Dave Ramsey posted a great article recently that every entrepreneur and manager can benefit from.
He says "there are some goof-ups that do more than teach a lesson… they can kill a business".
Here is one of the four areas he wrote about.
"1. Do the Accounting.
At heart, we're all brave warriors who work long hours, fight the competition, and make any sacrifice to succeed. That is ... until it comes to accounting. Then, most of us would rather have a tooth drilled without Novocain.
Unfortunately, it's about the biggest business mistake you can make. As the Bible says, "Be diligent to know the state of your flocks and attend to your herds." (Proverbs 27:23 NKJV)
Dave, too, dislikes accounting. But he loves the control and awareness it gives him. "I don't care how much you hate diving into the numbers, business owners who don't stay on top of their accounting fail and close up shop."
It's a great article that will help you create a stronger business.
Check out Dave's article real quick. It's short and to the point.