Monday, December 12, 2005

A Weekend of Admin Work

I didn't really do much regarding REI this weekend, except one thing: admin work. Our CPA sent us her accounting data for our business a little over a week ago, but I haven't had time to verify the data. This weekend, I sat down and started going through ALL my records for House #1 and my business in general. When the weekend was finished, all I managed to accomplish was verifying the data for House #1 up to the point we gave the information to our CPA. I really didn't think it would take that long, but I got sidetracked numerous times along the way. I still need to find time to go through records both before our purchase of House #1 and from the time we gave the data to our CPA and now. I'll be on vacation for the remainder of the year, starting this Thursday, so I should have ample time to get that type of stuff done. I've already started making a to-do list for the holiday break, and I'm sure my wife has her own for me as well. We haven't gone on a vacation out-of-country now for over three years. With the twins coming, I kind of doubt we'll go anywhere soon, either. I just have to focus more on the business and stop getting sidetracked with everyday things that take me away from my goals. One of the biggest underlying messages I've been hearing from listening to audio recordings of REI gurus is that the business needs a system on autopilot to continually function. I'm finding that that bit of advice is so crucial. I'm spinning my wheels at times trying to figure a way to market myself, when I chould have it all automated. I've already begun researching systems that will help me in this endeavor, and I'll put several of them to test during my "vacation". I'll also institute a more concrete plan on my goals for each month. Hopefully, the two will coincide, and my business will start churning out deals. Of course, I'm figuring the better part of January and February will be used to help my wife take care of the newborns (and my other daughter) AND for sleep! :-/

1 comment:

Steve said...

Thanks, Richard. Keeping it in the mindset of a business is not only something nice to do, it's an absolute must! I can actually follow most of my CPA's line items, but get lost when she factors in stuff like depreciation and loan fees. I understand straight-line depreciation a little bit, so I guess I don't have too much more to learn. :-)