Do you incentivise yourself in your business? 

I ask this question of coaching clients regularly and I’m often met with some strange looks! I actually think it’s really important to incentivise ourselves in business—particularly when it’s around a challenge we’re avoiding…. Like FINANCES!

I used to incentivise myself ALL THE TIME when it came to my business finances. 

I wanted to commit to doing Financial Fridays but I knew I had to make it enjoyable or I’d never do it, so I’d set myself up in my favourite coffee shop, order myself a tea, get a sweet treat and then begin looking at my bank accounts! (Honestly, that’s where I started. Just looking at the money coming in and going out and being conscious of what was happening—beyond just the balance at the bottom of the page!) 

If you’ve never paid enough attention to your business finances before, below are 5 simple actions you can take to get started. 

First things first → Decide on an incentive you’ll reward yourself with after you’ve completed one of the below actions!

1. Sign up for my Live Masterclass on Tuesday night where I’ll be sharing simple steps to manage your small business finances and get more money in the bank.

2. Listen to my latest podcast episode where I’ve recapped my 3-part “Money Series” into one 12-minute episode for you jam-packed with easy finance tips. 

3. Print out 6 months of bank statements and start highlighting your regular expenses. 

4. Download a business budgeting template, and start inputting your monthly expenses. 

5. Book a meeting with your accountant to discuss your business budget and plans for the year ahead. 

The hardest part is just getting started, but once you do it you’re going to feel great! You’re going to get a little bit of a buzz and become excited that you’re taking control of this aspect of your business!

So pick one item from the above list and push through the “just getting started” phase. Remember, there’s a reward at the end!

You’ve got this.