Money leaks in your business

Ever count the money leaks in your business? Savvy firm owners figure out how to quickly plug a hole once it’s discovered. With so much on your plate, it’s easy to allow the little problems to be ignored.

The issue suddenly jumps to the top of the list when crisis arises. Now you’re in action (primarily to eliminate the stress).  And possibly, kicking yourself for not doing something earlier.

Tens of thousands of dollars of lost income can be traced back to money leaks in your business and lack of follow through. Let’s get real about it; delaying a decision impacts your bottom line and your accounting firm’s growth.

What’s the size of your money pit?

Tens of thousands of dollars of lost income can be traced back to money leaks and lack of follow through. Read full post. #getpaidwhatyoureworth Click To Tweet

From my close work with accounting professionals, I realized this issue is epidemic. Accountants lose income when they allow something hot to go cold. Maybe you waited too long to return a phone call. Or, you forgot to deliver on a promise. Consider how much income you lose because something falls through the cracks.

These are the obvious costs for not following through:

• Income
• New clients
• Losing current clients

The hidden money leaks in your business are even more important.

• Integrity and trust
• Reputation
• Frustration and overwhelm
• Anxiety and emotional well being
• Time and efficiency
• Overflow into other areas of your life

Those hidden costs frequently have a longer term impact on your firm’s growth. This is more than a money issue. Lack of follow through impacts your personal life, too.

Multiple benefits occur when you plug the money leaks in your business. Read post. #getpaidwhatyoureworth Click To Tweet

As they say, how you do anything is how you do everything.

Why do important things fall through the cracks?

• Spread too thin
• Don’t want to seem pushy
• Don’t like to be “sold to”
• Avoid confrontation
• Procrastination
• People pleaser and desire to be liked
• Lack of system in place
• Keep everything in your head

Prevention requires less energy than intervention. Think about all the times you stared at the phone wanting to make a call, but didn’t. Like after you send a proposal and there’s dead silence.

Too much stuff leads to indecision. Avoidance which stems from indecision is energy draining.

No more excuses

Wondering how to grow your accounting firm? It starts with you. Yes, changing your approach requires additional energy and effort at first, simply because it’s uncomfortable. Small changes start to improve your firm. Notice how your energy shifts when you finally decide to fix the issue.

Multiple benefits occur when you plug the money leaks in your business. Suddenly you’re stepping up where you used to step away. What else would change for you?

Start paying attention

I encourage you to resolve the issue before it gets too painful. You see, energy is freed up because you finally addressed something which required your attention. Resolution of the money leak sends a powerful message that you’re paying attention and ready to grow your accounting firm.

If you’re tired of losing money in your firm due to lack of follow through, then let’s plug that hole.

Prevention requires less energy than intervention. So, let's plug up the money leaks in your accounting firm. Read full post. #getpaidwhatyoureworth Click To Tweet

Empowered to follow through

As you know, lack of follow through is costly. The change starts when you finally get tired of tolerating the status quo. Whether, or not, change occurs, it’s your decision.

The decision to follow through where you used to avoid action is highly empowering. Your choices impact your firm, your clients and your life. Clear the gunk, plug the money leaks in your business and enjoy the rewards. List the the benefits of taking charge. Then define the action steps you plan to implement.

If you’re tired of those money leaks in your business, then now’s your time to do something about it. Follow these steps to improve cash flow and grow your accounting firm. Right NOW claim your FREE RESOURCE to double your income working half the time.