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  • katepowell05

Why being a financial literate business owner will make you more successful



At Kingston Bookkeeping we love entrepreneurs. We love to be entrepreneurial ourselves. And we know that as you do this, you are fueled by your passion for what you do and your plans for what your business could become. But the complexities lie heavily because financial management can be a hurdle - particularly when you don’t see yourself as a financial expert.


It’s not just about numbers. And as bookkeepers, we know that you succeed when you know you’re financially secure and on the right path, so we make that our mission. We’ve seen how transforming financial challenges into opportunities can significantly impact your business's success.


Financial literacy, for instance is a common stumbling block for many entrepreneurs. You have goals and drive, but a lack of deep financial knowledge can be a problem from time to time. Understanding your financial statements, managing cash flow, and forecasting are essential skills that we help with. If you can do the basics to keep your books in order, you will have the data you need to make the right decisions and reach your goals.


Then there's the issue of overpaying taxes. Nobody wants to part with more money than necessary, yet it happens often due to a lack of awareness. We help our clients to avoid costly mistakes - whether they are saving tax or making sure they pay enough.


This leads onto the fear of making financial mistakes. It’s a huge anxiety for many small business owners, affecting their ability to make confident decisions - or simply to grow. That’s why we make it an important part of what we do, to ask you what YOU need, to know you can move to the next step.


Time constraints are a challenge for every business owner. If you’re feeling overwhelmed and stretched thin, the last thing you want is somebody on your case about a VAT receipt. This is the kind of thing that makes financial tasks feel like a chore, pile up and then take focus away from core business.


It’s because of all of these reasons: financial literacy, tax concerns, fear, and time, that we make time to get to know each of our clients as people. As individuals building a business for a personal purpose. Because your valuable time is so much better used in the places you can make a world of difference.


We make a difference with the numbers, here’s how:


-       We boost your financial literacy. We empower you to engage with the numbers that matter - at a pace that suits you, so you can make strategic choices based on accurate data.

-       We know the tax rules, that means we can uncover savings and make sure you don’t pay more than is necessary.

-       We take away the fear. At Kingston Bookkeeping we are supervised and licensed by the ICB so you can rest assured that you’re in the hands of experts

-       And, we free you up, so you can run your business.

We’ve always thought of bookkeeping as a partnership. We want your mind on growth, innovation and your goals. We’ll pick up the finances for you.


If financial management is the area of your business that needs attention right now, we’d love to support you. Understanding your financial challenges and working with a skilled bookkeeper can get you closer to your goals, faster. We’re not just numbers people, we’re your strategic partners and we’d love to chat.



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