As your business grows and your personal circumstances evolve, it’s important to regularly review your business structure to ensure it’s still aligned with both your financial goals and personal needs. Changes in your lifestyle, family, or long-term plans can impact the way your business should be set up, and reviewing your structure now can help ensure you're getting the best outcome.
Hey Sole Traders, did you know "Taking a Break Isn’t a Luxury - It’s a Necessity"
As a sole trader, it can feel like there’s always something that needs to be done. Without the traditional safety net of paid leave, it can seem impossible to justify taking time off, especially when your income directly correlates to the hours you work. But the truth is, taking breaks isn’t just a luxury—it’s essential for your long-term success and well-being. Saving for time off is just as important as saving for your taxes and looking at how to make sure you can take that well-deserved break without sacrificing your business or financial stability. Plus, you get to look forward to deciding where to go and planning that holiday.
"A goal without a plan is just a wish." – Antoine de Saint-Exupéry
Kick off the year with a clear vision. Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) and create an action plan to guide you.
Having a vision and setting SMART goals is the foundation for a successful business. January is the perfect time to start planning and setting goals to implement in the new financial year.
I had some calls I had to make,
But thought, "They’re fine, they’ll have to wait."
The bills stacked up, a looming pile,
Yet I ignored them for a while.
The bank was waiting for my cash,
But I just left it in my stash.
The accountant called—once, then twice,
I dodged their emails (not so nice!).
"I’ll do it later," I’d declare,
Then business woes filled up the air.
A late fee here, a lost sale there,
Yet still, I acted unaware.
But business doesn’t run on dreams,
It needs some action, plans, and schemes.
So take that step, don’t stall or hide—
Or watch success just pass you by!
20 Niven Street, Onekawa, Napier 4110
