Your Roadmap to Small Business Financial Clarity | 49

So, someone asked me recently, “How do you make sense of all the financial stuff when you’re running a business on your own?” And honestly, that’s such a great question because, let’s face it, small business finances can feel overwhelming. And not everyone has a background in finance.

Let me tell you a quick story. Back when I was a banker, I saw businesses of all sizes—startups, small shops, established small businesses. And it was fascinating to see how financial literacy (or the lack of it) could make or break a business.

But here’s the thing: even when I launched my own business, I quickly realized that personal knowledge doesn’t automatically translate into systems. It was one thing to understand financial principles and another to set up processes that worked for my unique business.

So today, we’re going to break it all down—financial statements, budgeting, and using your numbers to grow your business. By the end of this episode, you’ll have a roadmap to help you gain clarity and confidence with your finances, and you’ll be ready to make decisions that actually support your goals.

So, Let’s jump in!

Here’s a breakdown of the episode:

[01:39] Understanding Key Financial Statements

[06:00] Budgeting Basics

[07:59] Using Financial Data to Drive Growth

[09:55] Regular Financial Reviews

[11:08] Action Steps

Resources mentioned:

• Free Profit & Loss Template – grab it below
• Episode 9: Budgeting Tips for Solopreneurs: How to Manage Your Finances
• Episode 23: How to Set Financial Goals for Your Small Business
• Episode 36: Creative Ways to Celebrate Your Achievements
• Fearless Finances course – It’s packed with step-by-step guidance to help you take control of your business money without feeling overwhelmed.
• The Organized Business Toolbox is my monthly membership for solo entrepreneurs who want to feel in control and take imperfect action to move their businesses forward.

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• How a Financial Health Check Can Boost Your Business
• 7 Budget-Smart Strategies for Solopreneurs
• Financial Confidence: Overcoming Money Mindset Blocks