Something many business owners don’t like to share is how difficult it is to own and operate a business. When they worked for someone else, they could focus on just a few basic responsibilities. As owners, they do not have that luxury. All of the responsibilities ultimately come back to them. Being the boss can be stressful, overwhelming, and confusing.
Business owners and managers always have something to do and something new to learn, but never enough time to do it all. Many start off thinking they can just get by looking at their bank balance, but soon learn that it’s not enough. As the business grows, finances become more complex and confusing, taking more and more of the manager’s time and causing other areas to suffer. Brightleaf recognized this early on when we first started providing accounting services. This is why we’ve always partnered with our accounting clients and worked as a member of their team to help them achieve their goals.
Our role is to help business owners understand the story being told by their numbers and to assist them in using that information to guide their business decisions. This is the key to our Accounting Advisory Services.
As advisors, we provide professional knowledge and expertise to assist business owners and managers make better, more informed decisions to adjust and improve the company. Ways that advisors help are:
Help identify what’s going well and what could use improvement
Identify risks to the business before they become problems
Assist with tax planning and strategy
Streamline accounting processes to improve operational efficiency
Identify ways to decrease costs as well as improve cashflow and profitability
Share the big picture and, when needed, focus on the details
Suggest tactics and strategies for your business
Provide reports and details to be shared with employees or investors
Partnering with an advisor means managers don’t need to learn how to do the detailed work and can use that time to refocus their attention where it’s needed. More importantly, they’ll have the insights and expertise of accounting professionals to aid them in making decisions, directing employees, and leading the organization to greater success. Using our Advisory Service may not make your job easy, but they will make it easier to be better at your job.
- John Thrush