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Many entrepreneurs find the paperwork “a killer” for the business.
Entrepreneurs prefer to "work" which means build the house, serve the guests
in the restaurant or produce biochemical products. However, in order to “work”
properly with your business, the paperwork has to be in order.
Administrative routines
You need to build up routines that take care of at least the following
administrative topics:
- Control of bills concerning income and expenses
- Regular bookkeeping of the bills
- Handle tax/sales tax and other obligations given by the state
- Send out bills to customers
- Pay bills from suppliers
- Management of salary to employees
- Regularly overlook the profit and loss statements
- Order new products
- Writing letters
- Answer the telephone / e-mails
- Go to next
business issue: Open a Bank Account
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