Setting new financial year resolutions

Now’s the time to set yourself and your business new financial year resolutions. Make sure they have a real payback—in time saved, stress reduced or money in your pocket. That way you’re much more likely to stick with them.

For example:

• Commit to a business plan
• Review the business plan regularly (e.g. every quarter)
• Talk to your accountant more regularly and don’t just discuss your accounts—talk about where you want your business to go and how you can get there, business planning, etc.
• Develop a budget and measure performance against it
• Improve work practices (for example, improve your debtor management).

Related posts:

1. Tax time: preparing for the end of financial year
2. 12 Great New Year’s Money Resolutions
3. Business owners must prepare for new financial year
4. New Year’s business resolutions: 2010
5. New year’s resolutions