Are Bookkeepers and Accountants Obsessed with Technology?

By SBS

          In the bookkeeping industry, you hear a lot about the “Firm of the Future”. It’s a buzz term for bookkeeping firms that build their infrastructure around all the latest technologies and apps. The benefit sold to bookkeepers and accountants is that it will allow you to work so efficiently that you can handle more clients. That’s a wonderful benefit for sure! I’m not going to debate whether gassing up on all the latest technology is the right thing to do. What I want to point out is that having all that technology doesn’t automatically equate to more clients. It’s not a sales tool, it’s a management tool. Maybe some businesses will sign up with you because you showcase so much technology, but in my experience, most of them won’t care much. So, don’t invest all your hard earned money on all these cool 3rd party apps if your book of business doesn’t warrant it. You’re only making these vendors wealthy – not you! I want you to build a bookkeeping business that creates a wealth generating asset for you. The technology companies don’t have that same interest. They want to convince you that you need more and more technology in order to keep up with your competitors and stay relevant. I argue that you will outperform your competitors if you focus more of your attention on branding, messaging, and marketing. That is what will distinguish you from the others. Most bookkeepers and accountants are comfortable dealing…

I Wrote The Book

By SBS

I rarely speak personally about my business in a public forum. However, I’m at a stage in my career that I’m now comfortable speaking openly about my victories, and my losses. I’ve learned so much (especially about myself) over the years while running this company. I’ve failed as much as I’ve succeeded, but I never let it stop me or my entrepreneurial spirit. As a business owner, you have to stay focused and determined if you want to achieve your goals. Goals change, but your attitude should not.   Steiner Business Solutions has come a long way since it started out of my house in the winter of 2006. Over the years, I’ve employed dozens of staff and served hundreds of small businesses, with much to be proud of. We grew our brand and our revenue to levels I rarely imagined.  What a ride!   For those of you who don’t know, I made a huge life decision last year and sold my entire bookkeeping division at the end of 2019.  It was not planned, but opportunities present themselves and you have to act if you feel it’s the right decision. Of course, I had no idea a worldwide pandemic would hit the following year! But that transaction has allowed me to take on some new challenges – and I LOVE new challenges! Hence, THINK BIGGER, was born.   THINK BIGGER was first created in my mind while I was closing on the sale of my bookkeeping division. I was…

Bad Advice We’ve Heard About Bookkeeping

By imarketing

  Read about bad bookkeeping advice you should shy away from. Like anything essential—eating, sleeping, running a small business—we all strive to maximize the impact of our efforts. That makes us eager knowledge seekers, looking to learn as much as we can and apply our newfound insights to our own lives. Our eagerness often has the unintended consequence of sending us into the open arms of some bad advice. And unfortunately, there’s a lot of it out there. The business realm is, unfortunately, no exception. While we’ve seen plenty of bad business advice, some of the worst is reserved for bookkeeping. If you’re looking for advice on bookkeeping, chances are good you’re trying to improve your business, which means bad advice can set you on the wrong path. We’ve rounded up some “tips” it would be wise to disregard. #1 – Use a Family Member to Save Money When you’re starting your business, it’s OK to  start with family help, but as you grow, this can become a serious problem, especially if they are not a bookkeeping expert.  As a business grows, bookkeeping becomes a time-consuming task and becomes more complex.  If you don’t keep up with it you’re going to be in trouble.  And it’s not something you can put off. Here at Steiner Business Solutions, we’ve heard countless stories from well-meaning family members who have been overwhelmed by their bookkeeping efforts as a business grows, watching in frustration as their to-do list grows longer while bookkeeping takes more and more of their time. And this isn’t the only…