Budget Summary 2021
What can get an accountant more…
3rd March 2021
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How do I use deadlines to boost my business? Watch our video now to find out or read the blog below.
What’s the most important minute of your life? The last minute! It must be – it’s when we all get everything done!!!!
Take the transfer deadline. Months to work out who your club wants to buy, and then they’re trying to rush a medical at five to midnight on a multi-million pound transfer.
It’s the same with the personal tax return deadline. We all have 10 months from the end of the tax year until the 31 January deadline. That’s 10months!
But, HMRC announced last year that, out of the 11 million due, over 4.5 million were still outstanding. Over 40% have left it until the last two weeks.
Last year, half a million people left it until the last day…….and 20,000 until the last hour.
The point is that we all leave things until the last minute. It’s human nature.
So, how can we use this in our businesses? Well, if you only do things just before a deadline, why not set deadlines for everything you do?
Some deadlines are “Real” – client deadlines, submission deadlines, etc. And they force you to get stuff done.
But you can create your own. We set deadlines for all of our tasks. And, when we sit down to do them, we set a time limit to finish them. It almost becomes a game or a race to hit the deadline.
Now, the problem is that often the easiest person to let down is yourself. So, you do need to be disciplined…… or get someone involved and to keep track of your progress. If you tell someone else you’ll do a task by Friday, it’s more likely to get done. We don’t like to let other people down, or admit we’ve not done something.
If you struggle to stick to your own deadlines, get someone else involved and you’ll start to meet them.
The overall lesson, though, is that deadlines force you to get stuff done. So use them in your business.
If you’d like a chat, please contact us on growth@jondaviesaccountants.co.uk or by phone on 0151 380 8081.
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