Page 17 - Dainfern Precinct Living Issue 4 May 2024

BUSINESS Today's Child

and software, rent, and anything else on your strengths, or are you costing • having a limited positive impact on the
that is not directly attributed to the cost yourself a strong personal brand and world,
of goods sold. Some operational costs being influenced rather than being • compromised relationships with family
are a wise investment while others can influential? and friends.
be frivolous and ill thought out. • Are you investing time to reflect
on your personal career goals and For a long time, I think I looked at the
What are your career operating ambitions and connect with what's gross profit of my career and convinced
expenses? important to you or do you cost yourself myself that a good salary and the
How are they adding or stripping away time and money pursuing what others, opportunity to expand my portfolio of
value from your overall bottom line? (perhaps with all the good intentions experiences was enough. And for a long
in the world), think you should study or time it was enough!
My view is that your operating expenses do?
are choices that you make about where But at some point when I started to
you invest your time and money in your NET PROFIT OF YOU examine my operating profit and finally
career: looked at my career net profit, I realised
• Are you investing in building PTY LTD that, even though I might have had a
relationships and your personal board What is the equivalent of tax in the very comfortable gross profit, by the time
of directors, or do you cost yourself the business of being you? What erodes your I got to the net profit, I was making a
advantage of a diversity of perspectives net profit? loss.
and a network that you can leverage How high are the taxes in your career?
when you need to? Only you can decide if your career is
• Are you investing in your ability to From my perspective, career tax making a profit or loss. If you are truly
advocate for yourself and earning a includes: managing your career as a business,
voice at the table or do you cost yourself • an unconstructive level of stress, don't make the mistake of solely looking
opportunities by remaining quiet? • the real potential for burnout, at profitability from a gross profit
• Are you investing time in • misalignment between personal and perspective. Consider the net profit and
understanding your personal value company values, decide whether what you’re doing is
proposition, working to and building • loss of meaning and purpose, consistent with your goals.

Gross and

net profit are not

the same. One

can cause you a

huge loss

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