Do you love managing the finances of your small business? The typical response to book management and finances is enough to put a small business owner into something that resembles a small child, hands over ears “I can’t hear you…”
With all the reading and research I have been doing on the subject this seems to be the general feeling regarding finance management. Its complicated, its stressful, not to mention time consuming. I know, I know, you have so many things to do as a business owner, you just don’t have the time or patience and you’ll look at it later with an accountant. I am here to tell you, I read a great article about what we dread as small business owners and why we shouldn’t.
Xero had a really well outlined plan as to how to stop ignoring your finances, how to plan ahead for the ultimate success of your business and your sanity. One particular thing that really made it all make sense and drive home the importance of being proactive was this direct quote,
“Put financial management at the heart of your business”
If you love what you do, than it is up to you to keep it alive, and not just alive but thriving! One of the biggest reasons that businesses fail is because they don’t plan ahead, or have realistic financial goals or know how to meet them. By taking time weekly, fifteen minutes or so, to assess the current financial status, allows you the opportunity to adjust situations accordingly, and you won’t be surprised if you stay on top of what is happening. This article is a great straightforward resource.