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3 Reasons to Keep Your Finance
Targets Realistic
Make your goals SMART
• Specific
• Measurable
• Attainable
• Realistic
• Timely
1. Demoralised staff
• Keep your targets slightly out of reach
but achievable
• Impossible targets can lead to burn-out
2. Risk of overtrading
• Sustainable growth should be gradual
• Keep your cost of sales in line with your actual
sales
3. Cash flow problems
• Set your finance targets in direct
correlation to you cash flow forecast
• Without enough cash the...
Financial Literacy
Hop on board with Colour
Accounting and learn more about
financial goal-setting
Get in touch…
Want to understand more
about your business’s finance?
Visit: www.colouraccounting.holstgroup.co.uk
Call: 08...
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3 Reasons To Keep Your Finance Targets Realistic

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

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3 Reasons To Keep Your Finance Targets Realistic

  1. 1. 3 Reasons to Keep Your Finance Targets Realistic
  2. 2. Make your goals SMART • Specific • Measurable • Attainable • Realistic • Timely
  3. 3. 1. Demoralised staff • Keep your targets slightly out of reach but achievable • Impossible targets can lead to burn-out
  4. 4. 2. Risk of overtrading • Sustainable growth should be gradual • Keep your cost of sales in line with your actual sales
  5. 5. 3. Cash flow problems • Set your finance targets in direct correlation to you cash flow forecast • Without enough cash there is no business
  6. 6. Financial Literacy Hop on board with Colour Accounting and learn more about financial goal-setting
  7. 7. Get in touch… Want to understand more about your business’s finance? Visit: www.colouraccounting.holstgroup.co.uk Call: 0845 456 4000 Join us:

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