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Gratitude: The Key to Infuse Your Business with Excitement and Success

During this Thanksgiving season, many conversations are turning to the topic of gratitude. It is a great time of year to remember that we need to take the time to recognize blessings. As a business owner, you are in a unique position where you have control over your work schedule, income, and activities throughout the year.

Unique Business Opportunities

Consider the fact that most of the world population lives on less than $2 per day. Since we are located in a “first-world” country, we have opportunities that others can only dream of. We can build and grow businesses, choose our home location, and connect with others who offer products and services that we would like to buy.

Never take it for granted that you have the time and resources available to build a successful business. Feel gratitude for this chance to take control of your time and money. You might find that infusing more gratitude into your mindset and your daily routines will help your business grow.

Benefits of Gratitude

If there was a simple solution to improve your business success, boost employee morale, and decrease your sick days, wouldn’t you want to implement this solution? It has been proven that gratitude is beneficial to boost both physical and mental health, and these benefits can have a ripple effect on your team and your customers.

While most studies focus on gratitude benefits in your personal life, there’s no question that gratitude can have a lasting effect on your business as well. Here are some of the benefits that you can expect when you implement these principles in your daily habits:

  • Better Teamwork: Acknowledging your employees and contractors is a great way to show that you recognize their contributions. Do you take the time to focus on the small details that are happening each day? If you want to strengthen teamwork in your office, then you need to lead from the top. Gratitude can be beneficial to boost social behavior and create an environment where everyone is watching out for each other. When management communicates gratitude to the team, then the employees will feel good. As a result, they will have a natural inclination to step beyond their own responsibilities to lift and serve other people on the team.
  • Boost in Productivity: Additionally, employees have more motivation to work harder when management shows appreciation for the work that is completed. If people can see that their efforts are recognized, then it increases the likelihood that they will go above and beyond with their daily activities.
  • Improved Employee Retention: Glassdoor.com reported that people have a higher chance of staying at their job longer when appreciation is offered. If your employees are happy, then it means that they will be hard working… and you can reduce turnover.
  • Happier Customers: There’s no doubt that happier employees will create happier customers. Your employees are on the front-lines, working with customers day-in-and-day-out. You need to be sure that the face of the company is satisfied and appreciated so that those good feelings can be passed onto your customers. Show appreciation and gratitude to your employees, and at the same time, you can encourage employees to show appreciation to your customers. The people who buy your products are the lifeblood of the company, and you need to be sure that gratitude is passed to those customers.
  • Reduced Sick Time: Maintaining an attitude of gratitude has been found to improve overall health. Gratitude affects heart health, sleep patterns, hormone balancing and more. If you are tired of missing work because you are sick, then try implementing a gratitude practice.
  • Stronger Business Relationships: Also, consider how team attitude impacts the relationships that are built with other businesses. When gratitude is expressed and practiced, it improves the communication with vendors, suppliers, business partners, investors and more. Even though many transactions happen online, we can’t get away from the fact that human connection is essential if you want your business to grow. Express sincere gratitude so that you can build trust with other companies and organizations. Creating these lasting relationships can have a positive impact on your results in the future.

Personal Gratitude Practice

Where should you start to create a mindset of gratitude in your business? The first step is to make sure that you are fostering gratitude in your heart. Start with yourself so that you are authentic in sharing gratitude with other people around you. Common gratitude practices include:

  • Start a Gratitude Journal: List a minimum of three things each day that you are grateful for. Focus on gratitude in your personal life and in your business. It doesn’t have to be fancy… a simple notebook or piece of printer paper will do.
  • Say What You are Grateful For: At first, it might feel uncomfortable to talk to yourself. But, find the time when you can speak your feelings of gratitude out loud. For example, you might voice your gratitude list when you are by yourself in the car on your commute to work in the morning. Gratitude and affirmations can shift your mindset, so you show up in the right attitude to start the day on the right foot.
  • Set Reminders on Your Phone: It is easy to get distracted by the activities of the day. If you are having a hard time remembering to be grateful, then set reminders that interrupt your activities so that you can look for gratitude in the moment. When the alarm goes off, consider the positive things that you have experienced so far during the day.
  • Take a Gratitude Walk: There are times when you might be caught in the emotion of a stressful day at work. Give yourself a few moments to step outside. Feel the sunshine on your face and consider the blessings in your life. This break will reduce your stress and help you bring a positive spin back into problems that you might be encountering.

Tips for Fostering Gratitude in the Workplace

As the business owner, you need to recognize that you are the catalyst to implement changes that need to happen. Are you doing your part to foster gratitude in yourself? Is that gratitude being shared with your managers, employees, vendors, and business contacts?

Regardless of the size of your company, right now is the perfect opportunity to take a proactive approach to improving the mindset in your business. Not only will gratitude improve satisfaction all around, but it will be beneficial to change company culture.

