When to outsource your bookkeeping, how outsourcing compares to hiring an in-house bookkeeper, and best practices for working effectively with a bookkeeping service.

Show Notes Page: https://www.thehowofbusiness.com/599-outsource-your-bookkeeping/

Knowing when to outsource your bookkeeping is an important decision for small business owners. As your business grows, bookkeeping becomes more complex, more time-consuming, and more critical to making informed decisions.

In this episode, Henry Lopez is joined by bookkeeping expert Jodi Arrant to discuss when it makes sense to outsource your bookkeeping instead of doing it yourself or hiring a bookkeeper in-house. They explore the common signs that indicate it's time to get help, the advantages of outsourcing, and what to look for when choosing a professional bookkeeping service.

Henry and Jodi also explain how business owners should work effectively with a bookkeeper to ensure accurate financial reports and better decision-making. Even when you outsource bookkeeping, Henry emphasizes that business owners must stay engaged with their financials and review their reports regularly.

"If you're running your business without accurate financials, you're steering partially blind." - Henry Lopez

They also discuss practical best practices for reviewing financial reports, communicating with your bookkeeper, and building the processes needed to keep your financial records accurate and useful.

Henry also shares more about The How of Business: Bookkeeping, a service designed specifically for small business owners who want professional bookkeeping support without hiring a full-time bookkeeper.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

If your leaders don't know how they're measured, you can't expect consistent performance or real ownership.

Show Notes Page: https://www.thehowofbusiness.com/598-do-your-leaders-know-the-score/

Frustrated with inconsistent performance from your managers or senior team members? The issue may not be motivation, it may be measurement.

In this episode, Henry Lopez breaks down why leadership performance problems often stem from a lack of role clarity, measurable outcomes, and transparent KPIs.

Without clearly defined metrics, even highly motivated leaders drift. Expectations become subjective. Feedback becomes emotional. And performance becomes inconsistent.

Henry explains the difference between expectations and KPIs and why outcomes, not activity, must be measured.

He walks through:

How to define company-level KPIs first

How employee KPIs must roll up to business goals

Why 2 to 5 KPIs per leader is the right number

The importance of transparency in formulas and data sources

Why ownership requires control

How KPIs improve engagement, fairness, and accountability

As Henry says, "If employees don't know how you measure their performance, you can't expect them to win."

If you want stronger leadership, clearer accountability, and more consistent results in your small business, this episode provides a practical framework you can implement immediately..

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Five practical reasons your small business will sell and how to intentionally build long-term exit value.

Show Notes Page: https://www.thehowofbusiness.com/597-why-your-business-will-sell/

Most business owners say they want to sell one day but very few actually build a business someone would want to buy.

In this episode, Henry Lopez outlines five practical reasons your business will sell and the disciplines required to build exit readiness long before you're ready to exit. A sellable business isn't created at the moment you decide to sell - it's built over years through intentional design.

Henry shares the five core elements that dramatically increase sellability:

A scalable, repeatable offer
Predictable and recurring revenue
Documented systems
Owner independence
A credible growth story

Visit the show notes page for this episode to download the Business Sellability Scorecard.

Referencing ideas from Built to Sell by John Warrillow, Henry reinforces the principle that "a sellable business is a productized business" - one with clearly defined and standardized offerings instead of highly customized one-off projects.

Whether you plan to sell or not, building a sellable business creates greater freedom, stronger profitability, and more control over your future.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com