USR 360: Run A Financially Sound Business So You Can Save, Invest, And Donate

The Kelly Roach Show

Kelly Roach

Business, Entrepreneurship

4.9 • 965 Ratings

🗓️ 19 March 2018

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

We know that we need to work off of numbers and metrics but many business owners are too scared to go near them. However, the numbers are the key to truly becoming financially free in your business. This is your invitation to get back in FRONT of your P's and L's and stop leaving money on the table.

In today's episode, I am sharing with you how you can run a financially sound business so you can make other investments, save and donate. We are breaking down three key things you need to do to get this process started. Get to it!

(3:40) "Most business owners only work with an accountant, which does absolutely nothing for you in terms of planning what is happening with the cash coming and going in your business."

(5:54) "A weekly and monthly review helps you truly understand what's happening with your money and helps you get in control of directing it."

(10:20) "We're all under the false impression that we start off by investing everything that we have for as long as we can back into the business."

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Transcript

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0:00.0	Unstoppable Success Radio, episode 360.
0:05.0	I'm Kelly Roach and you are listening to Unstoppable Success Radio,
0:10.0	the podcast for achievers, believers, dreamers, and doers who want to build a profitable, sustainable business around a life of purpose, fulfillment, freedom, and family. Now let's get down to business.
0:25.0	Welcome to Unstoppable Success Radio.
0:29.0	I am your host, Kelly Roach, and I am thrilled that you took the time to be back here with me today.
0:35.0	In today's episode we're talking about running a financially sound business so that you can save,
0:42.1	invest, and donate.
0:43.7	Don't we all want to do that?
0:45.3	We all run screaming as business owners
0:48.2	from numbers in the beginning.
0:49.6	We avoid procrastinate, ignore, and eventually we began to realize that in order to become truly
0:58.4	wealthy and financially free, we can no longer hide from managing the money. The money coming in and the money
1:07.2	going out is such a huge piece of the make or break the loss or the profit of your business and in in most
1:18.0	instances small business owners not only when they get started but even along the way tend to really put this on the back burner
1:27.3	and try to overcome a lack of money management with a focus on sales and marketing or people or
1:35.1	advertising or whatever the case but the problem is is that businesses
1:39.9	left to their own devices will eat every ounce of cash that you feed it.
1:46.0	And it's a never satisfied money hungry monster.
1:52.0	So unless you put stipulations in place and unless you control literally and
1:58.1	figuratively where the money is going and get very decisive about how you're going to allocate what's
2:05.5	coming in and what's going out then you will always be an upside down inside
2:10.6	out situation. Now we all know that over a period of I believe 10 years
	...

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