Every plan for financial independence requires:

1. Accumulating passive assets (such as property, shares, bonds, bank accounts and so on) to generate sufficient income so that the owner no longer has to work unless they choose to, and/or
2. Building a valuable business that can be sold for an amount that can then be invested in passive assets to provide the owner with sufficient passive income, and/or 
3. Building a business that will run under management to provide the business owner with ongoing passive income and cash flow.

Which ever strategy or combination of strategy chosen it is important to regularly monitor the growth in either the financial assets, the value of the business and/or the independence of the business from the owner (which actually increases the intrinsic business value in any case).

An annual review of value of financial assets or business value should take place to ensure the owner is on track to achieve his or her financial independence goals within the desired time frame.