Giving you a
little time for

Talking Cents


Small Business Activities Checklist: 5 things you should be doing Everyday

Running a business is not a child’s play. There are many different aspects that a business owner needs to keep track of.

Many of these tasks need to be taken care of on a daily basis. Some of these tasks can be specific to your industry, while others might not be. Whatever might be the case, you have to maintain consistency in doing these tasks in order to have a thriving business.

Here are five things you should be doing everyday for your small business to grow:

1. Have a To-Do list

Every day is different for a small business owner. The priority list looks different from one week to the next and from one month to the next. Make sure that you have a list of agendas for everyone in your team to be aware of. These agendas can and should be aligned with your annual business plan. The little things that you do every day are what give out a massive payout later.

2. Pay Attention To Customer Care Needs

Customer needs must always be a priority no matter what day or week it is. You have to ensure that you get positive reviews or feedback. And most importantly, if for some reason, you fail to deliver, you should have some policies to make it up to your client. It is up to you to ensure that these practices are followed. And it is your duty to pay attention to this aspect regularly.

3. Pay Attention to Your Inventory

If your business is based on the merchandise or selling off products, there is a fair amount of storage and delivery system that you must have invested in. Therefore every day, have a quick glance at your warehouse to see if there is too much waste of resources. This will help you make better decisions on how many items need to be ordered in future. 

4. Have A Look At Your Daily Expenses

Even if you have a bookkeeper or an accountant, you preferably should make sure that you are aware of the daily expenses that are taking place. It is crucial that you know how much money you spend on which day and have at least a rough estimate of how much you are adhering to the budget. This will help avoid any future overspending.

5. Have A Word With All Your Employees

Your true strength is your employees and your ability to handle and communicate with them. Therefore, have regular or daily meetings, whichever is more suitable and know beforehand if they are facing any issues on the professional front. This will make them feel understood and make them better equipped to face any challenges. It will create trust as they will know they can approach you with any hiccups along the way.

Consider MAS Partners for your small business accounting needs.

Your small business needs to have many checklists and benchmarks so that you know you are on the right track. Our professional small business accountant in Sydney can help you with figuring out the nitty-gritty of your business, so you have a much clearer picture of your finances and revenue. Contact us here for more information.

Liability limited by a Scheme approved under Professional Standards Legislation