Here are a few ideas to help you share this feeling of gratitude with your team of employees:

  • Act on Grateful Feelings: When you notice something that was done right, act in the moment to share your gratitude. For example, you might thank an employee for completing a project on time or offer a heartfelt thank you to a customer who came into the store.
  • Use Words, Not Money: There’s no need to spend a lot of cash to show your gratitude. Small tokens of gratitude can have a lasting impact to show your appreciation. Try sending a short text or email, or drop a notecard on someone’s desk.
  • Create a Gratitude System: Do you have a hard time keeping up with the responsibilities at work, making it hard to remember to take time for gratitude? Build a gratitude practice into your system. For example, show up to work 10 minutes early so that you have a few minutes of quiet time to write one or two thank you notes for the day. These small efforts can add up over time, helping to shift your attitude and the culture of the company.
  • Be Personal: When you express gratitude through a common or written word, be genuine and personal in that expression. Be specific about the things that you are grateful for. Make it a personal note, rather that mass-distributing a generic thank you card.
  • Reach Out to Customers: The best way to build your business is by fostering long-term relationships with your current customers. Find ways that you can say thank you to current and past customers. Send thank you cards in the mail. Include a small thank you gift with their purchase. Hold a customer appreciation day where discount service and free food are available.

While this article is written for small business owners, these principles apply to people in all stages of their careers. Whether you are running an established business, getting underway with a start-up, or working as an employee, you will find that your work experience improves when you implement a gratitude practice in your life.

Developing a mindset of gratitude might be the best way that you can improve yourself and others around you. At Easier Accounting, we want to share our heartfelt “thank you” with all of our customers. We recognize that you have a choice in choosing an accounting service. Our team is working hard to improve the services that are offered and ensure that you have our full support for your business efforts. If you are interested in learning more about the accounting services that are offered, you are welcome to call us any time: (888) 620-0770

2017 Goals: Resolutions to Improve the Success of Your Business this Year

January is a common time for people to look at their goals and plan action steps to move forward in the New Year. Have you chosen resolutions for yourself or your business? If you want to boost revenue and improve the annual outcomes for your company, then right now is a great time to set a few goals that will move you forward this year.

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Do you need some ideas to help with your business goals? Here are a few things you might consider:

Simplify Daily Tasks

How much time do you spend each day completing busy work and other mundane tasks? As a business owner or manager, you shouldn’t be dealing with simple things that could be passed onto contractors or employees.

Getting rid of these simple tasks can free up your time, giving you more opportunities to focus on bigger responsibilities that will help to boost business income. For example, hiring an outsourced accounting team can reduce your workload so that you don’t have to worry about daily financial tasks. Instead, you can focus on product development and relationship management.

Maintain Consistency

Even if you start the year with good intentions, these resolutions won’t be beneficial if you fall back into old patterns in a few months. Make a commitment to stick with your goals, and find someone to hold you accountable if needed.

One option is to put together a team that will maintain accountability for everyone involved. Another option is to ask a friend or another business owner to be your accountability partner. As you are working with other people, it is essential that you have a list of actionable items that you can report on each time you talk.

Look Toward the Future

Are you preparing for big growth in the future? Even if certain systems are working right now, you might experience the situation where upgrades are needed to prepare for growth. As an example, consider the current financial system that you are using. If you are still tracking transactions manually on a spreadsheet, then you should set a resolution to upgrade your accounting system this year. Even if the manual tracking is working right now, you will quickly run into problems when the growth occurs.

Implementing systems early will reduce the stress of making the transition during a future time when the company is bigger. So, don’t delay these changes! Talk to a financial professional to learn more about how you can meet your business goals this year.

Here at Easier Accounting, we want to help you put the systems in place that will prepare your business for future growth. Contact our team today to learn more: (888) 620-0770

4th Quarter: How to End the Year on a Good Note

2016 flew by, and many small business owners are scratching their heads wondering how the year slipped away so quickly. October marks the beginning of 4th quarter, which is a great time of year to assess your current financial progress and make goals for the rest of the year.

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Evaluating Progress this Year

As you look over the year, ask yourself this question: did I accomplish all of my goals for the year? Even if you didn’t meet specific business goals, it doesn’t mean that time is up! October is the perfect opportunity to dig in and boost your results a little more this year. Take action right now before the holiday season sets in.

Talk with your accountant to see details about the revenue that has been brought in, how much was spent on expenses, and whether the numbers are matching up the projections for the year. If the numbers don’t match what you had in mind, then you can look for ways to adjust workflow and strategy to set your business up for success in the future.

Preparing for Tax Season

The beginning of the year marks the beginning of tax season for small businesses and individuals. It can be hectic to gather all of the necessary information that your accountant will be asking for. Get a head start right now so that you can easily collect the information that will be needed.

During the first month of the year, you will need to provide details about payroll for employees and payments to contractors. Your accountant can prepare the tax forms that need to be provided to employees and contractors so that you can meet the January 31st deadline.

Use Technology for Financial Tracking

If you don’t already have the right bookkeeping and accounting system in place, then right now is a great time to implement a new system. Getting started before the end of the year will give you the opportunity to work through any potential kinks before the New Year starts.

Once you have the system in place, you can be happy to have a full calendar year tracked within the software. Planning ahead can make it an easy transition. Make sure that you work closely with your accountant if you are going to implement a new bookkeeping system.

Here at Easier Accounting we are working hard to help your small business succeed. If you are interested in learning more about how accounting services can be beneficial, then we invite you to contact our team right away: (888) 620-0770