Women in business – redefining what success means to you

Women in business – redefining what success means to you

Women in business – redefining what success means to you

So, you are a woman who owns a small business – no matter how you define success, life is sure to be crazy busy.  You’re also sure to have plenty of advice being constantly thrown at you about business goals, KPIs, and everything in between.

What is sucess for you?

So, you are a woman who owns a small business – no matter how you define success, life is sure to be crazy busy.  You’re also sure to have plenty of advice being constantly thrown at you about business goals, KPIs, and everything in between. You can very quickly feel overwhelmed, or that it’s just too hard. Before long you’re working harder and harder, but feel like nothing’s happening.  “Can I just get some work done!”, is a common saying for this business owner and many others I meet.  Perhaps a somewhat easier approach is to look at success and what it means to you.

When you take a well-deserved quiet moment to think about this, you may be positively surprised.  You will come to realise that depending on how you define it, you are achieving success in some way. This realisation, along with taking the steps to celebrate it, can have a positive effect on you, your business and the people around you.  Bring on the positivity I say!

“Look at success and what it means to you.  When you take a well-deserved quiet moment and think about this… You will come to realise that depending on how you define it, you are achieving success in some way.”

Defining what sucess means to you

Time to get your brainstorming on. Success in simple terms is accomplishing something you set out to do.  The timing of these “somethings” could be daily, weekly, or even annually.  The task could be business-related, or something to do with your personal life that has a positive influence on you and therefore your business.   You could start small and build from there.  What success is for one business owner, can be something completely different for another.

Examples of the different types of success

When we talk about success in business, our first thoughts may be that of a big bottom line, or a turnover worth bragging about.  Success can be more than just numbers in a profit and loss statement.  These are important and noteworthy, however success can be measured in so many alternative ways too.  The fact that you make it to the gym for 3 sessions a week, or that you manage school pickup before the principal calls you to check if you forgot your children, (ok, this is stretching it, but hopefully you get my point) is success for many.  Or perhaps your aim is to have a spontaneous holiday whenever you like. The point is, these wins can mean success to you, it doesn’t always have to be about money.

“Make your mark, be successful!”, is something I was told by a business executive when I started out as a business owner. Five years down the track, I have come to realise this needs to be in the context of me and my business. 

Success can change for you & that is ok

What you initially had in mind can change down the track – and that is okay.  Our businesses and our lives change, so it makes sense for our ideas of success in our world to change.  Just make sure that you’re not changing your definition because you’re comparing your success to the person next to you.

When I worked in large corporate, I was aiming for a seat around the executive table and to be a general manager that everyone was in awe of.  Years passed, and my aspirations of greatness completely morphed and changed.  Success showed itself as the opportunity to work alongside a like-minded business partner in which we now provide employment for other women.  Definitely winning!

So, isn’t it about time to celebrate your accomplishments and let yourself realise that you are successful?  In the context of you and your business, all wins are important, and deserve your attention.  If you’re open, honest & positive every day – isn’t that already success?  It’s about time as women that we brought some positivity and personalisation to what success means to us. Don’t forget to  share these successes with those around you – even if you’re using a different bench mark. Perhaps you’ll inspire the next woman (or man) over from you to strive for their own version of success too.

Success is accomplishing something you set out to do.

Don’t forget to  share these successes with those around you – even if you’re using a different bench mark.

Louise Duce
Louise Duce is the other Director/Principal Accountant of Nurture Accounting in North Lakes, Queensland. She has accounting experience of 27 years in working with small and large family businesses, Government-owned Corporations and primarily Public Practice. Louise is significantly enthusiastic in working with the Nurture Team, and is committed to working with Nurture clients particularly in the area of business advisory and tax compliance. Louise loves to have a chat with current and prospective clients. Talking about future business plans, specific issues and making suggestions on ways to move forward for clients, is one of her favourite business activities. With a significant interest in human resources, Louise is an active supporter of a positive culture in the workplace. Louise lives in Dayboro with her husband, 2 crazy children, and a collection of animals (tame and wild). She spends her chill time attempting to cook and trying new recipes, going to the gym and volunteering for local Dayboro charities.

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Employer Guide to Christmas – Part 1

Employer Guide to Christmas – Part 1

Dear Santa, all I want for Christmas is well-planned payroll!

As a business owner, it often feels once November hits, time just flies and before you know it, you are locking the doors for Christmas. Among the talk of parties, and which in-laws you are having to spend Christmas with, there are many things that must be planned when it comes to payroll for your staff.
Here are a few points to consider which may help you in preparation for the silly season.

Awards check

Check the relevant Award your team fall under. Some Awards state that annual leave cannot be deducted for the non-public holidays your business is closed for. Most of the Awards state that annual leave can be deducted when adequate notice is given to employees. It is imperative that the Award is followed and that you are familiar with the rules.

Did you know that some Awards state that annual leave cannot be deducted for the non-public holidays your business is closed for?

Calendar check

Whilst it may sound basic, have a calendar in front of you and look at when the public holidays fall. Highlight what would be the normal days for payroll to be paid. You may choose to prepay before the Christmas break, or schedule the payments to be transferred during your closure. A little bit of planning can ease the stress.

Christmas bonus check

Take a look at the numbers. Whether you are shutting shop for a few days, or just closing for the public holidays, a little bit of a reward can go a long way. Perhaps you have new employees with minimal annual leave accrued or casual employees with no entitlements to be paid public holidays.

Consider paying your team for what would be the two normal working days between Christmas and New Years Day. These dollars may be a small amount to pay, yet be very rewarding, increasing productivity and motivation.

The Christmas Payroll Wrap-up

In summary, Christmas is stressful enough as it is, especially for small businesses trying to keep their books balanced during the slow-down period. By planning ahead, employers can gain some much needed control over their ghosts of Christmas payroll’s past. They can also ensure their employees come back happy, rested and with enough spare change in their pocket that they’re willing to work as hard as ever in the new year.

We wish you all a safe and happy Christmas and New Year!

Employer Guide to Christmas

Wanting Jingle Bells to sound more like Jingle Coins? Sounds like you need a good accountant! Speak to Nurture about Christmas Payroll Management Today!