Starting with the basics gives you a solid understanding of the functions of your business and allows you to build from there.
✅ Accounting Basics: The basics of accounting starts with the identifying how you will track and record the activities in your business. Identify the processes that allow you to systematically record the transactions for your business in an effort to produce meaningful numbers for decision-making.
✅ Financial Management: Once you have the accounting systems in place to produce meaningful numbers, you can use that information to make financial decisions. Wouldn’t you like to know the impact of the dollars spent in your business or where you will get the highest return? That’s exactly what financial management is. You should be focused on managing the finances of your company as efficient as possible, which starts by making informed decisions.
✅Sales – Sales, sales, sales, we all know the drill. Sales are what keep our lights on and the bills paid. Well, actually it’s the cash, but that cash is produced by the sales… Your business thrives on sales and it needs to be a major factor for your business. Identify your sales systems and processes and work to keep them as efficient as possible as your company begins to grow.
✅ Marketing: Even the greatest products and services will go unsold if the marketing is not correct. You need to be laser focused on your marketing and make sure your message is clear. Spend time learning and reading about the frameworks of marketing and crafting the perfect campaigns to represent your brand.
✅ Operations Management: Often overlooked by business owners. Why? Because you are busy handling a million other important tasks. But how much is it costing you? Simply put, when your business is not operating efficient, you lose money. Operations management teaches you how to operate a lean company that runs efficiently.
Keep growing, keep learning and continue to implement the basic principles of business into your company 😎✌️