The place to start is by taking an inventory of your assets. By this, I don’t mean just money, real estate, cars, stocks, etc. I mean ALL your assets, those you need to be at home and effective in the New Normals. The most historically common metric for your assets is how many dollars (or other currencies) they were worth. The important metric in the New Normals becomes how strong and useful these assets are for you as an individual or business leader.
For much more detail on taking an inventory of your assets in the New Normals, see Chapter 4 in my book How Do I Get There From Here….When The Old Rules No Longer Apply? Don’t be put off by the book’s emphasis on retirement.
“How Do I Get There From Here?”, American Management Association, 2017, ISBN 9780814438688 paperback or ISBN 970814438693 ebook.
Purchase on: Amazon | Barnes & Noble | Indie Bound
Regardless of your age or stage, the Asset Inventory process is the same. It’s the necessary process for you to accurately evaluate your assets right now. If you are thinking about retirement, so much the better.
They fall into Four Categories:
- Cash and other assets that can be readily converted to cash
- Other assets
- Current skills (Yes, these are assets!)
- Current knowledge (Yes, these are assets too!)