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OCTOBER 2024 WLP NEWSLETTER
Hello Leader,
This month, we’re exploring one of leadership’s most critical yet often overlooked aspects: Your Epic Exit. In the Every Day Is Friday ACTT Blueprint book, we focus on the Financials section. Whether it’s the end of a career chapter, a business transition, or a personal evolution, planning for your future must ensure a graceful and empowered exit. No matter where you are or your role, if you don’t have a transition plan, someone else will create one for you.
Here’s the truth: others often shape our financial journey—through salaries, revenue, investments, and even life choices. But without intentionality, this leaves us feeling adrift, unsatisfied, and unsure of our long-term security. To change this narrative, we can Captain our wealth, navigate financial waters with clarity, and chart a course for an Epic Exit that reflects our true desires and values.
How Do You Rate Your Financial Acumen?
As a leader, how well do you make financial decisions in your company? Here’s a definition of financial acumen to help you gauge where you can rate yourself:
- Financial acumen is making informed, data-driven decisions that align financial strategies with long-term and short-term goals. It involves understanding and analyzing key financial metrics—such as IRR, ROI, and valuation ratios—to assess a company’s financial health, risk, and growth potential. This skill tracks profitability and uses financial insights to drive effectiveness, optimize value, and reduce non-value activities across operations.
- Strong financial acumen consistently links financial planning, cost management, and capital allocation to the company’s success. Leaders with solid financial acumen ensure that every investment and financial decision is strategically aligned to deliver maximum value, contributing to short-term results and sustainable growth. Effective financial acumen also includes anticipating and mitigating risks while staying agile and prepared for future opportunities.
Here’s an exercise we can all benefit from!
Step 1: Imagine Money as a Board Member
What if money was a member of your board of directors? Like any other board member, it has insights, opinions, and advice. This exercise will help you explore your current relationship with money and how it impacts your leadership.
Here’s what to consider:
- How does money communicate with you?
- She tends to ignore me until there’s an urgent need, and then she’s grateful.
- What would money say about your relationship with it?
- They wonder where I am, even though I am close.
- How do you feel when you think about money in your company?
- He never thinks I am enough, no matter how much I show up.
- How valued does money feel?
- They see me as a partner in their success, appreciating the opportunities I bring.
Step 2: Reflect on Your Responses
Take a moment to review your answers. How does this board member “money” see your leadership? Are there any recurring themes or surprises? How might these reflections influence your financial decisions from now on?
Step 3: Create a New Money Dialogue
Now, it’s time to rewrite the story. Please respond to the insight’s money shared with you by writing a few sentences to it. Here are a few prompts to get you started.
Dear Money:
- “I want to improve our relationship by…”
- “I realize that I have been…”
- “Moving forward, I will be more…”
Step 4: Action Steps
Based on your reflection, take three actionable steps to strengthen your financial relationship:
- Create a consistent financial check-in to review your financial health and upcoming needs.
- Strategically budget for growth to ensure long-term financial wins.
- Set clear financial goals or build reserves to handle future desires and challenges.
- This exercise is designed to be more empowered with your finances, not just as a resource but as a partner in your success.
Financial Empowerment & Your Epic Exit
Planning your Epic Exit requires a solid financial foundation, as emphasized by wealth advisor Diana Verity, a JPMorgan Wealth Advisor. She highlights the importance of reviewing your current financial situation, setting clear retirement goals, and consulting with professionals to tailor your investment strategy. Whether you’re a highly compensated individual in a public or private corporation or a business owner, it’s crucial to understand your retirement sources, such as deferred compensation, company stock, retirement accounts, and Social Security.
Defining your goals, forming a reliable team, and keeping your plans up to date are essential to ensuring long-term success. Strategic use of retirement accounts, maximizing Social Security, and minimizing taxes on withdrawals are also necessary steps. Clients also want to feel secure about their legacy, ensuring their loved ones are taken care of and that their affairs align with their wishes through proper planning and documentation.
D.I.V.A. Framework for an Epic Exit
Let’s summarize the keys to an Epic Exit with the D.I.V.A. framework:
- D – Honor your Desire to create an epic personal and professional exit.
- I – Imagine your exit. What if it’s better than you can even imagine?
- V – Vocalize your exit with loved ones and trusted advisors to inspire action.
- A – Use your Every Day Is Friday: ACTT Blueprint to strategically plan for all aspects of your personal and professional life.
As we continue this journey, if you haven’t already, I encourage you to take 5 minutes for the Women Leadership Power yearly survey by October 21st at noon Eastern to help us understand how we can better support your needs. We have made valuable changes so far; let your voice be heard so we can make some more to benefit everyone!
Gisele Rahael invites you to consider inviting someone you care about to join us. Here is a draft email you can send to a woman you care about to share our next master class with you. Spread the joy of our community today.
To your Epic Exit and beyond,
Nina ッ
Go Deeper:
Feel Free to use the review of this month’s presentation to dig deeper.
