06 I Reshaping Your Business Finances In the Midst Of Uncertainty w. Brooke

Today I’m sharing a special bonus episode in my Money Files series. This conversation centered around business finances and I talked to my client, Brooke who felt unsure of how to manage the financial aspect of her business. Brooke is a mom of two and a business owner. After two years in her business, she decided she needed to get her mind right with her business finances and start paying more attention to what money was coming in and going out. Not knowing exactly how much money was going in and out of business meant she wasn’t able to pay herself a predictable salary or invest in her business without debt or worry. She saw how putting a plan in place for her money would help her to be able to achieve personal goals like giving back to her church, which motivated her to get her financial plans in place. In this episode, we talk about how knowing her numbers changed everything for her and allowed her the freedom (and peace of mind) to know that she could take calculated risks in her business. We explored what her money dates look like and how having these helped her to navigate the ups and downs of business income (especially during the pandemic). She shared her breakthroughs of going from feeling like things were sneaking up on her financially to knowing about expenses before they happened. Here are just a few things you’ll learn when you listen in: How Brooke felt lost and didn’t have any systems in place to handle her business finances. Brooke’s revelations about putting money aside for goals like giving back to the church and how this process put things into perspective for her. Why the process of going through her expenses was the hardest step for her. How knowing her numbers has allowed Brooke to take calculated risks within her business like investing in a social media manager. How having a bi-monthly money date with herself has prepared her for the ebbs and flows of business income. How having a spending plan has helped Brooke set clear income goals and pay herself consistently. Brooke’s thoughts on how investing in a financial coach have supported her in managing the numbers in her business. Her advice on taking control of every aspect of your business, even if it’s scary. If you’re a soloprenuer and you want to start creating new possibilities with your finances I promise that you don’t want to miss this conversation with Brooke.  You’ll see exactly why it’s important to go beyond just categorizing your numbers. When you take the time to know your numbers as a business owner, you’ll get to do more of the things you love as a business owner.  This episode will help you see just how easy it can be to go from overwhelmed to intentional about your business finances. To learn more about how I work with clients or to book a call with me go to www.wealthovernow.com