GPL Newsletter March 2006
With most of us back on deck and well into the second half
of the financial year, it’s time for you to evaluate where
you are, and where you want to be at 30 June 2006…
Under the GPL philosophy, PLANNING is probably one of the most
important things that you and your managers must do, and nothing
could be more important that this second half of the financial
year. While January could have been a little bit slow, we are
about to enter February and YOU need to know what direction
your firm is heading in!
We have put together the ‘GPL Network 2006 Kick
Start Practice Self Evaluation’, which are 21 key questions
to move you rapidly towards your 05/06 targets…
1. Have you analysed exactly your practice performance for
the first 6 months of FY 05/06?
2. Are you behind budget, on budget or in front of budget at
the half way mark?
3. Is cash flow behind budget, on budget or in front of expected
position?
4. Has your team capacity changed for the 2nd half compared
to initial planning?
5. Have you analysed how much capacity you have left for 05/06?
6. What fees do you estimate you have left for 05/06?
7. Will capacity meet expected fees?
8. Do you need more capacity to meet expected fees?
9. Do you need more fees to meet capacity available?
10. What is your plan to get more fees during 2nd half of 05/06
if required?
11. Have you set some personal, business & family goals
for 2006?
12. What skill sets would you like to personally improve in
2006?
13. What could you have done more effectively in 2005?
14. Have you set a BHAG (Big Hairy Audacious Goal) for 2006?
15. Do you have a plan to improve your Managers Skills Sets
in 2006?
16. Do you have a plan on how to improve your overall teams
skill sets in 2006?
17. Are you clear on what you have to do to INCREASE GROWTH
in 2006?
18. Are you clear on what you have to do to INCREASE PROFIT
in 2006?
19. Are you clear on what you have to do to INCREASE LIQUIDITY
in 2006?
20. Have you considered your tax planning strategy/program
for clients for 05/06?
21. Do you have an action oriented plan of items you need to
knock over in the first quarter of 2006?
GPL is soon to release a ‘testimonial booklet’
where we will be highlighting comments and success stories from
our top 20 clients for 2005… all who have mastered the
art of planning with great success, so look out for it!
A quick reminder about GPL's 2 Day Leadership
workshop at the Gold Coast Sheraton Mirage Thursday 2nd &
Friday 3rd March 2006
Special Early Bird Offer!
MFS Financial Services will be the major sponsor of our 2006
leadership event. Any firm that registers and pays before Friday
3 February 2006 the ticket price will be $1,495.00
Note - any other tickets purchased by the
firm for other attendees will be at $1,995 per ticket. Accommodation
at the Sheraton Mirage Resort is $245 per night (usually $600).
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