#43 Reviving Your Small Business Finances: Tips to Get out of the Red and into the Black

Have you hit a rough patch and found yourself in the red? This is the episode to help get you back on track! We’ll be going through practical tips to help you turn your finances around and get back on track.

We’ll look at how to revive your small business finances by simplifying, focusing on increasing revenue through easy steps, understanding your financial situation, seeking professional help, and examining any potential funding resources you can investigate.

Don’t overcomplicate it. Look after the cash that you have and make sure things are going to go the way that you want them to with proven popular products and services. I’ll then talk about strategies for increasing revenue, including up-selling and cross-selling, using add-ons, and making it really easy for people to buy from you.

Do you have a complete understanding of your numbers? I’ll take you through how to get a clear picture of your business’s current financial situation. This includes understanding your cash flow, profit and loss, expenses and debt. 

Running a small business is a very tough gig and can be super stressful, not only financially, but for you personally. It is not weak to ask for professional help, and there are so many resources and services you can depend on.

By the end of this episode, you’ll have a better understanding of how to take control of your small business finances and get back on the path to success. But remember, Rome wasn’t built in a day, and neither will your business’s finances be fixed overnight. But with perseverance and a solid financial plan, you can get back on track and see your business thrive!

PREVIOUS EPISODES MENTIONED:

• Is Cashflow The Reason You’re Not Growing
• Profit Strategies: how to manage your money right

HELPFUL RESOURCES:

Connect with Lisa Turner:

Instagram: @accountedforyou
Website: https://accountedforyou.com.au/