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Are you ready to fix your finances? In my latest video that’s exactly what I’m talking about!
These are strategies I’ve put in place as way to reduce stress and gain more freedom as a business owner. And I always share my ideas and strategies to help you too!
I mean, no one wants to be tethered to their desk or the phone all day, right?!
But what about your money?
Your business finances need a system too — and no one has learned that lesson more than I have these past few months. I’ve struggled with my money mindset and the stress that being self-employed has brought for many years.
In fact, I actually have over $10,000 of business debt from investments or bad calculations from self-employed taxes. I’m sure you can relate to a lot of this too.
But thankfully, I’ve made a TON of progress this year and finally found some solutions to get on top of my finances for good.
3 reasons why your money needs a system
In other words, it’s something that’s easily set up and then runs on autopilot so it’s less stressful and less demanding.
Are you ready to get your money to work for you — instead of letting it hinder you from greatness? Here are the top 3 reasons why your business needs a system right now.
1. Your business is small and just starting out
The best thing about putting a financial system in place right now, is that you’re small. Your business isn’t huge and you’re less stressed than you would be if you had to create these processes if you were bigger (and had more people to manage or bills to pay).
In other words, you can create these systems correctly without feeling rushed. Then you’ll have more time to audit your process and see where you can improve and streamline even more.
It’s a fun process that’s always evolving, and since you’re small you can start off with a solid foundation now! Instead of waiting until you’re big and having to create everything on the fly.
2. You want things done YOUR way
You’re a control freak who wants things done your way. I can SO relate to this and this is one of the reasons why I’m BIG into systems and processes.
For example, client invoices will get billed correctly and paid on time. You can set up a process for following up that gets results, but isn’t pushy or demanding.
With the right system, everything can be done the way you want it, in your voice, with your words, and with your professionalism. It’s your business, your rules! And a system makes sure that things are done YOUR way.
3. You want to scale but still have freedom
The final reason why your business finances need a system right now is that you want to grow and scale but with the freedom and flexibility that you crave. I mean, that’s why you wanted to be your own boss, right? No more having to ask people for permission!
Since implementing all of these business systems and money processes in my own life, I’ve been able to work less and get more done every day. Seriously! I check in with my money once-a-week and I have multiple bank accounts and awesome financial apps that do the heavy lifting for me.
This gives me the freedom to accomplish TONS of stuff on my own — without having to hire a large team — and still have the flexibility I want. I can jump into my business and finances regularly to make sure everything’s moving smoothly — the way that I want.
Why your money needs a system now
One point I really want to make before wrapping up is that procrastinating on putting these systems in place is only going to hurt you. It’s best to establish a good system (even if it’s a simple one) right now versus waiting until you NEED it.
Warning: don’t expect these systems to work when you’re in crisis mode. This is why you should have them in place BEFORE the launch happens, or the crazy financial emergency happens.
So, think about one part of your finances that you can start simplifying and creating a system for right now. It could be your client invoices, or a follow up payment process, or categorizing your bills in bookkeeping software. Sky’s the limit!
But the goal is to start now and don’t wait until you’re too stressed to even fucntion!
Free: Self-Employed Budget & Debt Workbook
Get the free debt workbook, with the expense and income worksheet, so you can master your debt for good! It comes with a bonus self-employed budgeting template!