On the Friday before Christmas, I got a wild hair and decided to replace the flooring in my bathroom. Since I have never done any type of flooring in the past and have no idea how to do it, I figured I would just do it myself. So armed with both inexperience and a scary lack of knowledge, I dove right in! The project had many bumps along the way including starting completely over at one point. I made mistakes along the way and so some spots don't look quite as good as I would have liked. After putting in 21 hours over my Christmas break, I finally finished the project. Overall it looks good, and I am happy with it and oh so glad to be done! .
There is a point to this story. I was telling my brother in law about the project, and he said, well at least now you know how to do it. I told him that he was right, now I know exactly how to do it, hire a professional! A professional could have done the job in a couple hours and made it look much better. Instead of me spending 21 hours on this project, I could have spent a couple of hours at the office working and earned enough to pay for the project and had more time to spend with my family over the holiday weekend, not to mention save my fingers from all those hammer-shots they took!
Many small businesses and independent professionals view their tax and accounting the same way I looked at my floors, They think that it is just such a small job, it is not worth hiring someone to do it. Or they are unwilling to pay for expertise. What ends up happening is people spend way too long on their accounting and taxes and don't get the perfect result they had hoped for. When, if they had just been doing what they are good at and paid someone to handle the accounting, they would have been much better off!
So here is a quick exercise for you: How much time do you spend in a month on projects that you could outsource? How much could you earn if you spent that time working instead? Now go hire someone to get those tasks done for you!
One of my passions is helping entrepreneurs get back to doing what they do best. Let us take over the tax and accounting work so you can focus your time into things that make you money!
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