Northern Accountants

1. You

Assess where you are and where you want to go

To achieve what you want, you need to understand where you are. Pulling personal assets and liabilities together on one document gives a complete, accurate and often eye-opening view of your finances. Without a starting point, it’s impossible to establish goals and expectations, so this is a crucial first step from which your journey begins.

Next, you must establish your expectations of what you want to achieve; these will form the focus of your journey and everything you do along the way.

These expectations should be SMART:

  • Specific
  • Measurable
  • Accurate
  • Reasonable
  • Timely

If your expectations are vague or limited in any of these areas, your journey could be compromised. Hence the importance of this exercise as a starting point, forming the bedrock of your priorities.

Before looking at my personal goals I would never had said I was a materialistic person, I now realise I am! I want a nice car, big house and money in the bank. The Numbers will help me achieve this.
Sarah Birkenshaw Quest Consulting Services Ltd

How Northern Accountants help you:

  • Pinpoint your exact personal financial position – Using our personal balance sheet tool, we help you understand your current situation and create the vision of where you want to be.
  • Produce a clear articulation of your business goals – Using the latest goal-setting tools and processes, including strategic planning software, we help you identify, articulate and understand where you want the business to go.
  • Value your business – We take account of your latest performance, along with the most up-to-date market information and insights, to value your business. This can be repeated as often as little as you like, to help you keep your finger on the pulse from year to year.

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