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New Year Resolutions

New Year Resolutions. By. C.A. N.K. Jain. Happy New Year :2010. Resolution No. 1:. I will take atleast 1 week long holiday.

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New Year Resolutions

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  1. New Year Resolutions By C.A. N.K. Jain Happy New Year :2010

  2. Resolution No. 1: • I will take atleast 1 week long holiday • You should take atleast 1 week long holiday i.e. from 1st Jan. 2010 to until you release the stress of the long and busy schedule of Audits and Time Barring Scrutiny Assessment • This will keep you fresh and energetic for the entire year 2010 • This will also make your family happier • Don’t forget to inform the world that you are out of town for an important assignment.

  3. Resolution No. 2: • I shall keep updated myself thoroughly on subjects related to my practice by way of : • Attend CPE meeting at least 3 hours every month • Have good number of books in my Book Shelf • Spend Sufficient Time for Reading • Keep surfing the related Websites • Join the Web Group • Become speaker or writer (This is the best way of marketing your services)

  4. Resolution No. 3 • I shall maintain daily and weekly diary with hourly appointment and maintain punctuality • The first appointment for 2010 shall be a date after you come back from your important assignment as per Resolution No. 1 • Delegate the work and write in the diary for follow-up • On returning the original papers or important Documents to the Client take acknowledgement in the diary • Answer E mails as early as possible preferably within 24 hours

  5. Resolution No. 4: • I shall double my fees structure across the Board: • Demand for CA’s Services has grown in past few years to more than double • Salary range of members in Corporate sector has grown more than double • Cost of services have been more than doubled: Just Check your : Electricity Bill Conveyance Bill Staff Salary Telephone Bills Computer related expenses and compare with 2 year old bills and will find the reason • Cost of office or prevailing lease value is more than double • Just simply double your fees. It is tested and guaranteed approach by which your revenue will grow at least by 60%. Without the risk of loosing clients

  6. Resolution No. 5: • I shall not provide free lunch • Always charge and bill for every service you provide and for any time spent for client. Don’t Forget to charge for any Adjournment, meeting with clients for any discussion (whether in your office or client’s office), meeting with other professionals, making or signing provisional balance sheet, issuing ant certificate, signing certified true copies etc.

  7. Resolution No. 6: • I shall not give any opinion or advice on telephone • Always ask your clients to send their query by e-mail or fax and reply the query along with bill Some of the Excuses which you can use for not replying on phone: Driving, Visitors are sitting before me, I am sitting in deptt, I am in meeting, I am having Lunch etc young members can use some different excuses also This will save your time and increase your top line as well as bottom line

  8. Resolution No. 7: • I shall dump the clients who are not up to the mark in terms of: • Payment of fee (timely and value of services) • Maintenance of Records ( it will save your time and risk) Famous Peter Drucker’s Theory of 80:20 says your 80 % of Fees will come from 20 % of clients

  9. Resolution No. 8: • I shall not make client as my friend and friend as my client This way you can save your client as well as your friend

  10. Resolution No. 9: • I shall plan my work and shall not wait for last month for audits and filing of Returns • Plan your work in such a way that you don’t have to do late night working as well • Do not work on Saturday. Keep it Free for learning or enjoying

  11. Resolution No. 10: • I shall plan strategic Networking and Merger To increase firm’s capacity

  12. Resolution No. 11: • I shall REMEMBER & IMPLEMENT the above resolutions • We have the tendency to forget all the good lessons. Therefore, more often than not we end up making the wrong decisions. • Make sure that you read the above resolutions before every assignment. Follow the above resolutions for 2010 and see the difference for yourself. • Here’s wishing you all a very happy and ‘profitable’ 2010.

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