Being an entrepreneur can be hard work, but it’s also exciting. Whether it’s launching a new or better product, or service, the dream could fuel one’s engine. Our San Francisco Bay Area is a mecca for ambitious entrepreneurs ready to change the world.
And our region has plenty of resources to help an energized upstart on the right path. For example, networking groups, venture capitalists, and CEOs are available to help a new founder connect.
One may wonder, what are the essential skills a startup leader needs to ensure their own success? The Entrepreneur Story posted the ten essential traits here. The article goes into detail, but some main traits include creativity, flexibility, discipline, resourcefulness, and excellent communication skills. We agree these are all essential to success. Another trait the article notes is resilience. Aspiring leaders need to know how to deal with and effectively handle challenges before they become a liability.
Part of being a genuinely resilient executive is to evaluate personal skills and experience. Being honest about how one can manage specific tasks well could help a business. If a new VIP finds “holes” in their skill set, maybe those tasks are worth contracting out to others. For instance, a startup CEO might have a strong background in marketing and communications. They know how to reach out to investors and customers effectively. And it could even be fun for them. However, they do not find it entertaining to handle business taxes and financing. Spending hours crunching numbers is not their idea of a good time. And they are not ready to hire a full-time CFO. When this happens, the best approach is to stop trying to multi-task the finances and find a savvy CPA in the Bay Area to help them.
Entrepreneurship and Accounting go Hand in Hand
Every growing business requires a solid long-term plan, and a professional dedicated and practiced to make that plan a success. Skills like being resource, careful, disciplined, and creative apply to both entrepreneurs and accounting professionals! Our accounting team is focused on managing every piece of the financial landscape for a startup business. We do audited financials if an entrepreneur wants more funding. We provide tax advice and can manage the business taxes to help leverage assets. Our team also offers weekly bookkeeping services to help maintain balanced books and easy end-of-year accounting spreadsheets. The leader of a new business doesn’t need to struggle and “bootstrap” their financial obligations. When entrepreneurship and accounting work together, it can free up more time for each one to do what they do best. The result can be an exciting start-up business with a strong financial foundation!
