As part of National Small Business Week in the U.S. next week, Peter Karpas, our new Xero CEO of North America, shared his thoughts on the key challenges small businesses face today and the next big thing that will shape them in the future.
As the son of an entrepreneur and an accountant with more than a decade of experience work with small business owners, Peter offers this key bit of advice: “Know when to do it yourself, know when to do it with help, and know when to get someone else to do it for you.”
He elaborates by saying that:
“Many small business owners I talk to want to do it themselves. They think they are saving money by not hiring a bookkeeper or accountant. So they spend their weekends doing their accounting on their own when they could be growing their business or spending quality time with their family. Then there are other things that they should do themselves but they outsource them instead. So think hard and make thoughtful choices about what you do or do not do. But always keep in mind, the more you do yourself, the less able you are to scale.”
Read Peter’s complete interview on the San Francisco Small Business Week website.
To celebrate the contribution entrepreneurs make to society and the economy, Xero is sponsoring San Francisco Small Business Week, which is where Xero in the U.S. is headquartered.
You can find out more about what’s happening at Small Business Week, including kick-off events at Square and Twitter headquarters, on this page. We’ll be holding sessions on May 14th about:
About National Small Business Week
Every year since 1963, the President of the United States has issued a proclamation announcing this week, which recognizes the critical contributions that entrepreneurs and small business owners make to our society and economy. In fact, more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year. National Small Business Week includes local events in key cities across the country.