outsourcing

Make your company run like ‘Clockwork’

Make your company run like ‘Clockwork’

Setting up any business system can be a challenge. They range anywhere from organizing employee’s job assignments effectively to creating cash flow projections. Handbooks and guides on how to do all this are plentiful, but if you’ve heard about Mike Michalowicz’s entrepreneurial journey, you’d know that his organizational techniques are more than just a little effective. Take a look at Mike’s tips on balancing four ways you can better streamline workflow and the overall health of your company. ‘The 4D Mix’ – These are known as the four different stages of a business’s activities: Doing, Deciding, Delegating and Designing. Whether there are a number of employees or it’s just a single owner of a company, the four D’s are constantly happening to keep things moving forward. The problem is, there isn’t a good balance between these actions and many people get stuck between the “Doing” and “Deciding” of things. Learn the true differences in the 4D Mix so you can experience a higher success rate when running your business. Doing – This is the act of actually getting a product to a client or servicing customers. Whether it’s planting and shaping a few wisteria saplings, or building unique birdhouses, this “doing” Continue Reading »

Should Your Small Business Hire an Accountant?

Should Your Small Business Hire an Accountant?

Whether you’ve played baseball, football, basketball or soccer, odds are you signed up to play on a team. This team consisted of a Coach. The coach would observe your abilities during practice or try outs and then make a sound decision on what position you should play — recognizing your strengths. At practice the coach would also identify areas you needed to improve upon, to become a better player on the team. The goal of the Coach is to see the team work together and enhance their skills, ultimately to succeed. When you are interested in learning to play an instrument, speak a different language, learn to dance, or book a fancy vacation – 9 times out of 10 you would seek the help or guidance of a professional in the particular area of interest. The same is true for a small business. As a new/existing business owner, why wouldn’t you want to look for a mentor to help you grow? As an accountant, we like to think of ourselves as a coach or “money partner” to your business. We also enjoy watching young entrepreneurs evolve.The most important thing you can do when it comes to your business finances is Continue Reading »

It’s Time to Outsource

Savvy business owners know there are good times and bad times to outsource. There are aspects to every business that are critical to manage internally, and there are necessary functions that can be done more effectively and efficiently by finding the right outsourced provider. Generally, outsourcing should be considered in either of the following two cases: 1) when greater efficiency can be achieved externally; or 2) when specific expertise is required that cannot reasonably be created internally. For many small businesses, accounting fits not one, but both of these criteria. Most small business owners are better off focusing on making money than counting money. When owners spend too much time counting money, other key areas of the business tend to suffer. It’s no wonder that most small business owners quickly come to the realization that it’s not in their best interest to personally handle their own financials. Traditionally, for many businesses the next logical step has been to hire a part-time, internal bookkeeper. But with limited resources, most businesses struggle to find the right individual. Honestly, the best and the brightest aren’t typically available for part-time, relatively low-paying work. Fortunately, outsourced accounting service providers can provide the perfect solution. Partnering Continue Reading »