“Businesses need proper information to make informed business decisions. And key to that is the accounting information that the accounting professional should be offering to their clients.”
In the ever-evolving business world, we are met with strict competition, different challenges and obstacles, and exciting opportunities to help us maximize our profits and scale our businesses. However, there’s no one-size-fits-all solution. It requires different approaches as what worked for you yesterday may not work for you today and in the future.
It can be difficult to survive in business without professional help - and this is especially crucial for your finances. You need someone who is multi-skilled and has vast knowledge about the industry. That’s where an accounting professional comes in.
With the guidance of a skilled accounting professional, your business can smoothly sail the storm and rough sea of finance and maximize your profits to ensure your business is sustainable in the long run. By having an accountant, you can set up your business for success and concentrate on what you do best: creating and providing high-value products and quality service to your customer.
Listen to this episode to learn:
Guest Bio: For more than 20 years Roger has personally helped thousands of accounting professionals start & build their businesses. In that time they've created programs to address each aspect of running an accounting business & he has helped author "Red to BLACK", the how-to-guide for accountants to help clients with the most common challenges faced in business - cash flow, AND "in the BLACK - 9 principles to make your business profitable".
02:45 Appreciate the numbers
03:57 Why most businesses fail in the first to fifth year
04:18 What can be done to address the cash flow situation to help you stay in business
05:20 How accountants can help business owners
08:31 Tax Preparation
15:38 Importance to have a good working relationship with your finance professional
21:25 Color Accounting