End of Year Prep, what you need to know
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Show Notes
Well it has happened again, another year almost wrapped up! The end of the year can signify it is the time for small businesses owners to prepare taxes, take inventory and make moves to set their best foot forward. In this laid back installment of the Business Growth Hacks Podcast, hosts Andrew Brockenbush and John Fritzsching will help you by serving up important year end tasks that can help propel your small business into the new year.
They will start by identifying where to get started and give you a few ideas on what those profit and loss numbers may mean for you. Next they take you through their strategies when it comes to goal setting. Finally, they wrap it all up with your business growth hack of the day.
Key Points from This Episode:
- Hello from our hosts Andrew Brockenbush (founder and CEO of Beefy Marketing) and John Fritzsching (video production specialist at Beefy Marketing)
- Podcast confessions, no Christmas gifts purchased yet or Christmas trees up.
- Recapping last years Christmas
- Icebreaker question: What is the best thing you have bought so far this year?
- Our hosts recap their favorite purchases throughout the year including camera gear and office space.
- Introducing today’s topic end of year planning with a question: what workflow changes have you made this year that benefited you the most?
- The importance of goal setting and getting your team on the same page and working toward the same goals
- End of year can be hard, preparing yourself can help ease the pain.
- Update your bookkeeping records.
- Review your revenue goals as well as profit and loss margins
- People, Culture, Profit.
- Today’s Business Growth Hack: Find an expert!
Tweetables:
"Because, you know, we can write goals down all day long, but if we don't start making steps in those directions, we're not going to get there." @johnthevideo [6:41]
“The thing is there's, there's so much that goes into running a business…” @abrockenbush [11:18]
And I think budgeting does not just mean money. It can also mean time. @abrockenbush [33:23]
Links Mentioned in Today’s Episode:
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