How to KnowWhen It’sTime toHire Financial Help
Speaking to Inc.com, Barker imparted the following insight: “Whatever it is, find a way to outsource it, especially if it’s not a lot of cost. Because time is such a factor, and if it isn’t driving success, it’s not worth your time.” You might ask, “Isn’t hiring someone to help with finances costly?” Short term, hiring a bookkeeper comes with its fair share of costs, whether you hire someone to work in-house or a freelancer. However, when your finances are in control and under the guidance of a financial pro, there is a good chance your hire will end up paying for themselves, and then some — as long as you clearly communicate your business’s financial goals.
owner, are spending toomuch time on the finances, it’s time to call for help.
There’s a reality among small business owners and entrepreneurs. They want to do everything. Whether they are in the process of building a new business or it’s long been established, small- business owners tend to struggle with delegation. This includes the financial side of the business. Another reality: There are times when you need to hand over the financial reins to someone else, someone who is more capable and has the expertise to ensure your business has the financial foundation it needs tomove forward and, hopefully, prosper.
When you want to grow your business, time is one of your most precious resources. You have to manage it wisely. For many businesses, managing finances is a full-time job, but it isn’t always treated as one. If you are starting to wonder if it’s time to delegate this task, that means bringing in help is probably long overdue. The biggest sign you are spending toomuch time looking at your numbers is when you find your company is not reaching growth or production goals. As one small-business owner, Kelly Barker, learned, focusing toomuch time on bookkeeping meant she sacrificed the success of her company, Prep Cosmetics, in key areas.
How do you knowwhen it’s time to call in someone tomanage your books?
The answer won’t surprise you. It comes down to one primary factor: time. When you, as a business
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SAUSAGE AND BARLEY SOUP
It’s a great time of year to warm up with a cup of soup, and this comforting, guilt-free dish comes together in a flash.
1/4 cup uncooked quick- cooking barley 1 cup coarsely chopped fresh baby spinach
2 cups water
1 (14 1/2-ounce) can Italian-style stewed tomatoes, undrained and chopped
6 ounces turkey breakfast sausage 2 1/2 cups frozen bell pepper stir-fry
1. Heat a large saucepan over medium-high heat. Coat pan with cooking spray. Add sausage; cook 3 minutes or until browned. Remove from heat. 2. While sausage cooks, place stir-fry and 2 cups water in a blender; process until smooth. 3. Add stir-fry puree, tomatoes, and barley to sausage in pan. Bring mixture to a boil over high heat; cover, reduce heat to low, and simmer 10 minutes. Stir in spinach; cook 1 minute or until spinach wilts. Recipe courtesy of CookingLight.com.
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