Tuesday, January 25, 2011

Data Entry Party!


In small business, data entry goes hand in hand with banking.  It’s that simple; your daily numbers are used to create your daily deposits.

I know that data entry is boring.  But even if data entry isn't exactly the lifeblood of your business, it DOES track the pulse of your business.  Don’t farm it out.  The company owner should do daily books.  Yes, even if your primary responsibility is fixing cars, writing ad copy, or cooking. 

Business owners that hire other people to do their daily books get ripped off more often than others.  The rip-offs are bigger than others.  And worst of all, those business owners are so out-of-the-loop that they often don’t notice it for years.

But even more, if you don't stay on that pulse, if you don't personally absorb the data necessary to feel your business...well...you may as well spawn a tadpole and farm it's rearing out to some stranger.  Out of fear or neglect, you may very well wind up robbing your business of an informed leader AND robbing yourself of the experience of being a competent, enlightened leader.

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