Wednesday, 16 November 2016

Matthew Tercsak - Why All Business Leaders Need Accounting Skills

Matthew Tercsak came to the business world from the retail sector. He started his own business, Mystik, Inc., a retail shop in Orlando, Florida in 1995 and quickly found new ways to use his experience and skill managing employees and being responsible for many business operations, as he was as a manager for another store in Pittsburgh. Tercsak took over many regular business operations for his new company and built its reputation from the ground up. Managing a business takes many skills and all of his time, but Tercsak finds it hugely rewarding and loves providing products for his community. 
                                    Matthew Tercsak

Matthew Tercsak quickly found that his skills managing payroll and his basic understanding of accounting were greatly needed. He learned quickly and soon began managing his employees’ payroll concerns and his business’s budget and income. All business leaders need accounting skills to effectively manage their businesses so that they can find ways to cut costs while still increasing income. Budgeting is one of the most important skills all business owners need to make sure that they are not headed for debt when they don’t need to be. At a certain point, it pays to hire a dedicated accountant, but often, when first starting a business, it’s not cost-effective yet, so small business leaders have to work on their balance sheets on their own. 

Matthew Tercsak has built Mystik into a successful business by applying his experience as a manager in Pittsburgh in a retail setting to Mystik. He has learned much over his career.