Admin tips for business

Making time to work ‘on’ your business as well as ‘in’ your business is crucial. Below are just a few recommendations to make your business more Healthy and Wealthy…

Time management

  • Annually spend 2-3 days reviewing your successes, defining where you are headed and clarifying your vision
  • Have a weekly staff meeting
  • Every 3 months have a strategy meeting with senior staff, to review and set goals for finance, sales, marketing and resources. Communicate the results with the rest of the team
  • Delegate everything that does not have to be done by you
  • Spend one day a week ‘working on’ your business

Finances

  • Ensure your business is in good enough shape to sell at any time
  • Work with quality Accountants, Book-keepers, Bankers and Solicitors
  • Have a financial budget for the next three years
  • Ensure you have appropriate insurance for the buildings, sickness, tax investigations etc
  • Know your daily, weekly, monthly annual sales targets
  • Know your cash flow needs
  • Know what your gross profit margins are
  • Ensure all income, sales, payroll and taxes are up to date
  • Plan and set aside money each month for taxes and submit tax return on time
  • Regularly review suppliers charges and renegotiate or change suppliers as necessary
  • Have pension plans

If you would like the help and support of a business coach, contact Jane Lelean on 01296 770462 or jane@healthyandwealthy.co.uk or click here to sign up for our free e-newsletter and receive regular tips and advice.

Would you like to know more?

For business coaching contact Jane Lelean...

Get your free e-book - 'The tooth about dental practice'...
Sign up for our Newsletter »

Call 01296 770462 or 07989 757884
Email jane@healthyandwealthy.co.uk

In association with