The pandemic was a game-changer for businesses in Dubai, driving a massive transition from traditional to modern. While some changes have been challenging, most have a positive impact. Business owners are open to the idea of embracing technology to enhance processes in the new normal. If you want to declutter your finances and streamline the accounting process, you have an excellent option. You can switch from traditional accounting methods to cloud-based software like Xero. While every business must do it at some point, you may need to do it sooner rather than later. Here are the signs you must embrace cloud-based accounting right now.
Business
So you have a promising startup and have been busy pulling out all stops to ensure that it blossoms. As a business owner with a huge penchant for success, you have adopted all strategies designed to facilitate the growth and development of your company. You hired the best minds and adopted the best working principle and marketing strategy to ensure that your business is visible online and offline.
After endless brainstorming and development of new business models, the next thing your start-up needs is sufficient funding. Like any other entrepreneur, you want to take this great idea to the next level with high hopes of succeeding. But if the recent statistics are anything to go by, there’s a huge risk your idea may never transition into a business as you expect.
Thinking about running a self-employed contracting business? You’re not alone. According to the US Bureau of Labor Statistics (BLS), there are 9.379 million self-employed contractors in the United States as of November 2020.