Meet the Member M
company by offering bookkeeping and controller-level services to the business community in the S.E. Minnesota region. Q: Supporting Strategies has been a member of the Rochester Area Chamber of Commerce since May of this year. What do you find valuable in your membership to the organization? A: The Rochester Area Chamber of Commerce has been extremely supportive with a slew of resources that makes establishing a business in the area extremely convenient. The number of networking opportunities including the Business After Hours, AM Espresso and other events allows fledgling businesses such as Supporting Strategies the opportunity to meet and interact with other business owners and be a part of a vibrant business community. Q: What is the outlook for your business and industry? A: According to IBIS World – the outsourced
bookkeeping and payroll services market in the United States is $55.1B. In 2021 alone this segment saw a 6.1% growth. Small and medium business owners find acting as their own Controller and handling bookkeeping and critical back-office functions a major distraction from their core competencies. Over 70% of small businesses therefore choose to outsource at least one back-office function, such as bookkeeping services. (Source: Wasp Barcode Technologies, “Small Business Report – Accounting”, 2015. The above gives an idea of the tremendous scope of the industry and the growing needs of small/medium businesses to have quality bookkeeping support that is scalable with the growth in their business.
To learn more about Supporting Strategies, visit them online at www.supportingstrategies.com/rochester-mn.
Managing Director, Rajeeb Rath (left) and Financial Operations Manager, Jodi Babcock (right) extend their services to both small and large businesses.
Advantage Magazine | 9
October 2021
Made with FlippingBook Annual report maker