Small and medium sized businesses often rely on a very small number of people in their day-to-day operations – and sometimes just one key person.
Little wonder, then, that the accounting and administrative burden of running a thriving business can prove too much for many business owners, who struggle to complete the ever-increasing list of tasks needed to keep a business operating successfully.
Too much time spent on general administration and financial management can quickly lead to burn-out and disillusionment, which is bad for businesses and bad for their owners.
So what’s the solution?
One of the biggest mistakes that small and medium business owners make is thinking they have to do it all. Often, this misconception is driven by a desire to save money – often, however, it can lead to business owners putting in long, unpaid hours and making costly mistakes.
Hiring an accountant or part-time finance director (FD) can free up your time, enabling you to concentrate on developing and maximising your business’s potential, safe in the knowledge that your budget and finances are being managed by an expert.
There are two key ways in which Your Finance Director can help transform your business from a burden into a thriving and streamlined enterprise: