Planning-Transition Planning

What is Transition Planning?

Transition planning dates back to the early cultures of Africa. Back then it was known as “rites of passage” A rite of passage is a ceremony that marks the end of one phase of a person’s life and ushers the person into another phase of life. Although it is often used to describe the tumultuous transition from adolescence to adulthood, rites of passage does refer to any of life’s transitions (Births, adulthood, forming relationships, becoming parent for the first time, ending of relationships, from working life to retirement, endings or death). They also had transition-punctuated concepts of the lifetime which prepared people to expect transitions to come along at certain times. Those societies, in short, regularly and repeatedly dramatized the transition process, which was the way that how-the-way-things-had-been ended in a kind of death, and a new way-things-are-going-to-be took its place through a sort of birth. Through those dramatizations, people grew familiar with transition and learned how to handle it. You and I can wish that we had such rituals but unfortunately, we don’t. So, we are going to have to learn to do individually and consciously for ourselves what once was done for people automatically and collectively by their society. Transition planning is the way to help you let go of your outlived life stage-whatever life stage may be, and prepare for the challenges and the opportunities the future holds for you.

The purpose of the rites of passage was to help individuals let go of their outlived life-chapter, and find a new one to replace the old by supporting them in the nowhere between the old and the new and assisted them to re-integrate back into their society with new identities and responsibilities. The rites of passage had a three phase process (a) separation/ending; (b) liminal zone/neutral zone and (c) re-integration. The transitional phase was a testing process of undoing and remaking. In other words, the individuals under went intensive training in the arts, ethos and culture of their communities, the responsibilities and rights inherent in the next stage of life. Transition planning helps you to do just that by helping you to disengage emotionally and psychologically from your job or career, assist you in interval between the ending of your career and launching your encore

Transition Planning is a structured process of helping you prepare financially, emotionally and psychologically and spiritually for the challenges and the opportunities inherent in the next stage of your life. Transition Planning helps you to start the process of redefining your life beyond your career or business. In other words, it is meant to help you figure out what you would like to do with your life after you leave your job or career and the steps you need to take now so you can meet those long-term goals. Just as in the early cultures of Africa, the rites of passage was to help individuals to let go of their outlived life- chapter, and find a new one to replace it, so also does transition planning is meant to help you let go of your old life or career and professional identity, your old sense of purpose and replace it with new ones befitting your new stage of life. Just as the rites of passage helped prepare the adolescent for adulthood so transition planning helps you prepare for life after your career by helping you to discover whatever you need to learn for the next stage of your life and create an exciting plan for your post-career life that you cannot wait to go to.

 

A lot of people look forward to retirement but when it finally comes, they are devastated by it because people often under-estimate or take for granted the emotional and psychological benefit their job or career provides for them. Transition Planning offers you a unique opportunity to identify your career losses and a safe environment to grieve for them, (if you want to) and successfully let them go so that you are able to welcome whatever is waiting at the back-stage of your life.

Our workshop helps you to identify all your career losses and shows you different ways of replacing each of those career losses.

It helps you create a comprehensive vision and plan for your personal future so you will have a dynamic, meaningful and purposeful New Life to look forward to by helping you achieve:

  1. Clarity in the things that would matter to you in your retirement
  2. Explore new opportunities
  3. Find new Meaning for your life
  4. Discover a new sense of Purpose

 

Transition Planning helps in successful retirement planning that helps to embrace retirement as an opportunity for a new life pattern.

It helps you to address what you may consider as some of the key challenges and fears of your moving from full-time employment to retirement long before you get there. As Peter Drucker noted, “There is one prerequisite to managing the second half of your life: you must begin working on it long before you enter it”

Transition Planning helps you to retire on your own terms instead of being forced to do so at an arbitrarily age, or circumstances such as, restructuring of your organization or other changes to your personal circumstances.

 What Transition Planning is not?

Planning your transition from working full-time to retirement does not mean that you’re getting old and for that matter you must quit your job. No, it simply means that you’re preparing your self-emotionally and psychologically for the challenges that post-career life has install for you. It also means that you want to avoid retirement remorse, depression, boredom etc. It also means that you are being proactive in taking control of your future wellbeing, happiness and satisfaction in the years following your full-time career.

 

Transition Planning ensures that you retire from something to something worthwhile. It enables you to move from life of success to a life of significance.

 

Why Emotional and Psychological Preparation is important?

A research, carried out by Mary Helen and Shuford Smith, revealed that the difference between happy and not-so-happy retirees, were not determined by net worth or location: “We determined that neither net worth nor location was critical to happiness. More important were factors such as attitude, resolve, and emotional maturity. In other words, people could enjoy a great retirement without a net worth of a million dollars or a home in a retirement community”.

One of the most fundamental forces that separate successful and happy retirees from not-so-happy retirees is that the happy retirees plan ahead while the not-so-happy retirees don’t plan. They think they don’t need a plan; they’re sure they can successfully “wing it as they go along. For many people, this may be the biggest reason they don’t plan. Winging it is no way to run a professional football team, no way to fly a plane, no way to run a successful business” and certainly no way to manage the second half of your life. And in another bit of irony, many people actually do get by pretty well without a plan. But if you want to put the odds in your favour, winging it just won’t do it.

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Organisational process transition plans can help you make the most of some of the toughest decisions regarding family business transitions.

It might be one of the biggest stressors of operating a family business, but we can help you create and implement the best transition management plan, ensuring your family business survives and thrives through the transition.

Let us help you deliver lasting value to your business with our family business transition planning service. After all, the profitability and longevity of your business depends on the vitality of succession planning.

Get in touch with us today to learn more.

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