M is for Measurable

Paula Veysey-Smith • 31 May 2026

You've made your goal specific. Now how do you know you're actually getting there? The answer is in the M.

"The more you can define your goals, the more likely you are to achieve them."

Last time we looked at S for Specific — turning vague wishes like "I want to get fit" into something concrete and actionable. If you missed it, go back and start there, because everything builds on that foundation.

Now we move to M for Measurable. And this one is just as important, because a goal without a measure is still just a wish.

Why Measurement Matters

I'm training for a triathlon in July. Last week I was on the bike, this week I've just finished a 5K run — actually one of my best in a long time. And that's the point. I know it was one of my best because I'm measuring. Without that, it's just a run. With it, it's progress.

A goal of "I want to get fit and run a 5K" gives you two things: the goal itself and something to measure. That combination is powerful. It doesn't just tell you where you're going — it shows you how you're getting on along the way.

The Problem With Unmeasured Goals

If your goal is "I want to get fit," how do you know when you've achieved it? You don't. There's no moment where you can say "yes, I did it." Without measurement, goals fade — not because you gave up, but because there was nothing to track, nothing to celebrate, nothing to course-correct against.

Measurement keeps your goal alive.

Measurement in Action

Take a business example. Say your goal is to engage 10 new clients in six months. Straightforward, specific — and now you can measure it.

Break it down and suddenly you know you need roughly one new client per month. Now ask yourself: what happens if you get to month three and you haven't landed a single one?

That measurement gives you two choices:

Review the target. Was six months realistic? It's easy — especially for the ambitious among us — to set targets that stretch a little too far. Measurement tells you that early enough to adjust.

Review the strategy. Are you actually reaching the places where your potential clients will find you? Are you doing the right things, or just the familiar ones? Without measurement, you'd never know there was a problem until it was too late.

Milestones: Targets Along the Way

One of the most powerful things measurement does is allow you to set milestones — smaller targets on the road to the big one.

In training, I'm not just thinking about the triathlon finish line. I'm thinking about where I need to be in four weeks, in eight weeks, in twelve. Each milestone is a check-in, a chance to see if the plan is working and adjust if it isn't.

The same applies to any goal. Whether it's weight loss, business growth, or a personal challenge — build in moments to measure, review, and recalibrate. Your goal stays alive, stays relevant, and you stay motivated.

Your Turn

Take the specific goal you wrote after reading part one. Now ask:

How will I know when I've achieved it? Define what success actually looks like in numbers, dates, or clear outcomes.
What does progress look like along the way? Set at least two or three milestones between now and the finish line.
When will I check in? Put a review date in your diary right now. Measurement only works if you actually look at the numbers.

The Takeaway

Specific tells you where you're going. Measurable tells you how you're getting there. Together, they turn a goal from something you hope might happen into something you can actively work towards, track, and achieve.

Keep measuring. Keep adjusting. Keep going.

Next in the series: We look at A — Achievable. Ambition is good. But there's a fine line between a stretch goal and one that sets you up to fail. We'll show you how to find it.

S is for Specific

by Paula Veysey-Smith • 3 May 2026

Your New Year’s resolutions haven’t failed, they just need a sharper edge. Here's how one simple shift can change everything. “We make New Year's resolutions — let's call them goals. But they can be a bit vague. The way to make them happen is to actually define them better.” It's that time of year when those bold January intentions have quietly faded into the background. "Get fit." "Lose weight." "Grow my business." Sound familiar? You're not alone — and more importantly, you haven't failed. Your resolutions just need a better framework.

MTD for Income Tax Is Here: What It Means for You

by Paula Veysey-Smith • 13 April 2026

HMRC’s new system Making Tax Digital for Income Tax Self-Assessment has now arrived! This isn’t just a regulatory update. It’s a shift in how your records are kept, how often you report, and what you will need to do throughout the year. What’s changing for you: Under MTD for Income Tax, if you’re a sole trader or landlord within scope: You’ll need to keep digital records Quarterly updates will need to be digitally submitted to HMRC An End of Period Statement (EOPS) will need to filed A Final Declaration will be needed to finalise your tax position for the year In short: instead of one annual deadline, your tax reporting becomes a year-round process. Why using compliant bookkeeping software is now essential? To meet MTD requirements, HMRC requires fully digital record keeping and submissions . Manual spreadsheets alone are no longer sufficient You’ll need to use MTD-compliant bookkeeping software Sending your accountant paper records or incomplete information will cause delays The upside (it’s not just compliance) While MTD is mandatory, it also brings real benefits: Clear visibility of your tax position throughout the year Better cash flow planning Fewer surprises at year-end What support do you need to navigate this new system? The support of qualified accounting professionals is now more necessary than ever. We don’t expect you to navigate this alone and here’s how MPower Accounting can ensure that you not only comply with, but thrive under, this new reporting requirement. We’ll help you choose and set up the right software We work with trusted platforms such as Xero, QuickBooks, FreeAgent and others. We’ll recommend what fits your business best and get everything set up correctly. We’ll ensure you stay compliant Review your records regularly Submit your quarterly updates accurately and on time Handle all year-end submissions We’ll take the stress off your shoulders With the right system in place: Your records stay up to date automatically We can spot issues early You avoid last-minute pressure and surprises All we’ll need from you to make MTD work smoothly, is access to your chosen bookkeeping software, regular uploaded receipts so we can keep records current and a little of your time when there are questions. The more up-to-date your records are, the more value and proactive advice, we can provide. Your role is simple but important. Letting us take the strain of compliance will save you time and cause significantly less stress, enabling you to focus on what is important, that is running your business successfully. Next steps If you haven’t already: Speak to us about getting set up on MTD-compliant software Let us review your current bookkeeping process Make sure you’re ready for quarterly reporting

