Brilliant-Online Magazine | The Proudly Australian Issue | January 2022

Page 34

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HOW TO IMPROVE YOUR BUSINESS 3678% IN ONE YEAR ✦ The 1% improvement advice from John Clarke, Success Tax Professionals.

I know what you’re thinking. It’s either:

Much to my surprise the improvement was 36.78 times.

1. Clarkie is crazy 2. Clarkie is speaking through his hat

Benefits

3. All of the above

1% a day is achievable.

and I don’t blame you.

Each day we do something to work on our business, but working in our business is not neglected.

However, a bit over a year ago I attended a business improvement workshop. The speaker said you can improve your business dramatically by making a 1% improvement each day for a year. In fact Sharon said if you do that each day then your business will be 37 times better after a year. I went to school in pre-calculator days, so there was no way I was going to try and calculate this manually. Fortunately we now have spreadsheets. I love spreadsheets. Spreadsheets are amazing. So I worked out the formula. I thought yes there will be improvement but no way will it be 37 times by a 1% improvement each day for 365 days.

It can be simple.

Measuring I like to document my 1% each day in a spreadsheet. Did I mention I love spreadsheets? I just put down what I have done that day to improve.

What can you do to make a 1% improvement?

So I calculated the formula:

Contact me at john.clarke@stptax.com for my list of 25 suggestions.

Improvement = (1+0.01)365 -1 where 1 is the business when you start the process, and the business is improved 1% a day for 365 days.

As always the advice in this article is general in nature and you should contact an accountant or tax agent for advice that is specific to your circumstances.


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