For most people accounting is the least interesting and most mundane chore of a business owner. That's not why you became an entrepreneur. You went into business to focus on the things you do best and to grow your business and succeed. Unfortunately 32.1% of small businesses fail due to poor management of financial activities.
That includes keeping books. Keeping track of YOUR money. So it's extremely important that you keep accurate books. You need to know where every penny is going so you can concentrate on where they are coming from.
That includes keeping books. Keeping track of YOUR money. So it's extremely important that you keep accurate books. You need to know where every penny is going so you can concentrate on where they are coming from.
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But in business the reality is that 80 % of sales (or probably much more) come from 20% of your activities as the owner. It's when you focus at least 80% of your time on why people buy from you that your business really grows. When you focus on your customers and what they really need from you. What they want from you.
There are really only three ways you can get your books done and only two of them that you can trust to be accurate. One, you can do them yourself. If you love crunching numbers and have lots of free time, this is a great choice. A second option is you can hire an employee, pay all the taxes and fees associated with that, pay them for all the minutes (which quickly turn into hours) that they are doing anything but working on your books.
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