One of my very favourite tools for taking stock is a values assessment. Values define who we are and what matters to us. When we find ourselves in situations where our values are compromised, we can become stressed and anxious. When we hold goals that are in conflict with our values or don’t address enough of our values, we tend to procrastinate because the tension stops us being able to make progress. Values do change over time depending on circumstances. By being aware of our values, we are in a better position to:

• define what is truly important - I have worked with a number of people who realise that they are not channeling their energies towards what they value the most.
• clarify motivation - when someone is trying to achieve a goal that is in conflict with their values, they will feel a lot of resistance. The answer is to consider how to reframe the situation so that there is a natural alignment.
• identify areas where circumstances as in conflict with most important values - values definition is particularly useful when people feel “stuck”, because they tend to find that they are aiming for goals they don’t believe in.
• separate externally sourced goals from those acquired externally - many of our ambitions are shaped by our culture and society. When we take stock, we are better able to understand what our own ambitions are and what truly inspires us
• evaluate circumstances and identify goals that align with values - knowing our values, we can assess our circumstances and identify and resolve conflicts

​Use this list to identify the 10 values that are most important to you. Then order them in terms of their importance to you. 

My favourite starting point for taking stock is to take a measure of where you are right now, in a holistic sense, to answer the question “how are you doing in all areas of your life?”.

The Wheel of Life is a great tool for that. In its most basic form, it is a circle divided into 8 sections. Each section is devoted to an area of your life. ​The example on the right focusses on career, but the tool can be adapted to suit whatever circumstances you need to explore. 

Essentially, you rate each area of your life on a scale of 1-10 in terms of how satisfied you are with that facet of your life and then how important it is to you. The second rating is very important because it isn't worth spending time on on something that you don't care about much! You might find it useful to use a table like the one below:

By getting it out of your head and on to paper, you are able to see how you are doing and how important that is to you. It helps you decide what needs your attention and offers a glimpse of what might happen if you chose not to pay attention.

Click here if you would like an at-a-glance page summarising the tool. Please get in touch if you have any questions and do share your experiences of using this tool in the comments area below.