Being able to have your accountant or bookkeeper hop on to your accounting system to do their work while you still have access to do the things you need to do is incredibly valuable. Gone are the days of backing up QuickBooks and having your accountant do their work while you wait. Get set up with an app like Xero and your accountant is part of your team.
The greatest works of literature have always followed some sort of lingual structure. From the Narrative Form to the Deductive Form there is a spectrum of structures to write literature, and so it goes for the story of Small Businesses; From Sole Proprietorships all the way to the Corporate Form.
You can break down the small business lifecycle into 3 simple phase. Each phase is unique in how the small business is created and executed. It is a linear lifecycle, meaning one phase can’t happen without first going through the one before it, however, it is possible to bounce back to an earlier phase. Here we will explore these 3 stages.