- That week (or several) in January that you used to spend poring over last year’s receipts and invoices for the tax preparer can now be spent on a vacation or stay-cation of your choosing.
- Setting revenue goals and pricing just got easier.
- Identifying and targeting the most profitable customers just got easier.
- Hiring decisions get easier; and, the plan manages the people for you because their pay is based on performance, not longevity. Meanwhile, the empowerment and incentives will keep employees engaged and loyal.
- The emotion is taken out of spending decisions.
- If the books are done on a regular basis, problems are kept small because the plan identifies areas that need attention immediately.
- Owner earnings reflect how well your business is sticking to the plan and can be rewarding enough to pay for that vacation in January and then some.
- A nest egg for growth makes you attractive to lenders and protects against business cycles.
- Improved cash flow protects you from your own desperation.
- Tax time will no longer be so scary because you will have money set aside to pay those taxes.
