Being a small business owner is hard, and knowing when it’s time to hire someone to step in and help with your books and accounting can be tricky. This week, I received a question from a small business owner who is experiencing this issue right now. Here’s his question:
“My name is Rhett and I run a small laundromat in Ohio. I have started to get behind with my paperwork and books, but I don’t have a huge budget to hire a new employee to take that over and help me out. Is this something that is necessary for my business, or should is there some way for me to store and organize my books without hiring?”
That’s a good question, Rhett, and one that many business owners struggle with. It can be hard to hire when you’re on a tight budget, but sometimes it’s really beneficial or even necessary. When it comes to bookkeeping, it’s really important to keep things organized and under control. You need to make sure you don’t lose any paperwork that could be potentially bad for your business come tax season. However, you don’t necessarily need to hire a certified accountant to take care of your bookkeeping when it’s not in your budget. Instead, you can try online platforms, such as FreshLime! That way, you can keep everything safe and organized online, without having to pay the extra expenses that come with having an accountant on board. Of course, having someone to help out with your books is never a bad idea if you have the workload and means for that.
There are ways around hiring an accountant if it’s not in your budget, specifically online platforms, like I mentioned above. However, it’s important to make sure that whatever you do, you keep your paperwork organized, safe and secure!
For more insights on marketing strategy that actually works for small business, subscribe to the FreshLime Newsletter here. Connect with Jay Bean, Founder of FreshLime and Small Business Marketing Expert on LinkedIn and Twitter. And last of all, if any of these tips have helped you or if you have anything to add please comment below. We’d love to hear from you!