Making Strategic Business Decisions

How Every Choice Can Contribute to Business Success

Every business decision you make impacts your ability to succeed in some way.  Often small business owners make emotional decisions rather than strategic ones.  On the other hand, many wait for all the facts before making a decision and, as a result, continually trail the competition.

There’s a better way to make decisions so they can positively impact the course of your business, and that requires implementing a more strategic approach.

Be Prepared

“Chance favors only the prepared mind.”  — Louis Pasteur

The first thing small business owners must recognize is that change is constant.  Your profession is always in flux and continually moving forward.  In order to keep up with the wonderful world of accounting you must be aware of change, and in some ways, anticipate it.  This requires you to, first and foremost, be prepared for change.  Acknowledge that it’s necessary and be on the lookout for signs and symptoms.

Do Your Research

“If we knew what it was we were doing, it would not be called research, would it?” – Albert Einstein

As an accountant you also need to recognize current industry trends and begin to anticipate future trends in order to better prepare for them.  Schedule time each day to do a little research and take note of things you find.  This will prepare you to develop a strategy that will respond to changes within your industry.

Plan Ahead

“Developing the plan is actually laying out the sequence of events that have to occur for you to achieve your goal.” – George L. Morrisey

Once you can anticipate, as best as possible, industry changes, you can begin to plan for them.  This is where you develop your strategy, which is basically a series of things you must do in order to accomplish a goal.  For example, you may develop a strategy to earn a professional designation as evidence of your expertise.

Implement Your Strategy

What you can do or think you can do, begin it. For boldness has magic, power, and genius in it.”  –Johann Wolfgang von Goethe

Once you develop your strategy you must decide when to take action.  Because strategic decisions are made in advance, you must determine the best time to implement your strategy.  Sometimes it’s easy to become stuck in the research and planning stages: paralysis by analysis.  At some point you must take action.

Increase Your Options and Your Earning Potential

Becoming a tax preparer is a good way to expand your practice.  It could supplement your current income while increasing your client base.  Universal Accounting Center has made it easy.

Our Professional Tax Preparer program includes the following:

  • Informative video instruction
  • Full 1040 training
  • Full business return (1065, 1120, 1120S) training
  • One Year Follow-up Support from expert tax preparers

Because the IRS has imposed stricter regulations on paid tax preparers, they have opened the door to a narrower margin of individuals willing to fulfill requirements which include additional training and required testing.  Universal is an IRS-approved Continuing Education Provider, and the Professional Tax Preparer program will enable you to become proficient in tax preparation while helping you comply with new IRS regulations.  Call Universal at 1-877-833-7909 to enroll today!