Posts Tagged ‘vacation’

Did You Unplug This Summer?

Friday, August 26th, 2016
Vacation Time | Unplug From Work | Ohio CPA Firm

Employees shouldn’t be afraid of the off switch. Those who are overworked are oftentimes less productive and generally less happy, but time off can provide renewed energy to return refreshed and ready to take on whatever may come your way. For example, this season, find some time to enjoy the outdoors with family and friends. Keep reading to learn more.

As the summer is winding down, you are probably finding yourself preparing for fantasy and college football, bracing for pumpkin spice everything, and seeing the school buses out and about. Before you transition to your fall routine, it’s important to take a moment to reflect on the summer months.

The months of June, July, and August are synonymous with family vacations. School’s out. The weather is warm. The beach seems to be calling your name. Did you take advantage of the vacation time this year or was your work laptop nestled in with your luggage? You know, just in case…

If you are like a lot of business professionals, you have probably found yourself suffering from an inability to unplug from work. In the age of smartphones and laptops, we are finding ourselves more connected than ever before. And this increased connectivity has made it harder than ever to unplug from our professional selves.

It’s important to remember that your vacation is part of your compensation package. Not only do you work hard to earn a paycheck, you work hard to earn time away from the office – which means you’ve also earned the luxury of completely stepping away from technology – but it’s not going to be easy.

I recently read an article from CGMA Magazine that outlined five tips to help professionals getting more out of their time away from the office. In fact, the tips were so good that I wanted to pass them along!

  1. Embrace a pro-vacation culture
    If your employee handbook and company culture call out the importance of vacations, embrace the mantra and take the time allotted to you to recharge. Vacations aren’t just great for you, they can be very good for business as well! Well-rested employees are happier and more productive. So go ahead…book your next trip guilt free!
  2. If you fail to plan, you plan to fail
    If you are planning a two-week family vacation, you probably have a good idea when you will want to take it. Your employer should be kept in the loop too. Oftentimes, managers have no problem with long vacations – as long as they have enough time to plan for your absence. Once you have settled on which dates you need to take off, share that information with your manager and colleagues. It’s also good practice to set aside some time to meet with you manager on your first day back. This will help you catch up on important projects or issues you may have missed.
  3. Delegate work
    Work with your team to determine who is best suited to take the lead on key projects while you are out. This will help mitigate interruptions in productivity while you are away. Your vacation can also serve as a very important gauge for managers, as they will have an opportunity to evaluate whether the second-in-command might be ready to assume more responsibility in the future.
  4. Turn off the light…and the phone…and the laptop
    If you want to make the most of your vacation, set up your out of office email message and step away from the tech. If you don’t, you will be drawn into its bright, electronic glow. Managers have to be ready to play a huge part in changing the company’s culture. If checking in with work is necessary, establish one short window each day when you’ll be reachable and stick to it.
  5. Relax!
    While you are on vacation – regardless of how long or short it may be – you are allowed (and expected) to put your work worries aside. Once you do, you will return to your job feeling more energized and ready to tackle tough projects.

In other words, employees shouldn’t be afraid of the off switch. Those who are overworked are oftentimes less productive and generally less happy, but time off can provide renewed energy to return refreshed and ready to take on whatever may come your way.

If you are planning on taking some time off work this fall, take advantage of these tips. But if you are holding out for next year’s summer vacation with the family, save this article and make it a point to refer to it again later. That way, the next time you leave work for pleasure you will be able to unplug from technology and vacation like a pro!

By Nathan Esselburn, CPA (Dublin office)

Check out these articles for additional insight into some of the best habits of business owners.

 This Is An Intervention – Step Away From Your Business

What Are The Top 5 Challenges Business Owners Face?

What Are The Ingredients For Business Success?

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16 Resolutions For Business Growth In 2016

Monday, January 4th, 2016
Be Accountable In 2016 | Rea & Associates | Ohio CPA Firm

Might we suggest 16 resolutions to help your company prosper in 2016?

New Year’s resolutions aren’t just great ways to set personal goals; they can help keep us on track professionally as well. This year, instead of worrying about which goal you are going to pick from the New Year’s Resolution menu, why not consider committing your energy and resources into ways that will improve the overall health of your business?

Might we suggest 16 resolutions to help your company prosper in 2016?

