Are You Making This Common Mistake with Your Business Financials? - Ep 178

Taking a pulse on your business financials now can set you up for success in the latter half of the year, but many business owners are afraid to review their numbers. In this episode, Danielle Hayden helps business owners overcome this fear and view mid-year financial reviews as an opportunity to realign their financial goals and strategies. She speaks with Kickstart Accounting Inc. team members who share how to prepare for mid-year check-ins, what to discuss with your bookkeeper, and how to use this data to adapt your financial strategy and end the year strong.  This discussion provides insights on managing expenses, increasing profitability, and working with a money team to achieve your business goals. Whether you're on track to meet your goals or uncertain about your progress, tune in to understand how to leverage mid-year check-ins and drive your business forward!   Key Takeaways: Mid-year check-ins are the perfect time for business owners to review financials, assess progress towards annual and quarterly goals, and make any necessary adjustments to their business strategy. Understand the importance of communicating with your bookkeeper, including sharing business updates that are crucial for accurate financial planning. Discover how to overcome the fear of financial reviews and work with your money team to reach business goals. Uncover common mistakes business owners make with their financials and how to avoid them.   Topics Discussed: What bookkeepers need to know from business owners (0:25) Why so many business owners fear mid-year financial reviews (2:32) Questions to ask your bookkeeper (3:34) The benefit of having a money team (5:28) Using the mid-year check in to plan for next year's goals (8:50) How Kickstart Accounting Inc. creates a collaborative, safe space for clients (10:54) Assessing your yearly goals at the mid-year checkpoint (17:00) Leveraging comparative data: a client success story (18:35) Why business owners should work with a bookkeeper (23:04)   Resources: For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc