strategic bookkeeping 101: success for small … · strategic bookkeeping 101: success for small...
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STRATEGIC BOOKKEEPING 101: SUCCESS FOR SMALL BUSINESSES
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SYSTEMSIX
WEBSITE
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CU
LTURE
ISAN
INVESTM
ENT-N
OT
ANEXPEN
SE
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CU
LTURE
ISAN
INVESTM
ENT-N
OT
ANEXPEN
SE
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4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
Leadership
Operations
Products & Services
Sales & Marketing
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4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
LeadershipVision
Mission
Core Values
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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
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VISIO
N
50 New Clients
50 Percent Gross Profit
100 % Client Satisfaction
Vision2010
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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
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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
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OU
RC
LIENT’SSU
CCESSISO
UR
SUCCESS
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CO
REVALU
ES
2. INTEGRITY
We strive for excellence and attention to detail. We do what is right, with no short cuts.
Core Values
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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
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CREATIN
GC
ULTU
RE–C
ELEBRATING
TEAM
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CO
REVALU
ES
4. PROFIT
We are a profitable company.
Core Values
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CO
REVALU
ES
5. STEWARDSHIP
We believe in stewardship and are generous with our time, our talents, and our money.
Core Values
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CO
REVALU
ES
6. Priorities
Jesus first,Family second, Company third.
Core Values
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4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
LeadershipVision
Mission
Core Values
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4 KEYA
REASO
FBU
SINESSFO
CUS
Business Process Model
Leadership
Operations
Products & Services
Sales & Marketing
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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?
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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
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FINAN
CIALCO
NTRO
LS
Financial Controls
“If you can’t measure it, you can’t manage it.”
Steve LaFeverFounder and Creator, Profit Mastery University
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FINAN
CIALCO
NTRO
LS
Financial Controls
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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
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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
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HO
WTO
MEASU
RE–B
OO
KKEEPING
SYSTEMS
Excellent Execution
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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
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WHY
TOM
EASURE
Strategic Review Gross Revenue
is a function of:
# Buyers
$$Average
Transaction Size
Frequency(Reasons to
Buy)
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WHY
TOM
EASURE
Strategic Review Revenue
Ratchet
##
Increase Buyers
$$Increase Average
Transaction Size
Increase Frequency
(Reasons to Buy)
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VISIO
N, VALU
ES, MISSIO
N-O
UR
CLIEN
T’SSUCCESS
ISOU
RSU
CCESS
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CELEBRATIN
GTEAM
TOG
ETHER–
WELO
VEWHAT
WED
O