It’s a really inconvenient truth that without basic financial controls and information, it’s very difficult for any business to be successful. And no amount of ignoring it or winging it will get you where you want to (I’m assuming here that you want more than to struggle?)
And if you’re trying to grow your business, not having strong foundations will sabotage your growth plans time and time again. Holding you back with cash flow worries and feeling out of control.
I get to speak to a lot of business owners, and I see their pain and frustration that they’re putting everything they have into their ideas, into their business. But they’re frustrated and held back by how their business performs.
Because every business needs to be built on a solid financial base
Imagine if you will a platform with 4 pillars supporting it. And your business is sitting on that platform.
This platform is your financial base.
And these supporting pillars are:
- Accurate book keeping with robust processes and controls
- Strong financial skills, so you never have to abdicate your financial understanding to someone else (and have someone cock things up for you)
- Monthly management accounts that give you full future visibility of your whole business
- A financial strategy so you know exactly where you’re heading
And without these pillars in place, your business may always struggle.
It will always sit on a precarious financial base.
Remember the Deep Dive report I published a few weeks ago? Why your business isn’t working financially and what to do about it? That’s based on these very pillars. And it explains why these fundamentals are so important to any business owner who wants to achieve more than to just “get by” (and you can still download it if you didn’t get chance before –just follow this link)
And if you haven’t got this strong financial base in your business?
What do you think it will it cost you to keep doing what you’re doing?
What will it cost your future?
When you look back at your business and your life in years to come, will you be happy with what you see?
And what’s stopping you taking control of your finances? I promise it’s easier than you might think!