Small Business Growth: Numbers Speak Volumes

Business owners continuously underestimate the power of numbers. However, numbers are every business owners number one worry as numbers speak volumes.

The average small business owner mindset:

I have an accounting software
I hope I have kept my receipts and expenses somewhat organized and I can delegate my numbers to a bookkeeper, he or she can be monitoring the numbers
I have filed my taxes with the accountant by relying on my bookkeeping
All I have to worry about is showing up to work and keeping up with customer service,some marketing, keeping the costs low, staffing, inventory etc.
I have to make sure I work as hard as possible to make money
I have to ensure the bank account should always have enough cash to pay the bills
I have to keep up with all the above and I am running a good business. Right??

A successful small business owner mindset:

I am glad I took the time to invest in a good operational base and all business transaction processes are streamlined
I know my accounting software and all the information technology solutions are aligned with my business strategic needs and give me so much knowledge about planning and growing my business
I know all my recordkeeping is well-kept & organized and follows CRA guidelines, I know I never have to worry about penalties & interest charges
I know I have kept up with the competition and my industry to know which marketing strategy is going to work for my business and is cost-effective
I know I have all the critical tools in place to run my business efficiently
I know I can trust and rely on sound professionals to grow and protect my business
I know I am taking the time to stay healthy and enjoying work-life balance
I know I ensure my numbers are always working in my favour
I know I am taking the time to work with my accountant to always be aware of my business sales and cost trends
I know the “heart” of my business: my business bank account has all the help it needs to stay healthy all around