The CEO Mindset: Transitioning from In-Business Tasks to On-Business Vision

Remember those New Year’s resolutions? The ones made with a glass of bubbly in hand, promising 2024 as the year you’d transform your business and finally take up salsa dancing? How’s that going?

While we can’t help with any two-left-feet out there, here at Munro Benge we can certainly guide you in the business transformation department.

What’s the ‘why’?

First things first, let’s talk about the why. Why did you start this business? As far as we know, no one has ever answered “to spend my days drowning in spreadsheets and invoices.” Carve out some time to connect to the original vision. Was it to innovate? To lead? To make a difference? Give yourself one tangible way to keep that vision front and centre every day in your business.

Reflect on the last three months…

What’s been working well? Where have you slipped up on your business resolutions? What fail-safe could you put in place to get these back on track? What have you learnt? Maybe it’s that that resilience is key, or perhaps it’s time to delegate more. Every lesson is a stepping stone towards a better, stronger business.  

Set your sights on the year ahead

Now, for the juicy bit – the future. What do you want the business to achieve in the coming year? Is it expanding your market, streamlining operations, or maybe setting the stage for retirement or succession?

It’s crucial to not just dream big but plan big. Identify what you need to account for (pun absolutely intended). For example, if retirement is on the horizon, how is your succession plan looking?

Acknowledge the roadblocks (because there’s always a few)

Let’s be real, the road to business success isn’t exactly a straight, smooth highway. It’s more like a back alley with unexpected potholes. Identifying potential roadblocks early on is crucial. Is it cash flow, market competition, or perhaps your own time management? Recognise these hurdles and strategise on how to leap over them.

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Here’s where we come in. Having an accounting firm in your corner isn’t just about crunching numbers. It’s about strategic planning, financial advice, and having someone to call when you’re about to make a financial leap of faith. As we embark on a new financial year, remember, we’re more than just accountants; we’re your business growth partners.

Because in the world of business, it’s not just about counting numbers; it’s about making those numbers count for something bigger.