It All Adds Up!

Many business owners have their roots in corporate America. All you have to do is ask at a networking session, “How many of you have come from corporate?” The collective number of individuals following their passion after an economic downturn is stunning. Everyone is hard at work growing from the reinvention.

The ingredients of business growth are numerous in count and often time consuming. Many business people do it all. Filing, marketing, selling, paying bills, invoicing, networking is all handled by one single individual. Many of these owners need some support and help. With filing, it does seem simple enough. The pile of business paperwork builds up over the month, and on the 30^th or 31^st, they spend an afternoon sorting, invoicing, paying and tossing. Next month it happens all over again.

An afternoon taken up filing means that the owner is not out there growing business, building strategic and referral partners, and seeking opportunity. Every business owner is worth their salt “by the hour“.  Getting an assistant seems like a great idea but the business person  often considers it for way down the road.

One critical aspect of business that has to be addressed quickly and efficiently is the accounts payable and receivable. The life’s blood of any organization is cash flow and payment scheduling. It all adds up! Honestly, small business needs quality and cost effective bookkeeping and accounting. It is a must for success.

At AABS Inc, we handle that role for you. With specific experience in business activity our function is to partner with your key goals and objectives save you both time and money.

We are professional, local and cost effective.

 IRS and State Representation, Senior Care Services, Small Business Bookkeeping, Tax Return Preparation, Quick Books Setup, plus the proper Training and Support.

www.aabsinc.com

Melissa@aabsinc.com

Photo Credit: dwmbeancounter.com

Bringing everything into focus

So remember yesterday when Igave then analogies of driving home after quitting your job. You had a focus or purpose; it was to go home to your family. So what is the purpose of Starting you own business.

Ok Now answer this >>>>>> is it a goal or desire to have your own business. What is the difference?

A goal is something you can accomplish on your own. You make the effort, plans and decisions to see the final result.

A desire is the end result with the help of others in conjunction with your goal.

Example: a marriage. Many people when they get married have a goal to have a long lasting marriage. Can you do this by your self?  NO! you need the help of your spouse. However being a good wife or husband is a goal. You have control of that part of the marriage which in turn gets you to the desire.

PUT YOUR IDEAS GOALS AND DESIRES INTO FOCUS,

( before you begin to work on your business plan)

What is your desire?

What Is your Goals?

Where do you want to be in 1 year?

5 years and 10 years?

Take some time to really think this thru. Take it from me I did this all backwards and recreating your business focus after 10 years is a real pain in the a@#.

My desire is to have a successful business consulting firm, specializing in QuickBooks reorganization /forensic research, and accounting back office procedures.

My goal is to secure the education needed. Getting my Enrolled agent license and business certifications to achieve the above desire.

WHAT IS YOUR OVERALL PURPOSE

As with your personal life your business life has 8 areas in which success is determined. Many people just jump into the meat of the business and forget the foundations And Foundations is the strong hold of everything. Would you step on a deck that had a pour foundation? How a bout  a relationship with no secure foundation. or go to the top of a building that you knew the foundation was week.

So if the answer is no to these questions, why would you start a business with a weak foundation:

• Intellectual
• physical
• Emotional
• Financial
• Social
• Spiritual
• Family
• Career

I bet you are saying to your self what is she talking about. I thought we are starting a business not self improvement.

Let me tell you from experience Starting and running a business is YOU……You have to figure out how ever aspect of your life will come into play with your business goals and desires.

Now take a good look at the list above. Take 8 pieces of paper and make two columns on each. Lable one personal and the other column Business.

Make a short statement for each category.

I will explain later this exercise.

Do it Trust me you will see the benefits very soon.

What am I thinking Starting my own Business!!!!!

OK Now you want to start out on your own.  You turned in your resume, handed over your keys, gotten into the car and driving down the open road.
Then it hits you what the H*$& am I doing.
Where am I going to get the capital?
How am I going to get Clients?
Where am I going to Hang my shingle?

This not going to be another how to blog. This is going to be the journey I discussed earlier. I have read countless books, Blogs and seminars to fill a the back of a pick up truck.
However after reading, highlighting and deep thought There are is a common method out lined in many of these books. Yes each book disguises them differently, plays around with the words, action but the core ideas are still there.
Over the next few days and even weeks we will discover these simple rules. So simple you can put them on a poster board and pin them to your wall to view them ever day.

I am not just another blog researcher and writer I am small business owner myself, running a consulting business out of my home.
I will share what I have learned and good and bad. As well document my success and failures.
I want you to follow along and share your thoughts as well.

We will discuss or should I document  the following

1. Planning your Strategy
2. Setting Shop
3. Time Management
4. Do I really need that
5. How do I price myself
6. Clients!!! How do I get CLIENTS
7. Bookkeeping
8. Cash Flow/Financial Management
9. Growing Is this a good thing?