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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