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Balancing the Books

by on September 13th, 2011

In no way would I be confused for a financial guy.  Truth be told, working with company money is not something I enjoy doing.  Every so often I will run in to someone who provides me with a great piece of wisdom and I will remember that advise for as long as I am in business.  One day while talking to a guy who has been though it all from the very hight of success to the very depths of business collaps, he told me that no matter what you do or how successful you get, always sign the checks.

What he meant by that was you can never leave something like the financial stake of your organization up to someone who does not have as much invested as you do.  Those were great words and even though it takes me a long time to sign the checks, so-to-speak, there is nothing better than coming out with a balanced budget and being able to forecast for the months and years to come.

Take the time to do things correctly, you will be better for it in the long run.

  • Megan Clark

    My piece of advice would be GET A BOOKKEEPER! I still sign all the checks and authorize all the invoicing and billing activities, but not having to balance a checkbook or figure out my own P&L statement each month has made a huge difference in the amount of weight I feel like is on my shoulders as a business owner. If you need a reference, I have the perfect one for you…..

  • http://www.marahcreative.com/cadre_adam.html Adam Koller

    Thanks Megan, I might take you up on the reference sometime soon. To be perfectly honest at this time because I have a few people working with me at this point managing the finances has become less of a chore and more of a joy because everyone else has taken on a lot of responsibility. With that said, having a bookkeeper sometime soon would be nice. I will probably be asking for that reference at the start of 2012.