Behind On Your Books,

Business Owners?

Let Me Rescue Your Financials Today!

Behind On Your Books,
Business Owners?

Let Me Rescue Your
Financials Today!

8 Challenges Every Small Business Faces

by | Nov 30, 2017 | Certified Bookkeeping Washington DC

Although there are a wide variety of business entities, and industries, there are some common issues that every business will run into at some point. The issues that we’re about to discuss won’t necessarily be devastating to your company, but they could prevent growth and prevent your company from reaching its goals. Since our modern world moves so fast, it’s more important than ever to be open to new ideas as a business owner and be quick to make decisions that will impact the future of your company.

Insecurity

The majority of people, whether it’s in their personal lives, or as a business owner, are terrified by the idea of uncertainty and insecurity. Because the world is so big and complex, we often feel more comfortable sitting in our own bubble and not striving to achieve anything. Although you may be able to find some success in your business without reaching outside of this comfort zone, you’ll most likely never see the success that you want to see. Due to global debt and economic struggles, it’s even easier to see the negative effects that insecurity is having on business owners.

Another significant issue with being insecure about your business or the industry is that it results in short-term goals. Sure, short-term goals are great, they’re actually essential for your business to thrive. However, it’s when they come at the expense of long-term goals that they become a problem. The thing is, short-term goals give us a sense of comfort because they’re typically easily achievable and can be tracked very easily. On the other hand, it’s very difficult to track your progress with long-term goals. It’s more difficult to set and focus on a long-term goal because it requires you to have accurate knowledge of your company’s financials and its place in the industry. The challenge for small businesses is to overcome that roadblock that’s preventing you from setting and achieving long-term goals, while at the same time, being able to consistently set and achieve short-term goals.

Administrative Overload

Administrative overload is one of those things that we talk and think about all the time but never do anything about. This is especially a serious issue for small businesses where things are constantly changing. Whether you’re in the start-up stages or you consider yourself a stable business at this point, you’re probably overwhelmed with work that needs to get done. But have you considered how you can eliminate some of this stress by hiring someone to take the burden off your shoulders?

As a business owner, it’s tempting to feel like we can handle all of our problems, but that simply isn’t the case. The problem here is that great employees don’t fall from the sky straight into your office, it’s difficult to find candidates that you feel would match your business goals and company culture. That’s why it’s even more crucial to start hiring sooner rather than later. Business owners who don’t start hiring early on often find themselves several years down the line with a severely understaffed company and nobody to contact. Another benefit is that a lot less stress will be put on you and you’ll be able to relax a little knowing that you don’t have to manage so many things at once.

Risk Management

Starting a business is a risk in and of itself, however, the biggest risks come with investing in resources once your company is up and running. Do you invest in that new piece of machinery that will make work easier or wait until you have enough money to pay for it with a little more security? It’s never easy to make big financial decisions, but it’s one of the major challenges business owners will make throughout their lives.

Contact Furever Bookkeeping

When your business starts to grow, you won’t have time or a way to manage every facet of your business. You’ll need to focus on maintaining the direction of your company and set goals for your employees to achieve. When you get to this point, you need a bookkeeper you can rely on. Contact your master bookkeeper at Furever Bookkeeping today to learn more and get started.

“OUR FINANCIAL SAVIOR."

⭐⭐⭐⭐⭐

Furever Bookkeeping has been our financial savior. Our small business went through several bookkeepers before hiring Furever Bookkeeping. Furever Bookkeeping has been responsive, adaptable, and provided excellent communication throughout the pandemic. The level of customer service we have experienced is unmatched for a small business such as ours.

-Orman M.

“KENDRA BROUGHT YEARS OF MY BUSINESS’S FINANCIALS CURRENT AND BALANCED MY BOOKS QUICKLY.”

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Kendra brought years of my business’s financials current and balanced my books quickly. She and the whole furever bookkeeping squad know what they’re doing. Helped my business exponentially.

-Charlie U.

“I CAN ASK HER ANYTIME WHERE WE STAND FINANCIALLY AND SHE CAN TELL ME INSTANTLY.”

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Kendra served as our law firm’s outside, independent bookkeeper. When she started working for us she inherited financial books that were a complete mess. She was able to straighten them out and, since then, has kept our books accurately and complete. I can ask her at anytime where we stand financially and she can tell me instantly. She is very personable and a delight to work with. During her tenure working with us, even though she was an independent contractor, she became our firm’s CFO. I do not hesitate to recommend her.

-Fred P.

“KENDRA AND HER TEAM ARE GEMS.”

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The entire Furever Bookkeeping team helped my Consulting Firm and me streamline our Accounting system using technology for efficiency sake. This saved us a ton. Kendra and her team are gems.

-Patricia F.

“KENDRA HAS BEEN INSTRUMENTAL FOR OUR BUSINESS.”

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Kendra has been instrumental for our business. If you are looking for an accounting team that is professional, timely, and great at communicating call Furever Bookkeeping. They were a life saver for my company!

-Renee D.

“KENDRA’S TEAM IS TOP NOTCH AND RECONCILED BACK YEARS UNDER BUDGET.”

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Kendra’s team is top notch and reconciled back years under budget. Thanks to the entire team. We continue to grow as a direct result of her knowledge and strategy.

-Brian D.

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Kendra Moore
Owner/Master Bookkeeper
Expert Accountant

Clients

Our clients range in annual revenue from $200K up to in excess of $75M+. Simple or complex financials across MULTIPLE industries are our Core Capabilities.

About Us

Furever Bookkeeping, LLC brings 15+ years of Expert Bookkeeping & Master Accounting to each of our clients. Kendra Moore and her team have over 37 years experience in: Bookkeeping, Accounting, Banking, along with experience as previous Business Owners.

Our Certifications

We are approved Accounting & Bookkeeping Federal Government Contractors, DUNS #079524284, as well as for the State of Maryland, NAICS #541219.

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