Is your business profitable? If you’re pointing enthusiastically to the balance in your bank account, and nodding your head “Yes,” you may be in for a big surprise. The fact of the matter is that cash in your account doesn’t necessarily translate into profit in your pocket. Why? Because the money you have on hand today doesn’t always reflect the payments coming due
Are you a Duct Tape Business?
Does this sound like you?
At first, it’s kind of fun. You offer this thing you do. Someone buys it. Then you try something else. That works too. Bam, you have a business. After a while, there’s no time to plan because things are rolling along too quickly. So, you hire someone because you need someone. You tell them you need things done but they do not seem to meet your standards. There no time to train them because you are so busy and they should know what to do anyway you hired someone with experience.
Have you ever thought to yourself, “One of these days people will realize I do not know as much as they think,” then you are in excellent company!
The Imposter Syndrome is a psychological phenomenon in which people are unable to see their own accomplishments, dismissing them as luck, timing, or as a result of deceiving others into thinking they are more intelligent and competent than they believe.
This problem is only getting worse as more of us are tied to our online presences; we are in this culture where you have got to sell yourself aggressively while remaining authentic. You need to be yourself and more.
Getting abandoned by your old bookkeeper can leave you feeling frantic and distressed. It’s not like you can put your business on hold while you look for a solution – and as you look, you want to make sure your next bookkeeper is going to be the right fit. When you engage any kind of professional service, it’s important to be ready with a back-up plan in case something goes awry. Whether your bookkeeper quit abruptly, or if you were the one who cut ties because your standards weren’t met, there are steps you can take to ensure that your business doesn’t freefall from its upward trajectory.
When one door closes, an opportunity opens up. Here are some tips to handle the relationship postmortem: