Take time to tune-up your accounting practices with these tips:
Maintaining your accounting practices, ensuring that you account for every dollar coming and leaving the business will help you operate your business more effectively and efficiently which will increase your bottom line.
One of our clients contacted us with a big problem...lack of productivity of their small business (total of 6 employees). We quickly evaluated the organization:
So what is the problem????? [Head scratch]
Here is what we observed - Employees were meeting 4-6 hours a day (except on Fridays), often with the business owner to discuss "business". No meeting was less than one hour!!!!
Meetings with employees are important to any business if they are focused on the value they provide. We've seen several clients caught up in the "meeting circle". Before you call a meeting, consider:
Here is our meeting schedule:
This format averages 6 meetings a week requiring less than 1.5 hours a week on average. Productivity stays UP!!!!
"I see your posts about websites and small business methods show up on a private investigators listserv. Why is that?"
Well, some of our clients are private investigators. For private investigation companies, having a website is a must, just like other companies. Second, private investigative firms are primarily small businesses. Let's consider:
Small Business Aspects
Some of the factors that are critical to the success of our private investigative clients is that their web pages are maintained regularly - a simple diet of updates, minor changes that let people know they are alive and well. Most importantly, our private investigative clients are small business owners. They have to consider the business aspects of their firms, as much as they work their investigations.
We talked with a few small business owners that are successful. Here are some common terms we heard them use in one form or another:
From our observations we identified some common traits among these successful small business owners:
We cannot tell you if these traits alone will make you successful. It appears that to be successful you must have an attitude to accept failures, be determined, and expect to invest time and patient in your venture.
Strategic planning for business is a method that has been used for decades. Large corporations invest a lot of time and a lot of money in developing their strategic plans. For the small business owner, the good news is it doesn't take money, it only takes a little time.
Strategic planning is simply thinking ahead of where you want your business to be in several months and a few years. With this plan in mind, you can make decisions today that will help you reach those short and long term plans, or goals.
Simple Strategic Planning Method - "PB&J Method"
Strategic planning is not complicated. We recommend that you keep it simple. Think what you want to accomplish, then identify when you want to accomplish it. Once you have an approximate date, then work backwards thinking through the steps you need to complete to reach your accomplishment, or goal. Let's look at a simple, silly example:
Goal: Have a peanut butter sandwich on Friday for lunch (assuming it's Monday)
Strategic planning for small business owners is really that simple -- Think ahead, then work backwards identifying the steps that need to be accomplished toward reaching your goals and set a deadline or schedule for accomplishing those goals. Using the deadlines you can stay on track to reaching your goals.
Use the same simple method in two primary areas; Long and Short term plan development.
Now that we know the method, let's look at strategic planning which consists of short and long term planning.
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950 Eagles Landing Pkwy, Suite 422
Stockbridge, GA 30281