Create Your Vision

“Vision without action is merely a dream.

Action without vision just passes the time.

Vision with action can change the world.”

                                                    Joel A Barker

Where to start?

When starting out in business, it’s hard to know where to begin! Some things, that look less important, are vital for your businesses development and future success.

Business Plans are a management tool that can be referred to regularly to ensure the business is on course with meeting goals, sales targets or operational milestones.

The business plan has two primary purposes.  First, and foremost, it is used to assist you to run your business with a more cohesive vision.  It is your map for your business direction.  This need enables you to analyse your plan for marketing, sales, manufacturing, website design, etc., whatever is necessary for your business to enable you to greatly enhance your chances for success.

Business Plans are important because it allows you to use resources efficiently and prepare for the unexpected.  It also helps you to determine the appropriate goals for your business.  Proper planning assists employees working for you to know what they are trying to accomplish.

I hear too often?  I did this sometime before and I found it to be boring!

Yes, I hear you.  That is why Vision Your Business developed ‘Create Your Vision’.  We have included activities that are fun to complete to assist with overcoming any blocks you may have when it comes to Business Plans.

Join us for our next workshop on Monday 31st July and embark on a journey of business and personal discovery with Vision Your Business.

Simone loves working with small groups to ensure everyone receives the attention they deserve.  Places are strictly limited so book your spot now to ensure you don’t miss out!

In the first stage of your journey, we will Create Your Vision, assisting you to:

  • Develop the vision for your business
  • Create your business plan
  • Build a profitable and successful business

Create Your Vision is a program designed to assist you to create and realise your business vision.

Simone will take a look at the benefits of being self-employed, set some goals around why you want to be in business and get you ready to start on the road to having a wonderful, successful business.

At the end of the course you will:

  • feel motivated, empowered and in control of your business
  • have a clear set of goals for growing your business
  • feel confident in your ability to run a successful business AND have balance in your personal life, and, of course
  • you will have a clear, concise and actionable Business Plan, mapping out your journey.

You can register for this workshop online by clicking here or by calling Simone on 0408 638 403 or email on [email protected]

Top Tips To Be Prepared for End of Financial Year

Being prepared for the end of the Financial Year takes organisation, commitment and planning.  Now you may start to droop your shoulders and put on a sad face and think “Oh! do I have to?”

This is your business and you want the best out of your business.  Look at this as being positive and pro-active for your business.  Do what is right for your business and be smart with your money.

You work hard for your money during the year, be wise with Tax Time too.  During the year, you spend time to develop your customer base, maintain your cashflow by being paid on time and making wise decisions on your investment.  Please protect your investment when it comes to this time of year.

 Essentials

  • First is to make an appointment with your Tax Accountant. Your Accountant will look at how you are going and will ensure you will receive the maximum benefits before 30 June.  You need to have that meeting now though.  Prepare before the end of the Financial Year, don’t wait until after – it is too late then.

Other things that require completing are:   (this will be different for each business)

  • Reconcile all bank accounts.
  • Reconcile wages in your Profit & Loss to total wages in your payroll system
  • Reconcile super to be paid
  • Reconcile GST & PAYG to be paid
  • Reconcile all Balance Sheet items
  • Go through your trade debtors – are all these customers going to pay you? If not, talk to your Tax Accountant about writing them off.
  • Go through your trade creditors – are you paying these suppliers? If not, write them off as well – or delete the invoices from the system.
  • Complete a stock take.
  • Have you started a hire purchase or a lease? Take this paperwork with you to your Tax Accountant.

This list is not exhaustive, it depends on your Business and YOUR requirements and what you have done during the year.

Assistance

If this is overwhelming, sometimes it is cheaper and simpler to ask a Bookkeeper or your Tax Accountant for assistance to ensure you have everything ready for end of year.  There are great savings to be had if you are organised and ready to go.

Ideally, I like to have my first meeting with my Tax Accountant after I have completed the March BAS. Organise another meeting in May or June. There is still time to make that appointment.  Make it now with what you have ready.  This may save you a lot of money in the long run.

The Australian Tax Office has outlined their ‘Essential Tasks at End of Financial Year (EOY), here is the link.  https://www.business.gov.au/info/run/finance-and-accounting/accounting/essential-tasks-at-end-of-financial-year-eofy

To find out more about how I can help you to nurture your business why not visit my website, give me a call on 0408 638 403 or send an email to: [email protected]

Author’s Bio:

Simone Greer is a Financial Accountant and has managed small to medium size businesses for 20 years. Simone is passionate about small business success and targeted her career towards finding the tools to support business owners realise their professional and personal goals. She established Vision Your Business to do just that!

Vision Your Business is unique with Simone also being a Kinesiologist and a Brain Gym Instructor and Consultant. This unique skill set enables her to walk beside you on YOUR wonderful path of discovering YOUR beautiful business.