How understanding your figures will grow your business to the next level
The foundation of your business isn’t having the best product or service on the market. It isn’t having the state-of-the-art website, hundreds of staff or perfect customer service. These are some of the ingredients you’ll find in running a successful business, but the foundation is always the figures. Do your numbers add up? Is your business profitable? Or, could you do with a little help in this area?
I work with a number of clients who excel in their business sector but would rather run a marathon than tackle the accounts. They might have invented a clever device, or written a powerful app. They might be an electrician, an engineer, a solicitor or a coach. The one thing they have in common is that they don’t like the numbers side of their business.
Usually this is because they’re busy and the accounts, invoicing and debt collection has taken a back seat. Sometimes it’s a lack of knowledge. Sometimes it’s a lack of skill. The good news is that it can be simple to create spreadsheets, graphs and automate accounts tasks which run smoothly in the background and enable you to focus on what you do best.
I have been working with Tanya, a business owner who runs a sports massage company, for just over a year and I have helped develop the numbers side of her business to make things easier for her on a day to day basis.
When we first met, Tanya told me she struggled to get to grips with the numbers in her business. She said she prefers to be with people, to “get out there” and “promote her business”. During our first conversation she admitted she didn’t like the “spreadsheet and numbers side of things”, saying it wasn’t an easy thing for her to do.
We sat down and chatted about her business. We talked about what she enjoys and what could be made easier. I then devised business tools that would help Tanya run her business more smoothly. She doesn’t need to know all of the numbers all of the time, but having up-to-date business figures available at the click of a button has made a real difference. In our monthly meetings Tanya has said there has been an increase in sales as a result of streamlining the accounts processes.
You can watch Tanya’s full video testimonial which talks about how we worked together to make sure she has her business numbers at her fingertips here: https://www.youtube.com/watch?v=Z_-Db5-X-c4
If I can help streamline your accounts processes, or help you figure out the numbers for your business, please get in touch and I will be happy to help.