Should Your Small Business Hire an Accountant?

in accounting, collaboration, culture, outsourcing, people, training, workflow

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 recognize when you need to enlist the help of a professional, and then find an accountant who will help maintain the fiscal health of your business.

If you were to hire an accountant, they could assist you in:

 

  • The Start – Up Process – There are a number of actions you need to take and systems that you need to set up in order to create the foundation for a successful business.
  • Regular Business Operations – Once your business is off the ground, you will need help maintaining the accounting systems put in place so you can continue to measure your success.
  • Business Growth Stage – When you are ready to grow your business, your accountant is an integral resource who may provide advice and help as you manage the process.

Managing your own accounting system incorrectly can hurt your business not only now but in the long-term.

Smart business owners have learned to delegate their bookkeeping to experienced accounting professionals because business growth depends upon the critical ability to let other professionals handle anything outside of your business core competencies.

As a business owner, you wear many hats. You are likely both a coach as well as a player on the team. This makes it doubly important for you to acknowledge those strengths and competencies early so as to position yourself accordingly on the team, creating a best possible outcome for your company. If you’re not sure what your strengths are, just add “free personality/skills assessment test” to your next Google search, to find some tools that can help. Here’s a tip though, and one you likely already know:

If accounting was your passion and something you were really good at doing, you would have gone into the accounting field first, instead of what you’re doing now.

 

Of course you want your business to ‘ultimately succeed’! One way to do that is to start with players whose passion and skill exceed your own, especially in those positions that are less inherent to your most obvious business mission and purpose.

If you find yourself on the field inspecting the height of the grass and sprinkler systems in lieu of doing a proper job with your accounting, you should hire a professional.

Find out more about Accounting for Landscaping and Green Industries by visiting Account-Solve.com

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