Starting a Business From An Accountant's Perspective: The Conclusion
Over the last several weeks we have discussed what I think as an Accountant & CPA are some of the most important steps you need to take when starting a business. These steps are in addition to the more traditional steps like
This series has focused on the financial aspect of a business and what is important to get right to make sure your business is ready to grow. In this series we covered.
Of course, this isn't an exhaustive list of what a business should or shouldn't do, but it is a start. The two most important things any business needs to understand to move from a mom and pop shop to a successful startup are to make sure to keep your financial house in order and use your financial information for decision making. If you can't use your financial information to inform your decisions then why do you have it?
I will leave you with this. Your business's financial information tells a story. It is a record of your successes and failures. It tells you where you are headed. If you neglect to use it to help direct your business, you will be led by your emotions and will never obtain the goal for which you started the business.