Tune Up Your Small Business Finances

Successful businesses almost always have their finances in order.
Struggling businesses don't. Discover whether financial arrangements are helping or hurting your growth.

Yes, you’re making money. But you don’t have a secure foundation and you feel like your finances control you, instead of you controlling your finances.

One of the first things I look at when coaching a business is their finances. You can’t grow a business through guesswork. It takes an analytical and data-driven approach to manage your money and ensure you’re working towards financial health.

Together we’ll improve your relationship with finances and create a healthy, profitable business that gives you the freedom you’re looking for.

Forecasting, Budgets & Reports

Most businesses I speak to have problems with overdue invoices, debt, and severe budget & forecasting concerns.

How do they get in this position with their small business finances?

It’s usually the result of TWO factors:

#1 - Bad reporting

#2 - They hate bookwork

Sound familiar?

As a business coach, finances are at the top of my list to ensure you’re not held back by reporting issues or a broken book working system. You don’t need to love numbers, or spend hours every week mastering Excel spreadsheets. I’ll help you to introduce simple systems of reporting and analysis that save you time and effort.

When reporting and analysis are simplified, you’ll find budgeting and trend analysis become second-nature, and the financial health of your business improves.

Debtor Control

It’s rare to see a small business with good debtor control. But establishing boundaries and routine is critical for cash flow and company culture.

This won’t sound unfamiliar to you - as soon as you attract regular customers they start believing they can use YOU for their cash control.

This is crazy because your customers pay their phone bills on time and their power bills on time, but stretch you to ridiculous periods and lengths because they think you “need them”.

As a coach, debtors are the first problem I’ll help you resolve, mainly because they contribute to your debt problem, reduce your profits and make it hard for you to pay your creditors.

Separation of Small Business Finances & Personal Finances

If you take random amounts from your business to use in your personal life, then your business is broken. Separating your business and personal finances is critical if you want to grow your business.

It’s one thing to start a business with personal finances, but if you’re continuously linking your business to your personal assets, you’ll quickly hit a ceiling on your potential growth. The key is to separate your finances and give your business its own financial credibility.

As a coach I’ll outline the steps you need to take to change the way you operate so that lenders will treat you with respect, and you’ll be able to enjoy financial freedom both professionally and personally.