85: Strategy Mistakes To Avoid Whether You Are Starting A Business, You Are Self-Employed


85: Strategy Mistakes To Avoid Whether You Are Starting A Business, You Are Self-Employed, A Solopreneur, Entrepreneur, Mompreneur, Business Owner, Side Hustler, Freelancer, Bookkeeper, Virtual Assistant, Or VA


Strategy and a well-thought-out plan can help you and your business achieve the impact and success you set out to accomplish when you first started your business. Having a plan will keep you on course and avoid potential pitfalls you may find yourself experiencing when you don’t have a plan. When you have a well-thought-out plan, even if it is only a one-page plan, your odds of being a success increase significantly. In the fifth episode of this week’s five-episode podcast series about common mistakes business owners make, you’ll learn about how you can easily create a strategy for your business. By being laser focused on your plan, you’ll know exactly what you need to do next to reach the goals you’ve set in your business. It doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; your plan will give you the courage you need to follow through and achieve the successful business you set out to create. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…


The Strategic Bookkeeping Academy including Bookkeeping Basics will be open for registration on June 15, 2022. Join the waitlist to become a founding member and receive a special bonus when you sign up in the first couple of days the program is open. You can sign up for the waitlist here:

https://www.financialadventure.com/sba


Schedule a free consultation, and we’ll work together to dive into where you’d like to see yourself and your business in the future. We’ll create a laser-focused plan including which steps you need to take and when you should be taking them:

https://www.financialadventure.com/contact-us


Apply to join the Mastering Your Small Business Finances CEO Mastermind or the Elevate Your Bookkeeping Business GROW Mastermind group:

https://www.financialadventure.com/mastermind


Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:

https://www.financialadventure.com/5essentials


Looking for a payroll solution for your business? You can get an exclusive 15% discount on your payroll services when you sign up here:

https://www.financialadventure.com/adp


Looking for an extremely beneficial online bookkeeping resource? Join us in our Mastering Your Small Business Finances Membership, where you can ask questions and get answers regarding your specific business. We dive deeper into the topics on this podcast and provide additional resources and accountability:

https://www.financialadventure.com/mysbf


Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path is waiting for you:

https://www.financialadventure.com/starterguide


Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you:

https://www.financialadventure.com/discovery


Join Our Facebook Community: https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique


Are you a bookkeeper looking to start, grow or scale your bookkeeping business? Join our FREE bookkeeper community here:

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QuickBooks Online - Save 50% Your First 3 Months:

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Show Notes:


Strategy and a well-thought-out plan can help you and your business achieve the impact and success you set out to accomplish when you first started your business. Having a plan will keep you on course and avoid potential pitfalls you may find yourself experiencing when you don’t have a plan. When you have a well-thought-out plan, even if it is only a one-page plan, your odds of being a success increase significantly. In the fifth episode of this week’s five-episode podcast series about common mistakes business owners make, you’ll learn about how you can easily create a strategy for your business. By being laser focused on your plan, you’ll know exactly what you need to do next to reach the goals you’ve set in your business. It doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA; your plan will give you the courage you need to follow through and achieve the successful business you set out to create. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…


Welcome Back…and welcome to the fifth of the five series podcast I have for you this week, where I am talking about some of the most common mistakes business owners have been known to make in their business. I want you to be aware of these mistakes and take action to make sure you don’t make the same mistakes in your business.


Today, we discuss how important it is to have a strategy in place for your business. You may have a vision in your head of how you would like your business to succeed, but if you don’t have a strategy or a plan for how you are going to get there, you could be wasting a lot of your valuable time when you veer off course, and you could be adding years to achieve your success.


Let’s start with a business plan. Does just the thought of creating a business plan cause you to cringe a bit? I hear this all the time, but I want you to take a second look at how you could create your business plan. If you think your business plan needs to be pages and pages and pages long, think again. Having a business plan means that you are taking the time to map out your thoughts and vision about where you want your business to go. This could simply be one page long as long as you are able to get all your ideas about your business on this one page. Don’t make it more complicated than it needs to be. The goal here is to create a plan and document it. Having a plan in place increases your likelihood of succeeding.


You should also have a marketing plan for your business. After all, marketing is what is going to help your business get sales. Take some time to think about your marketing plan, and again, don’t think this has to be an elaborate plan. Get your thoughts out on paper, and at the very least, you will have a starting point for marketing your business. Is your plan to specialize in a specific industry or niche? If so, document this information. Think about all the ways you plan to let people know about your business and document this as well. Many business owners are afraid to get out there and market their business, but the only way you will generate sales is to make sure people know about your business, so make sure you include this information in your marketing plan.


Once you have your business and marketing plan, you will need to create a strategy to execute these plans. You will want to make sure that you are focusing on everything you have in your plan, and whenever something comes up that is not in your plan, you may need to put that idea to the side so that you are able to continue to meet your goals. Every time you do something in your business, you should ask yourself if it will help you reach your goals. Is it following your plan? If it isn’t, you will need to decide if it really needs to get done or if you need to adjust your plan.


Remember that if you fail to plan, you are planning to fail. Create simple plans that help you stay on track, focus on your goals and watch the vision of your business come to reality.


I know many of you who are already on the waitlist patiently waiting for the registration to open for my Strategic Bookkeeping Academy are going to be excited because I am happy to announce that I’m ready to open registration, so take a second and make a note that the Strategic Bookkeeping Academy is launching on June 15th, 2022. Also, note that there will be a promotion for founding members from June 15th through June 17th, 2022. This means that I created this new program, and I can’t wait for you to join and start taking control of your business, gain a deeper understanding and master your small business finances. This program will help you understand exactly what you need to do when you are doing your own bookkeeping for your business. It is also helpful for bookkeepers who are still working on their processes to deliver the best bookkeeping service to their clients. Having over 25 years of experience working with business owners, I understand where they struggle. This program is designed to help service-based business owners do their own bookkeeping with ease and has a strategy built right into it to achieve your financial goals. Since this program is new, I also created a special bonus and gift for you when you sign up in the first couple of days the program is open. So, if you want more information, if you can’t wait to join, or are curious to learn more about the Strategic Bookkeeping Academy for service-based business owners, come join the waitlist. It’s very important for you to join the waitlist if you want to grab the special founding member opportunities during the promotional period. If you miss this promotional period, you can still purchase the program, but not for the promotional price. You can get on the waitlist by going to www.FinancialAdventure.com/SBA and clicking on the waitlist button, enter your email address, and I’ll send you the information to register during the promotional period. I can’t wait to see you in the program. I’ll post links to this and other valuable resources for business owners and bookkeepers where you are listening to this podcast and in the show notes.

And, you know I’m going to ask…what’s at least one thing you will take away from this episode that will help your business succeed and grow your bottom line? If you need some accountability, join our PRIVATE Facebook community and post your action item, we’d love to support you.

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