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E-Myth – “Why most small businesses don’t work & what to do about it”

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Accounting Outsourcing | How Accounting Teams Of Two Work

When entrepreneurs start their business, they may not understand that there is an extremely high failure rate, according to accounting outsourcing. In fact, industry Canada says that 15% of all entrepreneurs that start a business in Canada and up failing within their very first year of entrepreneurship. 30% have failed by year two, and 50% of all entrepreneurs that start their business has closed it by their fifth year. In order to help combat that, the chartered professional accounting firmís Burrell and Associates have made it their business mission to help increase the odds of succeeding.

One way that they do accounting outsourcing differently than many other accounting firms, is by using a two-person accounting team for all of their clients. Regardless of how big or small their client is, what services they are getting done, or how long they have been with the accounting firm, they have a team of two accountants that they refer to as Associates that work with that client, and to keep the same team for the life of that client. What this does, is it allows the team to become very familiar with the client, their business, their goals and what is important. That can help them significantly and developing accounting outsourcing strategies that matter and make a big difference to that client.

Another way that a team of two Associates is extremely beneficial to entrepreneurs, is because it gives them consistency and continuity. No matter what is going on in the life of the Associates, there is a built-in redundancy that a client is always going to be able to call into the office and speak to one of the team members that is familiar with their file. If an associate is sick, or is on vacation, an entrepreneur is still going to be able to contact someone to help them with their accounting outsourcing, or if they have an extremely unusual problem off up unexpectedly that they need an answer to.

While a chartered professional accountant is always going to be reviewing the work of the associate team, they find that by starting them off in teams and working consistently with the client, is going to help that team develop an extremely high level of accounting work extremely early. They will have less errors to fix, as well as lesson strategies that they have to change. Because these accounting teams end up knowing the client so well, and working so well together, they can deliver this amazing service immediately.

In order to help entrepreneurs succeed in business where many others fail, all they have to do is find the right chartered professional accountant firm to help them beat the odds and succeed in business. A great accounting firm can help entrepreneurs have an efficient tax plan, that can help them save money in their business, as well as increase their personal wealth. Also, a great accountant is going to be able to help an entrepreneur develop a great business plan, that can help them avoid some of the more typical reasons why entrepreneurs in Canada fail, as well as developing a marketing strategy that can help them grow and succeed.

Accounting Outsourcing | How Accounting Teams Of Two Work

An unusual way that entrepreneurs can plan to succeed in business, is by finding the right accounting outsourcing firm to work with. The reason why, is because the right accountant can significantly help entrepreneurs succeed in business through tax and business planning. However, many of those accountants are priced much higher than a small business or a new entrepreneur can afford. Meaning the services that can help an entrepreneur succeed are only attainable to large businesses with extremely deep pockets. However, Spurrell and Associates is a chartered professional accounting firm that would like to help entrepreneurs succeed in business at a price point that is not difficult for them to pay.

What sets Spurrell and Associates apart from a lot of their competition, is the fact that the utilize accounting teams of two in order to help deliver an extremely high level of accounting outsourcing, at a price point that is not hard for new businesses to pay. The way they do this is by hiring undesignated accountants, we are working towards their professional designation in order to do the time-intensive work. This way, entrepreneurs are able to get the work that they need to, while Spurrell and Associates are keeping their prices lower. Also, the assigned to of these Associates for every client that they have. This way, they can work efficiently and effectively in a collaborative manner to accomplish important tasks for these entrepreneurs.

The reason why having to Associates assigned per client can increase quality, is because two people thinking through problems and issues are always going to be able to come up with better ideas than just one person working alone. By working together, collaboratively while already being familiar with the client and their business, can help Associates have an extremely high level of work that the are able to do for their client. Even despite having more than one associate in the room, means that the devil their chances of one of them having seen a similar problem before, and not even having to work to solve it, because of they already know-how.

In order to help ensure that their associates can collaborate together for the accounting outsourcing that their clients need, Sperling Associates have developed workstations to allow for this collaboration to happen easily. The workstations it is it three people across, and each of the three computers has three monitors. Studies were done in order to test the efficiencies of monitors in the workplace. Most workplaces were improved efficiencies with only two monitors, but accounting firms had an increase in efficiencies from two monitors to three as well. So three monitors mounted vertically on the wall ahead of the workstation means that every associate can see what the other one is working on at all times, so it allows for an intuitive workflow, easy collaboration and problem-solving as well.