Latest / The 3Bz Podcast - Building Better Business / EP145 - The January Reset: What to Stop, Start and Keep in Your Business
Transcript
- 0:01Hi there business owner, and welcome to the Three BS Podcast,
- 0:04the place where we go beyond the numbers and dive into the
- 0:07strategies to help you build a Better Business one step at a
- 0:10time. I'm your host, Stephanie, a
- 0:12multi awarding entrepreneur with over a decade of experience in
- 0:15the bookkeeping and currency world.
- 0:17If you're a business owner looking to streamline, grow and
- 0:19get back the time that you deserve, you're in the right
- 0:21place tackling real world problems, answering tough
- 0:24questions, and digging deep into business building secrets in
- 0:27just 15 minutes each week. So Are you ready to build a
- 0:31Better Business with confidence and clarity?
- 0:33Then let's go. Hello and welcome back to
- 0:37another episode of The Three BS Podcast, your go to place for 15
- 0:41minutes of CPD certified motivation, inspiration and
- 0:45education to help you build a Better Business.
- 0:49If we haven't met before. Hi, I'm Stephanie Marshall,
- 0:51founder of ABCSUK, bookkeeper, accountant, business development
- 0:55strategist and someone who has seen more genero panics than I
- 0:59care to count. Today's episode is called the
- 1:02January reset. What to stop, what to start and
- 1:05what to keep in your business? Because January does not need to
- 1:09be a dramatic reinvention. We talked last week with Natalie
- 1:12Potts all about setting your goals for the year ahead.
- 1:15And if January is your busiest month, as most bookkeeps and
- 1:18accountants are, then you can set your goals in February.
- 1:22Your year can start from February.
- 1:23Your year can start from August or September.
- 1:25It's your business and you get to build things your way.
- 1:28If January is your busy season, you do not need to burn
- 1:31everything to the ground and start again just because the
- 1:33calendars flipped over. And you definitely don't need a
- 1:36color-coded 47 tab spreadsheet to prove that you're taking this
- 1:39year seriously. Although I do quite like a
- 1:42spreadsheet, 47 tabs might be a little bit over the top.
- 1:45What you do need, however, is clarity.
- 1:47So instead of piling more onto your plate, this So it's all
- 1:50about helping you decide what no longer belongs in your business,
- 1:55what actually deserves your attention, and what is already
- 1:58working that you should stop messing with.
- 2:00Let's get into it. So let's start with the hardest
- 2:02one. What to stop?
- 2:04First up, can we all agree to stop treating January like a
- 2:07clean slate? Your business did not magically
- 2:10reset on the 1st of January. Your clients didn't forget who
- 2:13you are, your cash flow didn't start again at zero, and your
- 2:16problems didn't politely disappear just because the
- 2:18calendar flipped over. When business owners treat
- 2:21January as a fresh start, they often seem to ignore valuable
- 2:24data from the year just gone. That's where the lessons are.
- 2:28So stop ignoring last year's evidence just because it doesn't
- 2:31fit the New Year, New Me narrative that we all subscribe
- 2:33to on social media and use the evidence and that data from last
- 2:36year, whether it was a full year or a part of a year, and use
- 2:40that to make informed decisions moving forward.
- 2:42If you've listened to any episodes on this podcast before,
- 2:44you'll know that I love data because data gives you informed
- 2:48decisions. And if you're a business owner,
- 2:50solopreneur, don't have a team around you to give you unbiased
- 2:54opinions, your thoughts and your decisions are often led by
- 2:57emotion. Taking away that motion using
- 2:59actual hard evidence of data means that you're much more
- 3:03likely to build a Better Business.
- 3:05Next stop saying yes by default. January is when people come back
- 3:09with energy, ideas and expectations.
- 3:11Clients want quick wins, opportunities pop up and
- 3:14suddenly your diary fills up before you've even had a chance
- 3:17to think. If you say yes to everything
- 3:19now, February U is going to be so exhausted.
