Balancing Business and Family: The Importance of Keeping a Strong Marriage

“You can’t expect people to do well in their business if they’ve got problems at home.”

– S. Truett Cathy, the late CEO of Chick-fil-A

As small business owners, work/life balance is often an ongoing challenge. We are continuously working on our businesses to support our families, but we also often bring stress home and miss out on being with them. This affects our marriages and family life.

At the same time, something we don’t always consider is that our staff is in the same boat. They’re working toward similar goals, and if they aren’t happy in their marriages, it will carry over into their performance at work and negatively impact our businesses.

According to the C12 Group’s findings, happily married employees demonstrate lower turnover and absenteeism, and operate with higher motivation. Moreover, studies show that dealing with issues in a marriage cost American employers more than $6 billion annually; for example, due to absenteeism and being unable to focus on their job, it costs an employer more than $80,000 each time an employee goes through a divorce.

What can a small business owner do to turn these numbers around? It may come as a surprise, but the answer is … quite a bit!

Making the Leap From Business Owner to Business Leader

Being a successful small business owner means also being a strong leader, and as leaders, we must make sure our team is happy and motivated, carrying out our message and delivering value to our customers. After all, we can’t do this alone – our businesses are only as strong as our team.

I know, personally, SBS Accounting & Advisors would not be where it is today without my amazing team working to keep our clients happy and healthy, and growing their businesses. Case in point: a great review (see below) we just received from one of our customers due to the dedication and hard work of our team.

As leaders, it’s our responsibility to cultivate a workplace culture employees can embrace, helping drive them to perform at their best. Fostering this culture by helping build strong marriages should be part of this practice. By doing this, not only are you showing love for others – one of our core values at SBS – but you’re also creating the foundation for happier and healthier employees, which, in turn, means more growth at your business.

In fact, companies that invest in relational and marital wellness often realize an ROI of $1.40-$4.90 for every dollar spent, according to research conducted by Prepare Enrich, a research firm that surveyed businesses with 50-5,000 employees.

What Can You Do to Foster a Happy Marriage?

First, lead by example. If you aren’t personally pursuing and demonstrating a happy and healthy marriage yourself, how do you expect your staff to do that?

Another way is to offer help. In modeling healthy marriages, it’s important to let others know that it’s “okay not to be okay,” and offer ways to help. For example, make sure your staff has access to intentional ministry resources, host a marriage seminar, hire a workplace chaplain or have regular times of prayer as a team where needs can be shared..

More than anything, you are the leader, so how you conduct yourself – and the tone you set for marriage issues in the environment around you – will go a long way.

Ready to Try it for Yourself? We’re Here to Help!

At SBS Accounting & Advisors, our team meets to discuss these very issues, finding ways to promote happy and healthy marriages. Recently, we were encouraged through some training and teaching we received on marriage and business, and would love to share more information, if you’re interested. In fact, tweet me with your questions or send me an email. We would love to hear from you, and help you find resources and guidance to build a healthy business and marriage.

A Trio of New QuickBooks Online Features to Kick-Start 2020

Hard to believe, but 2019 is gone, and 2020 is here! At SBS Accounting & Advisors, we hope you had a happy and healthy holiday, and can’t wait to dive into 2020 to re-energize and grow our businesses.

Helping kick-start our 2020 mission are three new QuickBooks Online (QBO) features that provide invaluable solutions to your time tracking, payment and tax needs. Not only can SBS help implement these enhancements into your business; we can also help you get the most out of them with our knowledge and expertise.

Brand New: TSheets Elite

We were already big fans of TSheets by QuickBooks. Now, TSheets Elite has upped the game.

Designed to be the go-to app to track employee time, TSheets Elite brings a ton of value to the mobile experience, helping you manage your team and tasks on the fly. With real-time synchronization and faster documentation, you can take more control of the tracking process and get access to what you need when you need it.

In addition, you’ll enjoy some standout benefits, including better team collaboration, improved profitability monitoring and quicker timesheet authorization. With our experience at SBS, we can make the most out of these tools and help take your business to the next level in 2020.

Here’s an overview of how your project will look in TSheets Elite.

Get Paid Easier With GoPayment

We both know that tracking down payments is never fun, and it’s sometimes daunting deciding how to approach the process. The last thing you want to do is get on your customers’ bad side and hurt your relationship. At the same time, you must get paid!

With GoPayment and its integration with QBO, finding and accepting payments is now much easier. GoPayment saves you time and energy by giving you complete control over the process, letting you see what stage the deposit status is in, as well as accepting invoice payments and customer payments, anytime and anywhere.

Take Better Care of Your Money With the Taxes Tab in QuickBooks Self-Employed

As small business owners, taxes typically represent not just a pain point and a nuisance, but also something that goes over our heads.

If you use QuickBooks Self-Employed, the new “Taxes” tab offers a powerful solution. You’ll now get greater visibility over your data and reporting. On top of that, new Action Cards guide you into making better decisions, helping put more money in your pocket when doing your taxes.

Below are some images of how it looks and works.

 

Ready to Launch These in 2020 or Have Any Questions? We’re Here to Help!

As you can see, these new QBO features solve issues all business owners have. The end result is a higher functioning and successful business, while also saving you time that you can put into running and growing your businesses.

Ready for liftoff, or have any questions? Contact us any time. You’ll be on your way into skyrocketing into success this New Year.

(Images courtesy of Intuit QuickBooks)