Financial Scenario Planning to support you with selling programs and packages and keep track of expenses to stay profitable.
Metaspire Epic Exit Assessment is for business owners and business leaders within a company to plan revenue and expenses to support your transition financially. Know what critical or significant areas must be addressed to ensure a successful transition.
Key Financial Metrics Gain a clearer understanding of business investment metrics, which are crucial for evaluating a company’s financial health and investment potential. These insights help make informed decisions, identify growth opportunities, and avoid potential risks.
Check out the contact list for this month. Reach out and connect with another successful sister and find out who could be next on your crew.
Join us:
Wednesday Wisdom: Join us to be seen and heard in this “warm” place. Celebrate your accomplishments or share a struggle. Feel supported by the collective Wisdom of your inner circle to fast-track your goals—November 6th, 2024, from 4 to 5 p.m. Eastern.
Our LAST Master Class & Mastermind of 2024: November 8th, 2024, from 10-11:30 am Eastern “What Do You Refuse To Repeat In 2025? End 2024 Strong.” (ACTT Blueprint: Development). Celebrate your strengths and identify what leadership competencies you desire to strengthen in the new year. Join us, and together, we’ll celebrate your strengths and identify what you wish to create differently in the new year! Doors close October 30th, 1 pm Eastern.
Feel Good Friday Social on November 15th from 6-10 pm at my home! Join fellow clients and partners for an evening of uplifting networking, conscious conversations, delicious appetizers, and drinks. Expect fun and inspiration from heart-centered leaders. Bring an exciting project or idea and a white elephant gift ($25 or less). If you’d like to bring a guest, they’ll also need a gift for the exchange. Please email me to RSVP by Friday, November 8th at noon.
To ensure your questions get addressed, and your goals stay on track…
BOOK YOUR QUARTERLY ACCOUNTABILITY COACHING WITH PATSY by sending an email to:
WOMEN LEADERSHIP POWER MASTER CLASS
Friday, November 8th, 2024
“What Do You Refuse To Repeat In 2025? End 2024 Strong.”
(ACTT Blueprint: Development)
10:00 am to 11:30 am Eastern
with Nina Segura, Business Transformation Expert | Fractional COO | Executive Coach | Six Sigma Black Belt | Business Process Architect
Celebrate your strengths and identify what leadership competencies you desire to strengthen in the new year.
Join us, and together, we’ll celebrate your strengths and identify what you desire to create differently in the new year.
The class is valued at $697.00 and is of no cost to your guests. I only ask that they engage during the session and meet with me afterward to let me know how they liked it. You can register them here: www.WomenLeadershipPower.com/Guest
Feel free to invite a woman who spearheads strategies, transcends industry standards, and disrupts the status quo! Registration closes on Tuesday, October 11th, at noon EST.
If you cannot attend our Master Class, please let us know 48-72 hours in advance AND be fully present, cameras on, and ready to become the best version of yourself. Thank you!
Master Class Dates:
Master Class dates and times will not change, however, topics may change based on the needs of the community.”
December – schedule a 1:1 with Nina – “What Is Your Transition Plan” (ACTT Blueprint Transition Performance Measures & Metrics)
Special In-Person Events
SAVE THE DATE –
Attend the Leadership Breakthrough Retreat in Boca Raton, Florida, from December 5-6, 2024. This retreat is for women leading organizational strategies, transcending industry norms, and disrupting the status quo. Accelerate your influence, increase engagement, and secure financial results while relaxing! Early Bird registration closes on November 8th at 5 PM EST, and registration ends on November 29th at 5 PM EST. Click here to chat and see if it fits you right.
Wednesday Wisdom (Members Only)
It is a warm place for you to celebrate your accomplishments, share any struggles, and feel supported by the collective wisdom of one another to fast-track your goals. The first Wednesday of each month at 4 pm EST. (please note the new time.)
Every Day Is Friday (EDIF) Quarterly Deep Dive:
Get your questions answered within our community, so you don’t have to second guess yourself. Plus, when you fully participate, you’ll have your own strategic roadmap.
12/20/24 – 2:00-3:30pm Quarterly EDIF Community Deep Dive a full strategic roadmap for the year to keep you on track with your personal and professional goals. (ACTT Blueprint: Commitments, MOS, Development)
INVITE A FRIEND!
Remember as a part of your membership you can invite a different friend or colleague to each monthly Master Class & Mastermind.
As a reminder, we offer a 5% commission when anyone you refer signs up as an Executive Member or a Transformation Client.
Use this link to Invite a Friend.
THIS MONTH’S MASTER CLASS REPLAY
Missed a meeting: Master Class, EDIF Deep Dive or Wednesday Wisdom – click the Video Archive bottom links to watch the recording.
OUR VISION
A World Where We Inspire, Influence, and Empower one another while honoring our feminine nature and women in leadership.
OUR MISSION
