High Energy Levels
All successful leaders have lots of energy. They work with passion, drive and enthusiasm. They know what and who energises them and ensure that their energy levels are sustained or replenished on a regular basis, by spending time doing the things that matter to them most and being with people who are most important to them.
They take a holistic approach to their life and work: they look after their mind and body, their relationships and their spirit, to energise and re-energise themselves as necessary.
Their energy and enthusiasm is infectious.
Now this phrase may have gone out of fashion in recent years, but I believe the essence of it is key to the success of many business leaders.
Although the best leaders have a passion for work, for learning and for being and doing their best, they also lead balanced lives. By this I don’t mean they spend an equal amount of time both at work and away from work (although they may!) What I do mean is that they look after their health and welfare, they pursue hobbies, have fun and spend time with the people who are important to them.
They realise … Read the rest
Hold a Sale
You reduce inventory while brining in some quick cash. Offer a discount or other incentive to customers who pay now.
Ask for Payment in Advance for Recurring Services
If you are offering web-hosting services, for example, offer one month free to customers who pay up front for 12 months hosting.
Lease Your Equipment
Purchasing equipment ties up large sums of money. By leasing, your money is freed up to be used for other purposes. Often it is possible to lease a variety of equipment — including office equipment, computers, software, telecommunications equipment, vehicles and more.
Joint Venture with Another Business
Find a business offering services or products that are compatible with your own and offer to promote each other’s business. For example, if you are selling health food products, offer to cross-promote with a business selling fitness products. You’ll both enjoy increased sales.
Obtain a Line of Credit
Bank credit is usually subject to standard ratios of debt to equity, working capital and profitability.
Factor Your Accounts Receivable
Sometimes known as “invoice discounting,” factoring is the selling of your invoices (accounts receivable) for cash, instead of waiting 30-60 days to be paid by your customers. Businesses of … Read the rest
Unfortunately, in the merchant industry, it is not always as easy as comparing “A” to “B”. There are a plethora of diverse billing structures, charges, and fees that make it very difficult to understand just how one service stands up to another.
So why don’t we see how to find, compare and choose the ideal merchant account for your unique small business…
To start with, you have to locate a minimum of 3 separate financial institutions – these could include a bank or credit union who can sign you up for their merchant account. Also, you should locate different merchant providers by utilizing Internet search tools that provide particular benefits. There is a standard approval procedure that both the banks and the merchant services use. The following information will be required in order to process your application:
- A business plan that is feasible,
- A credit history free of significant blemishes, and
- Proof that you are able to pay (and have to ability to continue to pay) the charges related to a merchant account.
It of great benefit to you to research the ins and outs of the fee structure charged by each of your potential merchant services companies and/or banks … Read the rest
Go Ahead and Celebrate
This does not mean you shouldn’t celebrate the minor victories that happen every day in your business. On the contrary! Expect and celebrate those victories both big and small! The reason you are here – in business for yourself – is to have those great days, right? Just keep in mind that if you get too day-dreamy, this can distract you from doing the required work to build on your momentum, bring you to the next victory, and improve upon the positive results you just experienced.
Keep Your Chin Up
Likewise, when those inevitable disappointing times roll around, remember again to remain focused on your bigger vision. Regardless of the reason for the temporary defeat, no good will come out of you moping about it. Especially if you end up losing your drive because of it. It’s not worth it! Don’t let a temporary set-back or client cancellation distract you or take you off course. Feel the disappointment, reflect on the experience, look for the lesson, and move on.
Stay on Course
It is important to recognize that each business situation we experience is only temporary. Learning (and practicing) to respond to each of them in … Read the rest
You can invite people outside your world to come to your event and they get to meet you, they get to see how you interact with the crowd and it either turns them on or off. An event can be online and still there is a perceived credibility to someone who puts their voice, their face firmly in the public eye. It gives a feeling that you are not a fly-by-night business wanting to take the money and run off.
- You are exposed to a whole new audience
Again, you can invite people outside your regular circle to join in the event. This adds to your credibility.Also, you can join in on other people’s events and that way, you get to share their credibility. It literally rubs off on you especially if you get to speak in front of their audience. The prospects tend to think that if you are credible enough to be trusted by someone they trust then there is a chance that it is worthwhile doing business with you.
- You can build your list of prospects.
Building your circle of influence is absolutely critical to your business. In fact, your contact list is considered by all business
… Read the rest
Problem 1 – You have no freedom
The lower your position is in the workforce, the more people you have to answer to. Each day you have many tasks you have to complete that are assigned by your bosses. Unfortunately, you can’t choose which tasks you want to perform or the order in which you want to perform them. Until you learn how to make money instantly, you will always have to answer to the multiple people above you.
Problem 2 – You are bored
Corporate America usually only offers a repetitive and mundane life. Life is all about surprises and opportunities. You are bored everyday because you are stuck in a 5 by 5 cubicle, staring in a blank white screen. Unfortunately, routine behavior will numb your mind whereas unpredictability will engage your mind.
Problem 3 – You realize this reality is a lie
Unfortunately, as a generation, we often think as soon as we get the degree our lives will change and we will be happy. Happiness reflects on ambition and success, not the kind of car that is in your driveway. It is better to struggle to make ends meet doing something you love rather than relishing … Read the rest
The founders of Accounting Practice Sales are CPAs who have spent a lot of their time buying and selling tax practices with huge success. There are plenty of companies or websites that can help you out, they can perfectly match buyers and sellers whether it is an EA firm, CPA firm or a tax practice.
Wondering on how you can purchase an accounting firm for sale? If you are ready to expand your existing business or if you are planning to put up a new business, there are some ways you can do in order to be successful. You can look for listing of accounting practices for sale in your area.
Do you know any step to purchase an accounting practice? Have you already search accounting businesses for sale in your area?
Do you want your business to grow even further? So are you looking into buying an accounting practice? Accounting Practice Sales really grew with their own businesses in the same way.
There are companies or websites that are dedicated to find you the best accounting firm, tax business or accounting practice for sale, the one that will suit your needs with regards to location, size, financing, cash flow … Read the rest