Having your own business is a dream for many people. Doing what you love and being your own boss are just a few of the benefits. There are downsides. There are the hours you have to put in. There are also all the decisions you have to make. You have to wear multiple hats. It helps if you have a business degree. Most people starting their own businesses don’t. In fact, within five years of starting a business, only about 50% have survived. One reason for the failure is not knowing the business part of business. It can be confusing. There are thousands of legislative rules and laws to be followed. Taxes are also overwhelming. They come with ever changing rules, brackets and schedules. There are also financial aspects of running your own business. People have difficulty creating and following their own personal budget. Doing this for your small business is even more important. Having an accounting consultant can help by letting the consultant focus on business part while you focus on the core activities of your business.