The start of a new financial year in Australia isn’t just a date on the calendar – it’s your cue to pause, reflect, and power up. Whether you’re running a side hustle or steering a growing business, now’s the time to shake things up, refocus, and launch into the year with purpose.

Here’s how to make this financial year your biggest glow-up yet:

1. Reflect on Last Year Like a Boss

Before you go full steam ahead, take a moment to look back. What worked? What flopped? Which strategies delivered results, and where did things get a bit wobbly?

Grab those reports, check your metrics, and get real about what your business actually achieved. This isn’t about being harsh – it’s about learning, levelling up, and using your wins (and losses) as rocket fuel for the year ahead.

2. Set SMART Goals That Actually Slap

Forget vague goals like “grow the business” – let’s get specific. SMART goals are where it’s at:
Specific, Measurable, Achievable, Relevant, and Time-bound.

Instead of “make more money,” try: “Increase monthly revenue by 20% by the end of Q3.” It gives you something to aim for, track, and actually celebrate when you smash it.

3. Update Your Budget and Cash Flow Forecast

Money in, money out. It’s time to rework your numbers. Factor in rising costs (thanks, inflation), new expenses, and potential income streams. If you’ve got big plans to expand, this is your moment to make sure your cash flow can keep up with your ambition.

A clear, updated budget gives you more than just peace of mind – it gives you power to make bold, informed decisions.

4. Review Your Business Structure & Tax Strategy

Still operating under the same setup as when you first started? Might be time for a rethink. Whether you’re a sole trader or set up as a company, the right structure can save you big bucks at tax time.

A quick chat with a tax pro could reveal smarter ways to operate, protect your assets, and keep more of your hard-earned profit. And let’s be honest, who doesn’t want that?

5. Automate, Delegate, Elevate

Burning out on admin tasks? You didn’t start a business to drown in spreadsheets and invoices. Use tech to automate the small stuff and outsource where it makes sense – bookkeeping, emails, even social media.

Your time is your most valuable resource. The more you free it up, the more you can focus on the work that really moves the needle.

Ready to Kick Off Strong?

Don’t just roll into the new financial year hoping for the best. Get clear, get confident, and get a plan that actually works.

Book a strategy session with BJT Business Advisors and let’s build a roadmap to growth, profit, and a stress-free EOFY 2025.

Start fresh. Start smart. Let’s make this year your year.