Starting a Personal Development Plan - Your Staircase to Success!

To develop our personal leadership and strengths, we need a personal development plan. Just like if we want to get from one place to another, we need a map or a GPS. Without it, we are lost.
You may say "Ok, I know my strength, why do I need a development plan to improve it anymore? I’m already good at it". Well, the short answer is you are good, but you can be better! You should try to be the best!

Why is personal development plan important?

2) It holds you accountable to your actions.

3) Personal development plan drive your course of action. Once you are clear of your goals, it aids you to achieve it. E.g. for financial goal, develop a savings pattern and develop a delay gratification in spending. For some, it may require you to change or develop a personal habit. For example, you want to put family first and spend quality time with your family, that’ll require you to change your priority and change your working style to more efficient and perhaps leverage or delegate more to your subordinates.

4) Development plan helps to identify resources needed to achieve the goals, and also help to identify your limitations.

5) Develop a reward and punishment system for each goal.

Most importantly, though, be patient and understand success will not come overnight and it will take time, practice, and dedication before you find yourself exactly where you plan to be. Rom was not built in one night!

An effective personal development plan should include:

• Identified specific goal
• Reason for the goal
• Action steps to achieve the goal
• Timeline
• Resources needed
• Measurement for success

Developing a strength/talent, for example, talents for details and in-depth analysis in financial data. As at today, you are probably good in the analysis. But you want improve it to next level and be known as the best in your industry.

So your development plan should sound like this:

Action Plan:

1) constantly updating yourself with the global financial update

2) attend economic seminars, learn new analysis tools

3) join network/group to discuss, or

4) spend hours to do detailed analysis on various stocks/financial instruments

Timeline:
List down timeline expected for each of the action plan. As in how frequent will you do the activities, how do you do the activities, and when you expect to complete them.

Resource needed:
How much $ are the fees for the seminars, new tools. How many days off do you need to attend the seminars?

Measurement for success:
How do you measure success? How do you consider yourself successful?

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