You’re in business to make money and how you manage your business affairs will determine how much or how little money it makes.  We’ll call them essential business practices.

Some essential business practices would include providing a good product or service, utilizing marketing strategies and techniques to get the word out about your product or service, establishing wise budgeting habits, and keeping good records for your business expenses.

We want to talk about that last one.

Record keeping is an important part of every business but is usually far from being our favorite thing to do.  Few business owners are accountants or have much bookkeeping experience, so the books don’t always get the consistent attention they require and that can lead to problems and headaches down the road.

Ask any CPA or Tax Professional in April about the record keeping acumen of their clients and you’ll soon find out it’s a pretty big problem.

Most small business owners don’t have the resources to hire an accountant or someone to handle their books so the chore falls on either the business owner or a spouse who then creates a spreadsheet to track income, expenses, mileage, etc., or they might purchase one of those high-end, high learning curve software programs.

Even with a system like this in place forgetfulness and procrastination can creep in and you may go days, weeks, or even months without sitting down to record the business expenses.

This leads to the mad scramble at the end of the year as you try to backtrack and reconstruct the year, going through piles of receipts, bank statements, and post it notes and laying it all in the lap of your tax preparer with the hope he or she can come up with a last minute tax saving miracle…

Your business does provide tax advantages you don’t have as an employee, but even with those advantages at your disposal your tax professional is only as good as the information you provide him or her.

In our next post we’ll reveal a new tool that will eliminate the worries of forgetting or procrastinating when it comes to good record keeping and tracking those important business expenses.

How would you like to put this very important and essential business practice on auto-pilot?

Our next post will show you how to do just that.

A great day today in Vegas started with checking in to the Cosmopolitan. The rooms are fabulous, and we have amazing views. Both Alan and I have suites with a view like this

We wandered the strip for a few hours, had a couple of meetings in the afternoon, and during one of them we saw this car that just exploded on the ground 60 floors below!

We got tickets to Chris Angel at night. I couldn’t believe some of the stuff he did. It is a really good show and definitely worth attending if you’re here.

Today we’ve got the booth all set up at the conference and are just about to head down there to get it started. If you’re here, let us know! We’d love to meet you and we’ll post again later or tomorrow

Alan and I landed in Vegas last night. We’ll be hanging out this weekend at the No Excuses 3 Summit, but we’ve got a day here to check out the sights. We had a great flight from Bellingham (as great as a flight can be — I’m not a good flyer and Alan wanted to get some evidence of that for the blog, but I made sure there was no evidence of the terror in my face) and landed at our hotel last night.

For the conference, we’re staying at the Cosmopolitan Las Vegas Hotel… It’s huge! Very cosmopolitan. But, we couldn’t get in there for our first night, so we were meant to be at a different hotel Wednesday night… One problem — they had plumbing problems in the tower we were meant to be in so they sent us to another hotel up the strip… At least they sent us in Style!

We had a great dinner at an Irish pub and then walked the strip back to our hotel.

Today the plan is to check out a few more sights and then tonight will be prepping for tomorrow’s conference. Stay tuned to the blog over the weekend as we’ll be blogging at least once a day during the conference. If you’re going to be here let us know so that we can meet you in person at the Oprius booth!

One question that we get every now and then is whether or not Oprius can be used to manage multiple companies from within the same account. Some people will be working in more than one Network  Marketing Company, and share some contacts between the companies, but need to keep things organized so that they can easily work with both sets of leads, customers, and business associates.

This can definitely be done with Oprius, and this video will give you a quick overview of how you can use one set of Sales Process Groups to effectively manage two businesses.

Let us know your thoughts in the comments!

A message from our CEO, Alan Smith, about the upcoming Success Secrets Webinars

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