Organized Planning

THE ONLINE RESOURCE FOR ORGANIZED PLANNING

We developed an organized planning approach to help you evaluate your goals and measure results.

Planning is essential for success.

Start creating your organized plan today.

STEP 1

Do you have a life plan?

Do you have a family plan?

Do you have an estate plan?

STEP 2

Do you have a business plan?

Do you have a marketing plan?

Do you have a succession plan?

STEP 3

Do you have a financial plan?

Do you have a tax plan?

Do you have a retirement plan?

A financial analysis serves as a basis for you to make decisions.

Assess the viability, stability and profitability of your household and business.

STEP 1

Do you have current personal financial statements?

Do you maintain a general ledger for your household?

Do you project cash flows, forecast income and budget household expenditures?

STEP 2

Are your business financial statements current?

Do you maintain a general ledger for your business?

Do you project cash flows, forecast sales and budget business expenditures?

STEP 3

Are you able to earn income and sustain growth?

Are you able to maintain positive cash flow?

Are you able to satisfy immediate and long-term obligations?

It is vital to know as much about your potential and target market as possible.

Identify who they are, what they want and what expectations they may have.

STEP 1

What is the your Standard Industrial Classification code?

What is the estimated size of your industry?

What is your geographic area?

STEP 2

What types of products and services do you offer?

What is your potential market?

What is your target market?

STEP 3

Who are the major businesses in your industry?

Where are your competitors located?

What is your plan to compete for market share?

The goal of income tax planning is to minimize your federal income tax liability.

Look for ways to reduce your taxable income.

STEP 1

Are you required to file an individual income tax return?

Is your business required to file an income tax return?

Are your assets titled properly to minimize estate taxes and provide both asset and creditor protection?

STEP 2

Do you have a tax plan that projects annual tax liabilities.

Do you have any prior year tax liabilities outstanding?

Are you funding the maximum possible amount into your retirement plan?

STEP 3

Do you have a will and a trust?

Do you have copies of your prior year income tax returns?

Do you have adequate life insurance and disability insurance coverage?

It starts with you.

Aim to develop your true human potential.

STEP 1

What do you love to do and find joy in doing?

What exactly is it that you want to achieve?

Why do you want to achieve it?

STEP 2

What are your top five talents?

What are your core strengths?

What is your personality type?

STEP 3

What do you believe you can do?

What resources do you need?

What is your financial position?