119 - Don't Chase Finance and Accounting

Finance and accounting are an absolute function in a business. It's either done or it isn't, there is very little ambiguity. Either a business is provided with clean financials on a monthly basis, or they aren’t.

Over 90% of the entrepreneurs I talk to are not getting clean books on a monthly basis. A lot of them do not have a solution in place, so not having books is understandable. What is shocking is how many of them have a solution in place, but they have fallen behind for some reason.

This is unacceptable. If whatever solution you have in place for accounting and finance is not able to provide you with clean books on a monthly basis, they have a professional responsibility to tell you to find another solution.

The one department you can never chase, is finance and accounting. There is more exposure here than just about anywhere else in your business.