Business Budgeting
This Masterclass includes a 20-Page workbook, so you can take control of your finances. It is time for you to plan beyond the spreadsheet!
Course Description
Having a business budget is essential for any size business. A business budget will help you make stress-free business decisions, such as scaling your business, giving yourself a raise, purchasing additional inventory or assets. It will also tell you if you are heading in the wrong direction, show you where you could be cutting costs and tell help cutting costs and help with putting money where it will have the biggest impact.
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Masterclass Outline
Identify Your Zone of Genius: Dream Life Exercise
Track ALL the Things: Expenses Sheet
Keep a Money Journal: Assets Sheet
Get Real About Your Income: Calculate Your Rate Exercise
Create a Decision-Making System: Needs & Wants Sheet
Plan Your Long Term Goals: Long Term Goals Brainstorm Sheet
Create Your Budget: Budget Creation Sheet
Create Your Vision Board
Are you a member of the Business Suite? If so, log in! The Business Budgeting Masterclass is included in your membership!
The Business Budgeting Masterclass:
0 Lessons
4 Lessons
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Change Your Denial Mindset
Denial won’t get you to that 6-figure milestone; denial will make your business stagnant and possibly repel clients.
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Your Past Does NOT Represent Your Future
As with any problem in life, you alone have the power to change the outcome.
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How to Change Your Limiting Beliefs
The simplest way to change these limiting beliefs is to turn these beliefs into positive truths.
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What Happens When You Change Your Mindset
If you’re sitting watching life pass you by, don’t settle.
2 Lessons
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No Matter How Small
Start by tracking all your business expenses, no matter how small.
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Get Organized While Tracking Expenses
Take the time to organize your financial accounts.
2 Lessons
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Keeping Track of Your Assets
Different from your spreadsheet tracker, a money journal is where you track your assets.
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Break Old Habits
Make a conscious decision that you will take firm control of your business finances.
2 Lessons
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Know Your Month-to-Month Income
Would it shock you to know that many small business owners have no idea what their month-to-month income looks like?
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How Much is Your Time Worth?
Get back to basics and think about how you came up with your pricing.
2 Lessons
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Avoid Shiny-Object Syndrome
Shiny-object syndrome is a real thing and can cause small business owners to overspend on tools and systems they don’t need and won’t use.
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Prioritize Your Needs
Be wary of making purchases too quickly.
3 Lessons
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Plan Your Long Term Goals
No matter how much you love numbers, budgeting is a whole lot more fun when you’re planning a big business expansion (or even better, an epic vacation).
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Create a Vision Board
Vision boards are fantastic tools to focus on what you want in your life.
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Live Without Regrets
Remember to live in the moment.
2 Lessons
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Only Spend What You Earn
Open up your favourite spreadsheet and let’s plug in some numbers!
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Should You Pay Yourself First?
Financial freedom is within reach.
1 Lesson
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Action Plan