One of the MOST common fears of small business owners is money itself! So before we even start to unpack other fears related to your finances, we have to talk about the fear of understanding and taking ownership of your money.
I hear entrepreneurs, particularly women, claim all of the time that they “just aren’t good with money” or “don’t understand the money side of things.”
And I get it. Women are fed a lot of money myths in their lives, BUT I want to help you bust through these myths! Because there is power in understanding the financial side of your business, and it’s not as hard as many people think.
Three essential financial reports for small business owners, and how to use them to understand profit, cash flow and financial sustainability in your business ones. Part one of our Handy Guide to Financial Statements
You may know your numbers as a small business owner, but do you trust them? Here's how to make sure your numbers are clean and up to date so you an build trust in your numbers.
Decision-making is a heavy burden for small business owners. Decision fatique is real, and when all of the weekly, monthly, and yearly decisions fall on you, it not only bogs you down and burns you out, it slows the growth of your business and creates an internal culture of reliance and dependency.
Distributed decision-making can ease the burden on you, the owner AND create a culture of independence and action towards shared goals. It all starts with Transparency and Shared Authority.
You’ve been told to save your cash, but that ship has sailed. The recession is here, and your cash flow is low. These tips help you survive the recession without a cash reserve.
Throughout our lives, women are told many myths and lies about money that unconsciously shape our money mindset and our money identity. As women business owners, this affects not just our personal lives, but also the success of our companies and the impact we can create.
Thankfully, changing your money mindset is actually possible. Improving your money mindset will lead to more conscious choices that support your financial goals and also can help you become more content in your life and business.
Money remains a critical tool and measure for success. But money is not the only currency. When we recognize that money is simply a tool, we can use that frame to harness the powerful connection between gratitude and money in your life and business.
Understanding your numbers is powerful. In this post, I share four surprising ways getting a handle on your small business finances could transform your business — and your life! With recent stories from our clients.
Business owners don’t need the Federal Reserve to know when cash is tight and sales are slow. When the economy takes a hit, it's time to focus on what you can control to strengthen your company and recession-proof your business: Control cash flow and strengthen decisions.
Meet Jamila O’Gilvie. As a Virtual CFO at CFO on Speed Dial, she’s instrumental in our mission to serve female founders as they maximize their profits and social impact.