1. Celebrate your amazing team.

If you’ve been in business for a while, chances are you wouldn’t be where you are today without your team. Just remember that if you don’t work to retain your top performers, you run the risk of losing them. Start celebrating your human capital.

2. Make a gift, but make sure it’s effective.

When we give a monetary gift to a not-for-profit organization, we want to know that it’s going to be used in the best, most effective way possible. Make sure your money is well spent.

3. Design a better retirement plan.

The way your company’s retirement plan is designed can be a huge motivator for your employees. If your plan has a good plan design, participants will be more willing to invest in it. Work with a retirement plan expert to find a retirement plan design that works for you.

4. Review your will, estate plan and buy-sell agreement.

Legal changes over the last few years may have made updating these documents necessary, not to mention any personal changes that may have taken place. It’s just good practice to make sure this important paperwork gets updated regularly. It could get messy if you forget.

5. Develop a line item in your budget for continuing education.

Investing in yourself and your employees is a good way to engage your workforce. One way is to add dollars to the budget for training and continuing education. Find out what else you can do to promote employee retention.

6. Improve your company’s cash flow.

Easier said than done, right? Just remember that you can’t spend the bottom line profit, but you can use the cash flow to reinvest in your business and community. A sustainable cash flow model will ultimately increase the value of your business.

7. Know what your business is really worth.

Your business is easily your most valuable asset. So, how can you nurture its growth if you don’t know how much it’s worth? Discover why it’s so important to know the value of your business.

8. Develop a wellness program.

Healthcare costs are high and one way companies are taking control is by introducing a wellness program. As with any new plan, several factors will greatly increase your company’s success.  Start planning your wellness program implementation and soon you will be saving money.

9. Upgrades for the business.

It seems like there are always better ways to get things done. Perhaps 2016 is a good time to make a few upgrades. In the process, your purchase could be good for a deduction at tax time.

10. Schedule a family vacation.

A successful business has the understanding and support of your family. Long hours … late suppers … numerous emails and a 24/7 mentality have become just another part of the routine. Reward yourself and your family with a family vacation. A vacation isn’t just good for your peace of mind, it’s good for your business.

11. Save more for retirement.

It’s always a good idea to keep your retirement goals top-of-mind, which is why you should evaluate your current retirement plan situation and determine if you need to make any changes to get further ahead in 2016. Ask your advisor if you are setting aside as much as you could (and should) be.

12. Defend your cyber space.

Hackers and fraudsters are stopping at nothing to get to your data. Whether they have plans to steal your system’s information to sell to other criminals or are trying to make a quick buck by holding your data for ransom, if you don’t have a disaster recovery plan you and your business could be in serious trouble. Make 2016 the year you get your data security plan in place.

13. Meet with all your advisors at least once a year.

You work with a lot of people over the course of your career and it’s important to maintain those relationships – regardless of whether you will need their services or not. Set aside some time to meet with your accounting, legal, estate planning, investment, banking, retirement and other advisors, even if it’s just to chat. An impromptu meeting could reveal opportunities you didn’t know were there.

14. Establish a fraud hotline.

The Association of Certified Fraud Examiners has found fraud hotlines to be the most effective way for detecting and preventing fraud. Don’t let occupational fraud destroy your businesses.

15. Stay organized … for real, this time.

Every year it happens. You promised yourself that this year would be different. Now, once again, you are rushing to your gather receipts, remember how much money you spent at last year’s company retreat, and backtrack through balance sheets. Wouldn’t it be nice not to have this year-end stress anymore? By implementing a few simple procedures, you can avoid another crunch-time crisis.

16. Trim the fat.

If you are really looking for a way to make a significant reduction this year, take a look at your inventory. If you are carrying around some extra weight, chances are your business is feeling the pinch. This simple 3-step program will get you back on track.

Be Accountable In 2016

Have you identified a few resolutions to begin implementing over the course of 2016? Great! Need help holding yourself accountable? Send your list of 2016 New Year’s Resolutions to Rea & Associates and one of our business consultants will work with you to make this your best year in business yet!

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Can a vacation improve your health?

Wednesday, June 16th, 2010

The vacation season is officially upon us. And while you might be thinking that you can’t afford the time off, consider this: taking a vacation is important for your health. (more…)

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