New business tools like online accounting software make it easy for business owners to focus on what really matters.
Red Hat founder and celebrated entrepreneur Bob Young revealed three very practical tips for business success in an online TV interview recently. Though high level, they successfully identify why investing in tools like online accounting software make great business sense. Young told viewers:
1. Every minute you spend doing something that isn’t about making your customer’s lives more successful is a wasted minute.
2. Get above the day-to-day and understand what you’re trying to do. (As they say, when you’re up to your waist in alligators it’s hard to remember the goal was to drain the swamp.)
3. You have to do the hard financial stuff. And you have to do it well.It doesn’t sound like rocket science, but actually achieving this is a huge challenge and one that most business owners struggle with every day.
Fortunately technology is making things easier. Software is getting smarter and it’s moving online. Xero web-based accounting software promises to not only help you follow Bob Young’s advice and do the hard financial stuff well. It will also free up more time for you to focus on your customers and get above the day-to-day.
As David Johnson, FD for BlueGlue and many other customers have found out, the advantages of moving to online accounting using Xero’s web-based accounting system are many. Not only does Xero’s web-based accounting software automate and simplify daily bookkeeping, but it also ensures everyone who needs to can get essential financial information straight away in an easy-to-read dashboard format. And importantly, because the accounts are stored securely online, anyone who needs to can access up-to-date information and generate reports for themselves – no more multiple versions and preparing documents for accountants, investors, directors and senior management.
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