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How are those EOFY resolutions going?

Can you believe it is already one month into a new financial year?

Today I wanted to ask; how are your EOFY resolutions going? It’s been a month already – can you believe it; we are already into August!! And I don’t know about you, but for me this year is passing very quickly.

It’s astounding to me to know that if we haven’t already started to implement a new year’s resolution (or a financial year resolution in this instance) then it’s highly likely that we aren’t going to implement them at all – this whole year!!

This week, we recap those Financial Year resolutions and give you great tips on how to get back on track!

In June, we spoke about some EOFY Resolutions that you might like to make for your business. To recap, these included;

  • Finding an advisor or a bookkeeper that help keep you keep on track
  • Or even to do a price increase

Whatever it was for you – how are you tracking?

So how do we make sure we stay on-track? 

Let’s just rewind a little bit and ask yourself;

  • Why did you make those resolutions in the first place?
  • What was it that you really wanted to change?

If you focus on the answers to those questions, it should help you to move ahead. Sometimes it feels a little overwhelming, which is why we suggest you pick 1 Financial Resolution to focus on.

The resolution might be;

  • To make more money this year: This may involve implementing new marketing strategies, for instance.
  • To give yourself a bit more headspace: This could take the form of finding a bookkeeper or engaging someone who can assist with administrative tasks.

Take action today

Whatever your resolution is, take action today. Make a list of what you need to do to meet that goal. Be clear on where you are right now and where you want to be. Write that resolution as if you are already there.

For example, if you are feeling overwhelmed by how much it takes to get your books done, your resolution might be that you’d like to know where you are at, at any given point in time – to know that all you need to do is log into your accounting system at any given time and know that all the information is up to date.

If that sounds really good, then you work backwards and find out what it is you require. Maybe bookkeeping just isn’t your strength, or maybe it’s more important for you to bring money in by being the salesperson or delivering on the work. Whatever it is that is holding you back, be clear and be honest and figure out if you able to delegate it by getting some help or you can outsource it by getting someone outside your business to come in and help.

Whatever you do, be clear about the reason because it will help you move forward and will help you perfect it.

Go ahead and accept our challenge; what will be your financial resolution that you put into place and what are you going to do today to make it happen! Because if you don’t, you’re likely to be trapped in a hamster wheel in twelve months’ time.  And we don’t want that from you! We want you to make more possible. And the only way to do that is to make little changes that have a big impact.

Go ahead and get one of those financial resolutions happening today. We’ll be here again for next week’s episode of Catalyst Plus TV, the place to be to make more possible www.CatalystPlus.com.au

 

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