As contractor accountants, we love staying up to date with any business-related news, this post is inspired by the fantastic Michelle Rodger of Tartan Cat Communications. Read her full Scotland on Sunday article here.
Over the years I’ve seen this time & time again. People seem to think that as they were the founder of the business they have to be the leader / CEO too. That’s okay in the startup phase, where their inspirational vision is absolutely what’s necessary.
But once the business becomes established it morphs into a different animal, and the skills needed to run it are quite different.
Too many don’t recognise this, or feel they need to cling on to “power”. What then happens is that the business growth slows down, it loses the culture it once had, and it starts to lose good people. They also find themselves doing less and less of the “technical” work they used to enjoy and more and more time on admin / HR / management and it becomes a grind rather than being fun.
So from time to time it’s important to sit back and ask yourself – am I the right person to be running this company? Paul & Tim in Michelle’s article did, and made smart decisions. Will you?
If you would like to talk to an expert accountant, then get in touch and we will be happy to help!
More Posts
Corporation Tax Rate Changes
Rishi Sunak has proposed a number of changes to the way that Corporation Tax will be calculated and applied. Learn more.
Autumn Statement – Headline Changes
Autumn Statement – Headline Changes
Extracted from the ACCA Guide to the Autumn Statement 2022
Why Freelancers Should Hire an Accountant
In the world of work, freelancing is an increasingly popular option. The promise of flexibility, unlimited earning potential and complete control over the way you work is a hugely attractive prospect for many.
Although freedom is one of the big draws of the freelance lifestyle, there’s still plenty of financial responsibilities that come with it that can really eat into your time and profits.
But do freelancers really need the services of an accountant? Let’s find out.