Many small business owners tend to devote much time to the bookkeeping aspect of their business, thereby taking away from building their business. Think of how many extra hours you would be able to allocate to important business at hand if you had someone else to do your bookkeeping.
Organizing and paying bills, responding to business correspondence, filing forms, posting transactions are all aspects of running a business that someone else can do for you.
You might pay for a bookkeeper to come in and help you get organized and continually maintain your books, but think of the value of your own time. The value of lost time on significant business matters outweighs the cost of hiring a bookkeeper. It is you as the business owner that generates the return on the investment you made in your business. Every hour of time spent on something else reduces the efforts put forth of creating new business. You could spend time on advertising, selling strategies, target your markets, search for new inventory, or come up with an optimal marketing plan to reach your target market.
Your contribution is invaluable. Let someone else measure how much.
Time and space are two significant factors of a successful business. Space has to be utilized efficiently to maximize production and earning potential. Every square foot of space has a return attached to it. Making the most of space will will contribute to the bottom line just as every unit of your time if optimally allocated, can have the same effect.
Howard Edelstein, MBA – Owner of Equitable Paperwork Support LLC