What is Your Definition of Prosperity?

Business consulting prosperity definition

Prosperity as defined generally today means certain wealth: financial, emotional, romantic, platonic, professional, educational. I would argue that prosperity is none of these things. I have met people with none of these things who feel prosperous and I have met people with all of these things who are not satisfied with their place in life. Prosperity is personal to each and every one of us and is part of the Individual Advantages equation that you will come to understand by the end of this book.

Prosperity is the positive culmination of all we do. Prosperity is the state in which we feel that all is right in our world, when we are not searching or reaching for something more to make us content. Prosperity is not always a product of wealth, status, acceptance, or image; prosperity is individual to each of us and can only be defined individually.

These excerpts stem from a core message in The I in Team Series™. They have been taken from our upcoming book: Individual Advantages™: Find the “I” in Team™. We explore the notion that prosperity is different for each individual. We have asked our team to give us their personal definitions of prosperity.

*Please note the underlined items in each of our team’s definitions of prosperity; they are key components to our book and were completely random. Each team member was free to write their definitions, but as we read each individual definition, we noticed a theme between their personal definitions and the book.*

Braden

Prosperity to me is a measure of one’s happiness, which is, by its very nature, subjective. Of course, to achieve happiness a basic set of fundamental objectives have to be met – I would equate it to reaching self-actualization on Maslow’s hierarchy of needs. Personally, I define it as having a work-life balance, strong fulfilling relationships, good health, a stable income, and a positive outlook on the future. Having the time to do the activities I want and spend time with the people I love is important, and so for me to be prosperous I need to be able to manage my time to allow for that balance.

From a managerial perspective, prosperous employees are going to be more productive and more loyal to the companies they work for, and so I think it is important for managers and business owners to understand what drives their employees beyond a weekly paycheck.

Brenda

My personal definition of prosperity revolves around two central topics – my daughters and my overall personal wellbeing. These two things tend to go hand-in-hand in my life.

My daughters, Savannah and Aubrey, are the single most important part of my life. I simply cannot be prosperous if I am not doing all I can to make sure they are happy and healthy. Not only does this mean providing for them financially and emotionally, this includes making the changes I need in my life to better myself and set a good example for them.

After 12+ years of a tumultuous marriage and the after-effects of said marriage, I have realized how important self-care is. Finances and titles don’t mean much to me anymore. If I am happy in my job, able to have a work-life balance, and be self-aware enough to know where my mental and emotional state is at, at any given time, I will feel more prosperous than I ever could, based on superficial things like salary or job title.

I have discovered over the last couple years that “things” don’t matter to me as much as I once thought they did. I have started living for experiences. In the last 12 months I have traveled to over 6 states – some places I have been many times before and some places that were new to me. I am trying to pass this mindset on to my daughters as well and provide them with as many experiences as time and finances will allow.

Brian

Realizing in each moment that I am in control and responsible for my own destiny; whatever that may bring. Prosperity can be figurative to some and literal to others; prosperity is an individual concept that will vary in definition between us all and when reached it creates advantages individual to our self.

Ciara

To me prosperity is when I have finally reached all my goals financially and I am able to experience new and fun things without having to be concerned about covering bills. My top five experiences that I would love to have are: Go on a cruise, go to Disney World, visit Italy, swim with dolphins, and learn to surf.

Jerrod

Prosperity for me is having the means to do all the things I dream of; like traveling the world and seeing things. Ireland and New Zealand are my top two right now.

Katie

Prosperity to me is peace. The peace that results from having a good balance between work and life. It also results from being fairly compensated for my contributions at work which equates to a comfortable lifestyle.

Lynsey

Being prosperous can mean different things to each one of us because we all have different desires.

For myself, prosperity means being happy and full of life. Since happiness comes from within, for me to be happy and feel fulfilled in my life I would need the following things: Nourishing relationships with my family, friends, and colleagues. A healthy work and home life balance in a career that keeps me learning. I am not a money driven person, but having enough income that allows me to have a nice home and enjoy the fun things in life.

Mary

My definition of prosperity is simple: love. My source of love is multi-faceted, but my biggest source is my boyfriend, Spencer. Spencer has been in my life for almost four years and every day I feel so lucky to have him. His influence on me has been life changing and no matter where life takes me as long as he is by my side I know I will always be content.

The love I have for my family is unparalleled. I consider Spencer and his family to be a part of my family, and I know my family considers them so as well. There is nothing I wouldn’t do for my family. Family is all that matters in the end; love is all that matters in the end.

I love myself, greatly. I find value in my existence and take care of my body. Being a raw vegan has changed my outlook on the world, for better and for worse. Sometimes it has made me cynical, but other times it has made me love stronger than ever. Eating properly for my body is the strongest display of love for myself that I could give; along with that comes the deep peace I feel for choosing this lifestyle and knowing my ethics are in the right place.

I find myself immersed in love every day and nothing makes me feel more prosperous than that. I don’t want to give the impression that my life is perfect, or that I am perfect, but I choose to look at the beautiful things in my life and nothing is more beautiful than unconditional love.

