Step 1: What Wins did you have in 2022
Take a sheet of paper and on the front side, make a list of wins you had in 2022. Examples include:
Work Milestones:
LPs: raised $mm in SPVs, raised/received commitments for $mm in Fund I, expanded relationships with key LPs
Deal Sourcing and Investment
Sourcing: sourced [x] deals, submitted [y] LOIs; mix of original ideas vs banker sourced deals
Capital Deployment: deployed $[x]mm into [y] deals which demonstrate firm’s investable themes
Firm Management: created stronger team, promoted people who demonstrated competency, added to the team, improved culture
Life/Family events: family additions/relations, house
Financial: created a clear picture of my firm’s economic model
Health: improved health; weekly exercise, trainer
Giving Back: enriched my community, helped people, taught, volunteered, donated
Emotional/Feelings: felt more confident than ever, settled in a new position, resolved conflicts that were holding me back
Step 2: What Are You Playing for in 2023?
Turn the sheet of paper over, and make a list of what Behaviors / Results you’d like to see in 2023.
Imagine it is December 2023, and write down what you’ve achieved in the past tense in the following areas; e.g. “I have…”
Work Milestones:
LPs:
Deal Sourcing and Investment
Sourcing:
Capital Deployment:
Firm Management:
Life/Family events:
Financial:
Health:
Giving Back:
Emotional/Feelings:
Step 3: What’s a CRAZY ask for 2023?
Beneath your 2023 list, write down what would be a wild outcome. A stretch far beyond what you visioned in step 2.