TBL Episode 134: Why overcomplicating your online business is hurting your profitability

I've said it once and I'll say it again. Entrepreneurs love overcomplicating their businesses when they don't need to. Most business owners don't want to make their businesses more difficult to run, but as problems and issues pop up, they tend to add layer after layer of band-aids instead of treating the cut with stitches right from the start. That's why having access to the financial data in your business is so crucial because it shows you where you're not operating efficiently. And if you have proper bookkeeping, you don't usually have to dive into the numbers that deeply to find out what your issues are.  So for this episode, we discuss: How businesses get to the point where they become more complicated than they need to be The most common ways we see entrepreneurs overcomplicate the different parts of their businesses What we see our clients doing with their finances that helps them to simplify and streamline their businesses Why the way your bookkeeping is managed affects your ability to fix issues in your business