I’m not the world’s best at bookkeeping. I can balance a checkbook, track ticket sales and sponsorships and write things down. But I don’t have any desire to learn Quickbooks, or to slave over a calculator and excel spreadsheet to balance someone’s business income/expense reports. Even my own. Payroll? Not even a little interested in tracking taxes and cutting checks.
Yet it has to be done by someone. Jim Rohn once said (and I paraphrase) “Make enough money so you can hire someone to do the jobs you don’t like.” I propose you look at that statement even closer. How much money do you lose by trying to do the work yourself? Figure out how long it takes you to do the payroll, to correct your mistakes, to issue the checks. Then find out what someone charges you to do it. You might be surprised how much money you’ll save by hiring a professional.
It also frees you up to be doing what you’re good at!
I like talking to people, telling the stories (in writing and in person), marketing. By having the right people do the right jobs, so much more gets done!
Just a reminder to my readers: please join us at State of Now: AgIowa tomorrow at 2 pm in Ames. It’s not just for farmers.