Trying to run your own business is fraught with danger and you have taken on a lot of responsibility in your role as the owner and manager. Gone are the days when you get to start work at 9 and finish at five because you’re going to have to put in a lot more hours to make a success of your new enterprise.
You are going to be trying to take on so many roles in an attempt to save yourself money, but there is one role that you shouldn’t take on no matter what. You should not be trying to handle your finances because you will not be objective and you should be relying on your local accountants in Ilford. The following are some of the services that they can provide.
- Business advice – Your accountant is there to do your books but many people seem to forget that accountants have many years of experience dealing with businesses similar to yours and so they know what pitfalls to look out for and where you should and should not be investing your money.
- Neutral advice – It is fair to say that you as the owner will be too close to the project and so you will make decisions based on your heart rather than your head. It is your accountant’s job to remain a neutral party and to give you the best financial advice possible.
You have enough to do without adding the accounts as one of the other jobs that you need to do. This is a job best left to the professionals and it gives you more time to concentrate on the core of your business.