I don’t understand my finances!
How can I grow my agency?
Almost always the source of the frustrations in a creative agency are financial. You don't know where your money is or how to understand it!
I don’t have enough time
All business owners have the same issue, there are not enough hours in the day. There is not enough time to produce amazing creative work for your customers and to spend time growing your business. You don't have enough time to do both tasks at the same time. You need to choose between helping your clients or growing your business.
It’s hard to get the right balance to you grow your business in a predictable manner. So you normally you end up working too hard for not enough money. You need a way to move forward.
Almost always the source of these frustrations are financial. You don't know where your money is or how to understand it!
I don’t understand my finances
When you don’t understand your finances your business will lack direction. You won't know where you are, what you can spend, or if you can hire staff for help.
Understanding your finances are key to being able to make better decisions, you need to know if you can spend on marketing, software or staff. Knowing what free money you have to reinvest in your business is going to be the key to your growth.
You need clear information that is relevant to your company now. This might not be the last set of accounts that was produced but what your finances look like now. How much money you make, how much money you have in the bank, your income, and your expenses.
The problem that is holding you back in growing your business is a lack of clear information. That lack of clear information means that it is hard to have a plan to grow. If you don’t know where you are, how can you plan to get the life you want? .
How do I get help?
When you have clear information you can make better decisions. You can understand when you can take on new employees and how much you can afford to spend on them.
More than likely you will not have this level of financial expertise in your business already. You need an accountant that can provide you services like a virtual finance director. What this means is that your accountant will act as your own finance director. Giving you the advice that you need and clear and relevant information when you need it.
They will take care of the day to day work such as accounts, vat returns, tax returns but they will also give you up to date information about the company’s financial position.
Finance directors can be costly because of high salary expectations and the challenge of hiring experienced professionals for creative agencies. The most cost effective way to get that level of skills and knowledge in your business is to use an outsourced finance director with experience of working in your industry in companies like yours.
What will the help mean to you and your business?
The clarity you will get when you have all the financial information in one place and it is organised and clear will help you make huge strides in your business. You will be able to take on staff, know what to save for your taxes and what money is coming in and going out of your business.
So what will that mean to you and your business?
Well for one thing you can employ more staff to help ease the workload because you will know what you can afford to pay someone to help you.
You will be able to spend more time growing your business and making it more efficient because you will have time to spend working on it.
You will be able to see the financial results of the changes that you are making because your finance director will be able to tell you how your changes are impacting your business.
So you will have more time and more money to spend on your business, but also more time to spend with your family and to do the things that you love to do. Be creative, spend time on your hobbies or just kick back and relax.
Now you really start to live the life that you wanted to when you set up your business, and not the life that you have. Stress, overworked and not enough money.
How can I grow my agency?
Being able to get the help and advice of an experienced finance director for your company without spending money on huge salaries will be one of the most important investments that you can make for your business. You will have the help, knowledge and skills that in the past only larger companies could access.
But you can now get this level of expertise in your company. It will mean that you can bounce ideas off of them and tap into their experience of dealing with companies like yours who have the same problems as yours. They will use this experience that they have gained to shortcut your growth and get you faster to the life that you want.
It’s time to start to embrace your dream now and to get the help and support that you need to make it a reality. Please book a call or download our free guide to give you the way to move your business and your life forward.