Making Hiring Mistakes

Looking for help managing the financial aspects of your company?

 

Your first thought might be, "I need to hire someone."

 

Followed quickly by, "I can't afford it."

 

So you will decide to find someone to work for you part-time, for not very much money.

Maintaining the health and organization of your company's daily financial transactions isn't a responsibility to take lightly. After all, you recognize the need for it, but you don't have the time in your hectic schedule to do it. You know from experience already that little things can fall through the cracks, which can lead to missed deadlines, late payments, late-paying customers, bank fees, and sales challenges, not to mention you can't really make effective decisions in your business, because you don't have a true financial picture of what you're doing, where you've been, or where you are going.

So what happens when you hire someone to work for a low hourly wage? You will encourage slow work and discourage efficiency. (Why work smarter and faster if you're only getting paid by the hour?) You will have to do due diligence before they are hired: check their references, test their knowledge and skill-set. You will have the responsibility of managing an employee and all that goes along with that. And lastly, you will be paying an additional 10 - 20% in overhead in the form of payroll taxes and insurances!

Why not take a positive step forward and invest in a professional accounting consultant instead? Someone who is a passionate about helping small businesses. Someone who is an expert in your software, and knowledgeable about third party apps and technology that when propely used can improve internal efficiencies. My fees are often the same amount or less than you would pay an employee per month. A tailored package can be developed to your needs for a fixed monthly fee, so you know you are getting exactly what you need, when you need it. And your customized package includes working with someone who sees the big picture. Cashflow analysis, budgeting and tax planning can be included in your monthly fee!

Contact me for a customized package today - it's the better decision for your business.

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