You can get online and search for ways to manage your finances as a small business owner and find thousands of ideas. Most often, you will fall into a deep abyss immersed in lots of finance words like cash flow, bottom line, profits, tax credits, and reduction of expenses. There will be talk of investing in your business and keeping a close rein on accounts receivable and accounts payable. And that’s all great advise, however there is one aspect of small business finance that doesn’t get enough attention. In fact, I think that a recent article in Entrepreneur is the first time in a l-o-n-g time that I have heard it mentioned. Know what that is?
Posts Tagged outsourcing bookkeeping
Does market and cultural volatility and uncertainty, the complexity of making business decisions, and ambiguity about the future worry you? Small business owners don’t have an easy job in running their businesses when dealing with the present economic environment, which is often referred to as VUCA, an acronym for volatility, uncertainty, complexity and ambiguity. Therefore, entrepreneurs need to develop strategies to use in their businesses to effectively operate within a VUCA world. (more…)
Tags: benefits of outsourcing, bookkeeping, business ambiguity, business complexity, business environment, business strategies, business uncertainty, business volatility, financial management, outsourcing bookkeeping, payroll laws, small business, small business bookkeeping, The Payroll Department, VUCALeave a Comment (0) →
OK, we have already established that bookkeeping and accounting are often not an entrepreneur’s favorite part of running their business – and that’s all right. But what they miss out on if they don’t keep their books up to date are the tools that can help them make decisions; decisions that will be fueled by the owner’s confidence to grow their small business. (more…)