Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that the owner simply doesn’t like bookkeeping or other administrative tasks, so these get put on the back burner.
When things are hectic, most small business owners wish they could find a way to get more than 24 hours into a day.
I was trying to demonstrate how the accounting industry and accounting function in business has changed in past years so we came up with this illustration - the Evolution of Accounting.