22 Dec Hey Small Business Owner! Are You Trying to Do Too Much?
Your business might be small, but your never-ending list of to-dos certainly is not! Running a small business is no joke, and many small business owners are doing even more work than they need to.
And can you guess one of the most common areas small business owners could stand to surrender a bit of control to free up more time for other important tasks?
That’s right: bookkeeping!
Running a small business and not outsourcing your bookkeeping?
You already own and operate a small business. Whether you go by CEO, owner, or any other title, your job is an important one. But are you also tasking yourself with the role of CBO (Chief Bookkeeping Officer)?
This is a role many small business owners take on. In many cases, they just assume it goes along with the responsibilities of running a small business. For some business owners, this might be the right choice.
But tell us if any of these sound familiar:
- Tax time is always a stressful, scary, overwhelming time
- You’re not really sure where your business stands financially
- You don’t have a clear grasp of your numbers
- The last thing you have time for at the end of the day is bookkeeping
- Payroll is a nightmare
- You seem to be hemorrhaging money and you’re not sure where it’s going
If any of those ring even the tiniest bell for you, then it’s time to start considering outsourcing your bookkeeping.
Don’t fall into the trap of trying to do everything yourself
Running a small business comes with a lot of work, and with that work is a lot of pride. And many small business owners pride themselves on working tirelessly.
In a society that glorifies “busy,” this is completely understandable.
But what if we told you it’s possible to relinquish some control of certain parts of your business so you can actually focus on your Zone of Genius? (Assuming accounting and bookkeeping aren’t that zone for you!)
By the way, if you’re new to the role of running a small business, don’t miss 5 Ways for New Business Owners to Take Financial Control.
Outsourcing bookkeeping can help you maximize your resources
We know it might seem counterintuitive to spend money on getting a handle on your books, but this could be one of the most important investments you ever make in your business.
Ask yourself if you can really afford NOT to have your books under control? And unless you’re a trained bookkeeper, it’s almost impossible to do this yourself. Well, to do it right that is!
Or maybe you have an admin assistant or another member of your staff working on your bookkeeping. Ask yourself if this is really the best use of their time. Were they trained to do this? Are they experienced?
Otherwise, despite their best efforts, mistakes will happen. And they can cost you a lot more than it would to outsource your bookkeeping. (Read more about the true cost of keeping your bookkeeping in-house here)
While it might require an investment to outsource your bookkeeping, it can ultimately help you save a lot. And not just monetarily!
Sure, your bookkeeper could spot opportunities to save money and reduce spending. But they also save you the most valuable resource you have when you’re running a small business: time.
Let Two Roads make running a small business easier
Just imagine the extra time you could put into the more interesting elements of running a small business. Whether it’s inventory, customer interaction, staff training, or anything else. If these elements of the job excite you more than bookkeeping, we get it!
But lucky for you, there’s nothing we love more than helping small business owners get their books under control and keeping them that way.
Click here to schedule a call and see how we can contribute to the success of your small business
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