- 3:23And I know many people talk about say yes to every
- 3:25opportunity because you never know where it's going to lead.
- 3:28And I wholeheartedly believe that.
- 3:30But as a business owner, if you're an introvert like me,
- 3:33saying yes to everything will actually just burn you out.
- 3:36Use this time, this new year, as a time to be intentional with
- 3:39your diary. If it doesn't align with your
- 3:41goals for 2026 and beyond, if it doesn't meet your capacity, if
- 3:45you're going to have to struggle with childcare or any of those
- 3:47things to make these opportunities work or it goes
- 3:50against your values, it's got to be a no or at least a not right
- 3:54now. One of the biggest lessons I
- 3:57learnt in business is that no is a full sentence.
- 4:00You don't need to go no, but or no because and explain yourself
- 4:0350,000 times. No is an answer.
- 4:05No is a complete sentence or not.
- 4:07Right now is also an answer if it's something you want to
- 4:10circle back to. And finally, stop confusing busy
- 4:13with productive. I am so guilty of this one.
- 4:16A full diary does not automatically mean a profitable
- 4:19business, nor does it mean a healthy 1 January for
- 4:22bookkeepers and accountants because it's tax return season
- 4:25is some of our busiest times of year.
- 4:27I had enquiries on the 6th of January this year.
- 4:30I have had new clients come on board on the 29th of January and
- 4:33previous tax years with a tax return due on the 31st.
- 4:36It doesn't necessarily mean profitable.
- 4:38Burning the candle at both ends in January is what many
- 4:40accountants will do. We're all getting by with
- 4:42caffeine and pure willpower. If you're a business owner
- 4:46that's not in that industry, you'll have your busy periods
- 4:48too. And just because your diary's
- 4:50packed full doesn't necessarily mean you're actually progressing
- 4:55in your business or building it the way you want to.
- 4:57If you were busy last year but still felt stuck, overwhelmed,
- 5:01or underpaid over serving, doing more of the same is not going to
- 5:05be the answer, is it Einstein? That said, the definition of
- 5:09insanity is doing the same thing over and over again and
- 5:14expecting to get different results.
- 5:16If you were busy last year, if your diary was packed, but you
- 5:19didn't seem to make the impact you wanted to make, you didn't
- 5:21seem to get the things done that you wanted to get done.
- 5:24Now is the time to look at those things and deciding what you can
- 5:27leave behind as we go into 2026. So now we have swept the decks,
- 5:31got rid of all the things that we need to say goodbye to,
- 5:34emptied that closet. Now it's time to talk about what
- 5:37to keep. This is where business owners
- 5:39quite often trip up. So they're so keen to change
- 5:42things, but they accidentally throw away what's already
- 5:44working. When I'm saying saying no to
- 5:47things, things that supported you last year, the systems that
- 5:50work, the connections that you made, the events you attended,
- 5:54the things that worked last year needs to be brought into this
- 5:58year. Don't say goodbye to them.
- 6:01If something saved you time, reduced your stress, or made
- 6:04decision making easier for you, it stays, even if it's not a
- 6:07perfect fit yet. Quite often with software,
- 6:10unless you are building it yourself from the ground up,
- 6:12it's never going to be perfect for you and your business.
- 6:15So things are 9095% there and have the benefits of saving you
- 6:20time, stress or making decision making easier.
- 6:24Even though they're not perfect, it is important to keep those
- 6:26and not throw them away and start again looking for a brand
- 6:29new solution that's at nought percent rather than 90% you
- 6:32already have. Also keep the clients who
- 6:35respected your boundaries. They pay you on time and value
- 6:38what you do. They are like gold dust.
- 6:41I like to cause them unicorns. They are the reason that you
- 6:44don't need to chase every shiny new lead.
- 6:46And as we're building better businesses, I think we all are
- 6:48learning that we don't say yes to every client and every person
- 6:52that wants to pay you money is not always a good fit for you.
