3 Reasons To Keep Your Finance Targets Realistic

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3 Reasons to Keep Your Finance Targets Realistic

description

If you’ve ever undertaken financial literacy training before, you’ll already have heard of SMART goals.

Transcript of 3 Reasons To Keep Your Finance Targets Realistic

Page 1: 3 Reasons To Keep Your Finance Targets Realistic

                

3 Reasons to Keep Your Finance Targets Realistic

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Make your goals SMART

• Specific• Measurable• Attainable• Realistic• Timely

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1. Demoralised staff

• Keep your targets slightly out of reach but achievable

• Impossible targets can lead to burn-out

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2. Risk of overtrading

• Sustainable growth should be gradual• Keep your cost of sales in line with your actual

sales

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3. Cash flow problems

• Set your finance targets in direct correlation to you cash flow forecast

• Without enough cash there is no business

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Financial Literacy

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