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7 Easy Steps to Set Up a Financial Management System | 27

ByTonia Kendrick
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As a former banker who’s now running my own business, I can tell you that getting your financial house in order isn’t just about numbers – it’s about having the clarity and confidence to make the right decisions for your company.

And the best part? It doesn’t have to be complicated.

In this episode, I walk you through seven simple, actionable steps that’ll transform the way you manage your business finances.

Whether you’re just starting out or you’ve been at this for years, these strategies have the power to take your profitability and peace of mind to the next level.

Here’s a breakdown of the episode:

[00:00] Introduction: Transform Your Business Finances

[01:22] Step 1: Understand Your Financial Goals

[02:29] Step 2: Track Your Income and Expenses

[04:03] Step 3: Create a Budget

[06:27] Step 4: Separate Personal and Business Finances

[07:50] Step 5: Build an Emergency Fund

[08:48] Step 6: Invest in Financial Tools and Software

[10:28] Step 7: Regularly Review and Adjust Your Financial Plan

[11:58] Conclusion: Consistency and Proactivity in Financial Management

Resources mentioned:

This page contains affiliate links, which means I receive a small commission if you make a purchase using this link. For more information, see my full disclaimer here.

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Tonia Kendrick

Hi! I'm Tonia. I help solopreneurs grow their side-hustle and startup businesses by teaching them how to create & execute strategies, hone their marketing skills, & level up their productivity.