Make Finances Your Flex This Feb

flatlay on white table with silver laptop, pink phone, white notepad and pink spiral bound notebook.

Alright, January has been and gone. You’ve (hopefully) completed all your planning and set your business goals sky-high. Now you’ve got that sorted, it’s time to make finances your flex. Because guess what? Without your figures in tip-top shape, you won’t be able to reach those PBs with ease.

I’m skipping your warm-up and going straight into a plank by saying this but I’m ripping the bandaid off early.

Drop The Financial Facade

It’s just me and you here, so there’s no need for pretences. Ok, take a deep breath and answer the following questions:

  • Do you enjoy data entry/money management/financial forecasting/processing transactions, or anything that falls in the bucket? YES / NO
  • Are you committed to consistency and will you prioritise managing the money side of your business? YES / NO
  • Do you have the capacity to facilitate the flow of your workload and the financial to-do’s? YES / NO
  • Are you confident in your numbers know-how and on top of your obligations as a business owner? YES / NO

How did you go? If you answered honestly and there was more than one NO, it’s time to make some changes. Sure, you can keep the facade up and pretend you have the time and know-how to manage your finances, but you’re only hurting yourself if you do.

So before you go any further, it’s time to decide how you’ll proceed. You have two options:

  1. Upskill in the areas you don’t understand or find difficult.
  2. Realise numbers aren’t your thing and hand them over to someone who adores them.

Trust me when I say making the choice is the hardest part. Once you’ve decided, you’ll feel a weight off your shoulders. 

Woman in white top, pink pants leaning on a wall, hand on her forehead holding an ipencil, looking at her ipad

If you’ve chosen to continue, it’s time to get serious.

Consistency: Commit to Your Financial Health

Consistency is key when it comes to managing your finances. Set aside time each week for basic tasks like updating your books, tracking expenses, and reviewing your financial reports. 

Additionally, carve out a monthly slot for strategic planning, where you assess your progress, adjust your goals, and plan for the future. By making financial management a regular habit, you’ll stay on top of your game and avoid last-minute scrambles come tax time.

pink background. White round small clock, with green one hundred dollar notes fanned out behind it.

Not sure where to start? Check out my Resources to get professional guidance for $0.00.

Make Your Money Work Harder

Think beyond just balancing your books – it’s time to make your money work harder for you. Consider paying your expenses annually instead of monthly to take advantage of potential discounts. Investigate smarter ways to save, whether it’s switching to more cost-effective software or negotiating better rates with suppliers. 

And don’t forget to value your worth – consider increasing your fees by just 5% to reflect your expertise and the value you bring to your clients. These small tweaks can add up to significant savings and growth opportunities for your business.

desk flatlay with person writing in white notepad, typing on pink calculator, with note pad and crystals scattered around.

So, there you have it – the keys to making finances your flex this February. Whether you choose to tackle it yourself or pass the reins to a trusted expert, committing to consistency and smart financial strategies will set you up for success in the months to come. 

Here’s to making those gains all year ‘round!

Lisa x

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