Praise be to God almighty! Winter has finally loosened its cold grip on life and has allowed
Spring to poke its dainty foot through the door! Admittedly it has still been a little cool, BUT I have noticed that for some
time now the evenings have been getting lighter. When the clocks went
forward over the weekend I knew it was curtains for harsh, cold Winter.
How has 2016 been for you so far? Are you sticking to your
new year’s resolutions? Are you on your way to achieving any goals set at the
top of the year?
The end of March signifies the end of the first quarter of the
year, or "Q1" as most businesses refer to it. If you have been paying close attention
to business news, you will have noticed that many companies released a statement
of their Q1 results this month, and will do the same for Q2 (April to June) and
Q3 (July to September).
As the core principle of most companies
is to make a profit, these quarterly results will contain a detailed analysis of their earnings and other business performance measures.
Reviewing the year so far is so important as it is a good indication of how
the rest of the year will go (whether good or bad) if current trends continue.
It also presents companies with an opportunity to make any necessary financial
and commercial adjustments if necessary, so they can hit any targets they have
set for themselves.
Taking time to reflect every so
often is good for all of us, not just trading
companies. It may not be a financial analysis, but you can weigh
what you have acquired in the past three months and how it has added to your
value, be it experiences, friendships, knowledge or even a new attitude to
life.
It’s NOT an opportunity to lament
over resolutions already broken or things you haven’t done yet, but a time to celebrate
what you have achieved so far, and to take stock of any “adjustments” you may
need to make in order to put you back on the right track, if you feel you have
veered off it.
So, my question again, what are your Q1 results?