Do you take record keeping serious in your business?
Whether as an online freelancer, an offline freelancer or someone starting a business or already in business, I feel there is need to take keeping accounts of how much you earn, how you spend and how the cash flows in and out of your business. I have seen many businesses collapse as a result of not keeping proper accounts of how the business is being run. So I suggest that anyone willing to succeed in business should keep records of transactions that happen within the business.
I've started keeping records of my expenses, my income as well as ensuring that I monitor how my rivals in the business I do try to outshine me in the business. Do you keep any record no your business? Or you are part of the persons that spend as the income arrives? Share your thoughts.