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In today’s fast-changing business environment, setting and forgetting your financial goals is no longer enough. Shifts in the economy, industry conditions, or even within your own business can quickly make old targets irrelevant. Reviewing and resetting your goals regularly ensures you remain competitive, financially resilient, and focused on the future.
It’s important to note as you read what’s ahead, that the team at Attune Advisory are well equipped to help guide you through strategies to help you through setting and resetting your goals. Not only that, we’ll help with the numbers that make your goals a reality. So, let’s dive in…
The first step is to evaluate your current financial position. This includes reviewing your key performance indicators (KPIs), budgets, and forecasts. Ask yourself: are the targets you set six or twelve months ago still realistic? Have market conditions, client demand, or internal changes reshaped your priorities? By taking an honest look at where you stand, you can make more informed decisions about what needs to shift.
Once you understand your current position, the next step is to forecast how changes may affect your financials. Consider how new costs, opportunities, or risks will influence your cash flow, profit and loss, and balance sheet. These forecasts provide the foundation for updated goals.
Ambition is important, but flexibility matters just as much. Many business owners underestimate how long it will take to reach a target. Building in realistic timeframes helps ensure goals are both challenging and achievable.
Financial goals shouldn’t be set in isolation. Involving your leadership team, advisors and external experts (like your Attune Advisory team) creates a stronger process. A collaborative approach brings diverse perspectives and builds accountability. When your people understand and contribute to the targets, they’re more invested in achieving them.
The beauty of having an external team on board, brings that external lense – highlighting risks or opportunities you may not see from inside the business.
Resetting goals isn’t a once-a-year exercise. Regular reviews – quarterly or even monthly – help you stay responsive. This way, if conditions change, you’re ready to adapt rather than react. By treating goal-setting as a dynamic process, your business is better equipped to manage challenges and seize opportunities as they arise.
Regularly reviewing and resetting your financial goals is one of the smartest steps you can take to keep your business moving forward. By assessing your current position, forecasting realistically, and collaborating with your team and advisors, you’ll create goals that reflect today’s realities while preparing you for tomorrow.
Ready to reset your financial goals and build a tailored strategy to achieve them? Give the team at Attune Advisory a call on 1300 866 113 or send us an email today.
