STRATEGIC BOOKKEEPING 101: SUCCESS FOR SMALL … · STRATEGIC BOOKKEEPING 101: SUCCESS FOR SMALL...

STRATEGIC BOOKKEEPING 101: SUCCESS FOR SMALL BUSINESSES

SYSTEMSIX

WEBSITE

CU

LTURE

ISAN

INVESTM

ENT-N

OT

ANEXPEN

SE

CU

LTURE

ISAN

INVESTM

ENT-N

OT

ANEXPEN

SE

4 KEYA

REASO

FBU

SINESSFO

CUS

Business Process Model

Leadership

Operations

Products & Services

Sales & Marketing

4 KEYA

REASO

FBU

SINESSFO

CUS

Business Process Model

LeadershipVision

Mission

Core Values

VISIO

N

A world where people are valued, others come first, excellence is delivered, a positive culture is created, life balance and profit are achieved, and joy is a daily occurrence.

Vision

VISIO

N

50 New Clients

50 Percent Gross Profit

100 % Client Satisfaction

Vision2010

VISIO

N

System six believes that our clients’ success is our success.

We provide high-value bookkeeping and accounting services to small business owners, helping them achieve their goals while mutually pursuing profitability, all to the glory of God.

Mission

CO

REVALU

ES

1. CUSTOMER

We are completely client focused. We exist to serve our clients and help them achieve their goals. Our clients’ success is our success.

Core Values

OU

RC

LIENT’SSU

CCESSISO

UR

SUCCESS

CO

REVALU

ES

2. INTEGRITY

We strive for excellence and attention to detail. We do what is right, with no short cuts.

Core Values

CO

REVALU

ES

3. CULTURE

We create a positive and lasting culture that attracts, retains, and rewards our employees, clients, vendors, and community. We treat others the way we want to be treated.

Core Values

CREATIN

GC

ULTU

RE–C

ELEBRATING

TEAM

CO

REVALU

ES

4. PROFIT

We are a profitable company.

Core Values

CO

REVALU

ES

5. STEWARDSHIP

We believe in stewardship and are generous with our time, our talents, and our money.

Core Values

CO

REVALU

ES

6. Priorities

Jesus first,Family second, Company third.

Core Values

4 KEYA

REASO

FBU

SINESSFO

CUS

Business Process Model

LeadershipVision

Mission

Core Values

4 KEYA

REASO

FBU

SINESSFO

CUS

Business Process Model

Leadership

Operations

Products & Services

Sales & Marketing

4 KEYA

REASO

FBU

SINESSFO

CUS

Business Process Model

Operations Financial Controls

Systems for Duplicate-able Success

Excellence in Execution

Daily/Weekly/Monthly/Quarterly

Strategic Review

Measuring Success.Are goals being reached?

FINAN

CIALCO

NTRO

LS

Financial Controls

“A good financial system makes your business run. Clean bookkeeping that provides good instrumentation is worth a lot of value.”

Steve NelsonCPA and author QuickBooks & Quicken for Dummies

FINAN

CIALCO

NTRO

LS

Financial Controls

“If you can’t measure it, you can’t manage it.”

Steve LaFeverFounder and Creator, Profit Mastery University

FINAN

CIALCO

NTRO

LS

Financial Controls

WHAT

TOM

EASURE

Financial Controls What to Measure

Income/Expenses

SALES

By Biz Segment

SALES

By Customer

EXPENSES

In Detail

Balance Sheet

Cash on Hand

A/R

Accounts Receivable

A/P

Accounts Payable

Debt

HO

WTO

MEASU

RE

Excellent Execution How to

MeasureBusiness

vs. Personal

Separate Bank

Accounts

Good Record Keeping

Audit Proofing

Tech

QuickBooksMozy

Fileworks

Systems Checklists

AccuracyInvoicing

Day-to-dayReconcile

HO

WTO

MEASU

RE–B

OO

KKEEPING

SYSTEMS

Excellent Execution

WHY

TOM

EASURE

Strategic Review Why to

MeasureProfit

Pay down Debt

In Your Pocket

Expand Business

Performance

Work In the Business

Key IndicatorsDrivers

Goals

E-Myth

Steer the Ship

Work On the Business

WHY

TOM

EASURE

Strategic Review Gross Revenue

is a function of:

# Buyers

$$Average

Transaction Size

Frequency(Reasons to

Buy)

WHY

TOM

EASURE

Strategic Review Revenue

Ratchet

##

Increase Buyers

$$Increase Average

Transaction Size

Increase Frequency

(Reasons to Buy)

VISIO

N, VALU

ES, MISSIO

N-O

UR

CLIEN

T’SSUCCESS

ISOU

RSU

CCESS

CELEBRATIN

GTEAM

TOG

ETHER–

WELO

VEWHAT

WED

O