Are you making the money that you need Are you making the money that you need or want? or want?
Do you or your family deserve more?
Have you tried and it hasn’t worked? Have you tried and it hasn’t worked?
Do you want this year to be better?
“Why” are you in business?
How to Rock This Year
Discover 3 things Most Successful Discover 3 things Most Successful Business Owners have mastered
Find out 3 ways to convert your goals to Find out 3 ways to convert your goals to numbers
Learn the secret to making sure you make your goals this year
Discover 3 things Most Discover 3 things Most Successful Business Owners Successful Business Owners have mastered
Try Not to Try Not to Do Everything Do Everything Themselves
Owners think that each “to do” that is easy & will only take 5-10 minutes for them to do, they shouldn’t have to pay someone to do it, they can save money if they do it themselves.
Before they know it, they have “45” 5-10 minute jobs and the business has come to a halt waiting on these jobs to be done.
Business Revolves around 1 person
Afraid to spend money for someone else to do it, and it actually costs the company more in the long run
Owner should concentrate on things that others can’t do and they can
Even if it takes longer for someone else to do it, it still gets done
Don’t assume that you are the only one that is capable of doing the job
Have “Action Management” and Focus on Actions that Generate Dollars
“FIT” Failure to Implement
Focus on 7 things each day that generate dollars for the company
Monitor and follow up with employees, make sure that procedures are followed
What isn’t managed isn’t considered important
Easy to get caught up in “busy” work
Think before you do each task for a week and delegate as much as possible and focus on money generating activities
Need procedures to take advantage of opportunities
How many times have you attended seminars or purchased programs and not even broken plastic on packaging?
Need time-table of action
Get an accountability peer or partner
Accounting System Up To Date
Difficult to manage business without good information
You must have good information to make good decisions on a consistent basis
Can’t plan to reduce taxes if you don’t know the current bottom line
Can’t modify course of business without up to date information
Too much time is spent on recreating history and not enough looking and planning to the future
Use information to respond to marketplace
Most owners don’t understand debits and credits, but they don’t have to.
Taking a few hours to set up and learn software, can save hours and dollars later
If you don’t know where you are going, then any road will get you there
Find out 3 ways to convert your goals to numbers
Spreadsheet
Old fashion column pad
Excel Spreadsheet
Use history as starting point
Needs to be at least monthly
Modify for changes for this year
Accounting Program
Quickbooks has a function to allow for:
Entering all numbers individually
Increase each moth based on percentages
Take annual number and divide by 12
Business Plan Software
It is not just when you are thinking about starting a business, update every year
Financial section, walks you through asking questions about sales and expenses and creates the numbers based on the answers to your questions.
Learn the Secrets to making sure you make your goals this year
Put your budget into your accounting software
Run Reports monthly-put on calendar
Review them-put on calendar
Get input from advisors-put on calendar
Modify Budget as necessary and plan for
the future
Summary
You have an obligation to be successful!
Never forget “why” you are in business…
Be Smart and do what Successful Business Owners Do
Use 1 of the 3 ways to convert your goals to numbers
Follow the Secrets to achieve your goals and ROCK this year!
