Only 37 sleeps til EOFY!
You may call it June 30, end of quarter, end of financial year, half way through 2017, whatever you call it - you are right and we only have 37 more sleeps until we wake up and the calendar ticks over to 30th June 2017. What will you be prioritising between now and then?
End of financial year can bring panic, excitement, a fresh start or the close of a chapter. Come July 1st, our profit and loss statement clicks over to $0 again. Here are some tips to ensure you squeeze everything you can out of this year and wake up fresh and excited ready for July 1st:
1. Plan for it.
June 30 is a surprise for some - every year. Don't let it sneak up on you. Schedule your time and prioritise your focus and your energy is the right areas.
2. 37 do overs.
You have precisely 37 more chances to wake up and squeeze everything you can out of this year. That's if you include weekends. If not, you have less! Whatever hours you devote to work/business, make them count.
3. Meet your accountant.
If you haven't already had your tax planning session with your accountant, make an appointment now. The best decisions are informed decisions, so find out what you need to do between here and June 30 so your tax bill is as it should be.
4. Discuss the $20K small business immediate write off.
Again, the best decisions are informed decisions. If you are considering business purchases in the next few months, you might be better to do it prior to June 30 - or you might not either. Best to discuss these things with your accountant. Find out more here.
5. Refine your goals.
You may have set specific targets for this financial year and you may or may not be on track with these. Now is the perfect time to ensure you kick every goal you can. If you are ahead of target, don't sit back and cruise - redefine your targets and blow them out of the water. If you are not going to hit your targets, this is the perfect time to redefine them. What can you achieve between now and then? What do you need to achieve this?
6. Review your plans for FY2018.
Are your plans for the period that is the 1st July 2017 - 30th June 2018 realistic? Based on the data and trends of the past few months, should you be stretching yourself further? Re-aligning your focus? A lot has changed in the past 12 months. Make sure you plan for success in FY2018 and put in place what's required between now and then to achieve these objectives.
7. Mix it up.
If you've been working on digital marketing, and focusing on attracting new customers, mix it up in June and bring in a campaign designed to engage with your current customers. Do they know your plans for 2018? Are they ready to buy from you one more time this year? Likewise, perhaps you've been busy with real work and haven't had time to focus on marketing. Use June to get out and do some old school networking. Touching base with your networks and reminding people you are "open for business" can be very powerful.
Whatever your focus is over the next 37 days, invest your time wisely and purposefully. We all have the same 24 hours in each day. It's up to us how we use each hour.
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