4 Steps To Start Building Your Budget
Having a budget creates a mechanism for understanding where you are spending the business’ money and for monitoring if you are on track to achieve your profit goals. Building a budget does not need to be overwhelming. Here are 4 steps to help you get started as you prepare for the new year.
It’s okay to work on holidays
You may be shocked to hear me say it, but it is okay to work on holidays. The caveat is you need to not be working other times of the week. In preparation for a holiday, read to determine if working on the holiday is right for you.
Let the pandemic propel you forward
As we enter a new year and plan for the future, don’t forget to assess what go you to where you are today. Two years into a pandemic and you’re still standing. That’s got to be worth something.
Your past may be what you need now
It is easy to assume that what you have tried in the past will not work in the present. But preferences and needs evolve and what you tried previously that did not work out the way you had planned may be exactly what you need in this phase of your business. Sometimes we need to give things a second chance.
Avoid stretching yourself thin at yearend
As yearend approaches, you do not need to return to the frenetic pace of 2019. It is time to blend your 2019 and pandemic paces to create the new way to enjoy the end of the year.
3 things to consider as you plan your budget
The budget planning process has many of the same benefits for business as it does for car buying. As business owners, it is imperative to understand how changes to your spend impact the bottom line. Unfortunately, many small business owners do not create a budget and lack clarity on how much they can shift their financial resources during the year.
Three tips for removing distraction from your to-do list
2020 has been a struggle for focus and consistent productivity. I've pulled together the tips that have worked best for me to kick distraction to the curb (at least temporarily).
Reset your 2020 goals
As business owners and leaders, it is easy to look at the plan you had for 2020, throw it out the window and swear off building a new plan. You might be thinking there is no reason to have a plan when everything is so unpredictable.
Three things Chutes and Ladders reminds us about running a business
It didn’t take many rounds of Chutes and Ladders to see how the game mimics running a business. The valleys and peaks of running a business align with the chutes and ladders that send you backward and fling you forward while trying to reach your goal.
A control freak coming to terms with losing control
In our current environment, I feel like I am losing control of everything. I know I’m not alone. These are a few of the steps I've taken to get through my feelings of losing control.