Create a plan to review your books on a weekly basis. This may not be your favorite task, but knowing where your money comes from and where it is going will be critical to smooth operations and being able to respond in times of change. Most of the number crunching is easily automated with software, or your service will do it on your behalf. However, taking time to review the information and understanding it is the skill to be developed. If looking at the information in your books is hard to grasp, ask for help from your provider or someone at the college - such as one of our Entrepreneurs in Residence staff.
You should complete the following tasks before proceeding to the current one.
Similar to accounting, you'll need bookkeeping services. You may be able to handle these on your own, but it is often one of the areas that entrepreneurs outsource because it's not core to their business. There are a range of services from local to online to virtual. Interview 3 to 4 choices, some local and some online. There are many online services that assign a professional bookkeeper to your organization so they will actually perform the bookkeeping tasks.
List of resources, subject matter experts, trusted partners, and tools that can be useful to complete the task.
Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.