Taking care of your business

Welcome to the 2024!

A new year brings the promise and anticipation of exciting times ahead.

We all start out with good intentions when we set our objectives for the year to come, but motivation notoriously wanes with time and has the potential to sabotage our chances of achieving our dreams.

While many studies reinforce the notion that willpower struggles after only one month, a study tracking respondents over the course of a full year suggested that at around the three-month mark half of resolutions fall over, increasing to a failure rate of around 82% by year’s end.

But with proper planning, scheduling in things to do, attend, visit, celebrate etc. into your calendar will ensure that it will be your best year yet.

One way to deal with our waning motivation, instead of setting one daunting goal to be achieved over the period of a whole year, is to come up with a series of monthly, smaller goals. That will give you 12 ‘mini goals’ which ideally need to be achievable on a daily basis.
The theory is that if you follow the same pattern for around 30 days, you’ll be establishing this pattern as a habit that you are likely to continue into the future. Each successive month will see you build on that success.

Part of the key to making this approach work, is to ensure that all your monthly micro goals are working towards an overarching end goal. Your micro goals need to follow a theme.

This is where you can come back to your New Year’s resolution and base your theme on what you want to achieve for the year. Say your theme for the year is around career aspirations – for example achieving that promotion. Your first month could simply be setting
aside some time each day to network and meet people within the organisation – improving your interpersonal skills. The next month might be focused on exploring tools to improve your productivity…and so on as you work your way through each successive month.

If your priority is to work on your health and wellbeing,and end the year capable of running ten kilometres, it’s also important to set some micro goals that get you there. Again, you can start small – a way of working incrementally towards your goal might be to start by drinking more water, then a month dedicated to getting more incidental exercise in your day, then a
month focused on improving your diet and losing a little weight, working slowly up to lacing up your boots, hitting the track and increasing your endurance.

We are calling them micro goals for a reason, it’s important to not bite off more than you can chew. The key is how they add up. Viewed alone these smaller goals may not seem like a lot, but the shorter duration makes it a lot more likely you’ll stick at them, developing good
habits that will hopefully accrue, rather than fade over time. The fact that you are in effect starting afresh every month also gives you a much better chance of success.

Don’t be afraid to put in some processes to help you get there – it can be a good idea to use online apps to aid or track your progress. It can also help to dangle the carrot and build in some rewards for when you get to the end of each month successfully. Tell friends and
family what you are working on and celebrate your successes with them.

By the end of the year, you can look back with satisfaction at each little milestone as a personal win, and you’ll have stepped towards, and finally reached an overall goal that may have seemed intimidating unless broken down into manageable chunks.
So what are you waiting for? Get out that calendar and pencil in a goal a month to reach your dreams this year.

Do you need some help with planning out the year ahead? Or need some accountability or motivation to be more successful in 2024?

If so, reach out to our Team, and we will show you how our business coaching program – Chasers Getting ResultsTM – works.

Starting the Dream – How to Avoid a Nightmare When You Start a Business – is scheduled to be officially launched in February 2024 – more details to come…

If you want to get a copy at a 50% discount with our pre-publication offer, click this link: Starting the Dream.

Both books are for any aspiring entrepreneur who wants to grow their business and to understand what to look out for and avoid when they start their business, too!

Chasing the Dream!

Chasing the Dream gives a clear step-by-step process to build a business for someone wanting to enter the entrepreneurial world for the first time with no understanding of what is required. The strategies and ideas in the book are simple, practical, based on real-world examples, and can be easily implemented straight away.

Starting the Dream!

How to Avoid a Nightmare When You Start a Business is the sequel or antithesis to my first book, Chasing the Dream – How to Grow a Business in these Amazing Times that was released during the COVID pandemic to help struggling businesses get back on their feet.

The theme for our blog posts for the first quarter of 2024 is ‘Simple Systems’ and focuses on the development of systems and processes in your business by taking the knowledge about your business out of your head and documenting it in a format that allows you to build your Team and grow your business. Be sure to check out our daily blogs and weekly podcasts for tips, strategies and ideas to help you achieve success more quickly.

