21: Accounting - Creating order out of chaos with Giles Belfrage

As an early-stage entrepreneur you’ve probably tried to do your accounting yourself, at least once. Not surprisingly, it’s one of the first things that you’ll outsource to a third-party provider because you quickly realise your business will be better off with the guidance of a professional.

A member from our entrepreneur community, The Level-Up League, is an accountant and tutor and in this episode we chat with him about what he calls “making order out of chaos”. Can you relate?

Giles Belfrage of Accountancy Tamer has a wonderfully quirky sense of humour and has been helping entrepreneurs and students in Bermuda for years. He was also a lecturer at Bermuda College.

In this short and punchy episode we hope you’ll find useful perspectives as we head into 2023.

We cover topics such as:

• Work-life purpose and why we do what we do
• The importance of prioritising getting your numbers in order
• Do you know if your business is profitable?
• The 4 obligations to government
• Not giving up and being resilient
• Having personal boundaries in business
• Knowing your strengths and limitations and knowing when to outsource

Enjoy! Remember we’re always growing and always learning.