When people see a nice house they’re going to say, “Wow, that’s a really nice house.” You never hear “Wow, that’s a really nice foundation” because the foundation is unseen by outside viewers. However, a house’s foundation is crucial to the stability of the house. Similarly, there is a foundation that is crucial to having a successful business. That foundation is formed by a good accounting process.
You probably started your business because you’re passionate about a product or service, and wanted to share it. When things like invoicing, payroll, and numbers start encroaching, the passion part often ends up in the back seat and your time is consumed by making sure everything adds up. Knowing the answers to four key questions will give business owners back the time for the passion.