Mike

My definition of prosperity is being able to knowingly exceed the necessary needs for myself and others. Those primary needs would be financial, emotional, and professional. If I was able to comfortably meet and exceed my needs, but others that I am close to cannot, then I would not consider myself prosperous until I was able to get them on their feet.

I would consider someone financially prosperous when they can generate wealth that exceeds their personal financial obligations and still help a friend or a loved in a hard time without blinking an eye.

I would define emotional prosperity as a person who is able to positively minimize personal strife, while helping others to unburden their emotional strife for support.

I would consider professional prosperity as having the ability to be 99% happy in your career with the ability to control your employment future and have a meaningful impact on the people and company you work for every day.

Some people can be happy, but not prosperous, and I would argue that to truly be prosperous there must be a measure in your life that overly exceeds the normal median threshold for happiness.

Patty

Prosperity in the workplace to me encompasses a lot of different things. In a world where everyone is so focused on competition and themselves, I'm more of a team believer. I think it’s incredibly difficult to prosper without being a team player. Respect, effective communication, and an open mind are all part of that. When you have those three qualities, you're able to show up to work every day and know that you can give your very best.

Renee

For those of you who don’t know me on a personal level, the ending of my first marriage in divorce was a pivotal formative event in my life. I came face-to-face with the concept of prosperity, or the lack thereof. I was over-educated, under-skilled, and had not worked outside of the home in 15 years. My undergraduate degree in organizational behavior, a field in which I had never been employed, was completely undervalued during The Great Recession of 2007-2008. Businesses went into survival mode and rather than concentrating on developing or retaining a workforce, they hunkered down to weather the economic storm.

With no job prospects on the horizon, I chose to pull myself out of my current situation and made my primary focus to create my own prosperity. I enrolled in graduate school, chose a recession-proof concentration of study, and started a company – one which is growing and thriving seven years later. I focused on developing my skill base and knowledge. With grit, determination, and more hard work than I ever dreamed possible, I redefined what prosperity means to me.

Today, prosperity symbolizes the freedom to choose, not having to worry about my financial future, and career autonomy. It means I select the people I get to work with and create the environment I want to work in. I am truly excited about where Sharp Point Bookkeeping Solutions and IA Business Advisors are headed, and the incredible, talented, passionate individuals that I have the privilege of working with – both team members and clients. Thank you for being part of my journey and the fulfillment of my dream. Thank you for bringing prosperity to my life.

Sarah

I feel that if I were to measure myself to others’ ideas of prosperity that I would fall short. I feel that a prosperous person makes the most out of their particular circumstance and is confident in who they are, where they came from, and are driven by their own personal goals and desires. Like many, my life journey has been filled with crossroads that took me off the beaten path. Even though others may view these crossroads as pitfalls, I view them as pivotal moments. These pivotal moments did not define me, rather they helped mold me into the person I am today. To me prosperity cannot be measured by wealth, education, or any physical attribute. Prosperity is defined by knowing who you are, treasuring what is important to you personally, and learning from all your experiences. I feel that prosperity is embracing life – flowing through the turbulence all to better understand who we are.

What is it that makes you prosperous? Share with us!

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How to Mitigate Financial Risk Using the S.M.A.R.T. Management System

