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 16 September 2026
There’s something comforting about a spreadsheet. It’s familiar. It’s free. You can make it look exactly the way you want.
by Annabel Barnes 3 September 2026
From April 2027, a significant change is coming that will affect how you record your income, manage your finances, and submit information to HMRC. The good news? There’s still time to prepare. The even better news? You don’t have to figure it out alone.
by Annabel Barnes 19 August 2026
Self Assessment doesn’t have to be stressful. With the right habits in place, it becomes something you barely think about, because you’ve got a bookkeeper by your side, doing the heavy lifting.
by Annabel Barnes 5 August 2026
Whether you’re running a small team of tradespeople or managing multiple sites at once, understanding exactly what each job costs you is the difference between growth and guesswork.
by Annabel Barnes 22 July 2026
The more prepared you are, the more you get out of it. Your accountant’s time is valuable, and so is yours. Arriving with the right information means less time spent hunting down basics and more time focused on the advice that actually moves your business forward
by Annabel Barnes 8 July 2026
Running an ecommerce business is exciting, but as your sales grow, so does the complexity behind the scenes. What worked when you were processing ten orders a week starts to feel creaky when you’re handling ten times that. And nowhere does that strain show up faster than in your bookkeeping.
Crane
by Annabel Barnes 24 June 2026
CIS is HMRC’s way of ensuring tax is collected from workers in the construction industry. If your business uses subcontractors, you’re likely a contractor under CIS and that comes with responsibilities.
DonationBox
by Annabel Barnes 10 June 2026
Gift Aid is one of the most straightforward ways to boost your charity’s income without asking donors for a single extra penny. Here’s everything you need to know.
by Annabel Barnes 27 May 2026
Semi-permanent makeup. Scalp micropigmentation. Medical tattooing. Microblading. Whatever your specialism — if you’re self-employed in the micropigmentation world, a big change is coming to the way you handle your taxes. And the sooner you know about it, the better.
Annabel Barnes
by Annabel Barnes 11 May 2026
Bookkeeping isn’t just a box-ticking exercise. Done well, it creates clarity, strengthens decision-making, and proves that your organisation is financially well-managed. Done poorly, it creates confusion, delays, and doubt.