admin Scaling Your Business to Multiple 6 and 7 Figures: The Power of Financial Foundations and Strategic Decision-Making
Scaling a business to multiple 6 and 7 figures requires making difficult decisions every single day. Your ability to make these decisions quickly will dictate how fast you can move. However, many entrepreneurs end up scaling their businesses too quickly, too soon, without the necessary infrastructure to support the growth.
The Importance of Financial Foundations
To support recurring revenue and the upgrade in expenses, having solid financial foundations is crucial. Sometimes, your cash flow will be asking for more, while other times it may offer a surplus of money. Depending on how your brain operates and what your triggers are, either situation can be very uncomfortable.
When dealing with a surplus, it’s important to take measured actions and ensure that your decisions are strategic. This level of strategic decision-making doesn’t happen if you’re not aware of your numbers, mind, and body around those numbers—your mind and your emotions. Even if you feel happy, you need to catch your desires to spend it all before it runs out. This is why we changed our focus to revenue tracking, and it’s been a game-changer.
Preparing for Peaks and Troughs
Not being able to make a decision often comes down to resisting discomfort. However, when you prepare ahead of time for the peaks and troughs in your business, you can withstand any challenge that comes your way. The fear of these fluctuations can paralyze you, even as an established CEO. But having someone by your side to stay neutral and remove the money drama is essential.
Being a CEO requires a huge amount of courage and bravery. Courage means doing something scared—making moves despite feeling discomfort. Use these moments of indecision to teach you how to be brave. Show that you have the foundations set up and the ability to lean into the discomfort and make trusted decisions fast. Ultimately, that will dictate your growth. How fast can you move?
The Value of Continuous Financial Awareness
My clients don’t turn their backs on their numbers during the summer. They are leaders, and their businesses operate year-round. CEOs take vacations, but they have a plan in place. They act quickly, knowing their numbers are always running and never take a vacation.
Key Takeaways
- Solid Financial Foundations: Ensure your business has the financial infrastructure to support growth and recurring revenue.
- Strategic Decision-Making: Be aware of your cash flow and make strategic decisions, whether dealing with a deficit or surplus.
- Preparation for Fluctuations: Prepare ahead of time for the peaks and troughs in your business to withstand challenges.
- Continuous Financial Awareness: Keep track of your numbers, even during vacations, to maintain business operations smoothly.
- Courage and Bravery: Embrace discomfort and make decisions quickly to drive your business growth.
By focusing on these key areas, you can scale your business efficiently and sustainably, ensuring long-term success and stability.
Mini Cash Flow Session: Stay On Top of Your Numbers This Summer
Don’t let the summer months derail your financial awareness. My “Mini Cash Flow Session” is designed to help you stay on top of your business finances, even during your well-deserved vacations. In just one hour, we will:
- Analyze your last 3 months of data.
- Create a personalized cash flow plan, projecting 3 months ahead.
- Provide you with a monthly budget calendar for a clear snapshot of your current and upcoming months.
By participating in this session, you can ensure that your business runs smoothly while you enjoy your summer.
Book your Mini Cash Flow Session today!
Simply send me a message with “Mini Cash Flow,” and I’ll send you all the details.
| Financial Strategy Session for Female Founders30 minsTime zone: Eastern European Time ChangeTuesday, June 11 16:00 16:30 Thursday, June 13 16:00 16:30 See all available times |
