Do you want to know How to change your attitude towards money in your business?
It's natural to be thinking about money, talking about money, and planning what you're going to do when you make money. But let me ask you a question! How often do you look at your numbers? I don't mean looking at your bank notes but looking at the numbers in your business.
I am going to share three tips on how you can change your attitude towards the way that you look and talk about the finances in your business.
Why you need to change your attitude to money
You need to change your attitude to money if you want to survive and thrive!
If you're not happy with the way things are going in your business, it's time for a new perspective. It's time for a new attitude towards money. That means taking control of your numbers and understanding them better than ever before. Your success depends on it!
Whether you're just starting out or looking for ways to grow, this video and blog will help you take charge of your financial future by changing how you think about money. Learn how to make smarter decisions about spending and saving, so that no matter what happens in life – whether good or bad – there'll always be enough money coming in the door each month.
You don't have to worry about being stuck at square one again because now we can show you how to get back on track when times get tough. It doesn't matter where you are right now; all that matters is where YOU want yourself and YOUR business go next! Read on to find out more.
If you’re looking for a way to grow your business, it starts with the numbers.
Focus on the key numbers!
The first step in How to change your attitude towards money is what numbers to focus on. Profit and cash. Firstly, don't focus on every single conceivable business number, focus on the key ones. Your business, whatever type, size and shape needs to focus on two key numbers. Do you want to know the two key numbers for your business?
Profit and cash. The two headline numbers are profit that you make from what your product sales are now and in future. Moreover, you need to know how much cash is coming in and out of your business now and in the future. If these two numbers don't add up then it's time to take a look at how things are going. You can use this information as a guide for making decisions about where to allocate resources or if there needs to be adjustments made on pricing or marketing strategy.
This knowledge also helps keep an eye on any potential problems before they become too big of an issue! Don't wait until there's a problem before acting; start by focusing on these two key numbers today!
Keeping good records is important.
The next step in How to change your attitude towards money is about keeping good records. If you're somebody who shoves their paperwork in their glove compartment, uses spreadsheets and bits of paper, then stop. Nowadays you need to plug into digital world or digital accounting. When I say need to, it's an absolute must, it will save you time, energy, money, and ball aches. It's a good thing to do!
Keeping good records is a pain in the butt. But it doesn't have to be! With digital accounting, you can keep your books with just a few clicks of your mouse. You'll never need to worry about lost receipts or messy piles of paperwork again. Plus, you can access all your financial data from anywhere and at any time – even on the go!
Don't waste another minute struggling with paper-based bookkeeping tasks that take up way too much of your time and energy. Check out our free Guide to Digital accounting, Release The Power in You.
Do you want to be in control of your business?
Lastly, if you want to know How to change your attitude towards money then make a cashflow plan!. A cashflow plan is the third thing you need for your business. It's not just about making money; it's about knowing where that money will come from and when. It's also about understanding what expenses are coming up in the future so you can prepare for them.
Once you have a twelve-month cash flow plan, it becomes clear how much money is coming in and going out of your business every month. You'll be able to see if there are any problems with your finances before they become big issues. And once you're on top of things, it feels good – like this weight has been lifted off your shoulders!
A cash flow plan will help keep things running smoothly so that one day soon you'll be on top! If you want to take charge of your cashflow then book now for my FREE upcoming webinar session FREE Take charge of your own Business Cashflow ABC Method.
Changing your attitude to money is vital for your business. I hope this has helped you with How to change your attitude to money. I'd love to hear what you think about Money. Take part in our 2 minute survey, with a chance to win a £50 Amazon voucher!
Our FREE online business calculators are here to help you get a better understanding about your numbers, making profit, giving you options, saving you time, improving your money mindset. and setting your goals.
Get a better understanding of your numbers. Type in your numbers and see what they say!
Get in touch with us to see how we can help you with your business, accounting and tax needs. For more business and finance , news, advice and tips, don’t forget to watch our weekly broadcasts, listen to our weekly podcast I Hate Numbers.
I hope you found this useful. Please share it with your friends and colleagues. Have a fantastic week and see you on the other side.