Try this quick exercise to understand how well your business is doing.
Elena Meskhi
Accountant & Tax Advisor for Digital Businesses| Owner & CEO of Elena Meskhi & Co.| Author| Professional Speaker | Investor|Virtual CFO
This week’s article will be a short overview of past articles within the Rewire4Success Series. In case you wanted to learn more about what we covered, click on the topic links you’d want to learn more about.?
I? began the Rewire4Success series by highlighting why you need to rewire your business. Within this segment, we discussed the main sign that business owners must notice and address immediately; which is overworking, overdoing, lack of task allocation to employees and lack of time spent with family and friends or on hobbies. If business owners find themselves in this tricky spot, we recommend they pause and assess the facts. There is so much that you as a business owner can do, and there’s so much your accountant could do for you to save your business.?
I then shared with you the most common 3 challenges that business owners face. I have come to this conclusion not only because I am a business owner myself, but also because I have worked with countless business owners over the years. These three key areas need to work together, once they do, your business will start working for you and not the other way around. If you are having challenges with your business, it’s likely that you have an issue with one or all of these key areas. These areas are Cash, Systems & Team.?
After that, I shared an interesting article that has hopefully put an end to all the myths about us accountants. I really enjoyed writing that article and I hope you found it entertaining. To sum up, we professional accountants can do much more than just numbers. We have business knowledge, marketing skills, and the ability to build a solid financial foundation that will protect your business from underlying challenges.?
Because there’s so much your accountant can do for you, you need to set the bar high. If you worked with a highly professional and well-experienced accountant, expect an unprecedented shift and elevation of your business to new heights. I do not recommend your relationship with your accountant be transactional. I support the ideology that accountants are the financial partners of their clients. They care about your being compliant, tax-efficient, and experienced enough to assist you in developing a solid business strategy.?
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Last Friday, we shared with you my six-step framework for financial freedom. I know that sometimes as business owners, financial freedom seems too far away because of the several challenges you may be facing. Nevertheless, financial freedom is an actionable process. I am delighted to let you know that I will be sharing more information about each stage in the framework within the coming weeks.?
I have developed an excellent, time-considerate test that will give you the initial steps to start rewiring your business for success! I encourage you to take the test and share with me what you think of it.?
Reach out to Elena Meskhi&Co for stellar accounting & tax-related services that will enhance the performance of your business.?
Smart Solutions for Successful People,?