Eventually you will need to design a team to make your life easier.
You need to buy back your time so you can focus on what you’re good at.
The most important place to start is with a bookkeeper. Have them consolidate all your expenses and income into a spreadsheet and report the numbers to you every single month.
Even if you’re just getting started and not making much money yet, this will help you understand what’s happening in your business. It’s the same process whether you make $5,000 a month or $500,000 so start getting into this habit straight away.
If you’re not doing this in business then you only have a hobby. And if you think you can’t afford it, the cost is only around $100-200 per month.
Many people use Zero which is a simple and popular accounting package, but it’s not laid out in a way the brain likes to see it. It shows your income, then your expenses with net shown beneath this.
When I hired someone they actually put in another column with the net figure appearing at the top underneath the income, as well as at the end. This made it very clear to me where I was at, because my brain likes to focus at the top. So then I paid more attention to the net figure rather than just the income.
If you don’t do this, and focus mainly on the income, you could ultimately find yourself just one month away from a problem.
So your first hire for a team is a bookkeeper – no matter where you’re at.
Take care,
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