Welcome to the second quarter of the financial year. Did you hit your first-quarter targets?
No? Well, you will be hitting the rest, so get that Tesla on pre-order!
Disclaimer: If you order a Tesla and default on those payments, we will not be held responsible. But we may take you to a pity lunch, we are nice like that.
Anyway…
This is the perfect time to set fresh and achievable goals for your business. Whether that is a small business or a too-large-for-school organisation. Setting clear objectives can help you stay focused and productive— trust us, we’ve tried the burying your head in the sand method.
Let’s dive and get started— here come the tips.
1. Define clear and specific goals
One of our biggest mistakes when setting goals is being too vague. “I want to grow my business” sounds great, but it’s not specific enough to be actionable. Instead, set clear, specific goals like “I want to increase my client base by 20%” or “I aim to reduce my overhead costs by 10%.”
Don’t forget: “A goal without a plan is just a wish.” – Antoine de Saint-Exupéry
Did you know that statistics show (so it must be true) that people who write down their goals are 42% more likely to achieve them? Let us just repeat that 42 %. So, grab a pen and paper, or open your favourite planning app, and start jotting down those goals.
2. Break down your goals into manageable tasks
Once you have your goals set, break them down into smaller, manageable tasks. This makes them less daunting and easier to tackle. For example, if your goal is to improve your managed email marketing, your tasks might include:
- Researching the latest email marketing trends
- Drafting a new email campaign strategy
- Setting up automated email sequences
“The secret of getting ahead is getting started.” – Mark Twain. Seriously what are you waiting for, go on, get started!
By breaking down your goals, you can create a step-by-step plan that keeps you on track and motivated. Remember, small steps lead to big achievements. Let’s make it super easy for our lazy brains!
3. Keep on top of cash flow
This may be obvious, but we are going to say it anyway. Maintaining a healthy cash flow is crucial for any business, especially as we enter a new financial year. It has to be a habit to check your cash flow daily. This helps you stay aware of your financial status and make informed decisions. Use tools like accounting software or even a simple spreadsheet to track your income and expenses.
Still not sold? According to the Federation of Small Businesses, poor cash flow is one of the leading causes of business failure in the UK.
By keeping a close eye on your cash flow, you can spot potential issues early and take action to address them. This might mean adjusting your pricing, negotiating better terms with suppliers, or finding new revenue streams.
Are you ready to smash your goals for the new financial year? Start by setting clear, specific objectives and breaking them down into manageable tasks. And don’t forget to keep a daily check on your cash flow to ensure your business stays on track.
If you need support, whether it’s managing your diary, handling admin tasks, or improving your email marketing, our virtual admin assistant services are here to help you succeed. Let’s make this financial year your best one yet!
FAQs
What is diary management?
Diary management involves organising and scheduling appointments, meetings, and other important events. It ensures that your time is used efficiently and that you never miss a crucial meeting.
How can a virtual office assistant help with my small business?
A virtual office assistant can handle various administrative tasks such as email management, appointment scheduling, and project management. This allows you to focus on growing your business.
Why is cash flow important for small businesses?
Cash flow is the lifeblood of any business. It ensures you have enough funds to cover expenses, invest in growth, and manage unforeseen costs. Regularly monitoring cash flow helps prevent financial issues.
How can I improve my email marketing?
Improving email marketing involves understanding your audience, crafting compelling content, and using automation tools to streamline your campaigns. A virtual admin assistant can help you set up and manage these tasks.
To see how Eto & Flow could benefit your business, simply get in touch today – we’d love to walk you through your options.
