Trust is a key element to a successful working relationship with your financial professional. Real estate investors need to focus on knowing the market and their business model rather than tax depreciation. Restaurant owners should reserve their efforts for food quality and service as opposed to mileage deductions. Trust allows you to feel confident your accountant is managing those details and looking out for you. Ideally, the small business owner is focused on their strengths and the accounting/tax side of things is automated. What better way to build trust then to get to know the personal side of your business team? Here is a link to a Sioux Falls Argus Leader piece written a while back about Nate Hall, CPA and a brief war story.
It may be time to rethink your commute? Using a bicycle is a great way to save money, get a light workout, and avoid the frustration of traffic. Another surprising effect may be that you start to enjoy the ride. However, an old school pedal bike is not always practical for those living long distances from their business or for those who can’t show up a little sweaty. For the latter camp, consider an electric scooter. They are portable and fun. Check out these electric scooter options. Small business owners trying to keep costs down should crunch some numbers is decide whether an alternate mode of transportation is a win in multiple categories.
The day-to-day of being a small business operator (accounting and marketing, for example) are just tasks on the road to a goal. We humbly submit that every one of us should strongly consider making financial freedom a key life goal. A wise gentleman at Raymond James Wealth Management put together a list of principles to get you there. We see the first nine as the way to achieve number ten.
When choosing accounting software for your small business, the right answer is almost always Quickbooks online. Ask us about discounted subscriptions.
The folks at The Balance Small Business agree. Sidebar: this is one of the best websites around for overall advice & tips.