Anita Luthy of AMR Business Solutions can help small to mid-size business save thousands of dollars just by organizing your books. Organization, is a cornerstone for savings. When you take the time to get organized everything else falls into place. You start by cleaning out your filing cabinets at the end of the year. This allows for a new set of files that you can clearly label and organize into your file cabinet. We recommend two digital backups of all your paperwork. Today, you must have electronic backups of all hard copies. You should have one digital backup on your computer or external hard drive and the other in the cloud offsite.
After you get organized, the rest falls into place. You must then keep track of all incoming paperwork keeping in the right files. It begins with current invoicing and making sure bills go out on time. This will increase cash flow and maintain a constant flow of money every month. You will also identify who is late and address those clients first to bring them current. Paying your bills on time will also save you money because most companies offer a discount for on-time or early payments. If you have the cash coming in you can take advantage of these discounts that add up over time.
Another way to save even more money is organizing your checkbook. The majority of small businesses pay significant amounts of money in overdraft fees, not to mention this is not good for your credit. “I have saved businesses thousands of dollars in overdraft fees that have more than paid for my services”, said, Anita. Most clients are not even aware of what banks charge for miscellaneous services. Just a checking account alone can have fees associated with it that add up over time if you are not looking. Something as simple as maintaining a specific balance can add up over time on some business accounts.
If you have any questions about your bookkeeping or would like a FREE consultation, please give Anita Luthy from AMR Business Solutions a call at: 973-946-8401
Are your sales slowing down? Do you find cold-calling to be an arduous process with little or no success? Then you need to consider networking to increase your sales and put more money to the bottom line. Many people do not realize the value that networking can provide to their business. You can start by creating a list of family and friend’s then, ask each one of them to supply you with as many names of people who they feel can provide products and services so you can recommend their services. This will provide you with a good start and you can build your network quickly utilizing these immediate connections because the trust factor has already been established through your friends and family.
Once you have embraced the success of networking you will want to take it to the next level by joining an organization or group that specializes in networking. A good networking group will provide you with a serious group of entrepreneurs who are looking to help one another by passing quality leads and referral to one another. The individuals with the highest success rate are usually the ones who provide referrals first and do not ask for anything in return. Building trust and rapport among your colleagues is a sure way for you to get better quality referrals as well.
Networking success will come in various ways, but don’t expect quick results. Networking is in many ways like farming, you have to work hard before you can harvest the crop. The hard work begins with you creating and exciting way of getting your message across to your peers so they know exactly what to look for in order to refer someone to you. This is sometimes called your elevator pitch and it needs to be honed and practiced to perfection. It is never too late to start networking and growing your business for success.