{"id":10873,"date":"2024-06-14T03:58:43","date_gmt":"2024-06-14T03:58:43","guid":{"rendered":"https:\/\/economicherald.net\/?p=10873"},"modified":"2024-06-14T03:58:43","modified_gmt":"2024-06-14T03:58:43","slug":"why-the-end-of-financial-year-is-the-perfect-time-for-a-life-audit","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10873","title":{"rendered":"Why the End Of Financial Year is the Perfect Time for a Life Audit"},"content":{"rendered":"<p>As the end of the financial year (EOFY) approaches on June 30, it\u2019s a critical time for businesses to balance their books and a unique opportunity for individuals to reassess their life choices and set new goals.<\/p>\n<p>Renowned Australian life coach and executive mentor Jacob Galea, CEO of GCORP Advisory, shares his insights on making the most of this period to work better and smarter in the upcoming financial year.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Why EOFY is the Perfect Time for a Life Audit<\/strong><\/h2>\n<p>The EOFY is a natural checkpoint for reviewing the past year\u2019s achievements and shortcomings. \u201cJust as businesses conduct financial audits to ensure their operations are on track, individuals should use this time to conduct a personal life audit. Reflecting on what worked and what didn\u2019t, can pave the way for setting new, more aligned goals,\u201d Galea said.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>How Business Owners Can Make the Most of EOFY<\/strong><\/h2>\n<p>For business owners, the EOFY is not just about taxes and finances. It\u2019s a strategic moment to reassess business operations, employee performance, and personal leadership styles.<\/p>\n<p>Galea suggests, \u201cTaking stock of where your business stands and identifying areas for improvement can set the tone for a more productive and fulfilling new financial year.\u201d He advises business owners to leverage this time to strategise and implement changes that can lead to significant growth.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>New Financial Year, Same You? A Life Coach\u2019s Tips for Becoming Unstuck<\/strong><\/h2>\n<p>Many individuals find themselves stuck in a routine, making achieving personal and professional growth challenging. Jacob Galea provides practical tips for breaking free from stagnation:<\/p>\n<p><strong>Set Clear Goals<\/strong>: Define what success looks like for you in the new financial year.<br \/>\n<strong>Prioritise Well-being<\/strong>: Incorporate wellness practices into your daily routine to maintain balance.<br \/>\n<strong>Embrace Change<\/strong>: Be open to new opportunities and ready to adapt.<br \/>\n<strong>Seek Support<\/strong>: Consider working with a coach or mentor to stay accountable and motivated.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Thinking That Leads to a Million-Dollar Year<\/strong><\/h2>\n<p>Jacob Galea shares, \u201cThe first rule of business is to stay in business. What will you do in the next financial year to avoid standing still? What is your thinking that leads to a million-dollar year?<\/p>\n<p>\u201cPeople often say, \u2018If you don\u2019t monetise it, you don\u2019t get to keep doing it\u2014it stays as a hobby.\u2019 So, how do you monetise your idea and take it to the next level?\u201d<\/p>\n<p>Galea emphasises the importance of strategy and execution: \u201cUnderstanding the right steps and implementing them effectively can transform your goals from dreams into tangible success.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Transforming Goals into Success<\/strong><\/h2>\n<p>One of Jacob Galea\u2019s clients, a small business owner in Brisbane, has been using Galea as a mindset coach for the past three years. In the first year of being mentored by Galea, the business increased revenue ten times. \u201cRealistically, I don\u2019t know why you wouldn\u2019t use a mindset coach. Even the best in the business have external support to make them better. Coaches help you see things differently and to make sure they open your blind spots. They help keep you focused and pointed in the right direction,\u201d he said.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Industry Insights: The Growing Demand for Life Coaching<\/strong><\/h2>\n<p>The global coaching industry market size was worth $5.34 billion in 2023 and is estimated to grow to $6.25 billion in 2024. With over 109,200 life coaches worldwide, this represents a 54% increase from 2019. Notably, 43% of people have used a life coach in the past, and 22% are likely to use one in the future, highlighting the increasing reliance on professional coaching for personal and professional growth.<\/p>\n<p>\u201cStarting the new financial year with a fresh perspective can significantly impact your productivity and overall happiness,\u201d said Galea.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Jacob Galea a Stockhead advertiser at the time of publishing. <\/em><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/aftermarket\/why-the-end-of-financial-year-is-the-perfect-time-for-a-life-audit\/\">Why the End Of Financial Year is the Perfect Time for a Life Audit<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>As the end of the financial year (EOFY) approaches on June 30, it\u2019s a critical time for businesses to balance their books and a unique <a href=\"https:\/\/economicherald.net\/?p=10873\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10874,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=10873\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"As the end of the financial year (EOFY) approaches on June 30, it\u2019s a critical time for businesses to balance their books and a unique [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=10873\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T03:58:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Why the End Of Financial Year is the Perfect Time for a Life Audit\",\"datePublished\":\"2024-06-14T03:58:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873\"},\"wordCount\":670,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=10873\",\"name\":\"Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg\",\"datePublished\":\"2024-06-14T03:58:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=10873\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10873#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why the End Of Financial Year is the Perfect Time for a Life Audit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=10873","og_locale":"en_US","og_type":"article","og_title":"Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald","og_description":"As the end of the financial year (EOFY) approaches on June 30, it\u2019s a critical time for businesses to balance their books and a unique [more...]","og_url":"https:\/\/economicherald.net\/?p=10873","og_site_name":"Economic Herald","article_published_time":"2024-06-14T03:58:43+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=10873#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=10873"},"author":{"name":"","@id":""},"headline":"Why the End Of Financial Year is the Perfect Time for a Life Audit","datePublished":"2024-06-14T03:58:43+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=10873"},"wordCount":670,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=10873#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/06\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=10873","url":"https:\/\/economicherald.net\/?p=10873","name":"Why the End Of Financial Year is the Perfect Time for a Life Audit - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=10873#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=10873#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/06\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg","datePublished":"2024-06-14T03:58:43+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=10873#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=10873"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=10873#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/06\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/06\/GettyImages-1149306830-1-1200_x_675-apAar0.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=10873#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Why the End Of Financial Year is the Perfect Time for a Life Audit"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/10873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10873"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/10873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/10874"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}