Why Outsource Your Accounts?
Financial reports are a core business function. Without a good system of management reporting and review, a business is sure to fail. With good record keeping, a business might survive. With accounts managed by a Profit & Growth Expert, a business is certain to succeed.
Poor financial management is often cited as the reason for most small business failures. Often the business owner or a member of the business team manages this crucial function because they want to maintain complete control of their business or because they’re afraid that outsourcing their accounts would be too expensive, or a combination of the two. What isn’t realized is that outsourcing is a useful management tool that can save a business both time and money while preventing potential failure. When you outsource to the right firm, it can be the difference between base survival and profitable success.
Would you ever drive your car blindfolded? Obviously not! Nonetheless, every day millions of business owners drive their businesses without knowing their financial locations: where they have been, where they are, and where they are going. That sure sounds blindfolded to us.
As your Profit & Growth Experts, our primary role is to ensure that you have the historical data that will tell you where you have been and where you currently are. With that critical information, we can provide a professional consultation that will help you determine where you want to go while creating an action plan that will help you get there. This process is called engineering profit.
With this 360 degree view of your business, you can plan effectively and then track your progress against your goals. Accurate and timely accounts will help you anticipate obstacles so that, when encountered, you can easily maneuver around them rather than allowing them to slow you down.