Well people, the moment we have been all waiting for is fast approaching. Summer is at our door step. For many, summer means long days spent with the children, on a patio sipping on a cold beverage, attending concerts (hopefully this will be a reality soon) or just dialing it down for a few months while the sun is shinning. But for some of us, it means that this is the season of opportunity. Summer gives rise to so many great seasonal business ideas from landscaping to wedding planning.
You are a great plumber…maybe a great electrician or a great hairdresser…but maybe keeping your books in order makes you run for the hills. You forgot your receipt in your car…maybe you forgot them in your wallet or even your toolbox…The BIGGEST favour you can do to save you countless hours (or money if you are paying a third party) is to keep a separate bank and credit card account for all things relating to your business.
If you have ever read Stretch: Unlock the Power of Less – and Achieve More Than You Ever Imagined by Scott Sonenshein, you know that buying all the best gadgets does not necessarily lead to more profits. Knowing where to invest your money is synonymous with being a good business person. We would caution, however, that trying to cut costs on bookkeeping may in fact hurt your business in the long run and here is why.