Have you met Caroline?
Caroline is just like many other small business owners, she has a vision, a mission, and a 30 page business plan covering everything from seed funding to exit strategy, but what she doesn’t have is a bookkeeper. Why would she need a bookkeeper? She hasn’t made enough money yet. Surely she can manage the books herself in the early days, at least until BRW starts calling.
But, just to be sure she’s managing her books the most effective way possible, she takes a trip to her local hangout, Office works. The place where all small businesses go to grow. There’s something about stationery and office equipment that makes you feel so productive and soon to be very successful.
BRW here we come!!!
After spending some time finding the perfect storage box for all her receipts, she heads over to the software section. Who knew there were so many bookkeeping software products to choose from? How do you decide which is the best? Based on some deductive reasoning and random advice from the staff she decides on the red box. It’s the most expensive, so it must be the best and when it comes to managing her hard earned money, nothing but the best will do.
Now comes the fun part. There’s something quite rewarding about being organised. As they say, victory rewards the prepared. Determined to stay on top of her books, Caroline was feeling quite pleased with her forward planning. Despite the fact that accounting was never her strong subject, she was confident that the fancy software she just invested in would surely set her up for success and almost manage itself…
The road to success is often a lumpy one…
What Caroline didn’t realise was that she practically needed a degree to use it!! After fumbling around with the system, she discovered that designing an aircraft might be easier than entering the pile of expenses she had. Frustrated and exhausted from hours upon hours of trial and error, wasted time and far too many “how to” YouTube videos to count, she decided to give up for the day and maybe the week.
Thankfully she purchased that storage box for her receipts, because until she gets her bookkeeping software degree, that’s where they’re going to live…
If you know Caroline all too well, why not give the software degree a miss and focus your time and energy on your business, what you know and love. At Small b Accounts our business is bookkeeping! It’s what we know and love!
Give us a call today. We’ll free your mind and your time.