The King was in his Counting House

Last week’s email about the importance of valuing our time went down a storm, with lots of people emailing me in response.  In fact, the lovely John Steel sent me a similar one in return which you might want to watch – it contains a lot of jelly beans!  Click here to see what I’m talking about.

This week I want to touch on another important topic for a business owner – knowing your numbers. 

I spent a lot of the day yesterday having a bit of spring clean of my accounts and there’s 3 key things I did that I want to share with you:

     1.     It’s amazing how many bits of software I’ve signed up to over the year that I no longer use but which I’m still paying for or will renew automatically after a year if I     don’t cancel it.  So I’ve cancelled a lot of things that I don’t need any more and which will save me some money. 

     2.    I’ve got really clear on my expenses and the income I need to get in so that I can do what I want to do.  As a result I have a table on my wall that reminds me             exactly how much of each product/service I need to sell each month to keep on track.

     3.  I’ve updated my budget in Xero so that I can easily track exactly what’s going on and see where the variances are.  This is a standard feature that I haven’t been          making good use of and, once set up, will give me valuable information at the click of a button.

So, at the start of a new year are you really clear on your numbers – what’s going out; what needs to be coming in and how you’re going to track it all? 

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