June 9, 2025

In an increasingly volatile economy, businesses cannot afford to be reactive when it comes to their finances. Whether you're a startup founder, a growing enterprise, or a seasoned business owner, the risk of financial instability is real—and growing. At IA Business Advisors, we help companies proactively navigate these risks using our comprehensive S.M.A.R.T. Management System . S.M.A.R.T. is more than just a goal-setting acronym. It is a decision-making and execution framework that brings clarity, structure, and alignment to every part of your business. From six-week action plans to one-year targets and long-term strategy, S.M.A.R.T. ensures your financial operations support healthy growth and resilience. Understanding Financial Risk in Today’s Business Climate Financial risk is multifaceted. It ranges from cash flow disruptions and market shifts to internal mismanagement and over-leveraged growth. As Brian Smith shared on a recent Daily Influence podcast episode, unchecked growth can drive a company into bankruptcy. Scaling without intention—chasing fast growth without aligning the internal team and financial resources—leads to diluted communication, quality issues, and operational chaos. Mitigating financial risk begins by understanding that more revenue doesn't always equal more stability. True sustainability comes from building systems that support intentional, well-paced growth. The S.M.A.R.T. Framework in Action: Reducing Financial Risk Our S.M.A.R.T. Management System guides businesses in creating resilient, financially stable operations through: 1. Specific: Build with Intentionality Clarity is power. One of our podcast guests, Mike Heatwole (CEO of The Dala Group), emphasized the importance of sitting down to define what matters most—whether that’s paying down debt, investing in growth, or launching a new venture. When your financial goals are specific, your strategy becomes targeted and less prone to reactive decision-making. “If we don’t know what the goal is, how do we get there?” — Mike Heatwole, CEO of The Dala Group 2. Measurable: Track What Matters Many companies are blindsided not by invisible risks, but by unmonitored ones. We help clients implement tools to track cash flow, margin fluctuations, and budget variances in real time. Visibility into your financial health gives you the power to respond early and course correct as needed. 3. Achievable: Assign Financial Stewardship Risk is reduced when financial responsibility is distributed. Through teamwide financial literacy and clear accountability, we empower organizations to make stronger daily decisions. No individual person should carry the entire burden—and no key area should go unmonitored. 4. Relevant: Make Risk Management a Habit Quarterly or biannual financial health check-ins create a sustainable rhythm. These don’t have to be complicated—they just need to be consistent. Regular reviews embed risk awareness into your company culture and decision-making process. 5. Timely: Foster Honest Dialogue Financial silence is a hidden threat. As Brian noted on the podcast, emotions like fear or shame can prevent businesses from facing financial realities. We encourage honest, blame-free communication around financial performance, creating space for solutions and collective action. Case in Point: Short-Term Action, Long-Term Impact One of our clients, a family-run distribution company, had strong revenue but was bleeding cash due to aging receivables. Together, we built a six-week S.M.A.R.T. Plan focused on accounts receivable recovery. We implemented weekly check-ins, assigned ownership, and used real-time tracking. Within 90 days, their outstanding A/R dropped by 22%, freeing up capital and restoring operational confidence. It’s Never Too Late to Get Financially Intentional Many leaders in their 40s, 50s, or 60s worry they’ve waited too long. But as Mike Heatwole wisely shared: “It’s never too late. Just get started. Do something.” Progress—not perfection—is the goal. Start small. Build momentum. Take the next best step. This mirrors a concept we love from The Gap and The Gain by Dan Sullivan: measure progress based on how far you've come, not just how far you have to go. Final Thoughts: Make Financial Stability a Strategy Mitigating financial risk isn’t about a dramatic overhaul. It’s about consistent action, visibility, and intentional decision-making. With the S.M.A.R.T. Management System, IA Business Advisors helps businesses turn risk into clarity, fear into focus, and instability into opportunity. If you’re ready to start, we’re ready to help. Let’s have a conversation about what matters most to you—and build from there.

Enhancing Interpersonal Relationships for Toxic Workplace Recovery

May 29, 2025

Hello, team! Mary here, continuing our journey through the I in Team series, where we challenge and empower you to Find , Be , and Build Your Influence. One of the most common things we’re asked to help our clients with is toxic workplace recovery. This directly connects to the culture of the team, and while rebuilding that culture takes time and intention, it is absolutely possible. In fact, with the guidance of our I in Team approach and S.M.A.R.T. Management system, we’ve successfully helped more than 19,000 teams evolve into high-performing, values-based cultures. If you’re ready to take the lead and breathe life back into your team, we’re here and ready to support you. Practice Emotional Intelligence One of the most impactful steps you can take on your toxic workplace recovery journey is to practice emotional intelligence (the ability to recognize, understand, and manage both your own emotions and the emotions of those around you). Toxic environments are often the result of emotional disconnection, poor communication, unnecessary competition, and a culture that avoids constructive feedback. Begin by shifting your perspective: respond with empathy, ask thoughtful questions, and use “I” statements. These habits model two traits, emotional regulation and empathy, that influence how your team interacts and solves problems. Start small. For example, set a personal goal to give one piece of sincere praise or recognition per day. This is a S.M.A.R.T. goal, and it starts to reinforce positive emotional exchanges. Over time, this contributes to a psychologically safe environment where people feel seen and supported. Foster Open Communication Once emotional intelligence begins to take root, toxic workplace recovery is just around the corner. Open communication becomes more natural because when team members are aware of their own and others’ emotions, communication becomes seamless. The number one rule? Listen. Really listen. Without listening, communication is incomplete. Try implementing monthly influence partnerships—team pairings that rotate so members can get to know each other beyond surface-level roles. This creates connection and, when done with consistency (Timely), fosters trust across your team. Another way to build open communication is by creating a structured feedback loop. Clarify how and when feedback should be given—perhaps during weekly one-on-ones or monthly review meetings—and make sure all team members understand the difference between criticism and constructive feedback. S.M.A.R.T. feedback is Specific and Relevant, and when delivered with respect, it encourages team members to grow without fear. Lead by Example As we say throughout the I in Team series, everyone is a leader regardless of title. Whether you’re in the C-suite or just starting your first job, how you show up directly shapes the culture of your team. To begin, set some respectful boundaries rooted in your values. Let others know what you need to succeed and what behaviors support or disrupt your work. When disagreements arise, demonstrate what respectful disagreement looks like—calm, focused on solutions, and free from personal attacks. If your workplace has leaned into competition, shift the focus to collaboration. Collaborate on micro-goals, like shared tasks or cross-functional projects. Make the results Measurable and celebrate wins together (publicly, if possible). Consider S.M.A.R.T.-based team-building events (like problem-solving challenges or goal-setting workshops) to reinforce collaboration in a meaningful way. Final Thoughts Toxic workplace recovery starts with you. Every interaction, every word, every moment of listening is a chance to model what’s possible. Show up the way you want others to show up. If your team is struggling to rebuild or you need expert guidance, reach out . We’re here to help. Let’s keep influencing responsibly and positively together.