Powerful profit is profit that serves you It means doing the things you love, not working all the hours to deliver results and moving away from the cash flow rollercoaster to consistent profitability
Some days you may feel like you’re managing your finances like the Business Boss you are, but some days you wonder why on earth you chose this journey as a business owner!
And it really is a journey, especially when it comes to growing a profitable business.
It doesn’t matter whether you’ve been in business 6 years or 6 minutes, we’re all continuously learning how best to grow our business and our profit. As our confidence grows, so does our business and our ability to manage and utilise our numbers.
During my years of experience as a wealth coach, I’ve come to identify four very distinct markers on the path to powerful profit. Can you identify yourself in these descriptions?
(If you want to skip to what you are, take my quiz to find out and get tailored resources for your stage of business)
Accidentally in Business
You’ve created something and now people are buying it. What do you do now?
It’s time to put some financial systems (including a process to review your results) in place to give you the most time to devote to your passion. It’s the foundational work that you do now that will set you up for the future.
Doing it all yourself
You’ve had some great results, but you’re loving (and maybe clinging on to) all the hats. Admin, bookkeeping, marketing and of course delivering to your client. What do you do now?
It’s time to start looking towards the future and not solely focus on past results. Forward planning for maximum impact will help you make more space for those things that you love to do.
Dipping your toes into scaling
You’ve got more work than you can keep up with, so you’ve started to scale, either through outsourcing, creating an agency model or building a digital product. But honestly, you aren’t sure if you’ve done this the right way. or if your pricing and profit reflects your success.
It’s time to create a financial roadmap to weigh up the costs and benefits of your different options. Profitable growth is about smart investments and outsourcing. It’s about doing the things that will have the most impact at the right time.
You’re making a profit. Yay! But you feel like you’ve created a monster with the crazy hours that you’re still working.
It’s time to embrace a more sustainable approach, ditch those off-the-shelf DIY strategies and get crystal clear on how to hit your business and lifestyle goals.
By understanding where you are on the path to powerful profit, you’ll be able to pinpoint exactly what you need to do to produce more consistency and grow a business and life that you love.
If you’re wondering where you are on the path to powerful profit and what your next best step may be, then take my quiz here . I’ll send you a resource unique to your stage, that you can use to take back control and grow your profitable business.