How to Automate Your Business The Right Way

How to Automate Your Business The Right Way OK, let’s cut right to the chase. No business is ever going to be completely automated. There are no magic money trees that print and grow cash. Sorry to break it to you, but that is the truth. But there is still a lot you can do if you want to learn how to automate your business the right way. But can you put some systems in place that will allow you to spend time with family and watch movies while making money? Absolutely. So how do you automate your business? Step 1. Hire a capable and trustworthy CEO. Yup, you read that right. The first and most important thing you can do is hire the top man or woman. Even if they are not as good as you, you will have just freed up 30-60 hours per week. Step 2. Get to work on the right systems like HR, Accounting, Payroll, and other little things that can free up your time and the time of your top hire So what are the things you need to use to automate your business? Well, here is what I personally use on the accounting and HR side: Quickbooks. Yes, I realize several accounting systems out there may be better, but I am still using QuickBooks. And guess what I use to automate my business and my bookkeeping? Outsourced, 3rd party bookkeepers in India.

Here is another one that most modern-day business owners may find crazy. I am still using QuickBooks desktop. Here is why- The last time I looked into QuickBooks online, back in probably 2017/2018- the functionality wasn’t where I wanted it to be. So what I personally do is I have QuickBooks on a local server and then use LogMeIn or GoToMyPC (I think we recently switched over bc they were cheaper) and the bookkeeper’s login to the bank (chase- view only) and upload and class all the revenues and expenses. Why did I need to Learn to Automate My Business? I am still old-school on my primary business in that I sign all my checks. However, I have heard good things about bill.com for invoicing and check writing. How can you automate your business on this site using bill.com without getting fleeced? I believe they have the ability to send directly to you- the owner- for approval. If you are attempting to automate your business and have a CEO running it and you are not fully checking on him or her, I would strongly suggest looking into this feature. Why? I have seen my CEOs get lazy on payroll and just signing the checks based on how many hours the employees say they worked. (Be careful! I didn’t know laborers could work 130 hour weeks- yes- true story) How do I automate my business on the payroll and HR side? Well, I can tell you that you are wasting time using QuickBooks and typing in payroll hours, FICA, FUTA, etc., manually. So we use Gusto.com. Many ADP-type payroll providers, but I stumbled across these guys a while back, and they are quick and easy to use. These are the two systems I personally use to automate my business on the HR side and the accounting side. In another blog, I will discuss what I use to help streamline sales, marketing, and operations. Whether you are an entrepreneur, doctor, dentist, lawyer, or a wall street type looking to exit the daily grind using proven (but unconventional methods), the above information can help you invest better or operate better. If you are looking for additional information on how to start your own business, how to obtain SBA financing, how to make private loans to small businesses or real estate, or the key operational tenets that skilled operators use to 20X capital in 6 – 36 months, Click here or go to www.20xmultiple.com