𝗪𝗲𝗹𝗹, 𝗧𝗵𝗮𝘁 𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗲𝗱 𝗤𝘂𝗶𝗰𝗸𝗹𝘆: 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗳𝗿𝗼𝗺 𝗕𝗲𝗻𝗰𝗵’𝘀 𝗙𝗮𝗹𝗹 by Crystal Temple-Frawley The sudden closure of Bench Accounting has left many in the small business and bookkeeping worlds reeling. Bench, a Vancouver-based company founded in 2012, combined software automation with human bookkeepers to offer online bookkeeping services. With over $100 million in funding and 650 employees, Bench was a major player in the field, which makes its abrupt shutdown all the more shocking. It’s a bit like watching your favorite TV show get canceled mid-season with no warning—you’re left wondering what just happened and how to pick up the pieces. This development highlights an important truth: even a model combining cutting-edge technology and live bookkeepers isn’t immune to failure. While technology and human expertise together can deliver incredible value, they still depend on the stability and sustainability of the business itself. A company’s success is about more than just the tools or the people—it’s about how everything works together, backed by a strong foundation and strategic planning. In other words, you can have the best ingredients, but if the oven’s broken, your cake is still going to collapse. READ THE FULL ARTICLE HERE: https://lnkd.in/eQRbMFQD
