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The Top 9 Reasons to Prioritize Ongoing Team Training

Training your team is critical to your business’s success. It ensures everyone is on the same page, knows their role, and understands the company’s goals. But too often, training is seen as a one-time event—something done when you first hire someone and then forgotten about. That’s a mistake, and we will explain why and give you some tips for training your team continuously.

Leadership is a continuous learning process

As a leader, you never stop learning and growing. The same is true for your team. As your team members learn and grow, they will be ready to handle the challenges that come their way.

When you invest in employee training, you are investing in the future of your business by providing your team with the resources they need and handling new challenges. That’s why it’s so important to train your team continually.

A well-trained leadership team can make your business more successful

 Training is an investment in your business’s future. In due time, you’ll see the rewards of this training. By continually providing your team with the resources they need to grow, you ensure your business will succeed for years. At Cultural Impact, we regularly cross-train our employees. If you have vital employees who would benefit from expanding their knowledge, it might benefit the company to train them in multiple areas.

Emergencies happen, and we know we can rely on multiple employees to help in differing areas if needed.

A leader must stay current with the latest trends and best practices. By doing so, you’ll be better equipped to lead your team and make decisions that will benefit your business. If you introduce a new software or tool, you should do a new training for your team. Instead of assuming employees will learn things on their own, help them! Furthermore, you can ensure that they are comfortable with the new tool or software and cut down on time wasted teaching themselves. You should introduce every new tool or software with a training plan.

Make sure you provide enough support for your leaders so they can succeed

There are many different ways to provide training. You can attend virtual resources such as conferences or training courses. Or you can take advantage of online resources such as e-learning courses.

Whichever method you choose, it’s essential to be flexible and adapt to the needs of your team. As the world changes, so do the needs of your team. Make sure you are always providing them with the latest information and resources.

As a result of the time and energy you put into training, you’ll reap the rewards tomorrow.

Leaders need to be able to adapt to change

Being a leader means facing challenges and obstacles. Good leaders can handle new challenges and learn from them. That’s why leadership training is so necessary. It helps you stay ahead of the curve and be better equipped to lead your team.

But employee training isn’t just for leaders. Everyone on your team can benefit from training. Training helps employees learn new skills, improve productivity, and become more valuable team members.

Continuous training keeps your team motivated and engaged

Employees who are continuously learning and growing are more likely to stick around. This can lead to reduced turnover and a more stable workforce. You can train employees in new skills and use regular training to ensure employees are still properly trained in skills you’ve previously worked on.

Training leads to improved performance and productivity

Employees who are properly trained are more productive. These employees know what leadership expects of them and understand how their role impacts the business’s success. Creating and utilizing training systems will ensure that each employee receives the same information and has the same expectations.

Train your team to better communication and collaboration

When team members are adequately trained, they can better communicate and collaborate. If you are doing group activities and training, the communication they use in those scenarios will carry over. Your team will also be able to work together more efficiently towards your company’s goals.

Team training helps develop team spirit

When your team constantly learns and grows together, it develops a sense of camaraderie. Everyone works towards a common goal and benefits from each other’s success. Independent training is excellent, but team activities will help bring your team closer.

It’s crucial to find the right training program for your team

Employee training doesn’t just mean sending them to a conference or taking them on a training course. There are many different ways to set up training, and you should constantly look for new and innovative ways. However, you should develop a basic template for designing and distributing your training materials. This will give your team a general idea of what these training exercises will entail.

Some ideas for training your team:

Use virtual resources: Your team can learn new skills through many online courses, webinars, and other virtual resources.

– Leadership development programs can help your team members learn new leadership skills and grow.

– Conferences and training courses: Sending your team to conferences and training courses is a great way to help them learn new skills and stay up-to-date on industry trends.

– On-the-job training: One of the best ways to train your team is to provide them with opportunities to learn new skills on the job. This could include shadowing, mentorship programs, and cross-training.

Hopefully, this blog helped you learn the importance of ongoing training for your team. Employee development and effective leadership should be your top priorities as a business leader.

7 Easy Tips To Improve Your Bookkeeping Skills

7 Easy Tips To Improve Your Bookkeeping Skills

As a small business owner, we know you might be responsible for several aspects of your business. You likely have to manage and oversee every part of the business much closer than owners with entire leadership teams. Improving your bookkeeping skills can go a long way to growing your business.

