Small Business Survival

Being an entrepreneur has been a serious test of myself as an individual and as a business person. Not only do I have to juggle too many hats in a given day, but I also have to make sure that everything is running smoothly.

…and if it’s not, guess whose fault is it?

small business survival

My Own Fault

The first two years, I had the awful idea that most entrepreneurs do: managing their own accounting. Whoa. I got so many things wrong that I got in trouble, two years in a row, when it came to doing taxes. Furthermore, when I hired an accounting firm to help me sort out the mess, they abandoned me halfway through the process and wouldn’t refund my money I had paid them for a full job.

In the last two months, I’ve kept in touch with the bookkeeper goldcoast. Of course, they came with a personal recommendation and I also found a couple of reviews online, really good ones, so I decided to email them.

Within a few hours, I received the nicest, in-depth answers I’ve ever received from any company. Not only that, but the tone was casual enough where I felt comfortable enough to set up an appointment and go in the next day.

You see, the thing is… most people may even look down on you because you don’t know how to handle accounting yourself. What they don’t realize is there are only so many hours in a day and when you dream of opening your own business, you don’t realize that you also need to develop the skills to become a businessperson… and that, people, in itself is a full-time job.

Believe you me!

If I were you, the first thing I would do is open up your own business account. Keep all business transactions in that account so you can always print out a summary from your bank or if you have an online account setup, this should be easy enough.

It’ll be extremely easy to track your business needs and expenses.