I am Creative, who can help me with my accounts?
This is the final article on how to run a better business. The article looks at how we can help you if you set the right fundamentals to grow your business.
The purpose of any business is to be able to give its owner the lifestyle that they want. If they want financial freedom, it should provide that. If they want personal and creative freedom it should give that as well. The business should not tie its owner to working 7 days a week, 24 hours a day. If should give freedom.
As the business grows you need be able to plan and manage your cash.
As your business grows the freedom that you have will also grow. You will no longer be working under restrictions of time and money. You will be able to employ staff and your financial strength will grow. You will have more options for funding and will have built up cash reserves.
As you break free of the shackles of time and money you will see the freedom that you want. These will typically happen as you grow your business. Your aim should be to grow your business and feel the freedom that this gives. Working from being a freelancer and growing your business until you have a design agency that gives you freedom.
You need time to work on your business so it will grow.
To grow you will need to spend time on your business. You will need to create the time as a Freelancer working by yourself. As you grow in size you can create time by hiring staff to help with the workload.
To start off with the time you create will be based around systems, using software to save hours each month to spend time on your business. This should be setting up software to keep up to date with the books and finances. But also software to help manage the projects and work you are doing.
The systems you set up will be a key part in this, making keeping your records easier and making sure that they are good quality.
These software’s will also grow with your business. As you use the software to manage the finances in greater detail and you need to make sure deadlines for client work are met.
As you grow you will need to pay close attention to the finances. You need to make sure that you can afford the investment that you need to make in your business. That when you take on staff you can afford to pay the wages. That if you need to get an office space to work in that you can afford the rent and bills.
You need up to date and accurate information to plan and forecast for your business.
You need to have a constant and accurate way to look at your business cashflow and be sure that you can afford the investment that you want to make. If you get this wrong it will have an impact on your business and it will suffer.
Time and money will be roadblocks to your growth. You will need to solve these issues. You need time to spend on your business for it to grow and you will need money to make the investment in your business.
They will likely affect your growth at each stage of your development and will place restrictions to what you can and can’t do.
When you have up to date information you can make better decisions about your business.
The only way to navigate these problems will be to have good systems and structure in place. To have a good financial structure to be able to predict the future with confidence and be able to invest the money in your business that you know with certainty that you can afford. And to be able to receive helpful business advice at the times that you need it.
We want you to come on this journey with us and grow your business.
We like to take our clients on a journey with us and help them grow their business and move through each stage of Freelancer, Solopreneur and Design Agency. We want to help you set up the systems at the start of the journey with you and lay the foundations for your business growth, that will help you now and support you in future.
We will support you at each stage to set up the systems, give advice, forecast your cash and hold you accountable to make the changes to your business to make it possible to grow.
We want to support you at each stage of your journey giving you the help and advice that you need to help you get past any roadblocks and issues to achieve your dream. The journey will be difficult it is not for the feint hearted but the rewards will surely make it worthwhile.
Our aim is to help you grow your business in to one that supports your lifestyle. That gives you time and financial security to do what you want.
If you want help growing your business please reach out to us and book a call so we can discuss your plans in more detail.