INTRODUCTION:
If business feels lonely, get yourself a good advisor who can help you along the way and be a great sounding board.
Most small business accountants will not be able to be the trusted advisor to provide good advice when things get tough if they don't understand your business.
Those that can sit down with you and go through with your objectives and aspirations in business, will be more likely to give you the shoulder you need to lean on. To get the most out of your small business accountant, follow these few tips.
Figure 1: Dan Peek wrote a song for lonely people - no doubt with small business in mind!
1. Establish Your End Goal
Imagine your business is a game of football or cricket and you are trying to win the game. Knowing what your preferred end result will be the object of success. What does your business look like now but what will it look like when you decide to get out? A business by design is much better than a business by default.
Figure 2: These men had a goal and vision for Dubbo with a magnificent community result!
2. Get A Business Plan Formulated
With the end in mind, work backwards to determine what parts of the jigsaw puzzle you need to put together to get the picture of your success.
We are strong proponents of Verne Harnish's One Page Strategic Plans. Consider getting help to get these formulated.
3. Action Plan Who, What & When By
Become very focussed and jot down the actions required by your business plan.
Who is going to do what and when does it need to be done by?
Discipline, discipline, discipline!
4. Meet Your Small Business Accountant Regularly
A great relationship with your small business accountant means regular contact.
The best small business accountants Sydney and Dubbo discuss with with their clients on a monthly or quarterly basis and compare results to targets. Be sure to go over the points that many successful business owners discuss with their advisors.
CONCLUSION:
You needn't feel lonely in business. If you do, chances are you are not getting the advice you need to increase profits and cash flow. To get the best advice though, you must have a plan and follow through.
Discussions with your advisors will then become much more meaningful and worthwhile.