Setting Goals Archives » Checkbox Accounting

20Jun 2017 by Fred Crooks No Comments

The Four Biggest Questions You’ll Ask Yourself as a Business Owner

There are many reasons for starting a business. Perhaps you’ve spotted a gap in the market. Maybe you’ve grown weary of working for someone else. Or it might just be the fulfilment of a lifelong dream to be your own boss. No matter your reason for taking the leap as an entrepreneur, you will encounter a number of concerns as you progress. It’s important that you know how to recognize and handle these concerns so as to avoid derailing your business. In dealing with many small and medium-sized businesses over the years, we have been able to distill some of these concerns down to four of the most common questions. At some point in your business journey, you will find yourself asking a variation of the following: How will I…

05May 2015 by William Simi

Focusing on Overhead: The Nonprofit Circle

Business Advisory, FREE Business Tools: Learn the Secrets, Non Profit Principles: Steering You in the Right Direction

Think about how you donate to charities; do you focus on the percentage of your dollar that will actually go towards the cause? If for every one dollar donated 50% of the amount goes towards the cause, would you still donate? How about 40%? 30%? 10%? Here is some food for thought. Overhead expenses and the cause or goal of the nonprofit can be two good measurable indicators of success within a nonprofit organization. The Bill and Melinda Gates Foundation point out that they use many measurable indicators to prove their cause is a success without limiting themselves to JUST the overhead metric. Their causes or goals are measurable, attainable, and set within a time limit to encourage continued movement towards the goal/cause. SMART goals, as you might have heard them referred to in…

13Dec 2014 by William Simi

Keep Your Equity: Expanding Your Business Without Outside Investors

Business Advisory

By: Bill Simi If you are trying to grow your company, you know it takes two things: time and money. Your time is limited to the number of hours you, personally, can invest. Then you need money to hire people – essentially buying more time. How can you generate enough money to buy peoples’ time without getting outside investors involved, and losing equity in your company? When you need to bring money in right away, there are two ways to do it: offer equity or assume debt. By offering equity, you gain immediate funding, but you lose future profits and some control of your company. Assuming debt may be a better “investment” for you. Opening a line of credit or getting a loan from a bank may cost less long…

11Sep 2013 by William Simi

The Envelope System: How to Create a Budget to Reach Your Goals

Business Advisory

By Fred Crooks Creating a budget can be a tricky task. Allocating money to different areas of your life or business takes time and effort, and occasionally some deep introspection into your personal spending habits. Sticking to a budget can be just as tedious, particularly if you don’t have a great system for remembering how much money is budgeted for what. But creating and following a budget is a critical practice if you want to achieve success. Very few people achieve success in life or in business without a plan. Budgeting is exactly that: a plan – for your money. When you have a plan, it’s far easier to reach your goals than going at it blindly. How you create your budget depends on your goals. If you are working…

Tag: Setting Goals