Do you have your head in the sand when it comes to numbers in your business?
As a healer, helper or coach, it is easy to get caught up in wanting to be of service to your clients, and put financial need on the back burner. But you are running a business not an expensive hobby, so if you’ve been avoiding this aspect of your business, let’s take a small action together now.
Step 1
Status Update (AKA Profit + Loss)
Set up a income and expense tracking process . Wave is a free software which is easy to use, there is also Freshbooks, Xero and many more.
Hire a CPA
Enter in all your transactions for this financial year - you can do them by month if easier, start this month and work backwards.
Work out your current financial position
Step 2
Set Financial Goals
Write down your quarterly, six monthly and year 1 , 2 goals.
How much income do you need and want to receive?
How many hours do you need and want to work to achieve these goals?
By answering these questions you can start to put a plan in place
Step 3
Action: 1, 2, 3
List everything that needs to happen to acheive those gaols. BIG Braindump.
Review your list thoughtfully, then select the top 3 Action-oriented items. These are the three things that must happen to get you on the path toward your goal.
Set a timeline to complete those three tasks
Get support and accountabiilty to maintain that committment.
Once you have worked out what you need to do work out a plan on how to achieve these goals: maybe you need to…
Book more clients each week
Raise your rates
Create a high-value product / package / service
.Launch an online course
Develop a series, training, or certification
Get comfortable with selling
Increase your visibility
Come share your top 3 Action Items with us in the Kula — and get some support, too!
