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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).

What do you think?

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Tim Reed

Tim Reed

Tim Reed became Chief Executive Officer of Australasia’s largest business management software provider in 2008, after gaining deep operational insights over five years in management roles including Managing Director, MYOB Australia and Group Product Executive.

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