- 6:55Quite often what I found in my time in business is those that
- 6:59haggle you on price, those that aren't responsive to you as
- 7:03you're going through the onboard and the sales and marketing
- 7:05process, they're going to be your Pitta clients.
- 7:08Pitta being pain in the ass. Think I'm not going to put an
- 7:10explicit label on this episode? Oh dear, keep the habits that
- 7:14protected your energy. If there's things that you
- 7:15started in 2025, even if you let them go to the wayside, whether
- 7:19that was going to the gym or getting out a break time, taking
- 7:22more time away from the screen, eating more healthily, stopping
- 7:27the drinking, drinking more water, whatever it may have been
- 7:30personally, professionally, any of those habits that helped
- 7:33protect your energy. Booking those days out of your
- 7:35diary after a big event. If you're or people would doubt
- 7:38in your introvert like me, if they work, keep them.
- 7:41Double down on them for 2020 26. That could also be batch in your
- 7:45work, blocking out your diary, logging off at a reasonable time
- 7:49if you got really good at saying no.
- 7:51The the laptop closes at 5:00 PM, doors are closed, we start
- 7:54again tomorrow at 9:00. Then take that with you.
- 7:57If it's working, take it with you into 2026.
- 8:00If something helps you feel human whilst running a business,
- 8:03it definitely belongs in 2026 with you.
- 8:07And keep reviewing your numbers. I wouldn't be doing my job as a
- 8:09bookkeeper and accountant correctly if I didn't tell you
- 8:12to keep reviewing your numbers. You know that I love data.
- 8:16Not because it's sexy or impressive, although I think
- 8:18it's kind of sexy and impressive, but it helps you
- 8:21make informed decisions. You don't need to obsess over
- 8:24every metric either. Go back and look at our episodes
- 8:27with Zoe Jew. She was great at giving us a new
- 8:29perspective on what metrics you actually need to look at in your
- 8:32business and what numbers and data you should track to help
- 8:36you build a Better Business and to know what's working and
- 8:37what's not. While you don't need to obsess
- 8:40over every metric, you do need visibility.
- 8:43You need to know your cash flow, your profit, your pricing and
- 8:46capacity. Those matter far more than
- 8:48variety starts like followers on Instagram.
- 8:50In my opinion, this is the most important part.
- 8:53What to start? Start with clarity and not
- 8:56goals. Before you set targets, ask
- 8:59yourself these questions. What do I actually want this
- 9:02year to look like? What do I want less of?
- 9:05What do I want more of, and what needs to change for that to
- 9:08happen? Go back to last weeks episode of
- 9:10Natalie Pops that was released on New Year's Day because that's
- 9:13about goal setting in a slightly different way than you'll
- 9:16probably see on social media. She doesn't need to start on the
- 9:191st of January, but you do need to look at a few things.
- 9:22She was great at giving strategies and advice on how to
- 9:25make 2026 goals suit you and your business, not what social
- 9:29media tell us our goals should look like.
- 9:32Goals without context just create pressure.
- 9:35And I think we've all felt that need to create that fancy vision
- 9:39board to get a new diary, to start journaling for four hours
- 9:43a day, whatever we see other people doing on social media,
- 9:46although we shouldn't compare ourselves, we're like, oh, I
- 9:48should really do that. And that pressure when we're
- 9:50already fit to burst in in January as accounts it's anyway
- 9:53is not helpful. It's the clarity that creates
- 9:56momentum to help build your business.
- 9:58And if you're watching or listening to this podcast, I
- 10:01hope that's the reason you're here, because you want to build
- 10:03a Better Business just like I do.
- 10:05And next, start planning shorter cycles.
- 10:07This was a big thing for me that I learned from Natalie last week
- 10:10is that you don't need a 12 month plan that locks you in for
- 10:13the whole year. One, the world moves too fast
- 10:15for that. The business landscape
- 10:17definitely moves too fast for that.
