SBS Staff Spotlight: Daniel Bill

Welcome to Sound Business Services’ staff spotlight. We recently interviewed Daniel Bill of Sound Business Services (SBS). Here is what he had to say about his role at SBS, the most satisfying part of his work and what he does in his spare time.

Jonathan Bill: How long have you been at SBS? 

Daniel Bill: Eight years.

JB: What do you do for SBS? 

DB: One of my main jobs at SBS is to assist new clients with onboarding. I set up the apps that best meet their accounting needs and train the client how to use them. Onboarding also includes making sure we have access to their accounting file and performing any cleanup necessary to ensure the books are accurate. I’m also a senior level account manager and support our account managers to satisfy our clients’ needs.

JB: What do you think is the most productive app to use with QuickBooks Online. 

DB: I would say Bill.com. The ability it has to streamline a client’s A/P is more than worth the cost to set it up. I have personally set it up for many clients and seen it work almost every time.

JB: What is the most satisfying part of your job? 

DB: Bringing closure to a cleanup project, or providing a good solution for an accounting issue, is probably the part of my job I enjoy the most.

JB: Can you describe a complicated client issue and how you solved it?

DB: Some of our clients struggle to know their tax liability throughout the year. For one particular client, I implemented a tax projection with the federal and state estimated liability amounts listed, so that the client knew the amount and due dates of their estimated tax payments throughout the year. I’m glad I could implement a system like this to reduce the amount of tax liability come tax time and keep our client from unpleasant surprises.

JB: What is your favorite thing to do outside of work? 

DB: I have many hobbies/pursuits. But, to list a few, I enjoy hunting, walking and biking, and spending time with my wife. I also enjoy being involved in our local church.

JB: Thanks Daniel!

How to Manage a Small Business and a Family

As small business owners, we’re often so bogged down in running our businesses that we tend to lose sight of, or neglect, what matters the most: our loved ones. While we are doing everything we can to grow our businesses and ultimately provide for our family, we sometimes put off the most important moments in our lives, compromising our health and happiness.

You don’t want to look back years from now and regret not going to your son’s soccer game or your daughter’s piano recital, which are the kind of moments I truly cherish as a father. That said, finding the right balance between work and life, and ultimately making time for everything, is a constant struggle.

So, as we all continue to navigate this journey, here is some advice that’s worked for me that I hope will also work for you.

Stay Positive and Be a Strong Role Model 

Whatever you are going through at work – however gut wrenching it may be – must not carry over into your home. Taking your frustrations out on your family not only causes them to worry, but also drives them away.

As an important member of your family, you lead by example. If your family sees you being positive, that reflects on everyone around you. Remember: they are also going through their own challenges at work or in life, so a negative attitude, and unloading your stress and anger on them, will only escalate things.

Don’t Bring Work Home

As a small business owner with so many responsibilities, it’s easy to fall into the habit of working from home on the kitchen table or living room couch. Don’t do that! Not only will this cause you more stress, but you are also sacrificing valuable time with your family that you can’t get back.

Make Time for Your Loved Ones 

The only way to spend time with loved ones is to make the time to do it. You’re a small business owner, so your time is already extremely valuable. But, that doesn’t mean always spending it on work.

Finding ways to make time for your loved ones isn’t always easy, but it’s not as hard as you think either. Delegating is a good place to start.

Successful small business owners know they can’t do everything – or be everywhere at once – and must be able to trust their team if they’re ultimately going to succeed long-term. Instead, delegate tasks to your staff. Not only will you have more time on your hands for your family, but you’ll also empower your team. Just be sure to congratulate them if they do a good job!

Separate Your Finances 

We know a common cause to a failed marriage or relationship revolves around money. So, you must separate business from personal as much as possible. Mixing the two only leads to mistakes, which could complicate your life more than you ever imagined.

Don’t risk separation from your spouse over something that can be strategized and executed. This is an area we specialize in at Sound Business Services with QuickBooks solutions that offer this feature, so don’t hesitate to reach out today!

Make Decisions Together When it Comes to Debt

If you can finance your small business without incurring any debt, consider yourself lucky! But, for the most part, we all have to make important financial business decisions that bring on debt, or at least set us back.

When making those decisions, it’s important to always discuss them with your spouse for two reasons. First, your spouse will not only respect you more, but also feel more like a valuable contributor. Second, depending on the state you live in (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin), your spouse can actually be legally liable for any of your business debt; blindsiding he or she in the process will only lead to further backlash.

We are Here to Help

At SBS, we are truly happiest when our clients are happy. As fellow small business owners, we know how difficult balancing work and life can be, and how challenging it is to make time for our loved ones and live the happy, healthy lives we all desire.

We know we can help you save time in your work that will allow you to enjoy the more important things in life. At the same time, we are always here to listen to what you’re going through, and provide some guidance and advice if we can.

Contact us any time to see what solutions best work for you and your business so that you can live the healthy and happy life with your family that you deserve.

One Meeting a Month Too Many Too Few

As a small business owner, time is everything – and meetings likely take up a large chunk of your time. Yet, all too often, meetings go nowhere, leading to a waste of time and a distracted and unmotivated staff.

What if you could have one consistent monthly meeting that provides great value and takes your business to the next level? That’s what a great financial advisor can, and should, bring to the table – and when I talk about a “financial advisor,” I’m not describing your annuity or mutual fund broker; I’m talking about it in a much more general sense.

How do you know when you’ve found this great financial advisor, and what elements can he or she bring that make this meeting a must-have each month? Here’s some guidance and reflection that has worked for us at Sound Business Services, and we hope will work for you, too.

The DNA of a Great Financial Advisor

By nature, a financial advisor should be trustworthy, honest, and capable of helping you grow as a person and professional. But, they must earn your trust and respect.

A great financial advisor will do that. He or she will go above and beyond, and when it comes to monthly meetings, they must show their true value. In your meeting, your advisor should go over monthly reports, ask important questions, provoke thoughts, notice trends and do your projections.

That’s exactly what we do at SBS. We assess if you are truly making money, and we ensure that you are on a path to do so, now and into the future.

If you want to take a look at your current situation, don’t hesitate to reach out.

Find the Purpose 

A meeting without an agenda can go off the rails, and even worse, one without purpose and intent will render it meaningless.

As a small business owner, you know how important leadership is. You must constantly lead by example, making sure your team believes in you, what you’re selling and doing, and getting your customers on board as well. That purpose and intent is exactly what your monthly meeting should deliver every time.

You should walk away from every monthly meeting with the tools, advice and motivation you need to make great business decisions, providing a bridge that helps you skyrocket to success. Otherwise, what’s the point?

Find the Value

As mentioned, time is valuable, so how you manage your time is a very strong indicator to whether your business will grow. In addition, finding the time to run your business is always a challenge.

These meetings should provide value that’s twofold – they must be worth your time and provide the value you need to improve your business. That’s what a financial advisor does.

This person must help you make powerful business decisions and have the insight, knowledge and expertise to help you reach your untapped potential and meet the goals and vision you have for your business. That’s where the real value is.

We are Here to Help

At Sound Business Services, we value our clients’ time and strive to deliver them powerful, next level solutions. We make sure that when it comes to meetings, time is not wasted.

If you have any questions or would like to learn more about the power of adding monthly meetings to your financial services, we would love to talk with you. And, we promise, it won’t be just another meeting, but a meeting your business can’t do without … contact us today.