WHAT YOU REALLY NEED TO FOCUS ON IN YOUR BUSINESS
As a business owner that is just starting out or growing, it can get quite challenging as you wonder what to focus on in your business to ensure its growth.
I am often asked by my clients what to focus on and this led me to create my flagship framework, “The Financial Steadiness Pathway”.
With the help of my framework, business owners get to know what to focus on for their stage of business when it comes to Finance and Operations.
As a Finance Strategist, I came to the realization that not all business owners can easily identify where they are and where they are heading.
The Financial Steadiness Pathway helps business owners understand where they may want to go back and create more solid foundations to build upon. It will also help identify why something you are trying may not work because you may not have something solid to stand on.
Broken down in 3 stages with 5 sections each, this framework targets small service-based businesses looking to grow to the next level.
These stages include:
- Foundation
- Building
- Legacy
In each of these stages, I share how these aspects come into play:
- Legal
This offers you a basic foundation for your business to start operating because it is compliant with all the different regulations and making sure you are legally protected.
- Accounting
Having the right systems in place to handle your money keeps things straight and minimizes chaos in other areas.
- Sales
Your sales offer is what brings you income so it is important to take the time to create a valuable offer that will keep customers coming back for more.
- Decision making
So many business owners tend to make decisions based on their gut or what friends or competition are doing yet that may not apply to their business. Each business is unique and this determines the decisions made.
- Legacy
How will your business stand the test of time? This is what you should be working for from day one.
Here is my breakdown of The Finacial Steadiness Framework by stage.
FOUNDATION
This starts from having an idea to actually setting up your business. The goal in this stage is to make money consistently.
BUILDING
A lot happens in this stage however the focus is on operations and people. With the right people and strategies in place, the business is able to run like a well-oiled machine because everyone is in the know.
LEGACY
This is where we build business perpetuity and impact
So what stage are you in? Is there something you skipped over or something that needs a better foundation? I hope this framework helps you identify where you are.
Share your thoughts by messaging me on Instagram.
Quotes
“Legacy is not something that just happens, it is something we work for from day one.”
“Your viable signature offer is the thing that you are known for.”
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