So you’re running your own business but money talk makes you want to hide under the covers? You’re not alone! Many business owners feel out of control when it comes to their finances and that they are being controlled by fear or lack of knowledge. But here’s the good news – you can take steps towards money confidence so you can feel like the boss you are!
First up, know this: Money confidence isn’t about having a huge money pool you can swim in. It’s about understanding where you stand financially so you can make informed choices. Money confidence is the pathway to financial freedom.
Money confidence looks like:
- Being real familiar with your living costs and savings goals, having a clear picture of what your business needs to provide for your lifestyle.
- Being clear on any debts, and having a plan to pay these off.
- Knowing what’s going on within your business financially.
- Setting reasonable targets for sales and profit and having an action plan to hit them.
- Knowing you are actually making a profit and can pay yourself, or give yourself a pay rise!
- Feeling in control of your business, rather than it filling you with dread.
- Knowing when to ask for help, and having the confidence to do so.
With this money intel, you’ll be able to spot potential cash flow problems ahead of time. Then you can adjust instead of panicking.
So where do you start?
The first step is looking at what success looks like to you, then getting real familiar with your personal finances – lay it all out, warts and all. Then you’ll be able to look at where your business is and where it needs to be.
Once you have all this information, you can then put a plan together to get you to where you want to be!
All this knowledge and planning sounds equally scary and boring but it leads to something magical: money confidence. No more opening bank statements with dread, or hiding those brown envelopes from HMRC! No more sticking your head in the sand. You’ll have your head in the game and can make empowered choices.
Check out our PPF Masterclass: Money Confidence 101 to start your journey today!
Ready to take control?
Running a business is tough but you’ve totally got what it takes. Need some help? We’ve got you – with our Money Confidence Program, you’ll start feeling like the badass boss you were meant to be! Money confidence puts you in the driver’s seat on the road to financial freedom, let us help you get there!
