Marcus is a self-employed marketing consultant.He is good at helping his clients with their marketing challenges; however,he is not keeping up with billing his clients regularly or keeping track of his hours.He feels like the time he spends on these functions is taking him away from activities where he has more talent and ability.His small business needs to bill clients quickly to keep the business running.What would you recommend that Marcus do?
A)better prioritize the business activities
B)invest in an ERP system like the big guys
C)vertically integrate the accounting function into the business
D)outsource the accounting function to another firm

Question

Quizplus · Accepted Answer

Outsourcing the accounting function to another firm would allow Marcus to focus on his core competency of marketing and free up time to bill clients promptly, improving the cash flow of the business. It would also ensure that the accounting function is handled efficiently and professionally without requiring Marcus to invest in expensive ERP systems or hire additional staff.

Marcus Is a Self-Employed Marketing Consultant