- 10:19And who knows what's going to come out in the next budget?
- 10:21Two, your business is not going to look anything like it does
- 10:24right now by the end of the year.
- 10:26And three, the pressure you're going to put on yourself by
- 10:29looking at that 12 month plan is not going to be helpful or
- 10:33sustainable to keep up throughout the entire year as
- 10:35the highs and lows of the business owner roller coaster
- 10:38come into fruition. So instead, focus on the next 90
- 10:42days. Some call it quarter one, some
- 10:44call it 90 days, whichever sounds more manageable to you.
- 10:47But what needs to happen in quarter one to move you closer
- 10:50to where you want to be is what should be down as your goals
- 10:53right now. This makes planning feel more
- 10:55achievable rather than overwhelming and reducing that
- 10:57stress. And finally, start making
- 11:00decisions based on evidence and not emotion.
- 11:03Again, I know how hard it is as a business owner who cares so
- 11:06deeply about their business that it's hard not to have that
- 11:10emotion when making decisions. Generally, emotions are also
- 11:14extra loud. Excitement, fear, comparison and
- 11:17pressure are all at play much louder at the beginning of the
- 11:20year I think than as the year goes on.
- 11:23So before you make a really big decision, pause and look at the
- 11:26facts. What happened last year, what
- 11:29does the numbers say, and what your capacity realistically is.
- 11:33Emotion tells you something, but it's the data that helps you
- 11:36decide what to do about it. And if you need help looking at
- 11:40the facts and the figures and what those numbers mean for you
- 11:42and your business, come and see us at ABCS UK where we help
- 11:46business owners build better businesses.
- 11:48We are your partner in business and we can help you.
- 11:50From a 15 minute discovery call to one off power hours and 1 to
- 11:54one sessions to ongoing monthly support all year round, ABCS UK
- 11:58has a plan on the package to help you whatever stage of
- 12:01business you're at to get you to where you want to be.
- 12:03So if you're resetting this January, here's your simple
- 12:06framework. Stop ignoring last year's
- 12:09lessons. Stop saying yes by default or
- 12:12because you feel like you should.
- 12:13Stop equating busy with success, because it's definitely not the
- 12:16same thing. Keep what works, keep the right
- 12:20clients, and keep the habits that protect your energy and
- 12:23help you be a Better Business owner without forgetting that
- 12:26you're a human too. Start with clarity.
- 12:29Start planning in shorter cycles.
- 12:31Again. When you call it quarter one or
- 12:3290 days, it's the same thing. And start making evidence based
- 12:36decisions, not emotionally LED ones.
- 12:38That's how you build momentum without burnout.
- 12:42Next week we're talking about January cash flow, anxiety,
- 12:44what's normal, what's not, and when to take action.
- 12:48I feel like this is one of the biggest hurdles business owners
- 12:50face specifically at this time of the year.
- 12:53If you found this episode helpful, please do like rate and
- 12:55review wherever you are listening to it.
- 12:57It really does help this podcast into the years of more business
- 13:00owners who need it to help us all build better businesses.
- 13:03And if you are watching on YouTube, please do hit that
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- 13:08know when the next episode of the Three B's podcast goes live.
- 13:11You can find links, resources and ways to work with me at the
- 13:14link in the show notes. And thank you for listening.
- 13:17I'll see you next week for the next episode.
- 13:19Bye. And that brings us to the end of
- 13:21another episode of The Three B's podcast.
- 13:24I hope you found it useful and that you're walking away with
- 13:26some motivation, inspiration, or education to help you build a
- 13:30Better Business. Don't forget to subscribe, leave
- 13:33a review, and of course, connect with us on social media for more
- 13:35insights, tips, and behind the scenes content.
- 13:38Your next step in building a Better Business is just a click
- 13:40away. I can't wait to connect with you
- 13:42and I'll see you on the next episode.
- 13:44Bye.