A Documentation Strategy Unleashed
A great strategy for keeping a business on the track to success is having a documentation system in place that is effective and manageable. In order to have this type of system, there are three key ingredients to making it work. The three ingredients are permanent files, regular files and a daily diary.
Permanent files are records that include your stock purchases and sales, any equipment purchases and sales, all of your prior year's tax returns and documents, and any other content that is similar. Rule of thumb is that you should keep any records that pertain to more then one tax year. Property purchases should also be included in this file. Anything pertinent such as closing statements, deeds, and any purchase documents or expenses that are related to these purchases.
A daily diary is another important ingredient. This can also be referred to as an appointment book or a daily scheduler. This will be the main part of your system. The size of your business will determine how much of a role your daily diary will play. If you have a larger business, it will not be as important as it would be to a smaller business. The items you should include in your daily diary is a list of all your scheduled appointments, your travel arrangements and schedule, and information and notes that pertain to your business contacts.
The last part of the system is your regular files. These files consist of any and all time sheets for employees you may have working for you, your general receipts, invoices and canceled checks and any other documents or information you have that will be of use if needed.
These simple strategies will help ensure your business will be running smoothly and efficiently. It will also help in the event you need any of this information available at hand. If you keep good records and a good filing system, you will make a better business for yourself as well as others.
*Thanks to "Tax Strategies For Business Professionals" by Sandy Botkin for the facts and information provided in this article.
A Documentation Strategy Unleashed - To learn more about this author, visit Ruth Pringle's Website.
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Leanne Hoagland-Smith
Are your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else?
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Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations,
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George Ludwig
George Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance.
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George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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