6 min read
2020 was a more complicated year than usual due to the COVID-19 pandemic. However, it was not the first crisis we have faced in the past 20 years.
12 years ago, Sofia Macias He was facing a difficult economic moment when his ideal newspaper job became so complicated that he had to resign and rethink his entire life plan.
“Crises are usually the moments when we make changes that we have postponed for convenience,” Sofía said while attending Money Fest, Mexico’s interactive personal finance festival Interactive economic museum (MEASURE UP).
Thanks to this crisis, Sofía took on a part-time job, received as many scholarships as possible and started studying to prepare to become the best economist and thus help with financial education in Latin America.
During her master’s degree, a professor asked Sofia to do one Personal business planThat is, a roadmap as he envisaged in five to ten years. In other words, a card for your life, but with the vision you would put in a business.
This academic exercise became her map of life and today Sofía Macías is the author of one of the most famous personal finance books in Latin America: Little capitalist pig.
“Crises show the state of your finances and what you have postponed. But it is the best time to implement your personal business plan, ”said the author.
Image: Geldfest 2020
How to create your personal business plan to weather the crisis
“Has it ever happened to you in the face of an economic crisis that the most primitive page came out?” Asked the spokesman. “That happens more often than we think. For example, when we attack the supermarket shelves believing there is a lack of toilet paper, or when we fail to open our statement for fear of seeing what we already owe. ”
How can we control this instinct to flee so we can take concrete action to manage a crisis and begin creating our personal business plan? Macías gave us a five step mini guide to get started.
1. Take perspective
Crises are usually the moments when we make changes that we’ve postponed for simplicity, says Macias. It is therefore important to dare to take this opportunity presented by the pandemic to set new goals.
At this point you should start setting your goals and setting realistic deadlines.
“Timeless goals are nothing more than good intentions,” warns Macías.
Try to put down on paper where you are and what you would really like to do.
“Your life is the most important business you will build. If you do it for other companies, why not for your life? “Says the expert.
Describe your career goals, the future you want for your career, and what you would really like to be.
3. Mission and Vision
“Where is your value to society? Do you do what you love? Why or why not?” Says the blog of Little capitalist pig. It analyzes where you are and what you really want.
It identifies the legacy you would leave the world if you could and how you must act to achieve it.
How it goes? Sit in front of a notebook and write two business plans.
- One where you write how and where you want to be in 5 to 10 years.
- Another one where you write how and where you want to be in your best version in 5 to 10 years, when you have all the resources you need.
4. Identify your SWOT
A SWOT or SWOT analysis is a test of knowing the strengths, opportunities, weaknesses and threats.
Think about who you are as a “product”, what properties you have, what needs improvement and what you need to prepare for.
5. Identify the most important resources
Which team do you need to achieve your goal with? They can be friends, family, contacts, mentors, in short, anyone who will help you grow.
What do you need to work towards your goal? That said, identify the key expenditures you will need to make to meet your goal and what assets will need to evolve over the next 90 days.
Finally, Sofia has a message for those concerned about the pandemic: “There is good news and bad news. A good one is that no matter how long this crisis lasts, it will end. The bad news is that someone else will come. The only way to prepare yourself if you know how to take a perspective. ”