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#1 – Teamwork makes the business work.
Having a loyal and talented team is crucial to the success of your business. It may take a while, but seek out the best talent in your industry to build a diverse, skilled and dedicated team who believes in your vision. Your team is more than just your in-house employees. Your business team is also every third party that you work with in order to operate your business; choose wisely.
#2 – Customers are Kings and Queens.
The adage “customer is king” is never going away. Especially in today’s climate of the internet knows all anyone can go directly there to gripe on just about anything, so it’s more important than ever to make sure that every single customer interaction is handled with pristine care. Your customers need to feel that they are important and special and expect speedy and superior service that their money is buying. Listen to what they are asking for in order to help dictate your future.
#3 – Delegate, delegate, delegate.
Small businesses need a lot to thrive and small business owners cannot possibly do it all, even though we try to. What are your pain points? List out all of the things that you would rather either delegate to a team member or hire an expert for. Would you prefer to not worry about your bookkeeping for example? Find a trusted, local partner that you can meet in person with to step in and take over the business tasks that hold you back from creating and discovering new ways to make your business thrive.
#4 – Talk is not cheap when it comes to your business.
Are you searchable on Google? Give it a try. Where do you come up? This is one of the most important tools that every small business can leverage for free on the internet. If you haven’t already, sign up for Google My Business and start reaping the benefits of free SEO on the wild wild west of the internet. Locally, tap into your business associations, networking groups and industry events to network and get your name in front of prospective business partners and customers. Networking is NEVER going away, embrace it and let the power of people connections move you forward.
#5 – Always go back to why you started.
You are an entrepreneur! Someone who was brave enough to go out on your own, follow your dreams and start a business that you knew would solve a problem, fit a need, and allow you to do the work that brings you joy. But, some days it’s hard to remember WHY you started because, let’s face it, being a businessperson can be tumultuous. Stay focused on why you started your business, revisit your business plan and talk to people in your mastermind circle, the group of people who believe in you and your business and provide guidance. These people can be mentors, peers, family, friends and other positive and objective people.
We hope that you like our ‘5 Small Business Pro Tips to Make Your Business Successful Today’ and that you come back to our blog for more information about how to make your small business thrive.
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Most people think that Accounting and Bookkeeping are one in the same but there are major distinctions. Bookkeepers oversee the recording of financial transactions while Accountants are responsible for interpreting, classifying, analyzing, reporting and summarizing financial data. Read on as we break-down the differences between these two roles and how they can work together for your business.
Bookkeepers tend to the first important step of the accounting process = Recording financial transactions in chronological order on a daily basis. Bookkeepers record your business’s daily transactions and generate data, in the same way, every time in a cyclical and transactional method.
Because accounting software automates many of the processes, some bookkeepers in small organizations also classify and summarize financial data in financial reports. These bookkeepers are often referred to as Full-Charge Bookkeepers.
Accountants analyze financial transactions in financial statements and business reports following accounting principles, standards and requirements. Accountants verify and analyze and interpret financial data in a subjective manner in order to a make sense out of your data and report the financial condition and performance of your business to company leaders to help them make informed business decisions.
Let's break it down even further.
record purchases, receipts, and payments
balance the general ledger
generate financial statements and reports
analyze the cost of operations
file income tax returns
advise business owners
Whether you are just starting off or have been in business for some time, it's best to have both a bookkeeper and an accountant to help you manage and navigate unexpected issues that may arise. Learn more about our Bookkeeping Services on our services page. It's one less thing that you as a business owner have to worry about.