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Posted by on Jul 23, 2009 in Uncategorized | 1 comment

Unintentional Entrepreneur, Unintentional Bookkeeper?

Hopefully in the years to come, we will be able to look back on the current recession and say in our best Dickensian voices: “It was the best of times, it was the worst of times….”

 

The reasons for why it is the worst of times are obvious: massive lay-offs, skyrocketing unemployment rates, lost retirement nest eggs, etc. The reason for why it could be the best of times requires a little more imagination and a little more optimism.

 

Now we are at a point in our economy when entrepreneurship is not only a component, but a necessity for revival. The recession is paving the way for innovation, creativity, and even personal glory for those brave entrepreneurial pioneers setting off into the unknown to stake their claims. There are unlimited new streams of revenue, needs to fulfill with new services, and it is up to the entrepreneur to bravely go where no man (or woman) has gone before.

 

So now we have all these brilliant, hard-working, freshly laid-off men and women who are chomping at the bit to start that business they have always wanted to but never could: the Unintentional Entrepreneur. Unfortunately, these men and women are also being forced to become the Unintentional Bookkeeper.

 

For many would-be entrepreneurs, one of the greatest challenges that slows them down or holds them back is the thought of having to take on all the mind-numbing details of the bureaucracy and paperwork and bookkeeping involved in setting up and running a small new business. Entrepreneurs thrive on creative, big-picture thinking, and the last thing they want or need is to get bogged down by the technicalities of bookkeeping and tax prep and accounting, especially when they most likely lack the resources to hire people to do these tasks for them.

 

Unfortunately, these mundane details are crucial to success. In fact, one of the top pieces of advice from the IRS to entrepreneurs starting their own business is, “Good records will help you ensure successful operation of your new business.”

 

So what is to be done? Fortunately for the Unintentional Entrepreneur who does not want to become the Unintentional Bookkeeper, there are more services available than ever before to assist the financial and record-keeping operations of small businesses.

 

One of these services is Shoeboxed.com, the leader in online receipt and business card management. Our service allows users to mail in their receipts, business cards, and invoices in pre-paid envelopes to be scanned and uploaded into secure accounts for tax organization, budgeting, bookkeeping, etc. It takes all the grunt work out of financial upkeep and provides peace of mind for good record keeping.

 

One of Shoeboxed’s goals is to provide the resources necessary for entrepreneurs and small business owners to focus on what is important to them and important to the economy: growing their business.

  • http://www.therisetothetop.com Allyson Summers

    Great tip for how to keep up with bookkeeping, there are also several hundred resources that entrepreneurs can access to generate ideas on how to start a successful business. Doing research and networking with other entrepreneurs can help answer any questions that first time business owners are wondering.