Importance of hiring a bookkeeper for your start-up Importance of hiring a bookkeeper for your start-u | Page 7

Resolving conflict
Investment for a start-up is rarely done by a single person. You may have
had the idea that launched the start-up, but you may have other business
partners. When there are other people involved, there is always space for
conflict to arise.
Who decides on cost and expenditure? How will decisions be made? Who
will approve any transfers of cash? These are questions that arise in any
business, and matters surrounding money can even lead to the failure of a
start-up. By hiring bookkeeping services for your small company, you can
resolve such conflict easily. A proper procedure for expenditure will be put
in place and this will reduce conflict among business partners.
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