This spring, we’re coming up on our two-year business anniversary. When Sean and I founded @KensingtonGrey, we were just a couple who dared to dream. We had careers at big companies with good salaries and decided to leave it all behind to try to make it on our own as entrepreneurs. We had a lot of relevant experience in sales and marketing, but when it came to things like accounting, payroll, and taxes, we had to learn on the job. Needless to say, we made mistakes in the beginning, but along the way, we realized there were tools and solutions to assist with the process — for us, our best tool by far has been QuickBooks!
Subscribing to QuickBooks was vital to our success when we got to a point where our business was growing and our manual processes for tracking revenue/expenses were becoming too labour intensive. QuickBooks has seen us through some of our biggest business milestones, like hiring our first employee, Shanice Atkins Broome, and growing to a team of 7!
We often look back and wonder why we didn’t start using it when we started the agency – we went from multiple shared documents and spreadsheets to QuickBooks giving us a super simple, user-friendly view of, well, a lot:
- A dashboard that quickly shows us our revenue (by month, quarter, year, etc), profit and loss, expenses, invoices and more
- Connectivity to our bank accounts for easy bookkeeping (CDN, USD, etc.)
- Payroll (QBO helped us make the much needed move from paying all of our employees as contractors)
- The Cash Flow Planner helps us forecast and budget a LOT more precisely
- … and seriously, so much more.
For us, “success” has meant growth from day one and starting a business and running it the way WE want to run it. Besides the obvious goal of profitability, our thing has been to have fun, treat our staff with respect and empower them in their positions. We’re like a growing family and to us, that is the definition of success.
How do YOU define your #SmallBizSuccess? Shout out your businesses below! https://intuit.me/3piCOfS #SmallBizSuccess #ad