If you are like most small business owners, you very likely work more than five days a week and you fulfill more than just one role in your business. If you own a small coffee shop, you probably also service customers, mentor your employees, order supplies and often do your own bookkeeping, and the list goes on and on.
Often, overloading ourselves with so many functions can lead to stress, exhaustion and eventually burnout. If that happens, your business will suffer.
Performing all these different functions may have been a financial necessity when you first started this business, but as time goes on and your revenues improve, we should look at ways to ease this burden and enjoy the fruits of our labour.
We should work smart, not hard. Ask yourself, what am I good at? What tasks can I outsource? Can I afford to work on certain things myself? Or is my time better spent earning revenue?
If right now, you do your own bookkeeping or accounting, taking away from earning revenue or from enjoying your family, it’s time to call a professional, who has the expertise and knowledge to help you with your financial goals. You will be amazed at the difference this will make to you and your business!
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