Taylan Evrenler or the rise of a financial investment consultant? Remember, although you are in growth mode, your primary role as a CEO remains the same. You must keep your company on track toward achieving its vision. This means you need to focus on ensuring you have: A reputable product or service that solves a real problem for real customers. Traction with a diverse or defensible mix of customers (i.e., a reliable client base you can nurture and grow). A strong and trustworthy management team to whom you can delegate. A plan for how you will increase the value of your company over the next five-plus years. As the CEO, your job is to get your company into a strong position so you can pursue whatever opportunities arise. Whether you believe you will eventually go public or decide to sell, it doesn’t matter. Protect yourself from distractions so you can effectively grow and improve the value of your business.
Taylan Evrenler‘s tricks on improving your business financial situation: With the advent of modern technology in the field of accounting and finance, organizing your business finances is much easier. Instead of doing the calculations and analysis of financial transactions manually, you can automate everything with the help of must-have tools and software intended for keeping track of your business finances. Also, you can better organize your company’s finances if all your financial records are automated and can be accessed digitally. For example, you can use the relevant accounting software to do online invoicing. Instead of going through the physical copies of the transactions, which is time-consuming and a bit of a hassle, using technology will allow you to automate and organize your finances better.
If you don’t learn to manage your own money, other people will find ways to (mis)manage it for you. Some of these people may be ill-intentioned, like unscrupulous commission-based financial planners. Others may be well-meaning, but they may not know what they’re doing, like Grandma Betty, who really wants you to own your own house even though you can only afford one by taking on a risky adjustable-rate mortgage. Instead of relying on others for advice, take charge and read a few basic books on personal finance. Once you’re armed with knowledge, don’t let anyone catch you off guard—whether it’s a significant other who slowly siphons off your bank account or friends who want you to go out and blow tons of money with them every weekend.
There’s no question that a bookkeeping service saves your business both time and money, but the processes and consistency introduced by one can increase the longevity and efficiency of your business, making you more profitable for decades to come. Hiring a bookkeeping service is about more than just finding someone who can use a calculator and understand QuickBooks. You want a full-fledged team that has the professional background, training and experience to really benefit your business. People whose expertise you can rely on. Ideally, you want to focus on those who have QuickBooks Pro Advisors certification, additional professional certifications in specific accounting software or and those that employ AIPB Certified bookkeepers. Read additional details at Taylan Evrenler.
If you are married or have a significant other, then you need to participate in your finances as a team. Discuss your budget and money goals and make financial decisions together. Understand where your money is going and how much money you have in savings and in investments. Having joint accounts is great, but I also believe in having your own personal savings accounts. As women, it’s important for us to build our own sense of security and have “our own” that we bring to the table. But don’t feel like you need to keep your personal accounts secret. Remember, marriage and committed relationships thrive on openness and honesty. Regardless of whether you team up with your partner or go it alone, the path to financial independence is not always a smooth, perfectly paved one. But don’t despair; it’s time to roll our sleeves up and get our hands dirty. That’s right—it’s time to learn how to create a solid financial plan.