With every piece of content Palm Branch Bookkeeping puts out into the world, we want to provide 3 lenses for you, the reader. After all, if you aren’t gaining value from what you are reading, you are wasting your valuable time. Which perfectly transitions us to these 3 lenses:
- Time & Money
- Financial Clarity
- Peace of Mind
This article gives a top-level overview of each lens and why it should matter to you.
Time & Money
Since you are a business owner, you understand time and money are arguably your two most valuable resources. It is our intent that with every single point found under this section title, you find a way to save either time or money, potentially even both!
That’s why we list it at the top of our content. This way, you quickly find what you are searching for and can go on with your day creating more opportunities for your business. Although we encourage you to continue reading through all three lenses (each one provides valuable perspective), the idea here is to save time.
Financial Clarity
I won’t go into the stat that over 50% of small businesses fail within their fifth year (reported by the Small Business Administration). Okay, I know by saying that, I actually did go into the stat. BUT! The SBA research actually goes deeper and determines main causes of business failure.
Interested in what they are?
In order, as reported by the SBA:
- Insufficient planning or no business plan at all
- Inability to pay bills (ran out of CASH)
- Poor product offering
- Failure to adapt to a changing market
- Insufficient sales to cover costs
The reasons above that are in BOLD are areas where Palm Branch Bookkeeping can help you. Talk about adding business security! We will help you hedge against 80% of the top 5 reasons why small businesses fail. It all starts with gaining financial clarity into your business.
Peace of Mind
I want you to think back to the last time you kicked back, sighed a breath of relief, smiled, and congratulated yourself on a job well done. Think about how relaxed you were on your last family vacation (the one where you turned your phone off and didn’t think about work).
Now I want you to think about paying your taxes. All of them. State taxes. Federal Taxes. Personal taxes. Payroll taxes. I bet that chased your smile away!
These two scenarios exemplify the difference between having peace of mind and having stress. Interesting studies go into detail about the different chemicals released in your brain that puts you at ease (serotonin) and puts you in stress (cortisol). Peace of mind can scientifically be achieved by your thoughts and state of mind!
Let us give you the peace of mind you deserve! We will get your business organized. Kick the anxiety of worrying about banks and the IRS to the curb. Having clean books (which is only the start of our business relationship) satisfies requirements of the law and makes tax time with your accountant nearly stress-free.
Wrap Up
Hopefully by providing these 3 distinct ways of approaching the wide world of business, you are able to take away valuable nuggets of information and directly apply them in your life. After all, every business owner deserves to pursue their dreams without worrying about financial insecurity!
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