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Back to Basics for Business Owners

by | Nov 25, 2009 | Observations

Accounting Web recently covered Barry Schimel’s keynote speech and the Thompson Reuters Annual Users Conference.  Schimel is the president of BizActions and author of several books on profitability.

Schimel made three key points in his speech that are good pieces of advice for any business owner. 

1. Clients should be viewed as people, not numbers
2. Technology is required to consistently communicate timely value-added ideas and strategies to clients
3. Strategy and process are key to profitability.

His points may seem simple and obvious, but too many times business owners start to lose sight of the simple things. 

As we near the end of the year, it’s a good time to take a step back and look at your business with an objective eye.

• Are we providing value to our clients?
• Does my team have the tools they need to be efficient?
• We’ve survived the economic uncertainty of 2008 and 2009.  What did we do right?  Where can we improve for 2010?

I’ve written before about now is the time to be getting back to basics, and I think this will continue into 2010.  

PKF Texas recently published more than 50 of the most popular PKF Texas – The Entrepreneur’s Playbook scripts as a book.  Visit www.pkftexas.com/publications for more information.
 

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