How an Accounting Standard can make you feel good about what you have achieved in 2017

15th December 2017

Gavin Preston

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Yesterday I got an inspiration from the most unlikely of sources, Accounting Standard FRS 102.   In completing year end statutory accounts the Directors of a company are required to write a Strategic Review Statement summarising what you are doing strategically to pave the way for future success of the business and to identify any risks that may face the business.

Being required to sit down and right this 2/3rds of a page statement with a colleague made me realise the progress we are making.  In an environment where we are pushing hard for growth and there is a heck of a lot going on it is often difficult to get a sense of whether we are making progress or not.
Writing this statement was a brilliant acknowledgement of the progress we are making.

I encourage you to sit down and write a one pager reviewing the progress you have made in your business in 2017 and what you have put in place to pave the way for success and growth in 2018.

To hear more about this insight, click here to watch this short video.

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