Hiring vs. Learning

[ltn1dr]

Recently I made a post on my blog about where or not you should hire someone to do something such as accounting and forming legal entities or learn how to do it yourself, and I'd like some input.

I made a post about this on my blog.

 

[GuyFromOz]

JUST BUY BOOKS AND READ ARTICLES

That's fine if you think you have lots of spare time.

It all comes down to how much you value your time. If you put a $$ amount on your time, I'd get someone else to do it nearly every time. (accounting, setting up legal entities etc)

 

[John]

I hire a lawyer and an accountant to do it. It saves a lot of time and I can have the peace of mind knowing that it was done right. A good accountant can be worth his weight in gold.

 

[ltn1dr]

Guess I'm the only one who thinks learning is the better option

Maybe its because I want to study accounting in college....

 

[wdmny]

Guess I'm the only one who thinks learning is the better option

After doing your own taxes with all the schedules for your non employee based money, tell me if you still want to do it yourself . For 05 I had about 5 schedules to fill out (stock sales, schedule C, self employment, etc..) and it cost me extra postage to mail it because of the weight.

 

[Jan]

BOTH!

You should learn enough so that you know if they are doing their job and are doing it correctly and ethically.

They already put the time in to learn...why double up? Spend your time where your heart and talent is. If your heart and talent is w/numbers or the law....go for it.

 

[rembrandt]

Essentially you can't do everything yourself or you'll never get anywhere. If you have the skills because that's what you do then great but if you don't and you really don't want to learn it then give it to someone who knows what they are doing.

 

[$5 Submissions]

Outsource and expand, baby!