Why You Need to Hire a Bookkeeper as an Entrepreneur
Entrepreneurship involves a person acting as many roles. The CEO, CFO, COO, employer, employee… the list goes on. Many entrepreneurs birth their businesses to perform or sell their craft to their industry. They quickly get overwhelmed by the array of tasks that's involved. Nurturing businesses full-time is a ton of work! They have to think of the legality, taxes, and accounting to name a few. Entrepreneurs also have marketing, blogging to build their authority, and building a community.
At the end of each quarter, they become stressed and find their bookkeeping stacked up to the ceiling. All of their transactions are marked as “miscellaneous” instead of being properly categorized. The frustration that you experience while doing your accounting is the very reason why you need to hire a bookkeeper as an entrepreneur.
Accounting has been a passion of mine for some time. Servicing millennial women working in their businesses makes me feel honored that I am a part of their journey. Imagine being able to outsource your accounting to a a trained bookkeeper who understands you as a business owner.
Someone who appreciates the creativity and passion it takes for you to be able to pursue your dream as well as the structure of an online business.
Someone who is also is analytical. The analytical aspect will guide you saving money in your business while being profitable. You will be able to focus on the things in your business that you love. Reassured that the financials in your business are shown some love.
Reason #1: BOOKKEEPING IS NOT SOMETHING THAT YOU ENJOY IN YOUR BUSINESS
Chances are, you’re not the bombdotcom in accounting. On one hand it doesn't exist for a lot of business owners or take hours to complete when you DIY. When starting your business you need someone to help guide you into organizing your finances. Read more about how I can help newbie entrepreneurs here!
On top of that, you’re probably commingling your funds as we speak! You may be under the impression that when you glance at your statements at the end of the month, it’s called bookkeeping… Wrong!
READ ALSO: HOW TO STOP COMMINGLING YOUR BIZ AND PERSONAL EXPENSES NOW!
Bookkeeping can take you away from the tasks in your business that you perform at a 100%. Just ask Mattie of Mattieologie or any other full time entrepreneur with a team about the benefits of outsourcing in your business.
If numbers are something that you don’t want to consume your Friday's sweating over, it's time to find a way to understand it more so you can do it effectively by yourself or hire someone to do it for you.
When you hire a trained bookkeeper, you’ll be able to receive those hours back into your life. You’ll be able to meet the deadline for your latest launch. Not crunching your numbers from your last. Your bookkeeper will even know exactly what you need to exceed the previous!).
You’ll also be able to spend time with your family. Whether it be your significant other, children, or your friends! You know, the ones you’ve caved on since the end of last year because you were grinding. Grinding and hustling on the things in your business that doesn’t necessarily move the needle to where you intended on being.
reason #2 A BOOKKEEPER IS YOUR PARTNER IN ENTREPRENEURSHIP
Entrepreneurship can get lonely. And as they say, it’s lonely at the top. You’re crushing it in your business. But you also have a need to vent to someone who is not feeling forced to understand your industry.
The best bookkeeper for your business is not going to treat your relationship as transactional. They would take great pleasure in getting to know you. The person behind each entrepreneurial endeavor. The best bookkeeper for you is someone who you trust with your most precious information. Yo cash! Not to be taken lightly.
Your bookkeeper will also keep you accountable. She can ensure that you’re meeting (and exceeding) your goals. Both financial and any other important goals. Need to make sure that you didn’t exceed your budget on office supplies? You know how you get trying to make your home office cute! I got you!
Your bookkeeper can be both a partner for you in your business as well as a friend.
reason #3 A BOOKKEEPER’S NUMBER ONE PRIORITY IS THE FINANCIAL HEALTH IN YOUR BUSINESS!
Being reactive to the finances to your business is a no-no! Stop reacting to overpaying. Find a bookkeeper who is proactive and has already crafted a budget for you. Your beautiful budget ensures that you are not late for anything and not overpaying. She is also preparing for the unknown.
The proactive advice in your business finance is pivotal in being profitable. Having someone who knows and understands how to categorize every transaction in real-time is a saving grace. Especially during tax time!
Your accountant won’t scold you with their eyes as you sit there guesstimating your expenses for the year. Praying that you don’t have to whip out an arm and a leg in taxes because you forgot to pay quarterly.
When you an excellent bookkeeper, the relationship is long-term. Sort of like a marriage. You are even able to receive increased benefits with added-on services. For example, I offer services such as accounts receivable/payable, 1099, and even personal bookkeeping. (Because I care about your personal finances too!)
READ ALSO: SKYROCKET YOUR BUDGET WITH THE 50/20/30 BUDGETING SYSTEM!
Are you an entrepreneur yearning to gain hours back in your workflow? Why hurt your brain in doing something that you can do, but don’t perform at the highest level? See how I can help by scheduling a free discovery call today!