Blog Layout

Why entering awards is great for business growth

Annabel Barnes • 11 June 2024

Why entering awards is great for business growth

I’m currently working on my award nominations for Accounting Excellence. This has been a brilliant time to reflect on how far I’ve come since last year. As business owners we often don’t make the time to reflect on our hard work as we’re too busy focusing on client work.


Here’s why it’s a great idea to put yourself forward for an award:


Reflect


As I’ve just highlighted, an award nomination gives you a reason to reflect on how far you’ve come since you first started out and what you’ve achieved in recent years. This process of reflection is invaluable. It’s easy to get caught up in the day-to-day operations and challenges of running a business, but taking a step back to evaluate your journey offers a fresh perspective.


The award nomination will help to highlight your strengths and boost your confidence. Identifying the areas where you excel can also guide you in refining your services and enhancing your client offerings. When you see figures down on paper that show your progress, it’s bound to put a smile on your face!


Achievements


When you pause to consider your milestones, you may realise just how much you’ve accomplished that might have otherwise gone unnoticed. Perhaps you’ve expanded your client base, adopted new technologies, or implemented more efficient processes. Each of these accomplishments, big or small, contributes to the growth and success of your business.


Reflecting on your achievements not only boosts your confidence but also reinforces your commitment to your business goals. It reminds you of your ability to overcome challenges and adapt to changes. This newfound confidence can be infectious, positively influencing your team and inspiring them to strive for excellence.



Networking


Being nominated for an award brings new opportunities and even more so if you get shortlisted or win! During the award ceremony you’ll get to meet other people in your industry, or depending on what type of award you go for, it could mean you get a platform to speak to your ideal client. 


Getting yourself in front of people and talking about what you do can open up doors for endless opportunities.




Opportunities 


You can use the opportunity to promote yourself on social media, shout about your nomination on your website or in the local press. Winning a prestigious award highlights your expertise in the industry so that you stand out from the crowd. It gives you credibility which will encourage new clients to speak to you and existing ones will be impressed by your achievements.


Planning for the future


Lastly, reflecting on your progress helps in setting future goals. By understanding where you started and where you are now, you can more accurately chart a course for where you want to go. It helps in setting realistic, yet ambitious, targets for growth and development.


The act of reflecting, prompted by an award nomination, serves as a powerful tool for personal and business growth. It’s an opportunity to celebrate your journey, recognise your strengths, learn from your experiences, and plan for an even brighter future. So, don’t hesitate to nominate yourself for awards, it’s a step towards recognising your hard work and paving the way for continued success.


by Annabel Barnes 30 Oct, 2024
5 Common Bookkeeping Mistakes Made in the Construction Industry
finance meeting
by Annabel Barnes 16 Oct, 2024
Running a successful business requires more than just tracking sales and expenses. To truly thrive, you need a clear understanding of your company’s financial health. This is where our Management Accounts service comes in. Management Accounts provide detailed, timely insights into your business's financial performance, enabling you to make informed decisions and strategically guide your business toward growth.
Construction finances
by Annabel Barnes 03 Oct, 2024
In the construction industry, where projects can span months or even years, accurate bookkeeping is not just a financial necessity; it's really crucial for operational success. Here’s why precise bookkeeping is essential for businesses in the construction industry and how Bluebells Bookkeeping can ensure your bookkeeping is accurate, consistent and you have visibility of your finances at all times.
business owner at desk
by Annabel Barnes 19 Sept, 2024
Every business is unique and has its own set of challenges and processes to follow. However, one thing that all businesses need is accurate and up to date bookkeeping. Your bookkeeping can be the difference between your business thriving and struggling. While it might seem like just another administrative task, proper bookkeeping gives you a clear picture of your business’s financial health, ensuring you're making informed decisions.
by Annabel Barnes 05 Sept, 2024
If you're a Sole Trader or in a Partnership, the upcoming Basic Period Reform (BPR) may affect you, especially if your accounting year-end date doesn’t fall between 31st March and 5th April. Under BPR, businesses with accounting year-ends outside these dates will need to adjust how they calculate profits for the current financial year (2023–2024) and beyond.
goal list
by Annabel Barnes 22 Aug, 2024
When I first decided to start Bluebells Bookkeeping Ltd, it wasn’t just about filling a gap in the market or pursuing a passion for numbers. It was also deeply rooted in my personal goals and dreams. The desire for independence, the need to build something of my own, and the ambition to create a work-life balance that suited my lifestyle were just some of the personal aspirations that shaped the foundation of my business.
financial reports
by Annabel Barnes 07 Aug, 2024
As a business owner, no matter what industry you are in, making informed decisions is crucial for growth and sustainability. One powerful tool that can significantly impact your business’s success is the use of management accounts.
by Annabel Barnes 25 Jul, 2024
In the competitive world of business, understanding and mastering your financial performance is paramount to long-term success. Financial performance is more than just numbers; it’s a reflection of your business’s health, efficiency, and potential for growth.
Chaos at desk
by Annabel Barnes 10 Jul, 2024
Managing a business is no small feat. Amidst the hustle and bustle of daily operations, one crucial aspect often gets pushed to the back burner—bookkeeping. Many business owners find themselves entangled in the web of financial records, receipts, and invoices. It’s a task that, although essential, often feels like an overwhelming chore that keeps getting postponed. This delay, however, can quickly lead to a chaotic financial situation.
unlocking potential
by Annabel Barnes 27 Jun, 2024
One of the most crucial elements that drives your business decisions, is a clear understanding of your business finances. At Bluebells Bookkeeping, we believe that financial clarity is the key to unlocking your business potential. Here’s why understanding your financial landscape can lead to significant growth and success.
More posts
Share by: