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Entrepreneurs need Accountants

July 14, 2021

Entrepreneurs need Accountants

Experiential business owners understand that time is scarce and precious. They realize they can't be good at everything and so they focus all their time on what is most important for their company.


This blog features 'experienced entrepreneurs' because many entrepreneurs have learned productivity lessons the hard way. They have spent years working on urgent tasks, and are now unable to focus on the more important things. They will focus on the tasks that will help improve and grow their business. It is better to learn from the experience of others and get the support that you need right away, rather than waiting until burnout or stagnation.


TIME IS EVERY BUSINESS OWNER'S PRIMARY RESOURCE.

The popular time management analogy that involves rocks, pebbles, or sand goes like this: Imagine you have an empty container, some rocks, some smaller pieces, and some sand. Metaphorically, the stones are the most important items on your business's to-do lists. The pebbles represent your metaphorical mediums, while the sand represents the small tasks that are of lesser importance. Start filling your jar with sand, then the pebbles. This will ensure that there is no room for the rocks.


What's the moral of the story? If you don’t put the rocks in your container first, you won’t be able later to add them. By focusing on the smallest tasks, you are wasting your time and preventing growth.


If you're trying to figure out how to best use your time, consider these questions:

How can I grow my business to be more profitable?


There are many areas where you could spend your time in pursuit of growth or improvement.

  • Hiring people
  • Marketing campaigns
  • Improve your sales process
  • Delivery of products and/or services


There is a constant battle between the tasks that are merely necessary and the planning and strategic thinking. If you are more strategic, you might be able find a way to make sure that those tasks that are 'just-get it done' can be completed repeatedly and consistently either by another person or via automation.

You can save yourself a lot of time if you have a one-time solution. I believe that coming up with a systemized solution is far more important than getting the job done. Aren't they?


SETTING UP A SYSTEM

We use David Allen's Getting Things Done methodology. This is the system that's built into many task management apps today. It basically means that you will find ways to capture all the tasks you need, and then you'll be able to complete them.

  • Clarify the tasks by adding all the details that you will need to complete them.
  • You can organize them in your top-priority to-do list.
  • To ensure you know what your next steps will be, review them.
  • Execute them one-by-one during executions


Any system that you select should allow you:

  • With just one click, you can create tasks from any location.
  • To increase clarity and detail, you can add additional details to your tasks
  • Drag and Drop these tasks into order of priority.
  • You can create sections for tasks that hide what you are not working on.
  • For reflection purposes, you can use this tool to verify that your task has been completed without having it deleted.


CHILLIWACK ACCOUNTANT

We'll handle all your tax and accounting needs, so you can focus on your business.

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