Why Spending Less Time on Personal Finances Makes Good Financial Sense

MoneyStreamBy Mike Bertrand, Founder/CEO of MoneyStream - and as a special offer to MyCorporation customers, try it free for 90 days.

It’s a common joke among small business owners: I’m the CEO and the sales guy and the billing department and I make the coffee. As the founder of multiple successful software companies, including personal finance management service MoneyStream, I’ve certainly used that line more than a few times.

Of course, we don’t complain about making the coffee. Hey, someone’s got to do it. But there has to be a limit.

I’ve been fortunate to work with numerous entrepreneurs over the years.  One of the pitfalls they fall into is the wasted timed on low-payoff work like running to get office supplies.  Meanwhile, they short the activities that drive growth, such as negotiating a lucrative contract or persuading an existing client to grow their business.

Managing your personal and business finances is not low-payoff work. But it’s not your core competency either. Fortunately, you don’t have to be a CPA to properly manage your finances. Here are a few tips for saving time on financial management.

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4 Things Entrepreneurs Need to Know About Buying Accounting Software

4 Things Entrepreneurs Need to Know About Buying Accounting SoftwareAre you an entrepreneur? Yes? Okay. I’m going to tell you something that sounds crazy–or at least like a line–but which I know to be unequivocally true. The right accounting software package will help make your dreams come true. See, I told you it would sound a bit crazy! Let me explain it a little more.

What feeds the fire of every start-up is an inspiration of what the company can be and what it can do better than any other on the market. But nothing douses that fire like drowning in inefficiency and tedious administrative processes.

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