You seem to have less time for working on your business, and more time is spent on tedious admin. But when is the right time to outsource your Bookkeeping?
Do you need……
1. To focus on your core business, by devoting your time to strategy, marketing, funding and daily operations.
2. A background in finance to ensure that no mistakes are made that will cost you money.
3. A work-life balance, where presently you are taking hours to learn and perfect bookkeeping and you could outsource this department for a few hours.
4. A bookkeeper. You may think DIY is saving you money, but a qualified bookkeeper saves you by reducing human error and brings expert knowledge to cash and tax management.
5. Help to manage your cash flow, by ensuring payments are timely, and sales = money in the bank account.
And lastly, consider the Opportunity cost of the time you have freed up, the time can be better spent on something or with someone you love.

Over the past year, I and I am sure many of you have been exposed to the philosophy of listening to your body and your intuition.

While I skirt around the edges, life lessons have taught me that when you feel something is not right, you need to listen to that voice.

So you have made the responsible business decision, and have a Bookkeeper or Accountant. But then over time, you have that feeling….

“I asked for Management Accounts, why is it taking so long”, “I should have submitted some documents, where are they”

Listen, take note, and ask questions.

And be guided by your inherent intuition.