Last week I set up my accounting system. I chose Quickbooks online. I assessed the landscape and narrowed down the field based on; price, requirements, features and product maturity.
I was setting up the basics. Adding expenses from the last few months, setting up the invoice template and journal-ling (even a word?) a few Opening Equity Balances.
Are you lost yet? I’m thankful I’ve had heaps of exposure to businesses much bigger than this, so I’ve been across balance sheets, P&Ls and Charts of Account for a long time. While I was setting it all up I was reminded just how outrageously confusing it would all seem to the uninitiated.
I have no doubt tasks like this could be so enthusiasm stifling when you’re trying to set up a new business. And the thing is, it’s constant! Because tomorrow you’re going to be reconciling transactions, trying to set up your cover image on Facebook, add copy to your website (that you pray gives you some SEO value to end up on the front page of Google [WTF is SEO now you’re asking!]) and much more.
So where the bloody hell do you start?
You start with the next step.
Having a vision of where you want to be in 12 months is great, but don’t let it look like such a BHAG (big hairy audacious goal) that you can’t see the forest through the trees,…or the individual tree in this case.
Work out what you need to do today.
Compartmentalize what you need to do, and keep breaking it down until you get to the next task.
Start with that one task, today. Compound those small things every day and you’ll achieve your long term goals.
‘Success is the gradual realization of a worthy ideal.’ – Earl Nightingale