When it comes to being a successful business owner, there is no exact science. In fact, if you were to get an experts opinion on this topic, you will find that there are hundreds of advice columns and articles which explain how to be successful. Over the years Abacus CPAs has worked with many successful business owners and we too have noticed that they each have different perspectives.
The first rule of thumb to being successful is to know where you are at currently, which is also known as your current state. Whether your current state is good or bad, it is important to acknowledge where your business is at today. To help identify the current state of your company, ask yourself, is my business profitable? Is my business failing? The answers to these questions will help you move forward.
Step two in being successful is to envision what your business would look like when it is successful (whether that be now or in the future). It's important to note however that success doesn't always mean more profit. In fact, some clients we have worked with say their idea of success is  to own a new truck that they can be proud of, and  to have the ability to travel on their own. However, another client may say that the definition of success for them is to make a large profit as soon as possible so they can retire early.
Abacus CPAs is dedicated to find out what success means to you, so we can assist you in helping meet your goals. Contact our office at 417.823.7171 so we can provide you better guidance, so that you can make smarter decisions.