There comes a time in all successful small business operations when the business owner will find themselves wearing all of the hats: salesperson, stocking clerk, customer service rep, accountant, bookkeeper, payroll, manager... janitor. Each of these jobs are important, but at some point, owners will be spread too thin and need to make the call to bring in help. So, how do you know when the time is right for you?
While there are some functions that are easy to staff, like sales, their are more technical ones, like marketing and accounting, that can require constantly updated skill sets to be done effectively. For these roles, hiring an outside provider that specializes in that service may be the right call. Bookkeeping is definitely one of these.
One of the most crucial times to hire a bookkeeper is when a startup business is growing. Startups that are successful develop at a rapid pace. A bookkeeper can organize the finances of a business’s new clients correctly, leaving the owner a great deal more free time.
As a small business begins to grow, the owner will want to spend a majority of their time running the operations, not organizing their finances. When they start to feel they can't do it all, the answer to when they should outsource is likely immediately.
Bookkeepers can add much more value than just number crunching. A bookkeeper provides a professional service, so there are less mistakes when organizing finances. Bookkeepers, like the professionals at BudgetEase, might also be QuickBooks Certified Advisors. These professionals keep up-to-date on the software to ensure they can use it the best way possible and can spot mistakes that a business owner, especially a busy one, might miss.
Most businesses eventually start by hiring a part-time bookkeeper to organize their finances. As an owner, you will usually meet with a bookkeeper for a few hours every month. The savings in your time can be invaluable, and the cost for a mistake-free look at your finances is worth every penny.
Kathy has over 30 years experience helping small businesses succeed. As a commercial lender, commercialization expert and now as a QuickBooks diamond level advisor, Kathy understands the challenges small business owners face. Her experience helps business owners quickly accomplish their financial goals.
As the owner of BudgetEase, Kathy works with clients to develop a plan to efficiently process 1,000s of small transactions so owners can make informed decisions. She lives in Shaker Heights, OH with her husband Ralph and enjoys golf, curling and walking in Cleveland’s fabulous Metro Parks.