Why Accounting Skills Are Indispensable For Entrepreneurs
Source: Entrepreneur | Repost QBScott 4/8/2021 –
Entrepreneurs need to draw on a wide variety of skills to succeed. In the course of a single day, you may wear 10 or more different proverbial “hats.” In other words, you may take on 10 or more different responsibilities throughout the day. On top of that, you’ll be in charge of making decisions that impact the entire organization, which means you’ll need to think about how your decisions impact each department and individual in the company.
In most circles, you’ll hear plenty of people recommending generic skills like “communication” and “leadership,” which are certainly important. But other technical skills often get neglected. For example, it’s important that every entrepreneur have at least some exposure to the accounting world.
Why are accounting skills so important for entrepreneurs, and how can you get them?
Developing accounting skills
Fortunately, developing your accounting skills doesn’t take much time or effort. If you want to go all-out, you’ll need to spend years honing your abilities by pursuing a four-year accounting degree and possibly attaining your certification as a certified management accountant (CMA). But if you just want high-level skills to help you as an accountant, you can take online classes and review online learning materials for free to establish a baseline.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com.
Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale