Is Being a Distributor a Long-Term Business?
Ask the Accountant…
Question: I have been a distributor for over 25 years, and would like my daughter to take over my business in the next five years. She is concerned that being a distributor is not a long-term business. What do you think?
Answer: Being an ad specialty distributor is definitely a long-term, lifetime business. It can also be a family affair.
I work with many distributors who have been in the business for decades, and who are successful and active well after the age of 65. Because it is their own business, they have the option to scale back a bit over time if they like or keep going at the same pace.
Studies have shown that people who continue to work beyond traditional retirement age can be healthier both in body and mind.
If Mick Jagger is still going strong, why not us?
Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty Ddstributor of 23 years. She advises ad specialty distributors about using QuickBooks Premier and Enterprise, and SAGE Online to save time, eliminate errors, and correctly account for your business. Her specialty is converting distributors from ProfitMaker, SmartBooks, OrderMaster, AIA, Proforma and other accounting systems.
Please email accounting questions you would like considered for the column to HGatter@AccountingSupportLLC.com with the subject line of "Ask the Accountant".