The Mind Your Time Podcast | Empowering Six-Figure Entrepreneurs to Streamline, Scale, and Live Their Legacy
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How to Unlock Financial Confidence with a Simple Money Management System
Manage episode 451264957 series 3546058
Does managing your business finances feel like a struggle?
You’re not alone—many small business owners work hard but still wonder where all their money goes. Nearly half of small businesses fail within five years, and poor financial management is often the reason. That’s why in this episode, we’re talking about how to manage small business finances with a simple money management system.
I’ll break down how you can take control of your finances by tracking expenses, managing cash flow, and avoiding common mistakes. You’ll also hear how one of my clients turned her business around by organizing her money and making smarter decisions.
If you’ve been stressed about money or unsure how to handle your business finances, this episode is for you. Learn how to set up a simple system that helps you feel confident about where your money is going so you can grow your business without the financial headaches.
Ready to get your money under control and stop worrying about finances? Tune in now to get practical tips and a plan to manage your money the easy way.
Don’t forget to subscribe so you don’t miss what’s coming next!
00:53 - Why nearly half of small businesses fail and how you can avoid it
03:10 - How separating your finances can lift a huge weight off your shoulders
05:54 - What happened when my client didn’t track her $70K income
08:24 - The three types of expenses you need to track in your business
10:12 - How tracking cash flow can help you avoid tight-money months
13:07 - What we’ll accomplish together during a B.O.O.S.T. Day
References Mentioned In This Episode:
Episode 175 - Transform Frustrating Chaos with a Game-Changing Filing System
Let’s Chat About a B.O.O.S.T. Day
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Resources Mentioned In This Episode:
Check Out The MY-T Society Membership
Listen to My Free Audio Masterclass
Schedule a 20 Minute Chat with Me
Let’s connect online:
Follow Me On Instagram: @the_shannonbaker
פרקים
1. How to Unlock Financial Confidence with a Simple Money Management System (00:00:00)
2. Why nearly half of small businesses fail and how you can avoid it (00:00:53)
3. How separating your finances can lift a huge weight off your shoulders (00:03:10)
4. What happened when one client didn’t track $70K of income (00:05:54)
5. The three types of expenses you need to track in your business (00:08:24)
6. How tracking cash flow can help you avoid tight-money months (00:10:12)
7. What we can accomplish together during a B.O.O.S.T. Day (00:13:07)
193 פרקים