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Starting a New Business? Have You Reached Out to an Accountant?

January 18, 2018 by Ed Becker

You have a great idea for a small business and almost everyone you have talked to thinks that your idea is unique and that customers will be lining outside your door.

Well, that’s terrific – congratulations!  Having a good product/service is a great first step.  One person that enthused small business owners may forget to consult is an accountant.   Getting solid advice from an accountant is an important step that you do not want to miss.  Not having the correct financial information right out of the gate could cost you long term financial consequences.  Small Business Profit Explosion shares 5 reasons why you should talk to your accountant before you start a small business:

  1. Understand why not to commingle funds
  2. Discuss business funding options other than personal collateral
  3. Setting up an accounts receivable system
  4. Understanding the financial technology tools to use
  5. Setting up regular meeting to meet with you accountant

Starting off with a solid financial base can only enhance your businesses health and growth.

Read more:  5 Reasons to Talk to an Accountant Before Starting Your Small Business

Image Credit:  Deposit Photos


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