Habits & Practices

A Note From Monique

I met up with so many friends and clients back in January at Christine Kane’s Gold Mastermind Retreat.  Here I am with my client, Wendy Schneider of www.artsontherocks.com.  She is an artist and mentor to artists and she leads fabulous artist retreats on Saba, a small jewel of an island in the Caribbean.

Monique

Featured Article: Habits & Practices

A common question I get asked by people starting out in their business is, “What are the basic things a small business owner needs to know about record keeping?” A related question is, “What habits and practices should I be putting into place as I grow my business?”

The answer lies in that second question: develop habits and practices.

This’ll be a short post today, just a few tips to get you started thinking about this. I’ll be posting again about this important subject.

Tip #1: Identify and embrace your personal style.

Go with your natural tendencies, not against them. If you prefer to file your paperwork once a week, then keep a folder labeled “To File” to gather stuff throughout the week, and pick a day once a week where you file them away. If you’d rather file them away as you go along then, by all means, do so.

Tip #2: Do not be going to the bank to make deposits.

Argh!! This is such a waste of time. Instead, bill your clients directly from your QuickBooks and receive payments electronically into your checking account. If you are still taking paper checks, there are ways to scan them into your checking account. You don’t ever need to physically go to your bank again.

Tip #3: Balance your checkbook once a month.

I am stunned at the number of folks who don’t do this. I couldn’t sleep at night if I didn’t, but that’s me, I know.