It’s officially end of year - the sprint to the end is on! This season is so full of joy and fun…..and usually quite a bit of stress. For advisory firm owners we work with, they are juggling the drive to end the year strong, the demands that come with running a business - while also aiming to be fully present with their families for the moments that will last far beyond this year’s business close. Often stressful things are exacerbated because we do not have a plan of attack. It is big and ambiguous and we procrastinate starting because we do not know where to start. Or, we avoid it because it is a part of the business we really do not enjoy. Reviews, development plans, and compensation planning for your team tends to be one of the top things we hear about in this category. It seems there is no direct clean answer, no path to follow, no 1+1=2 to just plug in to. Between the complexity of dealing with human beings and the complexity of dealing with industry compliance - it can be a real trick to get it right. Having a plan and some predetermined guardrails to operate within can greatly reduce the stress and make it SO much easier to tackle this season. For that reason we are holding a special session for our clients to dive deep in to exactly that. We will be joined by two of our amazing COO clients on a panel to give everyone a sense of real life examples to draw from. We are opening this session up to join us for $100 if you would like help with this too. Reply COMP and we will send you the info!
Heidi Hoium’s Post
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Would you like to be ahead of yourself in your business before 2025 starts? 🎄Knowing that all of the work that you need doing before the new year is all done, while you get on with working for your clients – how good would that feel? 🎅 End the year on a joyous note – and be able to relax over Christmas instead of stressing out over how much work you have to squeeze in before the end of the year. ⭐5 weeks can go AWFULLY quickly when you have SO MUCH TO DO! 🎁Think of it as a gift to yourself - the gift that keeps on giving. If the cost is putting you off, just know that my hourly rate is £35 an hour for a minimum of 2 hours a month – not much at all if you think about how much time that is going to give you back. You can add to those hours if you need more support too! 👉 DM me to make sure you have a great Christmas this year – so you get to spend that valuable time with your family, and not spending ANY time working! #Christmas2024 #Planning #Organisation #FinancialServices #FinancialPlanner #FinancialAdvisor #SME #SmallBusinessOwnerUK #SmallBusinessOwner #VirtualAssistant #VirtualAssistantSupport #Finance #Leadership #Leader
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🔑 Pain Point Spotlight: "Feeling like the year flew by without making the progress you hoped for?" It’s common to feel this way as the year wraps up, but what if you could shift that narrative? Start setting priorities and actionable steps now to make next year different. 💼 Our free course, Foundations of a Family-First Business, offers the tools and guidance you need to achieve both personal and professional growth. 👉 https://vsgstrategies.com/ 🔗 Share this with someone who’s ready to end the year on a positive note. #WorkLifeBalance #FamilyFirstBusiness
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In the absence of information, people make up their own story! Period! I’ve learned firsthand the consequences of being reluctant to share company financials with my team. When leaders withhold financial information, it often leads to misconceptions as teams fill in the blanks with assumptions. One common misconception is that sales always equal profits. Sara B. Stern, a fellow EOS Implementer, emphasises the importance of sharing financial data with the team. Transparent communication helps everyone understand the company's true financial health and fosters better team health and decision-making. https://lnkd.in/gFV2eNc5
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It’s summertime and with it comes lots of time away from the office and even, away from your business entirely. I know as a business owner myself that this can seem impossible to do. But your business needs you to take a break! In my latest blog, I make the case that it’s important for YOU as a business owner to take time out of your business…for a vacation, a project, a personal pursuit…whatever the case may be. And that this is equally important for each and every one of your team members, too. Check out the full blog here: https://lnkd.in/eYHt45-b #taketimeoff #fractionalCFO #anticipatoryaccountant #businessowners
Why Taking Time Off is Essential for Business Growth | KBS CFO Insights
https://www.kbscfo.com
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It’s summertime and with it comes lots of time away from the office and even, away from your business entirely. I know as a business owner myself that this can seem impossible to do. But your business needs you to take a break! In my latest blog, I make the case that it’s important for YOU as a business owner to take time out of your business…for a vacation, a project, a personal pursuit…whatever the case may be. And that this is equally important for each and every one of your team members, too. Check out the full blog here: https://lnkd.in/eYHt45-b #taketimeoff #fractionalCFO #anticipatoryaccountant #businessowners
Why Taking Time Off is Essential for Business Growth | KBS CFO Insights
https://www.kbscfo.com
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🚀 Today's the day for Ignitions webinar featuring industry pros Carla Caldwell and Nancy McClelland! 🌟 Don't miss out on valuable insights to transform your team's approach to tax season and beyond. Join them for an enlightening session on combating burnout, leveraging tech, and fostering a positive work culture! Register 👉 https://loom.ly/wfm26-w #Sponsor #Webinar #TaxSeason #WorkplaceWellness
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In today's dynamic business landscape, bookkeepers are demonstrating remarkable resilience and adaptability. This blog explores how bookkeepers are reassessing their values, refining business models, and finding new opportunities for growth and service. By pivoting their strategies and fostering stronger client relationships, bookkeepers are showcasing their true strength and resourcefulness. Dive in to discover inspiring stories of resilience and practical insights on navigating the ever-evolving challenges of the modern business world. Read “When the universe sends you lemons…” here: https://bit.ly/3S0sbzD #resilience #mindset #businessgrowth #thoughtleadership #bookkeepingbusiness
When the universe sends you lemons…
purebookkeeping.com
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Earlier this week, I posted about the owner dependence test, so it made me think of my own situation? Could I take a 3 week holiday away from my business? I think I could....ok, maybe two weeks...:) But how many of my managers could? In small businesses owner dependence is one thing, but there are also key staff dependencies. To be honest, at the beginning of this year, one of our biggest company goals, was for the senior leadership team to take more leave. The struggle is real. How are we doing? Not bad, so far we are 2 out of 4, 2 week + leave periods taken, with 2 to come. How have we done it? Capacity planning is key! - We have a financial model that translates the capacity we have which we compare to the work we have in the forecast. - This forecast gets finalised at the beginning of every month, and we try as far as possible to not deviate from the plan. It is easier to stick to the plan with more mature client engagements. The newer clients are more difficult, so it is important in this case to build slack into the system. There are other important components in the leave system, like having competent trained stand ins, communicating the plan to clients and prioritizing urgent work. But the financial model is a critical component. By design it helps balance service commitments and ensures that we have cash in the bank to fund downtime. In my experience the above model can be applied to any services business and it is imperative to have it in place. Have you taken enough leave this year?
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John duHadway acknowledges that finding the perfect balance between motivating employees and preventing complacency is a challenge many companies face. On one hand, companies go the extra mile to keep employees happy and incentivized—but these perks often come with the expectation of longer commitment, like a carrot dangling in front of them. As a separate subsidiary, John’s team experienced this firsthand—100% owned, yet the incentives were designed to keep them engaged. Watch the full episode here: https://lnkd.in/enRSbbVB ———————— 7 DEADLY BUSINESS EXIT MISTAKES YOU NEED TO KNOW BEFORE SELLING Make sure you are not making these costly mistakes and let years of hard work go to waste. Download our free eBook now to protect your financial future. https://lnkd.in/e9QrSMNR ———————— Connect John duHadway through these platforms ✉️Email: john@duhadwayllc.com 🌐Website: www.duhadwayllc.com 💬Linkedin: www.duhadwayllc.com 🗸 Twitter: https://lnkd.in/evatrFSU #EmployeeMotivation #Incentives #WorkLifeBalance
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