Sterck Enfield O'Neill accounting group, inc.
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 The Accounting Educator . from Your Financial Success Advisors 
December 2003, Number 2 
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Greetings!

Year end reviews are great for business... when they help you take stock of what is working for you and what you want to change. Our articles direct your last 2003 contemplations to your use of financial services, your staff, and ways to improve your sales in the New Year.

We also extend our invitation to you to give to others. The year's final article again links to a charitable after- school program that serves disadvantaged children, and that site lets you donate on-line by credit card. You can do that today and receive tax benefits for 2003 to the fullest extent allowed by law. But, whether you give to Tenderloin kids or to another favorite cause, we encourage you to give for the joy of it! Happy 2004!

In this issue...
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  • Why You Need An Accountant
  • Performance Reviews Look Forward
  • Use Strategy to Sell in 2004
  • Gone in 60 Seconds!
  • Help 24 Kids Get After-School Care

  • Performance Reviews Look Forward
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    Have you stopped providing your employees performance reviews because you don't want to deal with the logical follow-on question of raises? Or, are you still searching for the perfect phrases that fit your staff and haven't become trite with over use?

    Executive coach Joan Lloyd's tips respond to these and other common issues which people use as an excuse to postpone employee reviews.

    Looking over the strengths, weaknesses, and goals of each staff member isn't just an annual ritual. A professional, positive discussion of each of these items improves employee understanding of their critical role in your business. Evaluations let you guide, coach, and, most importantly, listen. They ready you and your team for the coming challenges.

    Your business needs you to take the time to evaluate the performance and future growth plans of each of your employees. Regardless if you're reviewing a large staff or just sitting down with yourself, your business will be helped by doing those personnel assessments now.

    Forward Through the Looking Glass... »

    Use Strategy to Sell in 2004
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    If you don't have a strategy, your sales pitch will end with the prospect asking the energy sucking question, "How much does it cost?"

    Don't go into a sales presentation like a robot on a mechanical mission, writes Jeffrey Gitomer. Instead, assess the big picture of what it takes the customer to buy.

    "Having a strategy means you understand the selling process from the buyer's perspective," Jeff says. Figure out how you can help the prospect best, and you will earn his business.

    Jeff arms you with strong bullet points for your sales arsenal. Click on the link below and start designing your new year's strategy.

    8.5 Steps to a Buying Decision »

    Gone in 60 Seconds!
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    "When selling, you have one minute to pique your prospect's interest," says Tony Parinello. After that, their attention has moved on.

    Tony gives you simple strategies you can use immediately to get your foot inside the buyer's mental doorway.

    For example, ask open-ended prompting questions that cannot be answered with a "yes" or "no". Begin your interactions with words like "what", "how", and "why", he says.

    Learn how to make the most of your 60 seconds. Get your potential customers involved before they wander away.

    Learn How to Use Your Minute... »

    Help 24 Kids Get After-School Care
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    Too many young children in San Francisco's Tenderloin have no place to go after school. Their parents must work to keep the family off the street. They stretch for food and shelter. There is no money for childcare. The kids are at physical, emotional, and academic risk.

    The Up On Top After-School program provides a free, state-licensed, care center for 24 of these public- school students every day. This program survives by private grants and donations.

    The holidays are a terrific time to donate to Up On Top -- or to your own favorite charity. Charitable giving is a great antidote to commercialism, cynicism, and frenetic gloom.

    Your gifts may help with your taxes. Sterck Enfield O'Neill can assist you with the tax planning for your donation. But, the most important benefit is the good that your generosity will do in the world.

    Give to an After-School Oasis for Tenderloin Children »

    Why You Need An Accountant
    "One aspect of running a small business that few people give a lot of thought to is the way they deal with professional vendors such as bankers, lawyers, accountants and so on," writes Keith Lowe in Entrepreneur.com.

    We blow our own New Year's horn in this article and share Keith's wisdom on what your business should expect from its professional accounting services. Click on the link below to ensure that you are using the expertise of your accountant to the fullest.

    Whether it's setting up your in-house financial systems, reviewing lease vs. buy options, or helping you use your fiscal statements, Keith explains what your CPA can do for you. Read his comments, and contact Sterck Enfield O'Neill for your specific business needs!

    Patricia A. O'Neill
    Partner

    How to Use Your CPA...

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