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

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Accounting Outsourcing | Why Accounting Teams Two Work Efficiently


When entrepreneurs are looking to succeed in business over many other entrepreneurs in Canada, by having a unique approach to their accounting outsourcing can give entrepreneurs a significant benefit. Industry Canada says that the failure rate for entrepreneurs in Canada is extremely high. 15% of all businesses that open end up failing within their first year, 30% failed by their second year, and 50% of all entrepreneurs are out of business within five years. A great accounting firm can significantly improve these odds because they can help entrepreneurs succeed in business with great business and tax plans. The accounting firmís Burrell and Associates have a goal to help entrepreneurs succeed and beat these odds. How they do that, is through a combination of their unique approach to accounting, and how they operate.

One of the first ways that Spurrell and Associates is different, is the fact that they have a dedicated two-person accounting team assigned to every single one of their clients. Regardless of how big or small the client is, or what services they are getting from this accounting firm, they have two people called Associates that are going to be working with them on every project they have. What this is going to do for the client, is ensure that the team develops a familiarity with their business, their common business problems, and even understanding what is important to the client, and what their goals are. This is going to allow them to do their accounting outsourcing in a way that keeps all of these important variables in mind. This will allow clients to get work done that significantly impacts their business.

Another benefit to working in teams is it allows Associates to collaborate with each other, to problem solve, come up with strategies, and share ideas so that they can end up the best strategies for their clients possible. Even though a chartered professional accountant in the firm is always going to be reviewing the work of the team, to ensure the accuracy of, they discover at Spurrell and Associates, that and accounting team of two people are going to accomplish great work earlier on.

A team is also very beneficial to entrepreneurs because regardless of what time of year it is, or what else is going on, a client is always going to be able to get their accounting outsourcing done in a timely manner, because of the team aspect. One associate can go on vacation, or become ill, or even leave the firm, and the client can be certain that they are never going to miss out on getting any of their objectives accomplished. Even if something unexpected comes up in their business, they know that they can call the accounting office any time, and end up speaking to someone who is familiar with their file and their business.

By contacting the accounting firmís Burrell and Associates, entrepreneurs can find out how can significantly impact their business, and help them not only avoid going out of business but how to grow their business as well.

Accounting Outsourcing | Why Accounting Teams Two Work Efficiently

Challenges that entrepreneurs often face when they are new in business, is finding the right accounting outsourcing company to work with. If entrepreneurs had no budget constraints, they would hire and accounting firm that can give them all the benefits that large businesses and joy. However, that is usually outside of most entrepreneurs and new businesses’ budgets. As a result, they end up with an accountant that does not allow them to excel the way they would like. However, there is one chartered professional accounting firm calledís Burrell and Associates that is hoping to give new businesses and entrepreneurs great accounting services at a price that they can afford.

The approach to accounting thatís Burrell and Associates has, is unique for many different reasons. One of those reasons is there collaborative and team approach to their accounting outsourcing. What this does, is allows for entrepreneurs to get high-level accounting services for their business, which can significantly impact their ability to succeed in business, but at a price that is affordable for them.

How the use teams to accomplish this, is by hiring undesignated accountants that are working through their chartered professional accounting designation. Because they are not yet designated, they can be hired on at a lower rate, which helps Spurrell and Associates keep their prices lower. Because they have these accountants they call Associates work in teams of two, they are able to accomplish an extremely high level of accounting, very efficiently. They collaborate, share ideas, problem-solve together, and this gives them the ability to get a lot accomplished, and even in a short period of time. As a result, the client gets extremely well-done accounting outsourcing, which can help them succeed as well as afford.

These teams will always have the chartered professional accountants review their work, to verify the accuracy and the solidity of their strategy, but they discovered that a group is always going to be able to be more efficient and accurate than an individual. In order to help them work together, Spurrell and Associates have developed workstations that are specifically designed to help Associates collaborate with each other. How these workstations are set up, is by allowing three people to work side-by-side, and for each of them to have three computer monitors. These monitors are all mounted vertically in front of the computer so that all Associates can read the screens at all times. The team of two is assigned to one workstation, and the middle computer is left empty unless a manager or chartered professional accountant is reviewing the work, or helping solve problems or collaborate as well.

The hiring the right accounting firm, can help give entrepreneurs and small businesses an advantage that was previously unattainable for them. I got great accounting outsourcing done, a price point they can afford, can help entrepreneurs significantly impact their ability to succeed in business. Businesses can contact the team at Spurrell and Associates to get a free consultation to see if this is a fit for them at 780-665-4949.