Sound familiar? Maybe you’re getting monthly financial reports but nothing comes together to draw a picture for you of what’s really happening inside your business. You’re not alone!
So many business owners are in this same spot: in businesses from 5-figures to 9-figures; they can (and do!) share this frustration.
You get a sheet full of numbers, but there is no context to them; nothing at all that ties them to your vision and understanding of your business. So, on a good day, you open a drawer, shove the financial reports it in, and say, “I’ll get back to that later.”
“I’m drowning in bookkeeping data but have absolutely no good financial information about my business!”
Now that solves an immediate frustration, but when you slam that drawer, the need to understand your numbers doesn’t leave you alone. You know you need to understand them. But you also know that it makes absolutely no sense for you to spend, as an entrepreneur, hours unraveling the garbage you are currently receiving.
So, instead, it turns into this gray fog that hangs over everything you do day in and day out. It’s a constant nagging worry. It’s the same for people with very low checking account balances, and those with large and growing checking account balances: I don’t know what to expect, so I just keep wondering if the other shoe is going to drop and tomorrow, everything’s going to crash land and I’ll be on the unemployment line or filing bankruptcy.
And that’s how it stays with you – UNTIL we turn that pile of data into meaningful information! Information. How? Well, the way to make finance and accounting become meaningful information is for you to stand up and say,