Veronica Duckett, owner of Maventri Bookkeeping, joins the podcast to share tips for small business owners. She emphasizes the importance of delegating tasks and outsourcing bookkeeping to save time and focus on growing the business. Understanding financials is crucial for making informed decisions, planning for growth, and negotiating funding. Veronica also discusses the common bad practice of commingling personal and business funds and the need to catch up on bookkeeping before tax season. She highlights the use of cloud-based technology and artificial intelligence in streamlining bookkeeping processes.
Takeaways
Delegating tasks and outsourcing bookkeeping can save time and allow small business owners to focus on growing their business.
Understanding financials is crucial for making informed decisions, planning for growth, and negotiating funding.
Commingling personal and business funds is a common bad practice that should be avoided.
Catching up on bookkeeping before tax season is important to have accurate financials.
Cloud-based technology and artificial intelligence can streamline bookkeeping processes and improve efficiency.
Sound Bites
"Delegate what you can, especially if you don't like doing it."
"Understanding your financials is one of the most important things for small businesses."
"Plan for growth by understanding your financials and making informed decisions."
Chapters
00:00 Introduction and Background of Veronica Duckett
03:25 Becoming the Owner of Maventri Bookkeeping
05:39 The Importance of Outsourcing Bookkeeping
08:00 Understanding Financials for Informed Decisions
13:36 Common Bad Practices in Bookkeeping
16:01 The Need to Catch Up on Bookkeeping
22:25 The Role of AI and Cloud-Based Technology in Bookkeeping
25:12 MavenTree's Focus on Networking and Community
26:29 Contacting Veronica Duckett and MavenTree
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