BlogBookkeeping tips to help you build a solid financial foundation for your business. |
What’s your biggest business win?
The Beyond 40 Revolution Project And building a thriving/ sustainable portrait business. How does knowing your numbers help with your business’s success? It helps me understand the health of my business. And paints a holistic view of business and financial success as well as if I need to pivot in some areas. What is one of the main reasons your business is succeeding? The work I've done on myself to grow in self value, confidence and resilience. I always hire mentors when I need guidance. And I invest in myself and continuing education. Also have a supportive community of entrepreneurs is key. What business finance advice would you give to fellow business owners? Use some form of the Profit First method and pay yourself first. Make sure you have a bookkeeper. Save for taxes. Adopt an abundant money mindset. Every time I get paid, I give thanks and feel gratitude in my heart. What positive changes have you noticed since partnering with Silver Leaf Office? I don't have to worry about my books. They would not get done if I did not have Silver Leaf Office. What advice would you give to other business owners who are considering hiring a bookkeeper? Don't hesitate. You need it. You need it for the health of your business. You need to know for your personal finances. When you go to do anything in life - get a loan, buy a car, buy a home, ets. You must have your financial house in order and the documentation to back it. What’s your biggest business win?
I have so many wins! I love building a powerful and supportive team culture, of women who genuinely appreciate and encourage each other. It's also been an amazing opportunity to have the flexibility of working from home so that I can homeschool and be present with my family, while still creating a successful business that I love enjoying and working in. How does knowing your numbers help with your business’s success? Knowing my numbers helps me make good decisions! It also helps me plan for the future when I know what our trends are during different seasons. What is one of the main reasons your business is succeeding? I always point to my team as reason #1 for my own success. My team helps keep things moving when I'm offline, and they take care of me too when I need support! Right now I am growing my network with local networking opportunities, and seeking to grow my connections! What business finance advice would you give to fellow business owners? Always, always save a percentage of revenue. Even if it's only 1-3%, make a habit of saving and honoring the savings account. What positive changes have you noticed since partnering with Silver Leaf Office? Never having to think about my bookkeeping tasks ever again. Being able to hand my CPA a nice little report at tax time! And getting a monthly recap of my numbers is my favorite thing. I keep them in my Airtable $ KPI's and it keeps me on top of things from that birds eye view. What advice would you give to other business owners who are considering hiring a bookkeeper? Make sure you find a bookkeeper that loves Profit First! Not just someone who's keeping things "clean" but someone who is passionate about making your numbers work for you. Do you have a special offer for my audience? Yes! Mrs Smith Assist offers 1:1 consulting for CEO's that need clarity and strategic help as they iron out systems and grow healthy operations with the team. Grab a discounted strategy session (Use code CEOWORK for 15% off) here: https://mrssmithassist.com/business-systems-strategy-session/ What’s your biggest business win?
That I'm able to work from home and do what I love and have a flexible work schedule and be present & around for my daughters. How does knowing your numbers help with your business’s success? Allows me to free up mental space knowing my finances are in order and I can focus on what I do best! What is one of the main reasons your business is succeeding? Perseverance, passion, and patience. What business finance advice would you give to fellow business owners? The moment you can outsource anything, make it bookkeeping. You'll be able to track profits more clearly and go to sleep not worrying about where things stand and that your finances are in good hands and you're on track and meeting your goals. What positive changes have you noticed since partnering with Silver Leaf Office? I'm reaching financial milestones I never imagined and am able to see the full picture because of Silver Leaf Office. What advice would you give to other business owners who are considering hiring a bookkeeper? Do it...yesterday! |