Money is the most critical resource in a business, yet it is often the least attended to.
Many business owners let their money “manage itself”– to focus on the customers and vendors screaming for attention while their finances sit silently by. That is, until there’s an emergency.
I recently sat down with Bob Lancaster, Director of Advisory Services at Pathway Lending, to discuss his thoughts on the importance of working with a CPA.
Here’s how a CPA can be your financial ally:
- They Protect Your Assets: If money is the lifeblood of your business, protect it. CPAs provide professional management of your personal and business finances to protect you from what may come.
- They Educate You: You don’t have to a master of all trades. A CPA can help you understand the economics behind your business decisions so you can foresee financial consequences and benefits ahead of time.
- They Get You Disciplined: Increase your chances of success with focus. A CPA helps you develop a structured way of thinking about your business – how to monitor progress and change course as decisions play out.
Before you even contact a CPA, be prepared with your goals and objectives of what you want the CPA to do for you. Have a list of questions and a clear idea of what you want to accomplish. If you have questions or would like to discuss your business, Pathway Lending is here as a resource to you.