A Guide To Hire The Right Accountant

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Any business needs to be accountable for the financial records and processes. That makes bookkeeping a vital factor in business. It can be challenging to manage the bookkeeping if you do not have the skills and experience to do it. That is why it is recommended to hire the right accountant for your business. It might be challenging, but here is are some tips on hiring a good accountant;
• Consider the referralsAccountancy 10

You can start by asking a fellow business owner to help you find the right accountant. Here, you will need to be extra choosy and only go for a business that has a successful bookkeeping history. You might also go with the referrals from the professional associations. Ideally, you should have at least three referrals before you decide on the best accountant.

• Consider the needs of your business

Another thing you will want to consider is your business needs. Will the accountant take care of the taxes and books only? Do you need a financial advisor for your business? You should consider the exact need that you have in your business. Only consider an accountant that will suit the needs of your business. You should hire the accountant based on the level of your business.

• Go for a licensed candidate

Accountancy 20There are some associations that specifically register the accountants and manage their conduct. For that, when you are hiring an accountant, you might want to check if they are part of an association. The association should be recognized and must have a good reputation as well. With the membership of an association, you can be sure of hiring an accountant that is fully licensed.

• How accessible is the accountant?

You should consider the accessibility of the accountant, especially if you are in the conception stages of your business. When the business is still growing, you will need to be in touch with your accountant for long enough. Even if the accountant is offering the virtual services, you should ensure that you are aware of their accessibility.

• What is the cost of hiring them?

When you find the accountant that has the qualities that you are looking for, you will now Accountancy 04need to consider what they are charging for their service. Choose an accountant that offers dependable and affordable services.

When hiring a good accountant, you will need to ensure that you go through all the vital factors. The accountant must offer you the services that you need, whenever you need them around. In a nutshell, hire an accountant that is reliable, affordable and efficient enough.

How to Attract Investors to a Business

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The foundation of a startup’s success is a good team of investors because they can provide more than capital to a business. Good investors can become resources for realizing, organizing, and marketing ideas. It is important to know what to expect from an investor. Successful entrepreneurs possess the vital skills for attracting the best investors. However, attracting good investors is never a simple task, especially for startups. Investors want ideas that will change the world, and this is why it is difficult to attract them. But through preparation, research and strategy, you can attract investors and launch your business successfully. As a newbie with little or no experience, how do you convince potential investors that you are worth their time? Below is how to attract investors to a business.

1.Use communication to your advantage

We live in a world where the internet Business 05provides an opportunity to connect online and communicate in a timely manner. If you redirect people to your voicemail and emails often go unanswered, other people (including investors) will think that you do not have the time or just don’t care about responding. Investors want to know they can call you anytime and you will respond. If you are not in a position to respond immediately, then you should do that as soon as possible. Timely response to phone calls, emails, and voicemails shows that you are serious about your business.

2. Have a comprehensive and well-thought business plan

Do not just pitch how successful you think your ideas will be, you need to back up your statements with evidence in the form of research or case studies. Provide financial statements, interview reports, surveys and any other evidence that supports your claim. Information about potential competitors and your valued proposition/competitive advantage are also essential. If you cannot do it yourself, then hire a professional business consultant to craft a business plan that will attract the attention of investors, who are always interested in facts and figures or evidence-based claims.

3. Network

Business 09Attend seminars, business fairs and other networking events in your industry to connect with people and meet potential investors.

4. Put your own money in your business before seeking investors

If investors see that you have risked your money, they begin to take your business idea more seriously. If you are not willing to invest in your own idea, how do you expect others to?

5. Schedule for face-to-face meetings and perform computer presentations

Use technology to your advantage. Video or other visual presentations back up your ideas. Use them to demonstrate how your product/ service works and how it will change the world.

6. Be Honest

In business, honesty is a non-negotiable trait. If you constantly misrepresent yourself and business, you are headed for failure. Do not promise what you know you will not deliver. It will only show how incompetent you are, and investors will not want to invest in you or your business.