Don’t ape TV business pitches where the entrepreneurs fail on their finances. Hire a superb accountant and set high expectations
I’m tearing my hair out,and going pencil-snapping crazy. Another entrepreneur is on my TV pitching their business without basic financial information to hand. I see this mistake time-and-time again – old-school accounting services are failing small businesses.
The thing is, accounting services just haven’t moved with the times. Small businesses enjoy been provided with nothing more than close of year figures for far too long. It’s a service that says: “Whoops, or seems like your profit margin reduced last year,or you shouldn’t enjoy spent fairly so much on stock, but it’s too late to finish anything approximately that now”. Continue reading...
Source: theguardian.com