Home > Uncategorized > It’s tax week – strategy is out the window!

It’s tax week – strategy is out the window!

I spend a lot of time reading, thinking, writing and talking about strategic thinking. That’s what happens when you become an expert in something, isn’t it? You spend more time than most other people on that topic, therefore you know more about it. It’s not rocket science. Everything I read about experts suggests that you also must role-model your topic. So for instance, if you are advising others about wealth creation, it adds significantly to your credibility if you are actually wealthy yourself. If you are an expert in organic food, there’s an expectation that you personally buy and eat organic food. You get the picture?

So as I specialise in strategic thinking, it is reasonable to suggest I ought to think strategically myself. By and large, I naturally do – though that’s not to say I don’t notice detail, nor that I always spot opportunities or risks. However I normally do better than this week.

This week is tax week. GST and Income tax all due together! This week strategic thinking has gone out the window. I raced into my bank account and robbed the savings account to pay the tax. Yes, I have an account especially for tax that is supposed to cover it, but it never does quite. Especially when two lots are due at once! So this week there’s no future view, it’s just find the money and pay up. This must be why they say ‘Cashflow is King’.

Does that mean strategic thinking is no use when there’s a short-term crisis? Well yes, actually – in the midst of the crisis is not the time to be doing your strategic thinking, even if you specialise in it. At that stage, it’s survival mode and the focus is very much short-term. However, if there’s been some decent strategic thinking and planning going on, much will be planned for and there will be responses ready. The point of strategic thinking and planning is to help minimise the knee-jerk reactions.

So back to my tax account – guess I better up the automatic payment…..

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