Many entrepreneurs and small business owners save their receipts in a shoebox all year for their accountant. When tax time comes they, full of dread, hand it over to see what the damages are....
Many entrepreneurs and small business owners save their receipts in a shoebox all year for their accountant. When tax time comes they, full of dread, hand it over to see what the damages are....
Does this story sound familiar?
The financial data in your shoebox may be a goldmine untapped. Let's talk about mining the nuggets of gold in Your Shoebox.
If you're like many entrepreneurs, you think of money in terms of your bank balance and your taxes owed at the end of the year. But whether your financial information is in a shoebox, with a bookkeeper or on your computer there's an extremely high chance there's money to be found in your current system. When you look at the numbers of your business as a source of information about your business instead of as a tax paperwork problem for your accountant, all sorts of new opportunities present themselves. These new opportunities can save you money, and save you time and effort, as well as increase your income.
This may sound like a lot of work that you just don't have time for, as there's so much on your plate already, especially if you're a working for yourself with no help. The truth is you can't afford not to... whether you're launching your business or growing it, it’s the numbers that can bring clarity to the challenges you're having, and make them easier. When you know your numbers you'll know:
The biggest reason to have a strong financial management system is that without knowing the numbers you are essentially flying your business blind. You work too hard and have invested too much in your business to gamble with it. Get the facts about your business and get to manage with ease.
It's time to create the business, and the life, of your dreams.
