There are many reasons why most small businesses will always struggle financially, and why so very few business owners will achieve Financial Freedom.
There are things that the financially successful people do, and have done, to get to where they are. They didn’t get there without learning and doing some very specific things!
I obsess constantly looking for ways to help our 121 clients and Academy members build their own financial security, and to make sure they’re among the success stories, not the ones who endlessly struggle.
So I’ve been upgrading the membership program over the last weeks which is why I’ve been a bit quiet. I’m feeling very proud of the new content; and we’ve brought on some new services to help you make faster progress on finding Your Number and getting your Vivid Vision designed.
Introducing Financial Freedom Success Pathway – ALL of the elements you need to build financial freedom using your business.
It’s built around 3 levels – Strategic, Financial Skills and Information, and Financial Results.
Here we cover financial mind set and beliefs as they have a dramatic impact on our ability to create consistent profits, the need to have marketing that works – otherwise you’ll always have random and inconsistent results, and time mastery
#2 Financial Freedom
What it is, what it means to you, how you define it, and the rules for creating it
#3 How much is Enough?
Finding out how much money you need to create your own Financial Freedom, AND introducing our new partnership with life planner Simon Phippen who’s created a bespoke service to help you find your number quickly and easily.
#4 Vivid Vision
The most powerful and exciting way to create your plan for the next 3 years that I’ve ever found. This includes a step-by-step guide to getting your vision created and embedded into business, and a new service with our favourite copywriters and designers to get your Vision out to the world.
#5 Your 12 quarter plan
Breaking your Vivid Vision down into a 12-quarter plan so you know exactly what you need to do each quarter. This then drives your quarterly planning sessions.
#6 What makes your business valuable
Build your business as IF you want to sell it and understand what creates value in your business – even if you never sell you’ll have a more profitable and cash-rich business
#7 Cash Flow
Critical to financial success is the ability to control your cash flow, build your buffer and investment cash so you never have to worry about cash flow again
#8 Financial Skills
Something that is too often delegated (abdicated!) but is a core pillar to the success of a business. A business owner who understands their numbers is SO much more likely to create a financially successful company
#9 Financial Information
Having the right information at the right time is mission critical to controlling a business and making sure it’s consistently profitable with strong cash flow
#10 Financial Controls and Processes
Important at any stage and size of business and becoming increasingly so as a business grows to keep your money safe and protect profits
#11 Improve Profitability
Every business needs a profit focus, so a consistent approach to improving profitability right across your business is a must
The final level of the pathway is where you measure your financial results – and achieving the milestones of having all your taxes put away, having 3-6 months buffer cash and investment cash put away, be earning enough personally and putting enough in your pension for you to KNOW financial freedom is on track, and to be consistently making enough profit and cash to have certainty that your business can continue to invest in your future.
Academy membership opening to new members in the next few weeks
We’ve been running the membership for around 7 months now and it’s thrilling to see the progress our founder members are making; seeing their Vivid Visions launched to the world, putting in place the disciplines and controls, learning new skills to manage their finances, and turning up at the quarterly planning and monthly results sessions – becoming so focussed about creating superior and consistent financial results in their business.
And we’ve been through a couple of content upgrades, so I’m feeling really happy that we’re ready to start bringing new members in to join us.
So we’ll be opening the doors again in a few weeks and welcoming our next members; but there will only be a window of a few days to join, so keep an eye out for announcements. I’ll let you know when registration is open.