I was talking to a client of mine recently who was struggling to manage their work / life balance. In short, their business was running them into the ground, and they weren’t getting enough time to spend on the fun things in life! If this sounds familiar to you – STOP! Take a step back and think about what’s causing the issue. Is your business running you or are you running your business?
Running Your Business – Work Life Balance
All too often we think that our business can’t manage without us, that our team will flounder without our leadership or that we’re the only ones who can do a certain task. The reality of course is quite different!
In fact, your desire to control everything may be perpetuating the problem. In most cases delegating and empowering your team to make decisions within certain parameters or take on additional responsibilities is a win-win! Your team members develop new skills and feel more confident and motivated and you get more time to do what you should be doing: working on your business rather than simply in it!
If you don’t have a team of people working with you that you can delegate things to (and even if you do!) then making the best use of technology can make a huge difference to your ability to manage your business effectively and efficiently.
Running Your Business with Cloud Based Accounting Systems
Cloud based accounting systems have transformed things for a huge number of small businesses in recent years. Having a real-time view of your cash flow and business performance can take a lot of the stress out of managing your business.
Not only that but it can also enable your accountant to spend more time where it matters, supporting and advising you on your longer-term business strategy.
What’s more, we are able to offer businesses using cloud accounting software a free monthly report that doesn’t just show you your figures against your targets but can alert you to current issues AND offer tips on how to resolve them.
If you’d like to find out more about what these automatically generated reports can deliver, take a look at our video explaining more about ‘AutoReports’.
And if you’d like to register to receive these reports, simply complete this form and we’ll be in touch to assist in setting it up.
Want to Know More?
Are you running your business but looking for ways to streamline your accounting processes or need advice specific to your personal circumstances? Get in touch with the business tax accountant from Taggart & Partners on (07) 3391 1188 or email us at info@taggartandpartners.com.au to get started today!
Updated 20/01/2021