Are You Ready for the Future? The 5-Year Goal Setting Strategy

Are You Ready for the Future? The 5-Year Goal Setting Strategy | Dominic Baldwin Xantum Interview Most business owners start financial planning with the money. How much have I got, what should I invest in, how do I save tax? Dominic Baldwin starts somewhere else entirely: what matters to you, and why. In this episode of the Business Growth Podcast, powered by ActionCOACH UK, he shares the exercises he uses to help families make good financial decisions before an exit, retirement or inheritance changes everything. Dominic has spent 35 years guiding families with their wealth and today he and the team at Xantum look after business owners planning a capital event in the next three to five years, as well as high-performing athletes. His purpose comes from a personal place. His father, a Lake District farmer, inherited money in his late 20s and lost it through poor advice. Nobody ever asked him what mattered to him. What You'll Learn: - The Eight Priorities Exercise: How to name the eight most important areas of your life, score each one out of 10, and be honest about where you're falling short. - Finding Your Real Values: A simple way to uncover your core values by thinking about someone you love and admire, and how they behave. - The Five-Year Vision: Why writing down a day in your life five years from now, from the curtains to breakfast, gives you clarity on where you're heading. - Your Enough Number: How to reverse-engineer the price you need for your business from the life you want afterwards, instead of picking a round figure like £10 million. - Planning With Probability: How modelling shows the odds of funding your future at different sale prices, and why an extra £1 million can move you from 62% to 72% certainty. - The Post-Sale Trap: Why owners become more risk-averse after a sale, and what happened to one client who rolled the dice again straight away. - Avoiding Conflicted Advice: Why advisers who walk in with a product already in mind can leave business owners with unsuitable products and charging structures. Dominic Baldwin has spent 35 years helping families plan and protect their wealth. He grew up on a farm in the Lake District, spent his first 15 years in the industry driven by sales and numbers, then rebuilt his approach around values after losing his father. Now a CEO, he and the team at Xantum work with business owners approaching a sale or retirement and with high-performing athletes, focusing on removing conflicts of interest so they can act as true guides. He has looked after some families for around 30 years. Action Steps: If You Haven't Started: Pause this episode and write a detailed description of a single day five years from now. Where you wake up, who's with you, what you're excited about. Then draw a circle, split it into eight segments, and write down the eight things that matter most to you. If You're Already Planning an Exit: Work out what life after the sale will actually cost, then turn that into your enough number. If your business isn't worth that yet, sit down with your coach and build the plan to close the gap. For Everyone: Check your recent decisions against your priorities and values. If you've just had a capital event, take time to pause before taking on any new risk. Whether you're a business owner thinking about an exit, planning retirement or just want your money to serve the life you want, this conversation will change how you think about wealth. Subscribe for weekly conversations. Hosted on Acast. See acast.com/privacy for more information.