Effects of accounting on a business

Sara

It is always good as a business owner to follow up on accountants to ensure that they are competent and that they are up to date with all accounting standards. This will ensure the business books are up to date and as per requirement.

Especially when business is good, it's tempting to assume that your accountant has everything under control. But many accountants focus primarily on filling out quarterly tax returns without really tracking the performance of the underlying business. Most successful business owners understand that if they really want to manage their business, they need to get comfortable with the fundamentals of accounting.

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4 Secrets To Achieve Lasting Change In A Business

From this recent article in YFS, Stuart Hayes a professional Business Coach, pulls apart the main components of outstanding leadership and how these components work together to produce positive and lasting change. As a professional leader, the formula he makes use of to produce this change includes a straightforward four-step process which he goes into in the articles and is outlined here:

1st STEP-- ASK YOURSELF THE CHALLENGING QUESTIONS

2nd STEP-- FEELING THE INTENTION

3rd STEP-- DESIGN A SIMPLE PLAN OF ACTION

4th STEP-- ACCOMPLISH POSITIVE & SUSTAINABLE CHANGE

After going into considerable detail on these four steps he sums up making positive change in the following way:

Notably, as leader, the code of conduct or 'context' you develop around your team and its behavior is pivotal to their capability to stick together and then accomplish results.

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