Stop Running Your Business Check to Check with This Simple System
Sep 25, 2024Who in your life managed their money using envelopes? An envelope for food expenses, an envelope for fun, an envelope for rent, an envelope for bills. Was it one of your parents? A family friend? Is it you? It’s okay if it’s you. This is a safe space and admitting to managing your money is not shameful.
It’s a pretty straightforward system, honestly. Money doesn’t leave an envelope except to be used for its intended purpose. No spending the money for your bills on a night out with your friends, accidentally or otherwise.
Once you’ve put the money where it belongs, you’re set. Stick to your system and everything works out.
Financial literacy is not a constant unfortunately, and many people live check to check. They spend what they earn as fast as they earn it. Perhaps unsurprisingly, even people who have developed healthy money management in their personal lives, force their business to live check to check.
You’ve got one business bank account, and the amount of money in that account fluctuates depending on where you’re at in the month. Sometimes business is good and that account has more, sometimes it’s less.
In the times when there’s “more” in the account, you invest it in the business, or if you’re lucky you get to earn a little something. When it’s “less”, you tighten your belt and you’re a bit more frugal.
Does this sound familiar?
Maybe you’ve been doing this for years. Maybe you’ve been running your business successfully in this way. But is it the best way?
It’s like shopping for a car, or buying a house. At some point you make an offer that’s either the highest offer, or high enough to accept, and you are left wondering how much money you just left on the table.
The same applies to running your business, or your life frankly, in this check to check, single bank account method. You are almost definitely leaving money on the table, and there’s a better way.
I give you: ENVELOPES!
Okay but seriously there’s a better way that is similar in philosophy to the envelope method. It will give you clarity on how your business is performing on a regular basis, and it will drive you to improve your efficiency and innovation at the same time.
There is a better way.
Help me help you.
Every small business owner deserves to have the success, and the life, that they dreamed of when they started, including you.
PS: This is one of the various ways I engage with people. Many small business owners want to grow their business and improve their lives, but they’re overwhelmed and they don’t know how. As a result, I provide support and guidance to help them drive their business forward so they can focus on what’s most important.
Here’s how you get started:
- Reach out on LinkedIn or via my website to schedule a call
- We get to know each other a bit and you tell me about yourself, your business, and what your current challenges are
- Schedule a low-risk 60-90 minute coaching session to take the first step toward a solution and experience what it’s like to work together
Additionally, I’ve created a straightforward 3 step process to help you change the trajectory of your business. You can gain free access to it by clicking here.
Get all the latest strategies and tactics to grow your business!
This will sign you up for free content that will help you drive your business forward. It will go out once a week at most.
Don't worry, your information will not be shared.
We hate SPAM. We will never sell your information, for any reason.