As you may be aware, I am a massive sports fan. Cricket, golf, football, rugby league, basically anything competitive I will watch or play.
I was having a discussion recently with a friend of mine, while we were playing a round of golf. He asked a simple enough question, “What do you do?”. Well, I run a bookkeeping business. I am a bookkeeper. The surprising (or not so surprising) next question was “Yeah, but what is that? What do you do?”.
This made me think. Long gone are the days of having data entry operators in your office punching through pages and pages of bank statements and paper receipts to enter them into your computer for record keeping purposes.
Major developments in technology have made the old data entry days all but automated. So what does a bookkeeper do for businesses now?
As I answered this question for my friend, all I could do was link it back to the great game of golf. A bookkeeper is like a golf caddy, but for your business.
In golf, a caddy is the person who carries the player’s bag and clubs, and provides insightful advice and moral support. A good caddy understands the challenges and obstacles of a golf course, and the best strategy for playing it. I am like a caddy for businesses.
Even the best golf players in the world need someone with them for the journey around the course. Some players just need someone to do the heavy lifting and the grunt work of carrying the clubs, which is fine. But the majority of the players utilise the skills of another person. Someone who is able to step back from each golf shot to analyse the course, the weather, the conditions and the player’s game to provide a second opinion and support on the best plan of attack for each and every shot, while having one eye on what will happen as a result of the shot played.
This idea is simple. Let the player focus on what they can control and what they are best at (which is the execution of a shot).
This player/caddy relationship is a long standing one in golfing circles. One built on trust, mutual respect and understanding.
I see this as my role for business owners.
Most business owners know their business, know the product or services they are providing, but would greatly benefit from outsourcing some of the business operations. These may include full service bookkeeping, payroll, debtors management, payables management, business process management, cash flow projections, goal/KPI setting and analysis. This will allow them to utilise their time on income generating activities, as well as assist the business progress and grow.
If you would like to hire a ‘caddy’ for your business, please contact us and we can discuss how we can assist.