Fontenot Newsletter - October 2016
“Success is getting what you want. Happiness is wanting what you get.” – Dale Carnegie
It's time the celebrate the ending of a new quarter in the year 2016.
Exciting business moves have embarked on many of us during this year, with so much more to come. This seemed like a great time to recap on some of the best success tips for entrepreneurs to keep you motivated and inspired on accomplishing your goals for the remainder of the year. Allow yourself to take a step back in order to take an inventory of how much has truly been accomplished within your business. Now, take a moment to give yourself a pat on the back. Your a leader -- continue to remain intentional in your goal settings.
Fontenot & Associates Solutions, LLC newsletter will be just the read you are looking for to keep you on track. Not only does it include six top tips but it also gives light to the importance of establishing a business budget and shows just how simple it is to get started.
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There's a lot to do but so little time to accomplish everything when operating a small business. Even though this is true, many business owners remain hesitant about opening up their accounting records to a part-time accountant or business consultant even when they know their financial records are in shambles.
Profitability is a primary goal of all business ventures. Without profitability the business will not last in the long run. Analysis of profit is of vital concern to stockholders because they derive revenue in the form of dividends. Profitability is measured with income and expenses. Increasing profitability involves determining which areas of a financial strategy are working and which ones need improvement.
In a competitive marketplace, a business owner must learn to achieve a successful level of profitability. Without sufficient capital or the financial resources used to sustain and run a company, business failure is imminent. The bottom line is that no business can survive for a significant amount without making a profit. Measuring growth is possible by looking at statistics such as your weekly sales, staffing and turnover.
Though present profitability of a company is good, as a business owner you should always explore future opportunities for greater profitability. Below are three key questions to consider when outlining or revising a business model:
Take time today to answer the necessary questions about your business stage and the next three to five years of future expectations. What are the areas of your business that concern you?
Here at Fontenot and Associates Solutions, LLC we offer one to one consultations to ensure we put it on paper for you and your customers. Let's get started today with setting your business apart.
Click here to email us your questions.
“It’s fine to celebrate success but it is more important to heed the lessons of failure.”
Many business owners would agree that, there is fear associated with launching your own business. When in the start-up phase of your business there will be a lot of planning and critical thinking involved. Decisions must be made regarding customer service expectations, client target markets and business accounting responsibilities.
Establishing Standard Operating Procedures (SOP) are essential for your business success. They can provide the visual for how task should be performed and who is responsible for ensuring task are completed. You may ask if outcomes within your business design are measurable. The answer to is a definite Yes.
As a small business owner here are four benefits to becoming highly productive:
A SOP is a living document, which is subject to change. Fontenot & Associates Solutions, LLC offers quarterly reviews and an electronic version of your unique guide as part of your servicing package.
Putting together a clear and unique guide is just a click away, don't hesitate to contact us. Don't do it for just you, do it for your business.
Every choice you make has an end result. – Zig Ziglar
as a business owner, you may have one specific goal that remains consistent week after week on your checklist. Is increasing your customer base by a certain percentage, one of them? An increase in the customer base can be critical to the growth of the business and tends to be the trigger to an increase in revenue sales. not only that, the increase could aslo mean the current marketing techniques and strategies being performed are finally starting to pay off.
My mission is to offer the best accounting and operations solutions and tips for entrepreneurs and small to mid-size companies worldwide seeking to close their process gaps with actual solutions.