Recording and capturing your numbers is a must do if you want to take your business seriously. Last week’s podcast looked at the how bookkeeping gives life to your financial and business activities – and helps you make money.
In this episode of ‘I Hate Numbers’ I am going to look at the options for keeping your financial records, the pros and cons, my thoughts and suggestion.
Your numbers are your best business friend
Watching paint dry, taking a cold sales call, or a poke in the eye with a sharp stick seems more enjoyable than dealing with, and recording your numbers.
They make you accountable, showing you the impact of your successes and fu** ups. To Above all, learning to love & use them means you a better chance of making money, what is not to love Numbers have feelings & are the misunderstood actors that give life to your business script.
Manual v digital systems
Recording and Accessing your Numbers comes down to basic choices. You can either go manual, which to me is spreadsheets (electronic pen and paper) or tap into the Cloud. Each has their pros and cons, make your decision not on how big your business is, but where you want your business to go.
In the Business Number world Cloud Accounting is the new kid on the block. Born into the NetSuite family back in 1998, its only friends were large & rich business types. Smaller businesses just pressed their noses against the Cloud Window & looked enviously in. Face forward to 2010 and then accounting on the move came about.
Your business no longer must be chained to your desk to record financial data, & gain insight into your business story. A decade later and the cosy club of Cloud Accounting has opened its doors, and adolescent businesses rub shoulders with businesses that are older and bigger.
Good to know
When you have mastered numbers, you will in fact no longer be reading numbers, any more than you read words when reading books. You will be reading meanings.” W.E.B. Dubois.
Grab a coffee, make yourself comfortable, sit back and listen.
I love doing this podcast and sharing my love of Numbers with you. Check out the link to subscribe and don’t miss an episode. Help me spread that Number Love by sharing it this podcast and others with your network.
Pro Active Resolutions
The Numbers Crew – The numbers crew here to help you!
In this episode
- Knowing the options for how to keep financial records
- The pros and cons of Manual v Digital Systems
- Understanding the power of Numbers
- Developing your own Numbers confidence and decisions
- Take more control of your numbers to help make you money, survive and thrive