A lot of small business owners have similar origin stories; they had a job once, they hated it so they quit and pursued their own ideas. Some people do well with jobs while others just don’t want to be working that hard for somebody else, no matter what they pay out might be like. If you’re one of those people who have their own ideas that they want to bring to the world, then this page is for you.
While it’s admirable that you’re so determined to be your own boss, you have to realise that since you are the boss, it’s up to you to decide who to hire. You might not like the idea of profit sharing much but mind you, no entrepreneur has got anywhere simply by being greedy. You need to focus on increasing your business’s profit and aiming for growth. In the beginning, it’s perfectly normal to not hire anyone and take care of everything by yourself but as time goes by, you’ll need to start building up your own workforce.
Even if you aren’t ready to have too many employees yet, you should at least hire an accountant from www.b-able.co.uk. You might know enough accounting to keep tabs on who owes you money and who you need to be paying but that’s not enough for a growing business. You need to be able to forecast what your finances will be like so that you can plan in advance. This is how you can make sure that your business’s cash flows are as fluid as they ought to be.
Only a qualified accountant can offer you sound accounting advice that will help you grow and improve your business. Otherwise you might end up working even more than you would have at a 9-5 job.