The Need for a Simple Small Business Book Keeping System

As a small business entrepreneur, one of your obligations in running your business is to set up your small business book keeping system. It is to your business’s best interest to establish a simple book keeping system that you can easily manage and understand. As simple as it may be, your system should be able to let you see how sound is your cash flow and how well your business is doing financially.

The Characteristics Your Book Keeping System Must Have

These are the characteristics of the book system you must strive to establish:

* Easy to use
* Reliable
* Accurate
* Can Deliver Prompt Results
* Consistent
* Safe and Secure

You must also have these basic book journals:

* Sales journal
* Cash receipts
* Check register
* Voucher register
* General journal

The Benefits You Can Enjoy from a Simple Book System

Your simple small business book system allows you to enjoy the following benefits:

* The use of accurate information to make important decisions in running your business
* Reduces the time to complete the book tasks that you can then use for other productive tasks in your business operations
* Reduces the cost of maintaining an accurate and reliable record of your financial transactions
* Important tool in performing an accurate financial analysis of your business
* Generate all the financial information you need to run your business profitably

You will know that you have a simple but effective book system in your business when:

* You are able to fully understand and use its capabilities and features easily
* The system gives accurate information and figures that you can trust and rely upon to use in making important decisions for your business
* The information and figures is presented in format that fits your business well

When you have this kind of small business book keeping system, there shall be no reason your business won’t benefit from its use. If you still haven’t, then it’s about time to check resources online to help you establish this simple book keeping system for your small business.

The 100 Best Business Books of All Time

Need a great idea?

One of the quickest ways to find a high-quality idea for your business is to read a good book.

But how do you find a “great” book, out of thousands of mediocre books?

I’m recommending The 100 Best Business Books of All Time by Jack Covert and Todd Sattersten.

You will find some familiar titles among the 100 best business books included here, like The Seven Habits of Highly Effective People. I think everyone I know has read that (or read about it)! You’re sure to find some of your favorite books in here.

More importantly, you’ll find many books that you haven’t heard of before. If you need some help with your sales, or want to be a better leader, or want to create a business that runs without you – all those titles are contained in this book.

Each book is reviewed on 1-2 pages. This is an easy book to pick up, open at random, and find a great idea.

The authors have organized the titles into 12 sections: ranging from You (improving your life, your person, and your strengths) to Leadership to Sales and Marketing to Creativity. It’s also fun to read one section at a time, to see how many different angles there are on the same topic.

In addition, the authors include sidebars on movies, novels, and even children’s books that illustrate business ideas.

Having read through about 30 of the 100 reviews, I’ve come away with an understanding of which books I do and don’t want to read. I definitely want to read Michael Gerber’s book: The E-Myth Revisited. From the review: “Gerber contends that the true product of a business is not what it sells but how it sells it. Gerber formalizes this belief in a system he calls the “Business Format Franchise.” The key is to create a systems- dependent business, not a people-dependent business.” If you’re in a networking marketing business, you know exactly what he means.

Though I love the title Orbiting the Giant Hairball, I don’t really want to read about how individuals can work for corporations, with all the benefits of a large organization behind them, AND stay in a creative flow.

I’ve also gotten important ideas from reading these short 500-1000 word reviews, without reading the full book. For example, I love the balanced scorecard concept – that there is a small number of key metrics you want to collect and review for your business on a regular basis. However I don’t think I want to read an entire book on that idea.

CALL TO ACTION

What would make the biggest difference in your business right now? Is it self-development for you, or more marketing help? Try finding a book on the topic, using either book I’m reviewing today or one of your existing books. There’s a great nugget that’s just right for you, somewhere in a book.

Tips for Writing a Business Book

Business books serve a specific purpose that must be clarified before the writing begins. A business book can be a helpful aid in marketing a business by illustrating the expertise and potential benefits to customers. Some business books are written as “How to” guides designed to help other business leaders to implement best-in-class processes or systems. Many of the more famous business books tend to be based on a unique perspective about some aspect of business or leadership. Yet another group of books is the business memoir, the story of a business or business leader as he/she rose climbed the ladder to success.

If you are running a business and believe that a book can help to promote your business, plan the work carefully and be prepared to dedicate time and effort to the project. If time is a serious constraint, consider hiring a ghostwriter to reduce the burden on you. If you have a service-oriented business, you may find that much of the content already exists in presentations, proposals, blog articles, workshop outlines, procedure manuals and other materials commonly used in the business.

Don’t be tempted to simply throw together ready-to-use content like a batch of blog articles and publish that as a book. As a series of blog articles, each one is potentially useful and interesting to a group of readers. A book serves a bigger purpose and it is crucial to make sure that the content delivers on that purpose. Using existing content in a book requires that you transform and even rewrite the content along with additional information not previously provided. A published compendium of blog articles will make a poorly received business book.

Research other books in your category to make sure you are not about to invest a lot of time and effort only to duplicate what already exists. Finding other books in your category doesn’t mean that you should not proceed with your book. What it means is that you must ensure that your book has a unique perspective or different method for accomplishing something, other than the norm as described in other books or as experienced in business practice. You may have unique intellectual property that you are sharing with others, or an improved method based on your experience.

Essentially, your must find a compelling reason for someone to buy the book. Clarify for them how their business will improve, grow, or become more profitable after learning what you have to share. Before you begin writing, develop a simple summary to help clarify your book’s value proposition. Start with the subject of the book – what is the book about? Clarify the purpose and outcomes that a reader should expect from reading it. These benefits will be the primary reason for someone to buy the book. Finally, identify your target market – who is the specific audience for the book?

Armed with this information, your writing efforts will be focused correctly and you can easily determine the appropriate content and the optimal approach and writing style for communicating it. The book will help you to share a lot more of your true value to potential customers. Make sure that it represents your business with the highest quality and integrity to protect and promote your brand. You already know your business value, now make a plan for your book and write on!