4 minutes reading time (747 words)

How is Business, Really How is The Business?

 

Maybe it was an idea that struck you out of nowhere, or perhaps your small business’ inspiration was an idea and plan that was years in the making. Whichever it was, your small business is your baby, and running it successfully is something that is of paramount importance to you. With that being said, there are so many aspects to successfully running your small business that it can make even an experienced entrepreneur’s head spin.

It is vital that a business owner has an intimate knowledge and relationship of the inner workings of their company, from local and global supply and demand to marketing strategies, and perhaps most importantly, the financial blueprint for their small business.

Today, we want to share with you some focus areas that will ensure that you are leading your business to growth and success. By honing in on these tips and growing your knowledge in these areas, as well as knowing when to reach outside your office walls for assistance, you will be well on your way to small business achievement.

Organize and Prioritize

We all know that some people are born with a planner in their hand and have their life choreographed down to the minute, whereas others are free spirits who await to see what each day will bring them. If you are the latter, working to organize your life and small business will be necessary. Some focus areas of organization one should consider are having a definitive work schedule and dedicated office space. This allows you to structure your time to truly focus on your small business’ needs. In addition, prioritizing your small business tasks will direct your time to taking care of urgent and immediate needs before less pressing matters.

Planning Equals Performance

A successful entrepreneur will have a deep understanding of their business plan and review it frequently. A large focus of this plan revolves around the financial health of their small business. It can be extremely helpful to enlist a virtual CFO firm who specializes in accounting services for small businesses, as they can handle the financial analysis for your small business. This partnership will also allow you to feel knowledgeable about all the financial aspects of your business and give you a feeling of security in making wise decisions on how and where to spend your small business’ money. Lenders and clients will feel secure working with a small business owner who is confident and literate in their business plan.

Mindful Marketing

Any small business owner knows that getting the word out about their business and product line is the key to their survival, but it can often be challenging to know how much of your budget to dedicate to marketing to ensure a profitable return. Should you go for low cost social-media marketing in the hopes that a post goes viral or move in the direction of focusing your advertising to mass media like radio and television? Utilizing a virtual CFO or other accounting services for small businesses can give you a fast track to professional advice on this matter and take some of the stress of getting your small business off the ground away.

Realize Risks

Like anything in life, in this age of technology and global entrepreneurship, there are risks that small business owners need to be keenly aware of to protect their assets. One of the largest of these is ID theft.  Small business owners often have loans and other lines of credit that have allowed them to get started. If this information gets into the wrong hands, it can spell disaster, especially because small businesses don’t often have the legal protections in place that larger corporations can afford. Partnering with an accounting services for small businesses firm can give you an extra safeguard to keeping your company’s assets protected, as your virtual CFO will be knowledgeable in the industry’s best practices in this area.

We know you are proud to be a small business owner. We also know that staying on top of all the facets of making your small business successful can be overwhelming. We would love to help you get the most out of your business plan and marketing while protecting the assets you have lovingly built. Call Numetrica today and partner with our team of accounting and small business specialists. We are excited to work alongside you to implement these practices and help you build the successful business you deserve.

More on managing your business better 

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

How to Master Your Business
How to Improve the Bottom Line for Your Small Busi...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, 12 August 2022

One-Stop Shop for Accounting
and Bookkeeping in Ottawa

Numetrica City Accounting

Awards / Featured On

Reviews

Check what some of our clients are saying about our services.
  • I highly recommend Moe Tabesh. His service is phenomenal, to say the least. His tax knowledge is extensive and he’s been able to save me a substantial amount of money by following his recommendations. In addition, he is warm, kind, understanding, positive, and flexible, which are qualities I find rare in most accountants I’ve worked with. You’re in good hands with Moe, I can’t recommend him enough.

    Samantha Biron

    President and Founder, Find Your Tribe
  • Moe and everyone at Numetrica have been incredible at helping with my new corporation and corporate and personal tax returns and my other small business. Their accounting skills are out of this world and the technology they use makes everything so simple and fast. The time you will save will be worth every penny. Thanks again Moe for all your help!

    Jeremy Prudhomme

    CEO, Jeeman TV
  • Mr Tabesh (Captain Number Cruncher) and his perfect team are not only professional in their fields, they are extremely passionate about their clients! Numetrica City continues to support us with corporate and personal tax returns, bookkeeping (thank you so much Sherry ) and We are so happy and appreciative for you and your responsible team, Moe!!!
    I really recommend these guys to everybody.

    Farshid Dehnavi

    President and CEO, Ink Plus
  • I did my first Corporate tax return and cloud accounting with Numetrica City and I am very satisfied with the work they did. The team was very responsive and answered all my questions. I 1000% recommend their services.

    Keddy Declan

    CEO , IT Referrals
  • I would highly recommend Numetrica City-Accountants, Tax and Bookkeepers. Exceptional customer service. I am assured that all my company tax services and payroll are taken care of because of the great team that Moe has. I like the fact that I do not have to worry about driving to a physical location for my accounting services, my company's accounting tax preparations are done online due to the excellent cloud service Numetrica City has. Definitely score a10/10. Thank you for all the good work that you guys do. Greatly appreciated!

    Sibeso Kehinde

    OUR PROCESS

    Discovery

    We’d love to hear about your goals and aspirations. After understanding the big picture, we’ll dig into the details of your bookkeeping process so we can assess your needs.

    Proposal

    Once we understand your needs, we’ll send over a proposal that outlines our plan for tackling your challenges and a fixed monthly price for those bookkeeping services.

    Set-up

    Once you accept our proposal, we’ll get your bookkeeping tidied and up to date and begin implementing cloud accounting tools that will ensure proper bookkeeping going forward.

    Get Connected

    Once the set-up is done, the hard part is over. You’ll be connected to your CPA-level bookkeeper and they will become your main point of contact.

    Reviews

    Once the clean up is done, the hard part is over. You’ll get connected to your bookkeeper and he/she will become your main point of contact. Don’t worry, we only select the best CPA or CPA students.

    Join our family

    Clients

    Trust in the superhero accountants of Numetrica to keep your numbers in order and for expert advice on growing your business. Numetrica City specializes in providing clients with in-depth accounting and bookkeeping services in Canada and the United States as well as financial advice to assist you in making the right decisions for your business.