Many factors contribute to the success of a business. That said, one of the simplest is also one of the most important: strong accounting.
If you’re not keeping track of how much money you’re spending and how much you’re earning, you can’t stay afloat very long.
For example, maybe you’re coworking in Cincinnati or another major city. Renting space in these shared offices should be part of your monthly budget, and it’s important you weigh the pros and cons of a space like this. As someone working hard to get a business off the ground, you have many financial factors to consider. That’s why all solopreneurs should take the following basic accounting steps when starting their businesses . . .