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Happy New Financial Year

  • by kaibizzen
  • Jun 24, 2020
  • Blog
  • 0 Comments
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As a business owner, I love this time of year.  I find it a great opportunity to reflect on the year that’s been and plan for the year ahead.   

This week, I want to share with you the process Rob and I use at the end of every financial year (and also at the end of every calendar year).   

There are two parts to this process. 

Part one is to REFLECT. Part two is to PLAN. 

One thing I’ve learned over decades of personal development and running businesses, is the best precursor to planning is acknowledging what we have achieved and expressing gratitude for those things.  

“Self-awareness gives you the capacity to learn from your mistakes as well as your successes.” 

Lawrence Bossidy, Author and Businessman

Truth be told, reflection is the biggest part of my process.  

It is only by truthfully acknowledging my triumphs and challenges, my wins and my learnings, I can plan forward towards my goals from a place of reality. 

Here are the 10 reflection questions I ask.   

This year: 

  1. What have I achieved personally? 
  2. What has the business achieved? 
  3. What have been my greatest personal challenges? 
  4. What have I learned about myself through these personal challenges?
  5. What changes have I made in my life because of these challenges? 
  6. What have been my greatest business challenges? 
  7. What have I learned about myself through these business challenges? 
  8. What changes have I made in my business because of these challenges? 
  9. Who have been my greatest supporter/s this year?  How have they supported me?   
  10. Who have been my greatest challenger/s this year?  How has their challenging me actually helped me to grow? 

This financial year, for many, it could be so easy to end on a downer.  To only acknowledge the last 10 weeks, as if the other ten months never happened. 

However, these reflection questions help me to see that even the “worst” things I’ve experienced are actually a blessing and therefore an opportunity for me to be exceedingly grateful. 

I invite you to pause here and answer these 10 questions before you read on.   

You can download a FREE PDF copy (no opt-in required) of all 10 reflection questions and all 5 planning questions HERE.

Hasn’t the 2020 FY been a great year! 

Now you’ve reflected, let’s look at the questions you need to ask yourself so that the 2021 financial year is even better, with the hindsight of your 2020 vision.   

The 5 questions are: 

  1. What do I want to achieve personally?  I discussed this step in detail in this blog. What you want to achieve – for yourself, and for your family – becomes the driver for the next question. 
  2. What does the business need to achieve to help me achieve my personal goals? What net profit? What gross profit? What revenue? 
  3. What things do I need to focus on to achieve that – leads, conversion, average $ spend, repeat business, productivity etc 
  4. What resources do I need to achieve this? 
  5. Whose help do I need to enlist to help me achieve this? 

On behalf of the team at Kaibizzen, I wish for you an amazing 2021 financial year.  I trust it is your best ever. 

You can download a FREE PDF copy (no opt-in required) of all 10 reflection questions and all 5 planning questions HERE.

If you’d like to know how Rob and I could work with you to ensure you make the 2021FY the year you achieve your goals, get in touch. We’re here to support you achieving the business and the life you and your family deserve. 

POST-COVID19 BUSINESS STRATEGY CHECKLIST:

  • The economic landscape has radically shifted
  • Thriving depends on your strategy in the 3 priority areas
  • Assess your current strategy in the 3 priority areas
  • Create your post-COVID19 specific strategy

Download your copy of Post-COVID19 Business Strategy Checklist.

02 Oct

Panel Discussion

Tuesday, 6:30pm Quest Cannon Hill

What does it take to actually remove yourself from the day-to-day grind of business? Learn from our panel of Business Owners who've Been There, Done That.

 

GET TICKETS HERE

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