Hiring employees can be super exciting, especially for a new business owner. Being able to hire extra help not only shows that your business is growing; it also shows that your business is in a position to provide extra income to someone else’s life.
Most employers engage in lengthy discussions about the order in which positions should be filled. Some employers automatically assume an operations manager is the first hire you should make; in point of fact, a CPA is actually the first person you should hire, and if financial resources permit, hire a CPA as soon as you can.
Hiring a CPA as your first hire will not only benefit you as the owner but will also benefit future employees by making sure that your company is in strong financial condition. This will enable you to pay your employees a competitive market wage and improve retention.
Additionally, hiring a CPA can help you flesh through inventory data or any data that your company relies on in order to be able to sustain itself. Most people think of CPAs as only being able to handle finances, when in fact, CPAs have the capabilities to analyze most types of numerical data that may or may not impact your business.
Still not convinced a CPA should be your first hire? Does your business want to make money? If you answered yes, our case has been proven.
Image credit: Anna Hirsch