Join us August 27th for an AIA-accredited live virtual meetup on the 179D and 45L tax incentives.
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CFOShare provides professional financial strategy and accounting to small businesses. Our clients are passionate entrepreneurs who are keen to analyze their financial strengths and weaknesses. They are team-oriented leaders and view us as a member of their team.
I began my career in small business right out of college. I worked as an accountant for a startup in the RFID space. It was a company of less than 30 full-time employees. From there, I moved more corporate but worked in agriculture helping farmers and ranchers manage their cash flow. Each family or co-op is its own small business run like a small business.
Entrepreneurs are used to rolling up their sleeves and doing the work themselves, accounting included. It can be challenging to explain how reliable, accurate accounting can create clarity and transform into a financial strategy that drives business decisions. I am essentially asking someone to trust our team and hand over the reins. For me, the most significant accomplishment is each time we clean up a client’s books, and that helps them make a major decision, even if it is a difficult one.
I've read before that entrepreneurship is the engine of economic development. Those small businesses hire people, teach them new skills, and take chances on a new idea. That one business then touches dozens of others. I love being a part of the economic web of small businesses and innovation.
1. You don't know what you don't know. Trust the experts.
2. Delegate. You'll save yourself from burnout, and your team will benefit.
3. Celebrate. Company milestones, individuals and their milestones—celebrate.
My first piece of advice was, "You don't know what you don't know; trust the experts." That's exactly why I lead clients to TaxTaker.
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