The last few months before our big move, I was so busy I barely had time to eat, let alone exercise. I got into the usual unhealthy habits of eating rubbish and exercising never. Moving out of the big smoke to a quieter beachside locale has inspired me to get serious about getting healthy and finding work life balance. I know it is only a couple of weeks in, but I have joined a gym and am making a real effort to visit at lunchtime to break up the long hours of sitting stationery at my desk. I am feeling energized and all that time running on treadmill or walking on the beach has given me time to ponder. I started thinking how the rewards of starting a new exercise program mirrors the rewards of a small business regularly analysing their financial data. At first glance, these might seem like two vastly different pursuits, but stick with me - you'll soon see where I am going and just how beautifully they complement each other.
Whether you are lacing up your runners for the first time in months or opening up Xero to track your spending, starting something new can be daunting. The inertia can feel overwhelming, but here is the thing: taking that first step is always the hardest part. Once you get moving, momentum starts to build, and that’s where the magic happens.
Building Healthy Habits
Exercise: Establishing a regular exercise routine is all about creating a habit. You start small and gradually; it becomes a part of your daily life. Over time, you notice improvements in your stamina, strength, and overall well-being. I am feeling really chuffed with myself today as I ran 3kms with no break. That is a huge leap from where I was at just two weeks ago.
Financial Analysis: Similarly, when you start analysing your financial data, it begins with simple steps. You might track your monthly expenses or set up a budget to aim for. As you continue, these practices become second nature, leading to greater financial awareness and control. Just like with exercise, consistency is key.
The Power of Awareness
Exercise: When you exercise regularly, you become more in tune with your body. You start to understand its signals—what it needs, what feels good, and what doesn’t. This heightened awareness helps you make better decisions about your health and wellness.
Financial Analysis: Analysing your financial data regularly does the same for your finances. You become more aware of your spending patterns, where your money is going, and how you can optimize it. This awareness empowers you to make smarter financial decisions, avoiding pitfalls and seizing opportunities.
Setting and Achieving Goals
Exercise: Setting goals is a fundamental part of any exercise program. Whether it is running a 5k, lifting a certain weight, or simply feeling more energetic, having clear objectives keeps you motivated. Achieving these goals brings a sense of accomplishment and motivates you to set new ones. My current goal is to complete the 5kms weekly Park Run without walking or keeling over.
Financial Analysis: Financial goals work the same way. Maybe you are saving for a new piece of equipment, paying down debt, or building rainy day savings. Regular financial analysis helps you track your progress and stay motivated. Achieving these financial milestones provides a similar sense of accomplishment and encourages you to aim even higher.
Resilience and Adaptability
Exercise: Regular exercise builds physical and mental resilience. You learn to push through challenges, adapt to different workout routines, and recover from setbacks. This resilience spills over into other areas of your life, making you stronger and more adaptable overall.
Financial Analysis: In the realm of finances, regular analysis builds a kind of financial resilience. You become adept at handling unexpected expenses, adapting to changes in income, and recovering from financial setbacks. This resilience ensures that you are better prepared for whatever business life throws your way.
Long-Term Benefits
Exercise: The long-term benefits of regular exercise are well-documented: improved cardiovascular health, stronger muscles, better mental health, and a longer, healthier life. It is an investment in your future self.
Financial Analysis: The long-term benefits of regular financial analysis are just as significant. Over time, you build wealth, achieve financial independence, and reduce stress related to money. It is also an investment in your future business—ensuring that you have the resources to run the business you want.
A Balanced Life
Ultimately, both exercise and financial analysis contribute to a balanced, fulfilling life. They both require discipline, consistency, and a willingness to learn and adapt. But the rewards? Oh, they are so worth it. Better health, greater financial security, and a deeper sense of control over your life.
So, why not start today? Lace up those runners and open up that Xero file. Your future self will thank you. And if you want a dose of motivation, give me a call. I am happy to bring in the big stick!
Stay 'Appy, healthy, and wealthy and keep striving for that balance.
If I've said it once, I've said it a thousand times. Where's the tax invoice?
