(1 min read time)

Do you lay awake at night thinking about spending more time with the family, having that holiday, retirement, your Wills, your debts, tax, insurance, superannuation and wondering how you are going to be able to afford to retire when the time comes or maybe even wishing you had everything 'under control'?

I regularly meet business owners that clearly know there are key areas in their financial situation that desperately need attention. They also know that to achieve the level of success they want, they need to fix them.

Knowing you need to fix something and actually doing it are two very different things. This is the "knowing-doing gap".

Vince Lombardi famously said "The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather in a lack of will."

Unsurprisingly, the statistics show that business owners that have addressed all their key financial concerns are substantially more successful both financially and personally. A critical factor being that their focus remains clearly on making their business and family life great and not wasting it on worrying about what they haven't addressed.

Action for the month – Reflect on whether you have a "knowing-doing gap" and if you do, set aside some time to address one key area that has a gap and take action on it before you wind up for Christmas.

Have a great month.

Cheers,
Ben Law.