Know how valuable your time is.
No matter how much money you have, you can’t buy more time. There are only 24 hours in everyone’s day. Warren (Buffett) has a keen sense of this. He doesn’t let his calendar get filled up with useless meetings. On the other hand, he’s very generous with his time for the people he trusts. He gives his close advisers at Berkshire his phone number, and they can just call him up and he’ll answer the phone.
(Good advice for all business owners…spend time doing what you do best, and leave the other details to those who know those details best. Contact us today (firstname.lastname@example.org) if you’d like to stop dealing in the bookkeeping details!)
via Three Things I’ve Learned From Warren Buffett | LinkedIn.
The Tornado recently in Moore, OK reminds us of the devastating effects a natural disaster can have on a community. Just as families are working to rebuild their lives, so too are the small businesses that were impacted by the storm.
Kai Ryssdal of American Public Media’s Marketplace interviewed a business owner in Moore, Oklahoma whose business was completely destroyed by the tornado. In the interview, Kai asked the business owner about her business forms and client records. She responded by saying:
“Luckily I did find my [client] records, and I have a CPA offsite … that was the saving grace because I didn’t get the computer backup.”
Regardless of scale, natural disasters have proven that even traditional backups can fail. For instance, say your office experiences a fire, flooding, or even an earthquake, and everything is damaged. Your paper records are gone and your computer equipment is unsalvageable. You can’t rely on keeping your most important business information backed up on an external hard drive. Storing your information with an offsite financial professional can help by protecting your mission critical data so that when it is time to reopen your business, you have all the information you need at hand.
Outsourced Bookkeeping Gives You Peace of Min
via Outsourced Bookkeeping Provides Safe Keeping For Your Business’s Financial Data.