It isn't about the size of your business - it's about growing your business to the size you want!
Sometimes, as I'm running my blog(s) and trying to come up with new ideas for crafts, DIY and recipes, I forget that I'm running a business. Well, there is so much more than consistently posting and coming up with new ideas to keep things going. I've had my blog for over a year now, but did you know that 50% of businesses fail within the first year? As a business owner myself, that's a pretty scary thought that I have a one in two chance of surviving.
There was a survey done recently and it was to determine what the main reason was that businesses fail. The results came back and the answer was "a lack of financial literacy".
Financial literacy - the Achilles Heel of every entrepreneur - is the understanding of the nuts and bolts numbers. This is your cash flow. This is your break-even. This is what your margins are all about. This is how your business runs financially and yes, this is your bottom line profit.
This might seem basic to some of you, but it's incredible how some business owners don't look at their profit and loss statement until the end of the year. If you're not looking at your numbers on a consistent basis, how are you going to forecast? How are you going to understand your business cycles? how can you know when to make adjustments? It might just be too late - and that's why most businesses fail.
Well, I'm lucky to have someone in my corner. You've probably seen my blog post on how Kathleen Mundy of Making Your Own Money cut my to-do list in half with her Frog Buffet seminar. Her expertise spans further than time management. She's actually known as the BOTTOM LINE QUEEN. She's all about PROFIT - and it's so much more than just making money… she knows how to KEEP the money in your business.
In fact, she's hosting a business boot camp focused just on NUMBERS and FINANCIAL LITERACY. It's going to help you understand if your business is strong and sustainable. SHe's going to gel you find new ways to make profits in your business and how to find an prepare for financing. She'll teach you what you really need to know to turn a profit in your business.
Kathleen's boot camps normally cost $997, but as a special for 100T2D readers, she's offering a DISCOUNT of $100 OFF of the current price!
Get the whole boot camp for the low price of $397 if you register before September 25th!
(I think she's lost her mind!)
She's going to honour the discount on all pricing, even when the early-bird discount expires!
Register here and use Promocode: 100THINGS at checkout.
Plus, as a special BONUS just for my readers, she's including a private clarity call valued at $200! (so really, the price of the workshop is only $197!) Read this post to see what this one clarity call did for me!
By attending this boot camp live, or live-stream, chances are your business is going to have a much, much, MUCH better chance of survival.
Rather than risk going out of business in your first year - you should really take this step.
Look at your numbers…
Make that money grow for you!
Have a great one!
This is a sponsored post from Kathleen Mundy of Making Your Own Money. While some copy was provided, I have participated in Kathleen's Frog Buffet and have had a clarity call and can honestly tell you that she offers business owners a plethora of ideas and suggestions to take your business to the next level. The Making Your Own Money program is a valuable tool that all business owners should have in their arsenal.