Not everyone prioritizes a yearly check-up, but we all know preventive medicine is the most effective and lasting way to live a long healthy life. The same is true for your small business.
Bookkeeping can either be seen as a periodic check the box exercise or a chance to truly evaluate how well your business is performing – on an ongoing basis.
How are all the organs functioning?
What’s the current read on the heart of your business – income and profit?
How well are the lungs of the business – the service or goods you provide – serving your customers and in turn, you?
Does your business need an infusion of new support staff to help you grow and operate at the highest levels of effectiveness? If yours is a service-oriented business, what kind of experience are your customers having? Is there an investment opportunity to improve customer satisfaction? If yours is a goods oriented business, what improvements or enhancements can be made?
Do you have space to source an infusion of cash to invest in an opportunity to expand reach in the community? If your business has a physical presence, is there another location that would serve effectively the community?
Yet unlike a health check that calls for an annual look, small business accounting is rich with ongoing opportunities to look at the whole picture of the business and make micro adjustments along the way. What are the opportunities for making small business accounting tips work for you? Do you have strategies and plans for cash-flow, investment, and expense reduction? What fundamental mindset shifts are needed to make sustained health and prosperity a priority for you and your small business?
Bookkeeping is one of those things that can be learned over time and done at a minimal level of proficiency or treated with the depth and breadth of an expert. As with any area of expertise, the more researched and experienced, the more strategic and effective your small business accounting can be for you.
At Clem Collaborative, we integrate the form and function of bookkeeping activities with strategic, high-level knowledge of financial wealth-building experts. Because getting in to check your vitals, is a prime opportunity to notice areas of growth for income and areas of weakness for expenses.
Is your business hemorrhaging money? There are easy changes that you can make with your expense tracking system to quickly triage and correct any bleeds.
Is your business losing steam? Is your small business accounting system evaluating revenue streams and getting clear on where the business is not performing optimally? Are you receiving solid information to make confident choices on where to retool or redirect your energies? These questions are like the ‘supplements’ that can help give your business the boost that it needs.
Once you’ve got a sense for the vitals, you can better assess and attend to ongoing growth opportunities. Strategic financial planning can also be an integrated exercise after an initial assessment. This will help you put systems in place that flag periodic evaluation so you’re free to make conscious choices. Choices empowered with information about your business performance.
At Clem Collaborative, it’s important to us that each client feels like our only client. This is why we sit down with you at the beginning of our partnership to assess the vitals of your business, develop a strategic plan for wealth building based on your financial goals, and begin an ongoing dialogue to make minor adjustments along the way to keep you on the path of healthy growth.
Clem Collaborative serves clients with more than 50 years of combined small business accounting experience. We’re passionate about numbers, but even more so about the people who care about those numbers. Read a little about who we are on our about the team page.
If your business has more potential than what its current growth chart indicates, we’d love to talk with you. Call us at 843.214.2747 or set up an appointment online. Unlike a health care appointment, there’s absolutely no “co-pay” or obligation of any kind. The question is, what do you have to lose?