If you have not yet left a review for us on our Google Reviews, then now is the chance to do this and get 6 chances of winning a luxury 3-night holiday in Tropical Mackay in North Queensland. That’s right! By simply scanning this QR Code and following the instructions, we will enter you in the monthly draw to win. 

The winners so far were:

  • July – Heidi Monaghan, 
  • August – Mark Struth
  • September – Felicity Barker
  • October – David Peart
  • November – Jodie Welsh

Last month’s winner was:

If you are not successful in previous months, you will be automatically re-entered for the following month, giving you up to 12 possible chances of winning this awesome holiday. As soon as you leave a review, our Team will be notified and will enter your name in the draw. – Good luck!

If you haven’t yet caught up with the latest edition of the 14th Edition of our award-winning quarterly magazine – Chasing the Dream,  it is now available and features Sarah Irving & Joshua Suringa from Funakoshi Karate Warrnambool.

Don’t forget to check out our latest podcast episodes on The Chasers Channel

  • Episode 28 – Are You Suffering Christmas Stress?
  • Episode 29 – How to Create an Effective Opt-In Page

We release a new episode every Sunday so make sure you follow our podcast to get the latest news, tips and strategies for bringing you closer to achieving the dreams you are chasing.

Key Dates in January 2024

21 January

  • Lodge and pay quarter 2, 2023–24 PAYG installment activity statement for head companies of consolidated groups.
  • Lodge and pay December 2023 monthly business activity statement except for business clients with up to $10 million turnover who report GST monthly and lodge electronically.21 December

28 January

  • Make quarter 2, 2023–24 super guarantee contributions to funds by this date.

Note: Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 February 2024.

31 January

  • Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2023–24.
  • Lodge tax return for taxable large and medium entities as per the latest year lodged (all entities other than individuals), unless required earlier.
  • Payment for large and medium entities with a 31 January due date is:

a. 1 December 2023 – for companies and super funds

b. for trusts – as stated on their notice of assessment.

Note: You cannot assume a later date for lodgment on the basis that the taxpayer will be non-taxable in the current year. If you request a lodgment deferral, it will be escalated for manual assessment as an ATO assessed deferral.

  • Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member who has been deemed a large or medium entity in the latest year lodged, unless the return was required earlier. Payment was due 1 December 2023.

In case you missed some of our recent Blog Articles, here are a couple you might find interesting

If You Don’t Document and Implement a Process, Expect To Achieve Less!

Hello Chasers, For those business owners ‘who don’t have time and so much to do’, you are not alone. According to a 2023 article by Money, the Australian Bureau of Statistics found that 62.9% of small…

How To Accelerate Your Business Success

Hello Chasers, Later this month, I will again be heading to my quarterly business conference in Sydney, where I get to hang out and mix with lots of different entrepreneurs from all over the country, from…

Systems – A Dead Certainty for Success!

Hello Chasers, We recently travelled to Egypt as part of our 2023 Business Masters Retreat – a place that I have wanted to visit ever since I read about Lord Carnarvon’s sponsorship of Howard Carter’s discovery…

Host Your Next Event in Our Stunning Space Room

In case you missed some of our recent Blog Articles, here are a couple you might find interesting

Our new business space, christened ‘The Chasers Hub at the Fletcher Jones Business Centre is available for hire. If you need to run a training meeting, hire a ‘hot desk’ or host a virtual presentation then check out the availability of the space with our online calendar or contact Shannae Hewett  on 55612643 and she will discuss your requirements and organise these with your booking.

Worried about your Home Loan Interest Rates or
Need Finance for that new Ute & Machinery?

If so, now is a good time to review your financial position and your wealth protection cover to ensure a life event such as heart attack, cancer or death doesn’t leave your loved one’s with a debt that they cannot pay back! Contact Angela Tirabassi on 55612643 if you would like to discuss a solution today!

Have you increased your debt levels (Home/Business Loans etc.) recently?

Contact Dale Wilson-Rea on 55612643 for the most competitive rates & taxeffective structuring of your finance today!