Many business owners hope their products or services will be used by many people. While it's important to focus on developing products that make customers happy, managing finances is also essential for a business to thrive. Various costs are involved, such as product development, labor costs, rent, utilities, and more. Additionally, taxes must be paid. These back-office expenses were never on my mind back when I was an employee.

 

Have you ever wondered how much the rent for your desk in the office might be? Every single thing, from a desk to a pencil, incurs expenses and must be paid by the company. However, the company doesn't start with money in hand. So while it's not exactly a chicken-and-egg situation, without money, a company cannot continue, and without a thriving business, money won't increase.

 

Therefore, to minimize expenses initially, a business owner might not hire employees and handle everything on their own. The concept of a minimum wage doesn't mean much to a business owner. No matter how many hours you work, if money isn't coming in, there won't be any salary. 

 

There's no room to voice a dislike for accounting or to avoid it. It's necessary to know how much your company currently has, what expenses are expected in the future, and the anticipated income. While focusing on sales and product development is important, the most crucial aspect is understanding your company's financial health. The only way to do that is through diligent accounting - just a gentle reminder to my fellow business owners.

Ever ridden a motorcycle? I've been on two wheels since high school, through college, and still own a Vespa today. There's just something about riding motorcycles - the freedom. I remember the first time I hopped on one, marveling at how much smoother and easier the ride was compared to a bicycle. It felt like I could go anywhere. And so, from my first humble ride, I moved on to bigger bikes in search of more speed.

But let me tell you, I wasn't the smoothest rider compared to my friends. They'd zip around corners at lightning speed while I struggled to keep up. I wanted to be like them, so I practiced relentlessly. Yet, no matter how hard I tried, I couldn't quite master it. Time flew by with graduation, jobs, and even starting my own business. And then, the urge to ride hit me once more. That's when I decided to get my motorcycle license and attended a training school in the States.

It was there, after years of riding, that I learned something I never knew. When taking a corner, you're supposed to look toward the exit point where you want to end up. Me? I was always fixated on what was directly in front of me. It’s not intuitive, but the bike naturally follows your gaze. Wish I'd known that ages ago!

This might sound like a motorcycle story, but it's got parallels in business and life. Wherever your end goal or whatever you want to achieve, keeping your eyes on the prize seems to make everything fall into place. Of course, it's equally important to not dwell on the places you don't want to end up.

If there's something you want to achieve, clarity is key. Focus on what you want and let every action lead you there.

PSPINC, a prominent member of the Seattle Executives Association, is delighted to announce our sponsorship of the upcoming IEA conference. As part of our sponsorship, we are excited to showcase Biznomos, an innovative association management and web portal program.

Biznomos is specifically designed to streamline communication and collaboration for organizations and their members. With its user-friendly interface and comprehensive features, Biznomos empowers associations to effectively manage their operations and engage with their members on a deeper level.

As sponsors of the IEA conference, we look forward to sharing the benefits of Biznomos with attendees and demonstrating how it can transform the way associations operate and interact with their members. We invite you to visit our booth to learn more about Biznomos and discover how it can help your organization thrive in today's dynamic environment.

Have you ever considered the idea of working in Japan? Instead of just visiting as a tourist, imagine having the opportunity to earn money while experiencing the rich culture and unique lifestyle of Japan. With Japan currently experiencing a significant labor shortage, many companies are actively seeking to hire foreign workers to fill various roles.

If you're interested in exploring job opportunities in Japan, the first step is to create a Japanese-style resume, known as a "rirekisho." Crafting a resume that adheres to Japanese standards can be a daunting task, especially if you're not familiar with the format and conventions.

But don't worry! PSPINC is here to help. We're in the process of developing a website that will enable you to easily create a Japanese-style resume online, and best of all, it's completely FREE. Our platform will guide you through the process, providing templates and tips to ensure that your resume meets Japanese expectations.

Stay tuned for updates on the launch of our website. Whether you're dreaming of teaching English, working in IT, or pursuing a career in another field, PSPINC is committed to helping you navigate the job market in Japan and make your professional aspirations a reality.

https://www.pspinc.com