Spring is here!\u00a0 New grass is coming in.\u00a0 Perennials are starting to bloom.\u00a0 You might even be motivated to do a bit of cleaning (or pay someone else to do it). You\u2019re probably getting outside more, perhaps starting practice on your softball team, prepping your garden, or using the extra daylight for evening walks.\u00a0 Springtime inspires a universal sense of starting new activities and taking a fresh look at the world. \u00a0Why not include your business in that fresh look? Spring cleaning your finances can boost your small business profits. It will be quick, easy, and unlike cleaning, I promise it won\u2019t make you sneeze. First Step to Spring Cleaning: Lose Expenses That Don't Deliver Value When was the last time you evaluated the return on your subscription to \u201cThe Widget Makers Magazine?\u201d \u00a0Do you just pay the bill out of habit?\u00a0 Perhaps you even have the subscription set to auto pay. It\u2019s easy to fall into a routine, doing things because you\u2019ve always done them.\u00a0 While it delivered value in the beginning, the tool or resource may no longer meet your need.\u00a0 The business world is always changing and evolving, you need to be sure you change with it. Here\u2019s a quick and easy way to spring clean your expenses: Print out a list of your expenses from your accounting or bookkeeping system As you read each line answer the following questions yes or no.\u00a0 If the answer is yes to any of the questions, cross out that line. Did this expense produce any new leads, customers or revenue in the past three months? Is this expense necessary to keep my business running?\u00a0 This may include items such as your office rent, business filings, or attorney fees. Is this expense necessary to service my clients? Take a hard look at the expenses that are left on your list.\u00a0 Is it something new that is still being tested?\u00a0 Imagine having to defend the expense to a stranger (or me if that helps.) Eliminate the expenses that aren\u2019t still being evaluated or you can\u2019t objectively defend. Doesn\u2019t that feel good?\u00a0 You\u2019ve cleaned up your expenses, saved some money, and reinforced the right places to be investing your hard earned cash. Second Step: Lose Activities That Don't Deliver Value Time is money.\u00a0 Time is actually your most precious asset. \u00a0It can't be saved up, rolled over or even purchased from someone else.\u00a0 Every person gets 24 hours in a day and seven days in a week. Getting rid of activities that don't produce results is just as important as getting rid of underperforming expenses.\u00a0 The review process is very similar. Start by writing a list of all your common activities, there are no write or wrong answers, just brainstorm.\u00a0 You can do it in word, on a piece of paper, a white board or even borrow your pre-schooler's crayons.\u00a0 Just get a list put together. Once you've got all your activities down on paper it's time to do a review.\u00a0 Ask yourself the following questions.\u00a0 If the answer is yes cross out that activity: Did this activity produce any new leads, customers or revenue in the past three months? Is this activity necessary to keep my business running?\u00a0 Paying taxes doesn't generate revenue but it does keep you out of jail.\u00a0 That makes it a necessary activity. Is this activity a necessary part of servicing my customers? Just like you did with the expenses above, take a hard look at the activities left on your list.\u00a0 Is it something new that is still being tested?\u00a0 Imagine having to defend the activity to an investor or colleague.\u00a0 Eliminate the activities that aren\u2019t still being evaluated or you can\u2019t objectively defend. Doesn\u2019t that feel good?\u00a0 You\u2019ve cleaned up your expenses, saved some money, streamlined your activities, opened up time on your schedule and reinforced the right places to be investing your assets. Final Thoughts on Cleaning Up Your Small Business Finances Do you have a spring cleaning ritual for your business?\u00a0 What does it involve?\u00a0 After doing these exercises, what have you discovered or changed in your company?