Description

Q4 is here---are you ready to finish the year on a high note? Whether you've had an incredible year so far or faced challenges, now is the time to set strategic financial goals to close 2024 with success. But how do you ensure these goals are actionable and impactful?

On this episode of Become Sensible, I walk you through a step-by-step approach to setting up your business's financial plan for Q4. From assessing historical data to identifying key performance metrics and setting ambitious yet achievable goals, I provide a practical blueprint for business owners. You'll also learn about the importance of tracking your progress and how to adjust strategies based on real-time data, ensuring your business is positioned for growth as the new year approaches.

"Failing is a part of the business journey, but it's how we use those lessons that determine our future success."

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Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

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Timestamps

• 0:00 - Introduction and the significance of Q4 planning
• 1:30 - The importance of financial reflection and historical data analysis
• 3:00 - Key questions for evaluating your financial performance over the past nine months
• 5:00 - How to set Q4 financial goals that are both challenging and achievable
• 7:30 - Product and offering strategy: Adapting to market changes and customer behavior
• 10:00 - Cash flow and profitability targets for Q4
• 12:00 - The impact of changing identity and aligning actions with your goals
• 14:30 - The role of tracking financial habits and progress
• 16:00 - The importance of adapting strategy based on real-time data
• 18:30 - Communicating your business

21:00 - Encouragement for building a strong foundation for long-term business success

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