Paperwork chaos hurts business results in three ways.
First, fighting the paperwork monster uses big chunks of the owner’s valuable time, seriously hurting productivity. Lacking time, the owner never gets around to working on strategy, analysis, and systems.
Second, paperwork chaos directly impacts the bookkeeping system. Bookkeeping is based on an orderly flow of paper. So long as the paperwork in the business is in a state of chaos, you can’t get control of the books.
Third, paperwork chaos hurts the business by affecting relationships with customers, suppliers, and partners such as banks.
In the video below, I provide more details on these three problems. I also provide information about how a business can fix its business problems by going paperless.
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