The Auto Pilot Bookkeeping Blog shares information on a wide variety of subjects inclusive of bookkeeping, IRS records, state specific information, global business trends, foreign business strategies and much more.
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If you haven't yet been invited, you should consider joining Alignable.com, a website designed to help grow your "Small Business Network" I have to admit it doesn't disappoint. Since signing up my websites traffic exploded and its just incredible. I am so happy that I can connect, help, and really feel valued in the community.I think what's more important is the fact that it focuses in on having business owners ask questions, help one another. A true rapport building experience that...
I think what's more important is the fact that it focuses in on having business owners ask questions, help one another. A true rapport building experience that lends to both trust and connecting.
So as you join your asked to create a basic profile for your business, talking about who you are, what you do, and is similar to creating a Facebook page in terms of ease. While I thought it would be another linked in experience, it's turned into a more open sharing atmosphere that allows for growth to happen.
Demystifying the year end is all I do...Yes Kevin, Holy Fudge, Taxes suck, but it doesn't have to... really it doesn't. I tend to look at the start of Tax Season as very reflective period. How'd I do last year? Better than the prior year? How about over all?I think that Kevin hits it on spot on the most stressing part of taxes is figuring out who spent what to whom. I should note that Kevin is one of the most organized people I know, he keeps track of his expenditures, income, plans...
Demystifying the year end is all I do...
 | Yes Kevin, Holy Fudge, Taxes suck, but it doesn't have to... really it doesn't. I tend to look at the start of Tax Season as very reflective period. How'd I do last year? Better than the prior year? How about over all? I think that Kevin hits it on spot on the most stressing part of taxes is figuring out who spent what to whom. I should note that Kevin is one of the most organized people I know, he keeps track of his expenditures, income, plans ahead, and is very financially conscious. As a small business owner through the reality comes into play that any successful business generates activity and its that activity that complicates the entirety of it. As businesses grow the need for support staff and added help becomes necessary, which is why this business exists. My value is simple... I take some of that stress away for my clients. Whether Tax stress you out, or you just want leverage your time, here at Auto Pilot Bookkeeping we focus on solving just that. |
Year-end Reflective Guide
- Perform a Comparative Analysis to last year - to get a Overall Picture
- Analyze your Key Metrics - APB Key Metrics that I look at
- How many more customers do I have? [ Last Year 19 - This Year 27 ] - 42% Gain
- Revenue Goal(s)
- Expense Reduction Goal(s), I slashed $200 per month, and will be reinvesting that.
- Time to Execute Forms: Goal (24-48hrs) - Actual - (48 - 96hrs)*
By analyzing your goals you can improve them, and find ways to do things better, I learned and understood that some of my deliverable times were lagging. Which led me to develop new relationships and begin outsourcing some activities that I shouldn't be doing or don't need to do. The first step to fix anything is identify the problem, if you don't know whats wrong you sure can't fix it.
Well it's been nearly a year that APB has been in operation, and the traffic of this blog continues to grow exponentially one of my core strategies has been focusing on getting additional links, and by reaching out to other bloggers and business owners for their tips, suggestions, and ideas for growing. The amount of strategies and methods out there are completely overwhelming at times, you can link this up through a simple analogy, Let's say you gave a meeting to a host of real estate...
Let's say you gave a meeting to a host of real estate developers and asked them to come up with the method for best increasing your land value,
The Home Developer looks at the piece, and instantly shows you the value by dividing it up in various parcels for resale, where you can list the housing for sale and earn money leasing the land.
The Mall Developer look at the piece of land and says, no lets develop it into a large commercial mall, and earn a cut from each of your businesses.
The Commercial Building Developer says, why not turn it into a skyscraper and rent the entire building.....
Indeed the options are many....
If your like most people you'll go with the easiest or the solution that makes the most sense to you at the time. The reality is that in this choice it will affect you and your family for generations ahead of itself. However I think the most important element is not looking for the best one, but rather taking action towards your dreams.
Its that action that will separate your growth.
Its Its the start of another new year, and the second year that we've been fully in business. It's quite amazing how much we've accomplished this year, and how far we've come with all of our objectives. We've grown 500% since the start of 2014, which for me has been absolutely craziness. I thought I was busy and organized before, throwing this into the mix has added a whole new level to that experience. Most importantly I'm really grateful for many of the unique people in my life they've...
Most importantly I'm really grateful for many of the unique people in my life they've all inspired different motivations at times and provided valuable insights. I'm thankful that I've been allowed to work on things I love doing, serving people, and making things better.
It's amazing to see all our visitors and the growth and small spikes, based on advertising, the lull in October was a switch in hosting providers so we probably hit 3,000 :D pretty awesome.
