Delor Advisory

Wishing you a very Merry Christmas and a wonderful Holiday Season!

When it comes to running a business and life in general, I have come to the conclusion that we are all still figuring it out.

Stop comparing yourself with others and focus on your unique journey.

Stop chasing shiny objects and redirecting your path constantly. Of course, pivot when necessary.

Commit to your vision regardless of the challenges along the way, make mistakes and use them as fuel for growth.

Just strive to be better every day! You and your business will grow faster that way.

What mindset shifts have helped in your personal development and business growth?

“If you don't drive your business, you will be driven out of business.” - B.C. FORBES

Leadership is lifelong learning, but it’s your job as a CEO to commit to constant improvement.

Here are 5 things you can put in place to build a high-performance, high RESULTS team.

- Create space for your team to try new things and utilize new skills they wouldn't normally put to use.

- Give clear directives on expectations to reduce ambiguity.

- Have effective top-down communication.

- Equip them with updated training and coaching.

- Show empathy and vulnerability. The ability to deeply understand and share the feelings of others is one of the most important values to possess as a leader.

Do you currently use these practices in your business?

As the year comes to an end, there’s a lot happening around closing out the year. End-of-year business planning is lots of fun if you have a system in place.

Here are some things to help get you started:

1. Meet with your Accountant to review your financial performance over the past 12 months.
2. Meet with your tax strategist to take care of end-of-year business tax planning and discuss tax strategies for next year.
3. Count your inventory.
4. Budget and develop a strategic plan for next year.
5. Review the organizational chart to determine critical roles for next year.
6. Revise your marketing plan.
7. Review contracts and agreements with your legal team.

How are you closing out the year to ensure 2023 gets off to a good start?

Does your current product suite make sense for where you are going?

If something is not working within your business, it is perfectly fine to cut it out. If it does not make sense with the direction you are going in, remove it and move on to what works. Figure out what you can expand on and make that a priority to really get business moving! ⁠

It’s okay to make the decision to remove something from your business if it ultimately leads to growth.

Building a business relationship takes more than just likability.

Use these lessons to help you maintain connections and grow your return customers!

⚫ Be Likable

⚫ Connect

⚫ Solve Problems

⚫ Build Trust

Follow this pattern toward business growth and you will be on the right track!

Don’t wish for it. Work for it!

There has never been a better time to invest, and we can help you do it right!

Here are a few benefits of Mergers & Acquisitions (M&A):

✔ Tax Benefits

✔ Faster Growth

✔ Access to Financial Resources

So how can we help with your M&A goals?

Tax season is not too far into the horizon.

What records should I keep?

Keeping records correctly and organized is the best way to maintain a healthy business and a great relationship with your accountant.

Here are some of the documents you want to keep in order...

➡ Business tax returns
➡ Income statements
➡ Balance sheets
➡ Cash flow statements
➡ Statement of retained earnings
➡ Receipts
➡ Contracts
➡ Business agreements
➡ Business licenses and permits
➡ Insurance documents
➡ Payroll records

For more advice on record-keeping systems or how we can help you, contact us today.

“Beware of little expenses, a small leak will sink a great ship.”

This quote is from one of the founding fathers of the United States and still rings true.

It doesn't take much to derail you.

It is true that “little” expenses eventually sink your budget. Especially when those “little” expenses add up to a significant amount of money you didn’t budget for.

Want help making sure you don't derail your financial goals? Let’s chat.