Now that tax season has begun you may have scheduled an annual meeting with your accountant. And while this is great, you shouldn’t just meet with your accountant one time each year. Your business would benefit greatly if you scheduled year around meetings with your trusted business advisor – your accountant.
Honestly, you can actually earn and keep more money by partnering with an experienced accountant. Below are three ways an accountant can propel your business to the next level and maximize your bottom line.
Profit Accelerate Your Future
With the help of your accountant, you can strategically plan for a profitable future. The key to building a profitable business is managing your cash flow properly. An accountant will have both your historical and current data present. They can then use this information to eliminate money leaks and increase your bottom line month after month. You may have an idea of the financial health of your business, but your accountant can clearly understand your unique financial language and use it to help you build a fun operating, cash making, profit increasing business machine.
Spot New Revenue Generating Opportunities
Accountant areas of expertise are numbers, money management, and strategic business growth. As the business owner, you started your business to operate within your passion, but you must also complete highly important business management task. With the help of your accountant, you can outsource your bookkeeping and financial preparation responsibilities. This will not only add more time to your calendar, keep you in compliance but it will also enable you to expand your business. By focusing on their specialty, an accountant can help you develop or redefine your business model in a way that will enable you to implement new revenue-generating activities.
Accountability and Expert Support
The entrepreneur journey can sometimes be a lonely road to travel. Your accountant should not be seen as just a number cruncher – a necessary evil. Your accountant will become familiar with the ends and outs, ups and downs of your business. Therefore this trusted person should be seen as your business development partner. At Say YES To Profits we become our clients business development partner. We partner with our client and travel the entrepreneur rode with them. By operating in this role our clients feel comfortable and confident in sharing their business secrets and fears with us. We become a sounding board to bounce ideas off and hold them accountable for reaching their goals. When you have supportive people that believe in you and cares about the growth of your business just as much as you do, your business tends to grow faster, smarter and consistently.
Growing a successful, truly profitable, fun operating business is not easy. Entrepreneurship is not for the faint of heart. According to the SBA, over 50% of entrepreneurs fail within the first five years due to poor money management. According to Intuit, over 89% of small businesses say they are more successful because of working with an accountant. By visiting your trusted advisory throughout the year, you are more prepared for tax season, optimistic and you can naturally expect revenue and profit increase. I recommend having a phone or virtual meeting with your accountant monthly and quarterly face-to-face meeting.
By partnering with an accountant that specializes in business growth and profit-maximizing you can eliminate money leaks, prepare for business threats, risks and weaknesses and build the business of your dreams with limited delay.
Interested in working with the accountant describe in the article above?
CEO of Say Yes To Profits, a virtual CFO and bookkeeping firm that focuses on educating dentists, consultants and services-based businesses on how to use their numbers to increase cash flow, boost profit margins and grow their business faster.
Founder of the Say Yes To Profits Academy and author of the bestselling book, Say Yes To Profits NOW, Octavia”The Profit Maximizer” Conner is known as America’s Leader in Profit Maximizing For Small Businesses. She is equipped with over 14 years of finances, accounting, and business development experience.
Octavia Conner is a high achieving accountant and financial management consultant who specializes in closing financial gaps and locating hidden money leaks in order to significantly increase profit margins.
She has a keen eye for improving the financial health of a company and as a typical result, clients double (even triple) their bottom line within the first 60 to 90 days of her guidance.
Download her free cd today to learn how your business can start to Say Yes To Profits!
For more information contact SayYESToProfits.com