Why You Should Consider Outsourcing Bookkeeping
Ask yourself, what is my time worth? What can I spend less time on, so I can focus on growing my business?
As a small business owner, you have so many things taking up your time. You manage your marketing, employees, inventory and so much more. Managing your company’s accounting may seem like one of the smaller things that you do in a week, so you may not notice how much time you lose. Imagine what else you could get done if you had a couple more hours a week, or a month?
Let’s face it. You can’t actually do everything alone. You shouldn’t have too. Use your resources so that you can and focus your time on getting new clients and growing your business.
There’s a myth in American entrepreneurial culture that successful entrepreneurs need to be able to do it all. They need to be experts on marketing, expected to have in depth knowledge of tax laws, and have instant and detailed knowledge of the inner workings of every part of their company.
In truth, no successful company can run this way. In the startup phase, many entrepreneurs do end up picking up a little bit of everything, but as a company grows and expands, one of the crucial steps that entrepreneurs must go through is learning to delegate to other people, so that they can focus on building and growing their business.
Using a cleaning service when you don’t have time to clean is fine. Have someone help you with Social Media Marketing, it will take WAY longer to teach yourself, trust me. Use a bookkeeping service to track income/ expenses, payroll, bank reconciliation, whatever it is that you are spending time on. So many times it’s easier to do it ourselves but think of what kind of investment you are making in your business. Don’t forget, you have to grow with your business. Get advice when you need it. Most of all, enjoy the experience.