Ask yourself: Why did you start your own business?
No doubt there were many reasons, but if you’re like most entrepreneurs we work with, the common denominator is passion. You’ve identified an opportunity and you have the skills, drive and tenacity to pursue it with everything you have. And you love doing it.
Which is why so many men and women in business can view the processes of bookkeeping, budgeting, forecasting and accounting as time-consuming and stressful. For many business people, these tasks can feel like the handbrake that’s preventing them from hitting their next milestone at top speed.
And therein lies the dilemma faced by so many entrepreneurs. How to stay nimble and open to opportunity while also remaining on top of their numbers?
The consequence of spending too much time and energy on non-income producing activity can be terminal to any business, but so can the impact of poor payroll management or inadequately understood cash flow projections.
The solution many business people apply is to work more hours. But is it really sustainable to work 15 or more hours per day just to feel in control of the financial aspects of your business? And at what cost to family, friends, physical and mental wellbeing? Hard work is a necessary and admirable trait for anyone in business, but the feeling of stress that can come from trying to “do everything” can have a seriously debilitating impact.
At Propeller Advisory, we deal daily with entrepreneurs who face this challenge. And it just so happens that we’re passionate about what we do too: Helping “release the handbrake” for our clients.
By providing virtual CFO solutions to business, we’re able to work with you on everything from managing your accounts receivable more effectively to mentoring your finance staff. We’re a trusted partner who ensures you have the time and space to follow your passion, with handbrake firmly in the “off” position!
Would you like to know more about the benefits of our virtual CFO service? Contact the friendly team at Propeller Advisory today.