Like it or not, owning a business means being accountable for the overall performance of the company. Owners wear many hats, including that of strategist, financial manager, and leader, inspiring the unique culture that drives results. No pressure!
A successful business owner keeps him or herself “out of the weeds”, thinks more strategically, and takes specific steps to lead the company to the next level. While that may sound easier said than done, here are a few things successful leaders do regularly:
- They set aside strategic planning time.
This time is critical for leaders as it gives you space to look at your business from an altitudinal perspective. This is where you can begin to align strategic and tactical plans for growth.
- They pinpoint and address core financial issues and opportunities.
How long has it been since you’ve been able to dive into your financials and really understand the numbers and what they mean? For many business owners, not having clean, up-to-date books or financial data they can rely on is the primary reason for not diving into this aspect of their business. Once your financials are in order, you’ll be able to pinpoint trends, solve issues, and create new processes for success.
- They create and maintain a growth plan their team can rally around.
By creating and communicating the ways you envision growth for your company, you can get your team on board so everyone is working towards the same goals by contributing in their own unique way.
As a full-charge accounting firm, we understand when your books aren’t in order, your taxes haven’t been filed, or you can’t meet payroll, there is little time to think about anything else, including strategy. The key is to find a way to get “out of the weeds” and create some space for yourself not just to maintain – but to thrive in your business.
Fortunately, you don’t have to do it alone. While we can help you with the accounting details, we take it a step further. Developed to support a growing company’s growth efforts, The Minerva 360 Blueprint™ provides business owners with the specific tools needed to improve profitability. It’s designed for companies with revenues of $500K to $10M, and starts with the Minerva 360 Blueprint Quiz. From there, we help business owners develop a clear vision for where and how the company can grow, and identify areas that may need attention. Our 360-degree approach includes providing you with:
- Comprehensive financial statements
- A written analysis of gaps and opportunities in financials
- A written summary of key items to be addressed
- Initial tools enabling the owner to take immediate action
- Assessments to help the owner become a more effective leader
Start today by taking the Minerva 360 Blueprint Quiz and begin uncovering factors that are at the heart of your business success and potential for growth.