Why Cheap, Outsourced Bookkeeping Could Cost Your Business More

by Paula Veysey-Smith • 24 March 2026

When choosing an accountant, it’s natural to be drawn to lower fees. However, if your accountant outsources bookkeeping, especially overseas, it can lead to hidden risks, poorer service and long-term costs for your business. Here’s what you need to consider: Service Quality May Be Lower Higher risk of errors, misclassified transactions, and inaccurate reports Bookkeeping completed less regularly, usually only at key deadlines, eg, VAT quarter No dedicated bookkeeper which can be contacted Less Ongoing Support Little to no ongoing support from UK based accountant Less control and oversight from your accountant Slow response to queries and issues taking longer to resolve Cheap Fees Can Lead to Higher Costs You may pay more later to fix errors or redo work Risk of fines or penalties due to late or incorrect filings Your time being wasted with identifying errors and chasing a response Impact on Your Business Inaccurate financial data makes it harder to make confident decisions Delays can affect cash flow planning and reporting deadlines Frustration and lack of trust in your financial information and accountant What to Look For Instead Accountants who have UK based in house bookkeepers Clear communication and quick response times Consistent, reliable handling of your financial records Continued support and advice through the whole year Key Takeaway The cheapest option isn’t always the best value Investing in quality bookkeeping saves time, reduces risk, and gives you peace of mind The MPower team is proudly based in the UK, with every member carefully selected for their expertise and experience. Our role goes beyond simply completing bookkeeping tasks—we provide valuable insights and practical suggestions based on your financial data. We believe in building strong, partner-like relationships with our clients. That means we’re here for you all year round, whether you have a quick query or need deeper insight from your numbers to support better business decisions. We have welcomed many new clients to our portfolio who, initially enticed by the cheaper rate, have become disillusioned and disappointed with their existing out-sourcing accountants. Understanding that cheap is not the best option, they have thrived with the support and availability our team provide. Choosing the right accountant is about more than price, it’s about ensuring your business has accurate, timely financial information you can depend on and the support of an accountant who is readily available, at any time of the year. This is the service that MPower strives to provide, to any and every client!

Woman in blue sweater smiles while working on laptop at desk with headphones.

New Year Resolutions for a Stronger and more Successful Business

by Paula Veysey-Smith • 5 January 2026

As accountants, January is when we see optimism at its highest and inboxes at their fullest. A new year brings fresh energy, new goals, and the promise that this will be the year that your business really moves forward. But as the month moves on and realities hit, the elation and determination to press on with these new goals starts to fade and often die completely. The difference between a resolution that sticks and one that doesn’t is simple: clarity , practicality , and consistency . So instead of vague promises like “earn more” or “work less,” here are some realistic New Year’s resolutions that can genuinely help you build a stronger, more sustainable business. 1. Get Clear on Your Numbers (Not Just Your Turnover) One of the most powerful resolutions you can make is to truly understand your financial position. Turnover alone doesn’t tell the full story. Profit, cash flow, and margins matter far more. Ask yourself: Which services or products are most profitable? Where is cash getting stuck? What costs could be reduced without harming quality? Commit to reviewing your numbers monthly, not just at year-end. Confidence grows when decisions are backed by facts, not guesswork. 2. Improve Cash Flow, Not Just Sales Many businesses fail while still “making money” on paper. Cash flow is the lifeblood of your business. This year, resolve to: Invoice promptly and clearly Review payment terms Chase overdue payments consistently (and professionally) Small changes here can dramatically reduce stress and give you more freedom to plan ahead. 3. Price for Value, Not Fear A common issue I see is business owners under pricing, and resisting rate increases, because they fear losing customers. The result? Long hours, high pressure, and limited reward. A strong New Year resolution is to: Review your pricing Understand your true costs Charge in line with the value you deliver The right clients respect fair pricing. Better pricing attracts better clients. 4. Build Systems That Save Time If everything depends on you or a small team, your business will always feel heavy. Systems create breathing space. Resolve to: Document key processes Automate where possible Use software to reduce manual tasks Time saved can be reinvested in growth, strategy, or simply enjoying life outside the business. 5. Invest in Support (You Don’t Have to Do It Alone) Whether it’s professional advice, bookkeeping support, or mentoring, the most successful business owners know when to ask for help. This year, consider: Delegating tasks that drain your energy Seeking advice before problems escalate Surrounding yourself with people who both support, and challenge, you Support isn’t a cost—it’s an investment. 6. Protect Your Energy and Wellbeing Burnout helps no one. A business that relies on exhaustion is not sustainable. Make a resolution to: Set realistic boundaries Take proper breaks Define what “success” looks like for you, not just your business A healthy business owner makes better decisions and builds stronger businesses. Final Thought New Year’s resolutions don’t need to be dramatic to be effective. Small, intentional changes, applied consistently, create the biggest impact over time. This year, focus less on perfection and more on progress. Build a business that supports your life, not one that consumes it. If you’d like help turning your resolutions into practical actions, contact us NOW —it’s one of the smartest business decisions you can make. At MPOWER we work with business owners to provide clear direction from the numbers and strategies for success. Here’s to a calmer, clearer, and more confident year ahead.