February 5, 2019
Come on Small Business owners! It’s time to get your house in order
Would you ever play a game of poker if you were the only player not allowed to look at your cards? No, never! Then why do a lot of business owners operate their business without being fully informed about the condition and performance of their business? The difference is poker is a game, your business is your livelihood there are a lot of people, customers, employees, and family members, relying on your success. Having a solid Back Office Support System (BOSS) is something you can control. So why increase the risk of failure or poor performance by not having a process in place that keeps you organized and fully informed about the condition of your business? Here is what you need to do:
Build a system and a process
Train people and make them take ownership of the tasks required for the BOSS
Monitor the system, processes and the people on a regular & routine basis
Utilize the timely & accurate information provided by the BOSS. As an owner, you need to look at the cards that have been dealt to you.
How do you get started? Find a firm that has a devotion to implementing and monitoring BOSS.
BOSS Tips! Business owners today are very fortunate to have affordable technology available to them. Here are two applications for the BOSS:
· MilesIQ automatic mileage log for your business vehicle. One of the biggest tax deductions is the business cost of operating a vehicle. The tax deduction is based on the business use % of the vehicle. MilesIQ automates the tracking of use and provides a log to support your tax deduction.
· Paperless Document Storage – in today’s environment, paper-based record keeping is not cost effective. Go paperless! Use applications like Receipt Bank and QuickBooks Online to build a paperless record retention system that is less costly than paper-based recordkeeping. Plus a paperless based system adds value by automating the recording of transactions in the accounting system and attachment of the supporting source document.
How do I implement these applications? Find a firm that has a devotion to applications that support BOSS.
Collins & Ganley a firm devoted to BOSS
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