Tulsa and Muskogee: 800.259.4677 | OKC: 800.699.5905 | After HRS: 866-292-0953


Business Insurance BUSINESS

Discover the perfect insurance options to meet your unique needs.

Read More
Workers Compensation Insurance WORKERS COMP

Finding insurance doesn't have to be difficult. We do the work for you.

Read More
Auto Insurance AUTO

Insurance that protects you against financial loss with accidents.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More
Health Insurance HEALTH

Learn about different health coverage options that fit your needs.

Read More

A key component to having a successful and profitable business is to stay up to date on all the little things. These are the menial tasks that you don't need to do daily or weekly. When neglected for too long, they snowball. Then you feel overwhelmed. Doing a monthly review ofimage of board reviewing business your business will ensure you keep up with all the parts of your business. Here are four things that you should do each month as part of your review:

1. Look Over Your Goals- It's not the goal setting that helps you achieve your goals. It's the consistent actions that you take to meet them. Reviewing your goals will ensure that you do the most important tasks that will help you meet them. Look through them and determine the next seven to ten steps that you need to finish in the next month. Then schedule them in your planner.

2. Pay Your Bills- Whenever possible, try to arrange payment dates for a similar time of the month. This simplifies your accounting. Your monthly meeting is the time to schedule any bills that you won't pay immediately. Check to ensure that you are putting enough money away for your taxes and other annual expenses. This includes your business insurance policy, software subscriptions, and professional dues.

3. Check Your Stats- Your line of business will determine what metrics you want to track. But your review day is the day in which you should add them to your spreadsheet. By having them in one place you can notice patterns or abnormalities. Like how your revenue went up last month but decreased this month. You'll also be able to see trends that you might not have noticed otherwise.

4. Review Your Insurance Plans- This includes not only the health insurance and life insurance policies that you buy for yourself, but also your business insurance. Take time to review all of your policies and update them as needed. Times to update include adding a new service that would change your risk, a change in marital status, or adding children to your family.

These are the top four must-do items to cover each month. Feel free to add other items to your monthly business review, but be sure to do these. Set aside a block of two or three hours each month. Schedule it on your calendar. After a few months of these reviews, they become habit. And, your business will run better.

Also Read: Business Insurance for Independent Contractors

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

View Mobile Version
© Copyright. All rights reserved.
Powered by Insurance Website Builder