RKL Supports CEOs on the Journey from Success to Significance

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Most CEOs have achieved some level of success in their business and finances and their personal lives. Beyond that, many seek something more – a bigger meaning, purpose or legacy. Finding that significance is a very personal journey; however, most successful people discover that aligning all the components of their lives (personal finances, business success and family satisfaction) leads to a sense of liberation that includes financial freedom, as well as peace of mind.

Professional services firm RKL recently discussed this journey from success to significance in a five-part blog series that considers various aspects of it, such as the personal and professional benefits of having a plan, how to integrate life and business plans, the importance of assembling the right team, and more.

This series kicks off by acknowledging that “finding significance” is a complex and emotionally daunting topic. This post looks at the barriers to finding meaning and explores how to overcome emotional and practical concerns. Read Part 1: Barriers to Finding Your Meaning.

Next, RKL turns to a metric successful leaders value – return on investment – and explains why early and effective transition planning is sound business strategy. After all, when external forces drive business transition, the resulting process is stressful for everyone. Read Part 2: Rewards of Planning and Risks of Delay.

After discussing the importance of business transition planning and the barriers to creating that plan, RKL’s series asks leaders to ponder what their personal life would look like if they started to run it like their business life. Part 3 poses big questions about legacy and suggests ways for leaders to share their stories – read it here.

Strategies like scenario planning, continual evaluation and holistic wealth management help CEOS connect the dots between the business and their personal lives and gauge new opportunities and their financial impacts in a more meaningful way. Learn more in Part 4: Integrate Your Life Plan with Your Business Plan.

The hardest part of legacy planning can be communicating choices, minimizing conflict and coming to a shared understanding. RKL’s blog series wraps up with tips to help CEOs get everyone important to them, including family and management teams, prepared for what’s next. Read Part 5: Assembling Your Team and Communicating Your Plan.

There is much to consider and a lot of work to do on the journey from success to significance, but business leaders don’t have to go it alone. The team at RKL encompasses the diverse expertise and proactive mindset required to make the process beneficial for CEOs, their businesses, and their families. Contact RKL to learn more and start the conversation.