Self Employed Success

According to a recent article on Inc.com, the IRS has been given additional funding for enforcement. This means that small businesses will likely feel the effect of increased scrutiny and audits. You can read the article here:

http://www.inc.com/criticalnews/articles/200512/audits.html

Now more than ever, it’s important to keep accurate records of all your financial transactions as it relates to your self-employment and small business. I know it’s a daunting task for many, and many put off entering all the revenue and expense numbers into a ledger (paper or electronic). It’s a case of divide-and-conquer: do it weekly and the stacks of paper will never get overwhelming.

As a small business coach, I’ve been spending the month of December with all my clients, helping them re-design business and marketing plans for 2006. This is a perfect time of year to take a closer look at your business, and creating ways to make it grow in the next 12 months. I encourage all small business owners to take time each year to re-visit current year business and marketing plans, and do some projections and goal-setting for the next year. Having clear intentions of what you’re trying to create over the next 12 months will set the wheels in motion to making it come true.

Karen Spaeder has written a good article that’s perfect for this time of year: “10 Ways to Grow Your Business.” You can view it here:

http://www.entrepreneur.com/article/0,4621,315446,00.html