O'Reilly logo

The Financial Times Guide to Business Start Up 2014, 27th Edition by Sara Williams

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

29

Keeping the record straight

Fate decrees that one of the least interesting business activities is also one of the most crucial for its continued success. Keeping records must rank fairly low in an entrepreneur’s satisfaction rating. It is much more gripping to go chasing sales or to carry out a negotiation with a supplier that will lower your costs. But a complete ‘seat-of-the-pants’ approach to business will only keep you afloat in the short term.

If you hope to avert the dangers of sliding into failure, one thing you should try to achieve is not to allow yourself to be buried in a quagmire of bills, invoices and tax demands. Failure to organise your records from day one may mean just that. However, it is never too late to start; so ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required