A couple of weeks ago, I was chatting on-line to a friend about their finances, and the conversation we had reaffirmed why I created my ‘Finance Health Check’ and why it is so important to get clear on your finances
The edited conversation went like this:
Friend (morning): “Urgh! Finally catching up on my accounts, which I have neglected appallingly for months. Funny how just checking the running total in the bank gives you a sense that you are doing ok, and don’t need to bother.”
Now, this conversation may not sound that ground breaking to most of you, however, it reaffirmed to me why it is so important to be on top of your finances, both personally, and in business. It sounds so simple, and it is; but so many of us fear our finances, and don’t want to see the reality of our situation.
A past client of mine thought that her business was doing financially well, however when I started working with her, it soon became apparent that she was not doing as well as she thought.
After she got over the initial disappointment, we worked together to sort out the problem. By getting her figures up to date and in order, she could get a clearer picture of where she was on a monthly basis. With this new found understanding, she was able to get the investment she needed, and has now grown her company.
This is exactly why I created my ‘Finance Health Check’; in essence it is a health check for your finances. If everything is fine, that’s great; you can rest easy knowing that you are on the right track.
If, however it highlights some issues, it is not a sign to start panicking, because when you can see the issues, you can put the things in place to try and fix them.
You should look after your finances in the same way you look after your body.
If you feel unwell, what do you do?........ You go to the doctor; and he/she tells you what they think is wrong, and how serious it could be. They then come up with a plan to try and fix the problem (if there is one).