Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

74: Maintaining A Cost-Effective Virtual Team Or Workforce Whether You Are Starting A Business, You Are Self-Employed, A Solopreneur, Entrepreneur, Business Owner, Bookkeeper, Or Virtual Assistant

03.09.2022 - By Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their BusinessPlay

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Your employees or independent contractor expenses are likely one of your highest expenses in your business and as a smart business owner, you want to make sure you are monitoring these expenses to ensure maximum efficiency.  Over the last few years, your business may have had the need to shift to a more remote or virtual workforce.  Many business owners think this shift to a remote workforce or team causes less productivity and higher expenses, but in fact many business owners see the exact opposite.  Depending on your situation, you may have seen a savings or some additional expenses you’ve needed to adjust to.  In today’s podcast episode, I am helping you create a cost-effective virtual workforce or team.  I am sharing a few of the most important skills you need as a business owner as well as areas to be aware of to ensure you are maximizing your virtual workspace while keeping your costs down and the productivity up.  Whether you already have a virtual workforce or maybe you currently do all the work in your business yourself, but you’ve been wanting to integrate some additional help, you’ll want to make sure you are taking advantage of these tips.  Hiring remote workers, independent contractors and virtual assistants could be the lifeline you need to continue meeting all the demands of your business.  It doesn’t matter if you are just getting started with your business, you are a self-employed individual, a solopreneur, entrepreneur, small business owner, a remote, virtual, online or in-house bookkeeper, or a virtual assistant or VA, you need to keep a close eye on these expenses and ensure you are being as efficient as possible with this business expenses so that you are able to move your business forward, remain successful and maximize your profits.  It doesn’t matter if you are using a computerized software system like QuickBooks, Xero, Wave or FreshBooks for your business finances, or if you are doing your bookkeeping manually with an Excel spreadsheet or even a Google Document, this episode will be helpful for you…

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