There is one simple reason to understand and observe financial planning in
your business–to avoid failure. Eight of ten new businesses fail primarily
because of the lack of good financial planning.
Financial planning affects how and on what terms you will be able to
attract the funding required to establish, maintain, and expand your
business. Financial planning determines the raw materials you can afford to
buy, the products you will be able to produce, and whether or not you will
be able to market them efficiently. It affects the human and physical
resources you will be able to acquire to operate your business. It will be
a major determinant of whether or not you will be able to make your hard
A clearly conceived, well documented financial plan, establishing goals and
including the use of Pro Forma Statements and Budgets to ensure financial
control, will demonstrate not only that you know what you want to do, but
that you know how to accomplish it. This demonstration is essential to
attract the capital required by your business from creditors and investors.
hey, I’m Kim + I am ridiculously passionate about helping you to work smarter and not harder + to realize how freaking amazing you actually are, exactly as you are and how easy business really can be when you are in alignment + simplify + add systems to organize your business + plan your business growth. I’ve been geeking out about online business, online marketing + systems + personal development + all that stuff since I created my first business back in 2006 + sold it.
This whole business owner thing is not for the faint of heart, there is a reason why most businesses fail!
While the road to burnout doesn’t look the same for everyone on it there are some similarities you typically experience on this path!
- You’re always in the weeds of your business
- You don’t have efficient systems and processes (or maybe none at all)
- You aren’t delegating effectively
- You can’t take time off
- You’re trying to do too many things at once + wearing all the hats
It’s exhausting just thinking about it! But there’s a way off the hamster wheel!
If you’re overwhelmed, overworked, stressed out, and worried that if you take time off the bottom will fall out from beneath you and your business will fall apart.
Then, you are in the right place my friend, been there, done that, got the tee-shirt and I’d love to support you in ending the cycle!