Why do we need help with our personal finances?
As a business owner, you're solely responsible for cashflow. Your turnover determines your level of income. You have to provide enough income to cover the needs of you and your family today, while also putting some aside for your future needs. No one else pays your salary, provides maternity, sickness or holiday pay. No one takes care of your tax and national insurance or pension contributions. It's all up to you.
Which means that it's vital that you manage money well. Good financial management is a key ingredient to building a sustainable business. The more you're able to stay on top of your personal affairs, the more sustainable your business will be.
We’re not taught how to handle money and, for all kinds of reasons, we don’t always behave rationally when we deal with money. Now add to the mix the complex issues of having to deal with self-employment, like managing the ups and downs of cashflow and setting aside money for tax and pensions (or not!), and it's easy to see how we can get ourselves in trouble. It's all too easy to mix up personal and business finances, and many of us struggle with both.
We understand the challenges you experience as business owners and we want to help.
Our aim is to help you:
- Gain confidence in understanding the world of money
- Take control of your emotions to make better money decisions
- Improve your attitude to money and take charge of your mindset
- Feel inspired and motivated to take responsibility for your future
- Take action that will help you create a meaningful life