144 Financial Intelligence: Know Your Numbers

In this episode, we talk about something that makes many of us uncomfortable: financial numbers. As an entrepreneur, it is so important to know and understand the numbers in your business, where to look, and what to be tracking. Whenever we talk about numbers, we see the fear it triggers. This episode is packed with our tips for tracking your data and using it to make realistic predictions. We also discuss the value of separating your personal and business finances, as well as how to maximize the skills of an accountant in the not-so-sexy world of bookkeeping.  By the end of this episode, you’ll walk away no longer feeling fear or shame about the numbers in your business. If you want to take control of your money, know how it is working for you, and make smart decisions toward financial independence—this is the episode for you! Key Points from This Episode:    Why so many entrepreneurs, especially women, fear and avoid looking at their numbers.   Why women need to dream bigger and work toward ultimate financial independence.   Discover why the only way to look at your numbers is as 100% neutral—no judgments!   How to examine the feelings you have around your numbers and recognize the results.   The importance of celebrating your wins and your sales to help eliminate fear and dread.   Find out how to use data to make realistic predictions about your launches and sales.   Top tips for separating your personal and business finances in the USA and Canada.   The importance of manually tracking everything that comes in and out of your bank account.   Why paying for an accountant to prepare and plan your taxes is crucial to your business growth.   Why taking ownership of your life and business often means asking the “dumb” questions. (There are no “dumnb” questions.)   Words of Wisdom: “You will never have any amount of success if you run away and bury your head in the sand from your numbers.” “Find a great accountant that you’re comfortable with and know that their job is to answer your ‘dumb’ questions.”   Links Mentioned in Today’s Episode: Bench Become an Online Teacher Beta Launch Lab Namastream   Joy: Meet the Frugalwoods: Achieving Financial Independence Through Simple Living Hustle: Stripe App