Plan to Rock This Year

 Plan to Rock This Year

  • Why should you?
    • Are you making the money that you need Are you making the money that you need or want? or want?
    • Do you or your family deserve more?
    • Have you tried and it hasn’t worked? Have you tried and it hasn’t worked?
    • Do you want this year to be better?
    • “Why” are you in business?
  • How to Rock This Year
    • Discover 3 things Most Successful Discover 3 things Most Successful Business Owners have mastered
    • Find out 3 ways to convert your goals to Find out 3 ways to convert your goals to numbers
    • Learn the secret to making sure you make your goals this year
  • Discover 3 things Most Discover 3 things Most Successful Business Owners Successful Business Owners have mastered
    1.  Try Not to Try Not to Do Everything Do Everything Themselves
      • Owners think that each “to do” that is easy & will only take 5-10 minutes for them to do, they shouldn’t have to pay someone to do it, they can save money if they do it themselves.
      • Before they know it, they have “45” 5-10 minute jobs and the business has come to a halt waiting on these jobs to be done.
      • Business Revolves around 1 person
      • Afraid to spend money for someone else to do it, and it actually costs the company more in the long run
      • Owner should concentrate on things that others can’t do and they can
      • Even if it takes longer for someone else to do it, it still gets done
      • Don’t assume that you are the only one that is capable of doing the job
    2. Have “Action Management” and Focus on Actions that Generate Dollars
      • “FIT” Failure to Implement
      • Focus on 7 things each day that generate dollars for the company
      • Monitor and follow up with employees, make sure that procedures are followed
      • What isn’t managed isn’t considered important
      • Easy to get caught up in “busy” work
      • Think before you do each task for a week and delegate as much as possible and focus on money generating activities
      • Need procedures to take advantage of opportunities
      • How many times have you attended seminars or purchased programs and not even broken plastic on packaging?
      • Need time-table of action
      • Get an accountability peer or partner
    3. Accounting System Up To Date
      • Difficult to manage business without good information
      • You must have good information to make good decisions on a consistent basis
      • Can’t plan to reduce taxes if you don’t know the current bottom line
      • Can’t modify course of business without up to date information
      • Too much time is spent on recreating history and not enough looking and planning to the future
      • Use information to respond to marketplace
      • Most owners don’t understand debits and credits, but they don’t have to.
      • Taking a few hours to set up and learn software, can save hours and dollars later
      • If you don’t know where you are going, then any road will get you there
  • Find out 3 ways to convert your goals to numbers
    • Spreadsheet
      • Old fashion column pad
      • Excel Spreadsheet
      •  Use history as starting point
      •  Needs to be at least monthly
      •  Modify for changes for this year
    • Accounting Program
      • Quickbooks has a function to allow for:
        • Entering all numbers individually
        • Increase each moth based on percentages
        • Take annual number and divide by 12
    • Business Plan Software
      • It is not just when you are thinking about starting a business, update every year
      •  Financial section, walks you through asking questions about sales and expenses and creates the numbers based on the answers to your questions.
  • Learn the Secrets to making sure you make your goals this year
    • Put your budget into your accounting software
    • Run Reports monthly-put on calendar
    • Review them-put on calendar
    • Get input from advisors-put on calendar
    • Modify Budget as necessary and plan for
      the future
  • Summary
    • You have an obligation to be successful!
    • Never forget “why” you are in business…
    • Be Smart and do what Successful Business Owners Do
    • Use 1 of the 3 ways to convert your goals to numbers
    • Follow the Secrets to achieve your goals and ROCK this year!