Aligning your business and personal finance goals
Let’s face it, we work to support our lifestyle, so it makes sense that our business goals should align with our personal finance goals.
In this article, we discuss five methods to align your business to truly support your personal wealth journey – a great way to ensure you feel productive and future-focused during your career.
1. Have clear-cut company growth goals
A business without goals will struggle to find long-term success.
If you are trying to ensure the trajectory of your business aligns with your personal financial goals you must first be clear-cut about what you are hoping to achieve.
Businesses need to have short and long-term goals to continue to achieve tangible results.
Each goal must be a vision that you can share with your employees, so they can see the steps required to achieve and strive towards daily.
At North Advisory, we offer corporate advisory services for businesses looking to achieve the vivid picture of success they envision for their business.
We partner with you and your business as a trusted advisor who knows your business inside out and can provide you with clear, pragmatic advice, whatever your plans for your business may be.
2. Have clear-cut personal wealth goals
If your personal wealth goals are to “retire comfortably” it’s time to break that distant dream into steps that can ensure it is achievable. One way to continue to stay motivated as a business owner is to ensure your personal goals are aligned with your business growth, to plan for each phase of your business journey and where you need to be at financially and in your personal life to make it a reality.
At North Advisory we have the skills and experience to guide you through your choices and make recommendations based on your unique set of criteria.
Our experience as business advisors and personal wealth management specialists means we can work with you on both facets of your financial life for the best possible outcome.
3. Realign the company vision
Market factors, industry trends and economic changes will all impact the way a business operates.
During times of change, it is important to realign your company vision and focus to ensure you are still on the right track to achieving your business growth objectives and, in turn, your own personal wealth goals.
At North Advisory, our business advisors and operational accountants provide insight and guidance to make sure you set the right business goals for your personal circumstances and take the right steps to achieve them.
Our quality financial reporting, astute strategic recommendations and true commitment to your progress are what make us your ideal partner.
If you want more insight into your performance and the guidance of our business CFO services, contact us to arrange a preliminary meeting.
4. Stay focused on the prize
It is easy to get bogged down in the micro details of running a business, but the alignment of your personal wealth goals and your business goals can help you to stay on track and remain motivated during difficult times.
When each new phase of your business growth aligns to a personal wealth goal you have set for yourself, it’s easier to remain focused on what you have to do to make this dream a reality.
5. Employ to cultural fit
Your business goals and strategy should be widely shared with your people to ensure that those you employ are on the same page as you when it comes to growing your business into the future.
Hire employees who are interested in teamwork and leave their egos at the door when they step into the office.
Keep your employees motivated to work hard for your business by showing an interest in helping them to achieve their own personal goals too.
Talk to us today
Our expert Chartered Accountants use their innovative minds and exceptional industry experience to help businesses from all sectors.
Whether you are in design and engineering, tech and digital, allied health or construction, we can help you grow your business.
We offer a complete range of business accounting services, and our corporate advice will put you on the path to sustainable success.
Book a meeting with us today.
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Recognising the uniqueness of each business, we specialise in customised accounting services crafted to meet your specific needs and drive business growth.
Don’t hesitate to contact us if you’re ready to streamline your financial management with tailored solutions. Your business’s success is our primary focus. Fill in the contact form or call us to book an initial 30-minute chat.
Suite 6, 11 Oaks Avenue
Dee Why, Northern Beaches
NSW 2099
Australia