It’s OK to be Lucky, But, it’s better to be Smart

So, you’ve been in business twelve years and you’ve been listening to your gut the entire time and everything seems to be going along just fine …

And every time you talk with your accountant, you come away more baffled than before … right?

Hesitantly, you recognize that you have always had a good business sense – which is why your business is more than ten years old.

In addition to your accountant, there’s an inner voice that keeps telling you to “be more on top of things.”

But, the long and short of it is, up to this point in time you have been quite lucky.

You are not alone: ?Take comfort in knowing you’re not alone with your approach.

However, running your business by the seat of your pants lasts only so long.

Let’s assume that you accept that premise. That is, you know you need to have a more timely and thorough way of keeping your books. However, being your own bookkeeper just isn’t something you enjoy doing.

So, what can you do?

Assess Your Strengths & Weaknesses: Sit back and think about which part of your business you really enjoy doing. What is the second part of your business that falls in that category?

Now, let’s flip that self-assessment coin over and think about the part of your business you really hate doing. Whatever part of your business that falls into this category is an activity that you need to hire someone with those strengths or outsource the activity.

By doing this self-assessment, you will start to feel in more control of your business. You will also begin to feel smarter about how you run your business.

Be prepared for success: Someone once said “Overprepare, then go with the flow.”

I strongly recommend thinking, and acting, that way!

How can I reach that level of preparedness?” you might be asking.

Review your strengths and weaknesses. Build on your strengths. Hire an employee or outside service provider who has strengths where you are weak.

For example, if one of your areas is bookkeeping, there are dozens upon dozens of virtual assistants throughout the country.

Spend a few minutes searching the Internet for those types of firms.

Take Classes – In Person or Online. There might be nearby community colleges and/or trade schools that have classes about topics you wish to learn more about. Additionally, there are dozens of online courses available at (comparatively) little to no cost.

For that matter, if you have the time and finances to do so, consider earning a BBA (Bachelor of Business Administration) or MBA (Master of Business Administration) degree.

Find a mentor. Reach out to SCORE (Service Corps of Retired Executives) which is an excellent resource throughout the country for knowledgeable business guidance. You can even consider retaining a business consultant or coach.

For that matter, someone you already know has been a successful business owner for many years could be an ideal mentor for you.

Increasing your awareness about all aspects of your business is the smart thing to do.? Good luck!

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