Running a business is anything but a piece of cake. It involves taking risks, extensive planning, and careful management of resources, and not many are equipped with the entrepreneurship skills required to handle these tasks.
Preparing for a meeting with a bank manager to put forward your business proposition can be quite unnerving and anxiety-inducing. Rightfully so, too, as banks reject around 80% of funding proposals. But that is not because the bank manager does not want to offer small business owners finance. It is because they found the proposal was lacking, and the meeting did not proceed satisfactorily.
If you’ve recently set up your business or are thinking of starting a new venture, you might be thinking of all the ways you can cut costs to keep expenses to a minimum. Here, you may even be considering taking on multiple roles, including that of an accountant. However, that may prove counterproductive in the short and long run, especially if you do not understand the accounting system and practices.
Wondering whether a digital or cloud-based accountant is as reliable and convenient as your local accountancy firm? Are they as trustworthy and qualified as a traditional accountant? Here’s what you need to know about working with an online accountant!
