Money is the fuel that keeps your small business running. You need to understand how it's flowing in and out of your company. Small business finance tasks include:
Obtain and manage working capital
Compile and read financial reports
Strategize and troubleshoot based on the information in your financial reports
This is the area that is most neglected in business and the number one reason why businesses fail in the first 3 years of operation.
Every small business must keep records of its day-to-day financial workings. This information provides the foundation you draw on to manage your company's finances. You also use this information when paying employees, applying for loans and filling out tax forms.
Enter and organize purchasing information in a ledger or database
Enter and organize information about revenue in a ledger or database
Track accounts payable and accounts receivable
Write paychecks and manage payroll information
If You Can't Measure It, You Can't Improve It. “you can't manage what you can't measure.” you can't know whether or not you are successful unless success is defined and tracked. Your bookkeeping (or financial records) is your measure of success or failure.
Your employees are your most important company assets. Having employees creates a list of human resources responsibilities.
Hire and train personnel
Maintain records of employee work history and tax information
Administer employee benefits
Address employee issues and complaints
Take disciplinary action in case of poor employee performance
Whether your business provides a product or a service, you need supplies and materials to keep things running. Your purchasing department makes sure you have what you need when you need it.
If your business produces and distributes a physical product, you need to oversee the process of creating that product from start to finish. The same will apply for services.
Receive orders and set production numbers
Monitor and improve workflow
Maintain and repair equipment
Package and store finished product
Your customers keep you in business, so you need to stay in touch with them and understand their needs.
Work with customers through each phase of your sales process
Receive and respond to customer feedback
Take care of customer needs and special requests
Small business marketing tasks are geared toward creating demand for your product and managing the image that your company projects.
Create a marketing budget
Manage company branding
Oversee advertising copy and venues
Align each aspect of your company's operations to create an image that reinforces your brand
IT takes care of your software, hardware, and any technical or technology issues you might need in your company
We take a holistic approach to your entire operation and look for the right cloud software for your business and industry. There is nothing more frustrating than having to re-key information from one system to another. We ensure that all your software and systems we choose have a natural integration, is customizable to grow and change as your business and needs change and most importantly that it has the ability to automate a large percentage of the functions so you are not wasting your valuable time with administration and record keeping. The "star of the show" and the core of any small to medium business in Australia is Xero. The world's easiest accounting software and loved by millions of users around the globe for its comprehensive reporting and automation features.
Once you have Xero at the core of your business we build all your processes, systems, applications and automation around this so you are guaranteed to have a significant time saving, increase in productivity, no double handling of data, reduced operational costs and reduced labour cost.
We guarantee you will LOVE it too or your money back!
Every business is unique and we make it our goal to match our solutions to your business and industry.
Book your obligation free 60 minute Zoom Face to Face ONLINE meeting to explore how we can help you take your business from where it is now and transform it into a business of the future.