Getting The Books In Order | Ramblings of an e-trader

Wednesday, 2 December 2009

Getting The Books In Order

It's the end of the year already and every business has to get the books in order. It’s not something that we like to do but it has to be done. Most of my friends, who run their own business, large or small, try to get this unenviable task over and done with before the start of their holidays. I do the same as well otherwise I keep worrying over the unfinished business.

One thing I like about running my own business is that I am comfortable with the scale and it's entirely up to me how I want to run it. A friend told me that his partner has accrued debts in a failed venture that he found out way too late only upon the arrival of Debt Collection agents at their office. Running my own small business, something like this has no chance of happening.

December is a time of revelation on how healthy one’s business has been throughout the year and if the books don’t look too good, it is time to reflect on the past and see what sort of changes could be implemented to improve on the business. This is the kind of challenge I like in business, not the books. I hate figures!

*** This post has been sponsored.

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