strategic bookkeeping 101: success for small … · strategic bookkeeping 101: success for small...
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STRATEGIC BOOKKEEPING 101: SUCCESS FOR SMALL BUSINESSES
SYSTEMSIX
WEBSITE
CU
LTURE
ISAN
INVESTM
ENT-N
OT
ANEXPEN
SE
CU
LTURE
ISAN
INVESTM
ENT-N
OT
ANEXPEN
SE
4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
Leadership
Operations
Products & Services
Sales & Marketing
4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
LeadershipVision
Mission
Core Values
VISIO
N
A world where people are valued, others come first, excellence is delivered, a positive culture is created, life balance and profit are achieved, and joy is a daily occurrence.
Vision
VISIO
N
50 New Clients
50 Percent Gross Profit
100 % Client Satisfaction
Vision2010
VISIO
N
System six believes that our clients’ success is our success.
We provide high-value bookkeeping and accounting services to small business owners, helping them achieve their goals while mutually pursuing profitability, all to the glory of God.
Mission
CO
REVALU
ES
1. CUSTOMER
We are completely client focused. We exist to serve our clients and help them achieve their goals. Our clients’ success is our success.
Core Values
OU
RC
LIENT’SSU
CCESSISO
UR
SUCCESS
CO
REVALU
ES
2. INTEGRITY
We strive for excellence and attention to detail. We do what is right, with no short cuts.
Core Values
CO
REVALU
ES
3. CULTURE
We create a positive and lasting culture that attracts, retains, and rewards our employees, clients, vendors, and community. We treat others the way we want to be treated.
Core Values
CREATIN
GC
ULTU
RE–C
ELEBRATING
TEAM
CO
REVALU
ES
4. PROFIT
We are a profitable company.
Core Values
CO
REVALU
ES
5. STEWARDSHIP
We believe in stewardship and are generous with our time, our talents, and our money.
Core Values
CO
REVALU
ES
6. Priorities
Jesus first,Family second, Company third.
Core Values
4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
LeadershipVision
Mission
Core Values
4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
Leadership
Operations
Products & Services
Sales & Marketing
4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
Operations Financial Controls
Systems for Duplicate-able Success
Excellence in Execution
Daily/Weekly/Monthly/Quarterly
Strategic Review
Measuring Success.Are goals being reached?
FINAN
CIALCO
NTRO
LS
Financial Controls
“A good financial system makes your business run. Clean bookkeeping that provides good instrumentation is worth a lot of value.”
Steve NelsonCPA and author QuickBooks & Quicken for Dummies
FINAN
CIALCO
NTRO
LS
Financial Controls
“If you can’t measure it, you can’t manage it.”
Steve LaFeverFounder and Creator, Profit Mastery University
FINAN
CIALCO
NTRO
LS
Financial Controls
WHAT
TOM
EASURE
Financial Controls What to Measure
Income/Expenses
SALES
By Biz Segment
SALES
By Customer
EXPENSES
In Detail
Balance Sheet
Cash on Hand
A/R
Accounts Receivable
A/P
Accounts Payable
Debt
HO
WTO
MEASU
RE
Excellent Execution How to
MeasureBusiness
vs. Personal
Separate Bank
Accounts
Good Record Keeping
Audit Proofing
Tech
QuickBooksMozy
Fileworks
Systems Checklists
AccuracyInvoicing
Day-to-dayReconcile
HO
WTO
MEASU
RE–B
OO
KKEEPING
SYSTEMS
Excellent Execution
WHY
TOM
EASURE
Strategic Review Why to
MeasureProfit
Pay down Debt
In Your Pocket
Expand Business
Performance
Work In the Business
Key IndicatorsDrivers
Goals
E-Myth
Steer the Ship
Work On the Business
WHY
TOM
EASURE
Strategic Review Gross Revenue
is a function of:
# Buyers
$$Average
Transaction Size
Frequency(Reasons to
Buy)
WHY
TOM
EASURE
Strategic Review Revenue
Ratchet
##
Increase Buyers
$$Increase Average
Transaction Size
Increase Frequency
(Reasons to Buy)
VISIO
N, VALU
ES, MISSIO
N-O
UR
CLIEN
T’SSUCCESS
ISOU
RSU
CCESS
CELEBRATIN
GTEAM
TOG
ETHER–
WELO
VEWHAT
WED
O