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1. Not enough money, this is the bookkeeper's holy grail. The age old adage "it's not what you make, it's what you keep," always holds true. Maybe you need an expense analysis.2. Can't get new customers, let's take a review of your advertising and marketing budget, are you overspending? Under funding your marketing? Are you correctly measuring your marketing expenses?3. Can't keep our existing customers, do you have a customer retention strategy? Learn to embrace your...
2. Can't get new customers, let's take a review of your advertising and marketing budget, are you overspending? Under funding your marketing? Are you correctly measuring your marketing expenses?
3. Can't keep our existing customers, do you have a customer retention strategy? Learn to embrace your customers, to know them, and to be them.
4. My revenues are too low, does your product mix need help? Do you up-sell your customers? How many products do you have? How many customers do you have? All these questions are related to the data you keep... good data-keeping starts with good bookkeeping.
5. Our Revenues are OK but i'm not sure if we're profiting, good bookkeepers help generate profit by managing the money better and reducing unnecessary expenditures.
6. Employee turnover is up, keeping the best staff is tough... we get it... we bribe our employees to stay regularly.
7. I can't sell my business, bookkeepers know some business brokers who love to help you sell your business.
8. My business partner isn't working out, partnership is important, often times being a good partners starts with addressing the fact that, it isn't working out. So discuss it, buy him out, let's make a succession plan. Life's to short to live it unhappy.
9. We have quality issues with our products, should we do a product budget analysis and implement new cost control mechanisms?
10. My website doesn't work right, what are you tracking? Conversions? Widgets? Sales per hour? Services sold? Classes enrolled? Pizza's ordered?
11. Ordering office supplies, When your bookkeeping is outsourced so will some of those missing staplers.... faster than you can say "we just picked up a couple of reams of paper".
12. We need more room, we perform all our work in less than 400 square feet.
13. My employee is a drug addict, a good payroll service comes complete to handle sending him/her to get tested!
14. We hired who has a criminal record, bookkeepers can pre-screen your new hires before they interview with you, they can get their I-9's and conduct a full background check for additional fees.
15. My prices are too low, do a marginal revenue-to-cost analysis to predict the most profitable point.
16. We just lost our biggest client, that paid more 50% of our revenues, well as your business back office a bookkeeper would have urged you to diversify your client base, and develop financial contingent plans.
17. I need good business lawyer, bookkeepers know a few that they can refer you too
18. A customers is suing my business, bookkeepers can issue the refund if that would help.... "gulp"...
19. My biggest competitor just raised $50 million in venture capital, that means you can get $25M or $100M let's dust off the pro-Forma and start talking to investors.
20. Nobody knows my business, once upon a time Honda used to be a little bitty car company. Focus on what you can control and get moving!!!!
21. All this government paperwork is killing me, yep, bookkeepers deal with this... call one.
The struggle that Millennial’s have, comes from our growing up connected to a computer, search engines, microwaves, basically an instant everything society. Imagine how rapidly the world has changed in just a few years and compound all of these great changes unto a generation, We’ve seen a rapid evolution from our prior generations. Ultimately we do owe quite a lot of kudos to the older generations they’ve created some changes that have and will continually make our...
The struggle that Millennial’s have, comes from our growing up connected to a computer, search engines, microwaves, basically an instant everything society. Imagine how rapidly the world has changed in just a few years and compound all of these great changes unto a generation, We’ve seen a rapid evolution from our prior generations. Ultimately we do owe quite a lot of kudos to the older generations they’ve created some changes that have and will continually make our lives infinitely easier. I’m sure as we watch our future generations grow-up we too will feel amazed at how easy they have it, but we should take comfort as we’ve helped contribute to that.
I constantly see the state of the knowledge I learned evolving and changing with technology influencing various aspects of my life on a day to day basis. There is a struggle to keep up with technology. Our unique struggle is that we’ve learned to thrive in a world of faster moving communication, of being on all the time, and most importantly about bridging the inter-connectedness of the world.
Millennial’s understand that our careers, jobs, way of life has to change as the internet has become the game changer; once secure jobs can be automated, outsourced, streamlined, to the point of needing less people to perform the same tasks. We all have the choice on how to accept that reality, my choice has been that this is the best time to start a business and to achieve your goals.
As a millennial our second struggle would be learning how to patiently share these talents, with the prior generations. I spent today teaching a client how to better use his information and how to sort, classify, and map his data out. Often times I take a lot of my abilities for granted, without realizing that is it a talent.
Further you can see how rapid information and this always on nature can cause stress or burn out. Yet our generation thrives surrounded by the rapid onslaught of data, trust me take a millennial phone away, and observe. The connection is beyond physical we can create digital bonds with one another, through photos, sharing information, chatting, emailing, etc.
Read more like content on http://millennialstruggle.com/
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