Automation Nation

Have you ever wondered why running your own business is so difficult and scary? We did too! And after pondering for a while, we concluded that it doesn't have to be. So, we created a movement to make accounting and bookkeeping simple and easy to understand, by using plain language. The plain language movement was started in around 1066 and is still progressing. As each profession and practice is called out for its lack of simple, easy language, we move closer and closer. Accountants, bookkeepers and the whole accounting industry has not succeeded in using plain language. This lack of transparency puts the power in the hands of powerful wizards who magically interpret meaning for the business owner…but only if they know the right questions to ask.

At face value, it seems like a great idea. If you're a small business owner, you probably think that hiring a bookkeeping specialist is an expense that you can avoid. You feel that you can handle it yourself. You have the best intentions to keep your staff paid right and on time. What could go wrong, right? Well, lots actually. In this episode we share the reasons why you should stop doing your own bookkeeping.

If you've just started doing your own bookkeeping in a cloud accounting software, it is normal to make a few mistakes while you're learning. We see mistakes that are quite common – and unfortunately costly – so you should be aware of them if you want to get the most out of a powerful cloud accounting system.

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It's an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons profitable businesses have little money in the bank, and what business owners can do to address these situations.

Gain customer loyalty and keep your regulars for life Long-standing customers form the backbone of a strong, well-established business. Make it your mission to ensure that the vast majority of your current customers stay with your business for many years to come.

In today's technologically progressive market, you can know all the signs and numbers you need to know. They can be at your fingertips and are usually less cost than what you're paying annually to your accountant for cleaning up your books for tax time.

Cash flow – the lifeblood of any business. The aim of any business owner is to have more cash coming in than is going out. You're in business to make money, and one of the most effective ways of doing this is to examine your cash flow and look for ways to improve it.

Do you think large businesses were once small businesses? They became that way because they knew their numbers. Big business knows their numbers, why they do and how they use the info. Cash is king and your need to understand the cash flow statement. Profitability can only occur when you know the cost(s) of your product or service.

Taking the time to regularly review financial statements can help you assess and improve current performance, avoid risk and make scalable plans for future growth. Protect your company's financial health by learning your way around these three financial reports....

What exactly is profit in a business? This article shows you how to avoid three common profit mistakes that can seriously affect the success of your business. 1. Sales are NOT profit 2. Markup is NOT profit margin 3. Profit is NOT your salary Find out why and how to avoid these mistakes that can end your business success.

Success is a step by step process, are your steps lined up? Discover the best way to get it done fast.

Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: 1. Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight pivots to create a new form of income? For instance, if you run a coffee shop or restaurant, could you start a delivery service or offer a drive-thru pickup? Should you charge for delivery? Think about what you currently have and how you can do more with the assets you already have. 2. Use the power of technology. There are countless apps you can use to serve your customers better. If you don't have a website, you should consider getting one built if you want to establish your presence online. You might also have online ordering options or online appointment booking for consultations. If you're a professional services provider, consultations can be booked with tools like Calendly and go virtual through low-cost video conferencing options like Zoom and Go-To Meeting. 3. Sell merchandise. You might start selling merchandise that is relevant to your business. You can ask your customers to support you through these difficult times by buying a hat, a shirt, or other products. This can work well if you partner with a charity or get your customers input into the merch you will sell. 4. Send invoices digitally and offer mobile/online payment options. With social restrictions and lockdowns, it is important to give your customers a way to pay you without having to visit your office or store. You can find a lot of reasonably-priced invoicing systems which allow you to send digital invoices and get paid online. Drop us a message if you need help with this. 5. Offer discounts and promos. Almost everyone else is having a tough time just like you. So if you can, you might want to consider offering discounts and special promotions to attract customers even during the COVID-19 crisis. These are just some of the ways you can bring in more cash into your business. If you want to develop a focused approach and need tailored business advice, feel free to contact us so we can discuss your specific situation. https://wowzer.ourclienthub.com/how-to-add-revenue-streams-without-spending-a-fortune/

Understanding depreciation and how it affects your bottom line is worth 5 minutes of your time...check this out! If you think about your assets that are personally owned and they're not on your books, I would like to suggest that you have a look and see if they are. If their not, feel free to even contact us for a free financial health check.

Find out what saves you the most time and money, automation or administration. Can you do both and save time and money? You need to know, your business could depend on it for survival. For most administration tasks; “If you can think it, you can automate it.” Chances are there's a business automation that can help you. That old saying of “there's an app for that,” is actually true…at least in this case.

THE SUBCONSCIOUS MIND consists of a field of consciousness, in which every impulse of thought that reaches the objective mind through any of the five senses, is classified and recorded, and from which thoughts may be recalled or withdrawn as letters may be taken from a filing cabinet.

It's important that we learn how to think more than what to think. A question should ask yourself is "What is possible?" because that allows you to expand your mind and have other ideas that you maybe never had before. I want to tell you a story from a book that I read, Think and Grow Rich, by Napoleon Hill. In the book where he talks about the mind and thinking, Hill tells the story of two individuals who got together at the turn of the 19th century. One was a drugstore clerk and the other was a doctor.

The success movement was started long ago, long before the movie “The Secret” and success guru's like Anthony Robbins arrived on the scene. Meet Wallace D. Wattles a pioneer of the New Thought Movement, the inspiration to Napoleon Hill, Earl Nightingale and Dale Carnegie. Listent to this podcast and get the simple methods you can start implementing today.

Success can be defined in a lot of different ways. The most common one is financial success, but the reality is it takes more than just finances to be successful in life. If you are a financial success and don't have a family, are you really a success? We should strive to be well balanced in all areas, such as family, finances, relationships, our career or business. Here's how...

Our subconscious is like an eight-year-old child and this child is doing everything it can to protect us from any harm, which is good. But it doesn't advance us because it's programmed a certain way. The subconscious mind works like this; it says, "this is what I know, and I'm going to protect you." I realized that my subconscious mind has got the directives that have come from my past, whatever they could be, they could have come from my parents, could have come from my teachers, or come from the other people around me, things that I've watched. There are many things that those directives could have come from.

Wouldn't it be great if the home was a place where it was fun to be? That's up to you and it's up to every one of us to our make your home a priority to make it so that everybody including yourself wants to be there.

When we listen more than we talk, I found that I've gained valuable insight. I have also gained a friend because that's what happens when you listen to someone, and they really, really believe that you are engaged in that you really want to hear what they have to say.

If you don't pay the right person for the right job, are you throwing your money away? Or is there a better way to get the best good results? The key component is hiring the right person, company, employee to sit on the right seat in the bus that you're driving. Without that, it's like pulling people as opposed to them actually going ahead and doing the things that are require.

The Enron Corporation practiced deception and the results need to be remembered for every business person. Check out what happened to them, it's not pretty. http://wowzertech.com/ https://www.facebook.com/BestCloudAcc... Follow us on Facebook Cloud Accounting and Bookkeeping Automate your business. Business Culture Solutions, Get back your time and money by outsourcing your bookkeeping and accounting. Specialized software for Amazon and Shopify Sellers. small business accounting software small business software Xero business accounting software Accounting Automation

One of my favorite stories of all time is from the NFL, Bill Walsh and the San Francisco 49ers. Bill Walsh came into a team that was 2 and 14, and really it wasn't anything to write home about. They were just a perennial loser and he took over and he changed the culture, right from the beginning.

How I went from a love of numbers and predictable business information to the edge of quitting forever! The accounting and bookkeeping industry needs to change to suit small business needs and give them the same advantages as big business, with big budgets.