Welcome to the Freedom Business Management blog! Here, you will discover valuable tips and practical advice to guide you through your small business journey.

Consider a scenario where your new business startup is on its way from idea to formal business. There are many, many things to think about and consider. Here, you will find 10 comprehensive pieces of new business startup advice!

And one of them may just include that all-important decision of when to bring in outside experts to assist you with some of the operational functions that go into running a business.

Those functions almost certainly include the financial aspect of your business. While you may not need — or want — an accountant, you could at least consider a bookkeeper to help with the various financial aspects. Your only other alternative is to become a bookkeeper yourself so that you understand every aspect of your business! And that’s just not realistic.

Here are 10 reasons pieces of new business startup advice and why you should definitely consider hiring a bookkeeper:

There are several reasons business owners should consider hiring a business consultant. Business Consultants bring their experience and expertise to helping businesses maximize their potential and avoid pitfalls. Some business consulting services include:

• Providing expertise in a specific market
• Identifying problems
• Supplementing existing staff
• Initiating change
• Providing objectivity
• Teaching and training employees
• Doing the “dirty work,” like eliminating staff
• Reviving an organization
• Creating a new business

Whether you are an entrepreneur who is just starting up or a small business owner who has been chugging along for a while, nothing is more important than separating your business and personal finances.

Why should business owners be concerned about keeping these finances separate? Legal liability, ease of bookkeeping, and personal asset protection are just a few reasons to separate your personal cash from your business dealings.

The Serious Consequences of Bad Bookkeeping on Your Small Business

There are many things that you need to worry about as a small business owner. Not only are you evaluating cash flow to make sure that you have enough money for payroll, but you are also carrying the burden of overseeing employee management, budgeting, business development, customer service, marketing, and more. These responsibilities can add up, making it easy for important tasks to slip through the cracks.

Certain tasks can be handed in the future, but don’t procrastinate financial matters resulting in a situation where you are facing bad bookkeeping practices.