Creating order in times of chaos

by | Sep 22, 2020 | MMS, Auditing, Consulting Services, Finance, Payroll | 0 comments

Tags: Accounting
Reading Time: 3 minutes
Business success is facilitated by order. As an entrepreneur, starting a business is like walking a tightrope. How can you be a technician of success as a business owner? The business needs to run without you. If your business is in a state of chaos, you will unlikely be successful and profitable. Efficiently run businesses are those that work for you, instead of you doing the work of the business.
Creating order in choas
How to create order in your business from a place of chaos
  • Ask yourself how this business can run without you?
    Do not start a business for you to work, start a business that works for you and can run without you.
  • Systemise your business
    Get the software or invest in the apps that streamline your business efforts. Systems and applications are designed to monitor processes and possibly automate them. Think of, for example, your accounting needs and how you can automate it.
  • Define your business structure
    Take note of every detail or activity and role that it takes to run your business and document it. Although this could prove to be a time-consuming task, the pay-off is well worth the effort and hours spent.
  • Learn to love administration
    You cannot escape the administration requirements in order to sculpt a profitable business. If you cannot pay attention to the administration needs of your business, ensure you partner with an outsourced firm to do this for you or hire the right person for the job.
  • Allocate roles and activities to your employees
    It is impossible to fulfil the role of 6 different people in 1 person. You will drop the ball if you try to handle all the processes, roles and activities by yourself. If you cannot hire the human capital to do so, outsource it.
  • Write and document your business processes
    Once you have defined your business’ activities, design processes for them. Define sequential steps to be taken for each activity and document them. Ideally, there should be between 12 and 20 steps for each activity.
  • Find the time to work on your business
    Maximise the value of your business, whether you decide to sell it or not.
The MMS Group offers the following services that can assist you in wading through the chaos in achieving order within your business:
  1. Financial Reporting Services
  2. Auditing
  3. Financial and Cloud Accounting
  4. Payroll
  5. Consulting
  6. Taxation
  7. Trust Services
  8. Secretarial Services

Reach out to us for assistance in creating order within your business. Our professional services can alleviate the need to micro-manage your business and streamline your activities and processes. To see our full list of services, go to: https://www.mmsgroup.co.za/financial-reporting-services/

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