Did you know that bookkeeping is an important and absolute necessity for your business? Yeah, you probably already knew that. Most business owners know that bookkeeping is essential and believe its need is mostly is due to taxes. Taxes is a big part of why your finances need to be maintained on a regular bases but it’s not the whole picture.
As a freelancer, it is easy to loose sight of the big picture when you are working with multiple clients. Remember, bookkeeping is a vital part to your business. It helps you plan, track, and manage all things financial, which is the very foundation to every business. With good bookkeeping you will have a clear idea of your cash flow, income, expenses, and business growth.
Every year you hear business gurus shout from the rooftops “create goals for your business!” They recommend creating clear 5-year goals working backwards all the way down to even weekly goals. This is invaluable advice for business growth (and even personal), but sometimes it can be hard to put this into practice. Strategic and specific goal setting can seem daunting, scary, or unachievable. Here are some ways to help get you through these struggles.
It’s that time of year again when the lights come down, your current holiday inventory is put on clearance shelves, and overstocked products are on sale to make room for the new. Business goals are considered, but soon set aside as you try to keep up with everyday demands. The stress of the holiday season subsides, but new pressures appear along with that well-known anticipation of how you’re to handle the next year. Here are some things you can do to help get a jump-start on the new-year.