| Due to the growing number of financially strapped | | | | this same task in about 1 hour a week. Even if |
| small to medium sized businesses, the topic of | | | | you pay this 'outsourced employee' $50 per hour, |
| cash flow has been a hot one in recent years | | | | the chances are good that your cash flow will still |
| (and rightfully so). If cash isn't available in a | | | | increase. Why? Remember, by outsourcing your |
| business, the business plateaus, and that means | | | | bookkeeping you are freeing up about 5 hours a |
| jobs get cut, disloyal employees cause problems, | | | | week, which could mean an additional 2-3 new |
| and most importantly: customers look elsewhere | | | | clients. In the long run, those clients, with referrals, |
| for products and services. THE BOTTOM LINE: | | | | can amount to an increase in paying customers - |
| Cash flow is a NECESSITY in business. | | | | all because you decided to focus on what only |
| Outsourcing is one of the many ways we have | | | | you can do (get customers) and let someone else |
| found to be a relatively quick fix to some cash | | | | do the busy stuff. |
| flow issues. | | | | Outsourcing is one of the greatest resources for |
| In order to increase cash flow, opportunity costs | | | | small to medium sized businesses, because it |
| need to be managed. For instance, if you own and | | | | offers a cost-effective solution to taking a |
| operate a small lawn care service, you most likely | | | | business to the next level. The advantages to |
| don't have the volume for a full time accountant | | | | outsourcing are that it allows a business owner to |
| (yet!). Many small businesses can keep records | | | | focus on core activities and gives him/her access |
| and make the necessary entries in their | | | | to professionals for everything else. As mentioned |
| accounting software in about 5 hours a week. | | | | above, it also increases cash flow and in business, |
| Unless you are running a bookkeeping firm, | | | | CASH IS KING. |
| accounting probably isn't your core competency. If | | | | In summary, outsourcing allows small and medium |
| you were to outsource this task to a professional | | | | sized businesses access to large business |
| bookkeeper, he/she would be able to complete | | | | resources at a small business budget. |