Most go into business to grow, build wealth and serve others in one facet or another. There is a passion that drives every small business owner to work day in and day out. Burning the candle at both ends to ensure that tasks are done and done well to keep the business running.
Eventually, however, you reach the point where as a business owner you have to consider whether or not it is time to grow or scale your business.
Some choose not to, for one reason or another, while others put their foot on the gas pedal. Who are you as a business owner?
Have you reached that fork in the road in your business? If so, what direction did you turn and why?
Did you make the decision to avoid growth out of fear or reluctance?
Or, did you put the pedal to the metal knowing full well that it was risky – but you love risk, which is why you’re in business in the first place?
Though many business owners fall into either one of these two categories, there is a third that exists for a select few small business owners. That is the group of owners who make decisions that are data-based. The numbers and their trends told them what to do and where to go and they listened.
It takes a small business owner to know a small business owner.
At Clear Blue Bookkeeping Solutions, we get it. We understand the thought processes and temptations behind “playing it safe” or going “all in”. We’ve been small business owners ourselves for over 25 years and the decisions associated with growth are difficult ones.
It isn’t just about “book knowledge”, it’s our experience that makes Clear Blue Books so different. As your bookkeeper, it’s easy to tell you to just follow the numbers, but we also understand the emotional ties to these types of decisions and you can’t teach that. It has to be experienced. The numbers will guide you, and that’s what we’ve learned over the years. This is what we teach and advise our clients to consider based on the years of experience utilizing these tools and strategies in our own small businesses.
As a business owner, we have to know when growth can really happen in our business.
It’s easy to say that bookkeepers are a dime a dozen these days. In reality, no matter the industry, you can find numerous service providers to get the required job done. Bookkeeping is not different. You can hire someone to punch in numbers and have your expenses categorized properly. You can count on the basics being taken care of, but what else can you really count on?
Unfortunately, for some bookkeepers, their priority is doing what is necessary to make THEIR job as easy as possible. At Clear Blue Bookkeeping Solutions, our priority is you, your business, and helping you become a true entrepreneur. As an entrepreneur, your priority is building a business that can grow, scale, and allow you to get out of the trenches. Your passion may have gotten you there, but growing and becoming more of a decision-maker and less of a “worker bee” is what allows you to open more doors and build new ventures.
Bookkeeping with Clear Blue Books isn’t just about punching in numbers but providing reports and analysis that can lead to growing and scaling your business. We do this by ensuring that the numbers are accurate and that the reporting is consistent and available to you for analysis.
Why accounting reports matter to your business and can impact your growth.
Financial reports offer a view of your business that you can’t get any other way. You can think of them like a roadmap, a recipe, or a guide. Running the proper financial reports can help you make decisions in your business and for your business that will help lead to growth.
On the other hand, not having correct reports, or avoiding them altogether, can lead you to make misleading assumptions about the health of your business. This can affect your business in multiple ways and it’s our goal to ensure that our clients always are aware of the state of their business from a financial perspective.
Reports that are vital for your business to grow include the following:
- Sales Report
- Annual Report
- Profit and Loss Report
- Inventory Report (when applicable)
You can read more about these reports, and others, that can provide a clearer view of where your business stands to allow you to make better decisions here.
Proper reporting and analysis will open your business’s doors to growth and scalability
In her article, Business Success Depends on Support and Knowing Your Numbers
Allison Maslan, CEO of Pinnacle Global Network, states that you must:
“MEASURE EVERYTHING. From the moment you start your business, there are things to measure. Sales, leads, calls, clicks and conversions, views…you name it, every aspect of your business can be and probably should be measured. Here are the important ones to monitor that will keep your dream alive.”
If you aren’t measuring every aspect of your business, especially from a financial point of view, you aren’t able to grow. The data doesn’t lie. If there is a weakness, a bottleneck, or a leak that is wasting money that you could be put somewhere else your reports should show it.
Partnering with a team that understands how important your accounting reports are seems trivial, but it will make all the difference – guaranteed.
When you work with Clear Blue Bookkeeping Solutions, you get a team that will make your business a priority. We will ensure you understand the reports we provide so you are able to make the best decisions for you and your business.
Are you ready to grow your business?
Click below to set up a consultation with one of our partners. We will discuss your business and goals to help you get on the right track to building a business that is prepared for growth and to scale in the coming years.
Clear Blue Books 