If you are handling everything, your business bookkeeping might be the most daunting of all your tasks. However, bookkeeping could arguably be essential to running a business.

If you fall behind in your books, you might have issues paying employees and keeping up to date with your accounts and taxes. Bookkeeping is a crucial part of your business. The first step to keeping your business steady is to improve your bookkeeping system.

In this blog post, we will discuss seven essential tips to help you with your bookkeeping who want to get your bookkeeping under control. By following these tips, you can make the process easier on yourself and avoid common mistakes.

Tip #01: Find a system that works for you

The first step to effective bookkeeping is creating a system that works for you. You need to find a method that is organized and easy to stick to. You can start with online spreadsheets and paper file folders, but investing in an online system is the best choice.

We suggest using QuickBooks online to help track your financial health better. Our team of professional bookkeepers uses QuickBooks for all of our clients. QuickBooks offers onsite training and provides material for self-teaching business owners. They offer a 30-day trial, with their most basic package only being $30 monthly.

Tip #02 Self-train whenever possible 

There are a lot of terminologies, data entry, financial reporting, and tedious steps to ensure your books are in order. Stay up to date on things going on in finance. Staying up to date in tech could help as well. You also need to add this to your ongoing education and training in your industry.

We know it can get overwhelming, but refreshing yourself quarterly can help. Start by spending an hour or two quarterly researching your industry’s financial news. It might also help research tech around your business and your tools.

We mentioned in the last section that QuickBooks offers training material, and we suggest refreshing your knowledge regularly and reviewing pieces of training you’ve finished.

Tip #03 stay ahead of things 

Bookkeeping is the number one thing you don’t want to put off until later. You must regularly schedule times to sit down and work on each bookkeeping task. That includes managing accounts payable and accounts receivable, taxes, payroll, and other basic bookkeeping tasks. Don’t just set aside “bookkeeping time.” Set aside time for each job.

If anything is off or needs to be adjusted, you can easily and quickly find errors to improve your profits. The more you follow a set calendar and to-do list, the easier it’ll be to improve your bookkeeping skills.

Tip #04 make sure you have a paper trail 

It can seem so convenient to keep everything on your digital platforms. You might also feel good about saving a tree but trust us; you’ll want paper copies. Get binders and a label maker and organize paper copies of your income and expenses. Keep all receipts, print off all-electric ones, keep paper invoices, and print off any other important papers for your bookkeeping.

If anything happens to your electronic devices, you’ll have paper copies of your financial information organized and ready to go. You might also experience tax or legal issues where you need your files. If you’re doing your bookkeeping, storing all that information on your devices might also be problematic.

It’s important to keep old records. For example, tax information for your business needs to be kept for at least seven years. Check out this article for other essential tax papers and how long to support them. Making paper copies of these forms may be easier than relying on your device storage.

Tip #05 regularly check your books and make adjustments

The best part about following the tips above is that you can easily see where to make adjustments. Keeping up-to-date books will make tracking your profits and loss much more efficient. If you regularly check the books, you will find room for improvement.

You can easily see where money might be wasted or where resources might be better allocated. Continuously checking your books will ensure you’re getting the total return on profit on all of your products or services. You can find issues as soon as they arise or maybe discover a way to cut your losses by examining your books regularly and adjusting your company spending.

Tip #06 Set money aside for taxes

When it comes to your business taxes, a lot is out of your control. It might be challenging to figure out how much you’ll need to pay before you get your return. If you have money already set aside, then the shock of taxes won’t be as rough on your business bank accounts.

Tip # 07 Hire a professional

If you follow all the tips to improve your bookkeeping skills but still feel like you’re drowning in a sea of numbers, get help. You don’t have to water in your bookkeeping and taxes. It might be time to consider hiring a bookkeeper or, even better, a certified public accountant.

Hiring a CPA can help you ensure you not only have someone focused on the books, but they are fully trained and accredited. Hiring a CPA can also lead to fewer issues during tax season, as they’ll most likely be comfortable filing taxes for your company. CPAs are a great option if you have the resources for them.

Here at Cultural Impact, we offer bookkeeping and tax services, so you might consider contacting us if you need extra help.

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