"One is the Loneliest Number" Solo Owners & Bookkeeping
If you're a solo business owner, being responsible for every aspect of your company can be overwhelming. You have to juggle everything and not just the parts you like best. Keeping tidy financial records can fall behind and become a non-priority behind client phone calls or attending meetings or finally getting to a networking event you promised to attend.
Even if you’re a DIY kind of person and like to learn things on your own, it feels good to get confirmation from a professional bookkeeper about what you’re doing right and how to improve if needed.
Finding a bookkeeper, accountant, or CFO you trust gives you more time to focus on your strengths for your company.
What to ask when you're looking for a bookkeeper:
How experienced are you with the platform I use? (Wave, FreshBooks, Xero, QuickBooks, etc.)
Do you offer any training or classes I can take?
How do you stay up-to-date on your training?
Can you give me an overview of your services?
Does your company have a code of ethics policy?
Are you already financially savvy? Would you like to expand your support system in other ways?
1. Develop a network of peers and mentors who can be sounding boards in areas where you're less competent. Check out our blog "Your Partnership Peeps" for ideas.
2. Learn about your local TAB - The Advisory Board. This organization brings together peers from non-competing industries for monthly meetings, business coaching, and more.
3. Contact the TSBDC about their training classes or for referrals to companies who can help you gain skills or knowledge in a particular area.
Lynn Talbott, MBA, PHR, received the TSBDC’s 2015 Small Business Person of the Year Award for Chattanooga and was recognized as a 2015 Rising Star. She is the Founder and President of HR Business Solutions, LLC. Lynn was previously a Corporate Trainer and HR Manager for a Fortune 500 company in Seattle, WA. She has 20+ years’ experience advising entrepreneurs of small- to mid-sized businesses in HR and Office Management. She is a Certified QuickBooks ProAdvisor and teaches classes at Chattanooga’s TSBDC.