Daniel Williams, who directs audit and assurance services for LaPorte, works with a lot of passionate business owners. But they’re usually not passionate about accounting.
“A lot of these [entrepreneurs] have a lot of great ideas and their businesses are growing exponentially year after year, but finance and accounting is often thought to be more of a pain and a necessary evil than something that’s a critical part of the business,” Williams says in a recent Business Report feature.
Of course, raising money to get started can be a major hurdle. Even when the money is coming in, many small businesses aren’t very good at keeping track of it. Then there are all the market forces and government policies that can shift at a moment’s notice, rendering an entrepreneur’s plans outdated or even obsolete.
Business Report consulted local experts about some of the most common financial challenges faced by small businesses, and how those hurdles can be overcome.
Standard caveat: Every business is different, and your mileage may vary. Read the full story.
