Feras Alhlou watched a business owner panic over a last-minute tax return and warns against handling your own accounting. Spend your time pitching, marketing, and selling instead. Outsource the back-office work to someone who knows receipts and assets.
I just left the post office, dropping off a package for a friend. I saw a business owner rushing last minute to mail their tax return. My friend, you're doing it wrong. Don't do your own accounting. I spoke with so many business owners this week and they haven't done their filing and they're rushing last minute to find the receipts and the spreadsheets and what is revenue and what's an expense and what is an asset. You should be spending your time pitching. You should be spending your time marketing. You should be spending your time selling and then delivering what you sold and growing your business. Outsource all the back office to a trusted contractor, a trusted advisor, and focus on growing your business.
