“So after x (days/weeks/months/years) we found ourselves back in the same place.”
I've heard myself and others say it many times in the past. "We were moving along and growing quickly, and then XYZ happened. Now, we're back in the same place."
Working with Kahuna Accounting, not only do we hear this frequently — it’s a part of the company's past. Kahuna Business Group didn’t always focus on the accounting business. In fact, it was a part of the business that was overlooked for years, wasting time and opportunities.
Any entrepreneur who makes the statement “we’re back in the same place” is in denial.
The truth is that your business is NEVER “back in the same place,” and neither are your company’s finances.
The value of your business, money, employees, time, products and services is fluid. Even if you have exactly the same amount of money, value, clients, etc. a week from now, you’ve lost time while the rest of the world has moved ahead. Inflation may have accelerated, money may be devalued, and you will never get that week back at the end of your work life. And as we all know, we can’t get back lost time.
We are never “back in the same place.”
When making decisions for our businesses, it’s imperative that we consider these risks and consequences.
When Kahuna Accounting hired a single bookkeeper well over a decade ago, they didn’t consider what would happen if that employee quit unexpectedly or even stole from the company without their knowledge. They've been able to learn from experiences of this nature and create a solution to prevent other entrepreneurs from feeling like they’re “back in the same place” with virtual bookkeeping services.
Use this reminder as an opportunity to reevaluate vulnerable aspects of your business and what would happen if specific scenarios occurred. If your CFO quit, how would you recover quickly? If your accountant steals, what steps will you take next?
Take 30 minutes today to look at aspects of your business that could easily put you behind where you want to be if a small change occurred. After all, you can’t get ahead if you keep falling behind.
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