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The Ultimate Financial Cheat Sheet for Small Businesses

The Ultimate Financial Success Cheat Sheet for Small Business Owners

Financial success does not happen by accident, it is a result of taking action.  With a clear vision of the future you want and a solid foundation to provide direction for your actions, you can create both a business and a life you will love.  You can create a financial future that includes money for your wants and needs, money for your family, money to make a difference for others, money to provide for your future and still have time to enjoy it!

Small business owners always reach out to me because they want to know exactly how to make this happen for them.  What do they need to know in order to create the financial future of their dreams?  The surprise here is that it is easier than you would guess.  All you need to know is exactly where you are now and where you want to be.  Simple. Right?

Okay, maybe that doesn’t sound at all simple to you.  Maybe it sounds like some kind of snake oil and I am just a carnival barker.  Not true.  Did you know that this stuff is almost never taught to us by our parents and it is certainly not taught in school?  While there are some financial gurus out there who will talk to you about budgeting and managing your money, nearly all are speaking to employees and very few are actually speaking to business owners, or anyone for that matter, in real world terms about what it takes to generate more money now and for your future.  Wouldn’t that be a great thing to know?  I am not talking about some pie in the sky “if you think it, they will come” mind set.  I am talking about actual things you can do today that will enable you to take charge of your financial health.  Budgeting deals with scarcity, with how to spend less.  Wouldn’t you really rather know how to create more money and have time to enjoy it?

It is my experience that even those individuals who have been in business awhile don’t have any real training in money generation and the majority of the people I run into have zero experience or understanding on how having a financial goal works or even where to start.  This is where I come in.  At all of my workshops and in working one-on-one with clients, I ask folks to start with my Financial Summary Worksheet which is the ultimate cheat sheet for small business owners who want to create a financial future.

free financial summary worksheetWouldn’t you love to start your day knowing where your path is and having the excitement that only comes from having possibilities and a fabulous day in front of you? What you don’t know about your financial position can be lethal to your financial future and having only a vague idea about how much money you need to make in order to have a life you love is completely insufficient to get you into action or even out of bed in the morning.  I find too many people are afraid to take a close look at their financial state because they are afraid of what they will find.  Many are even afraid to ask for help because they think they should know it.  (It was never taught to you so why would you believe you should know it?)  It is a form of self sabotage to not take care of your financial health.

So I invite you to be bold.  Download the Financial Summary Worksheet now and get started filling it out.  When you find something that you don’t know about your money, take a moment and find it out.  If an item does not pertain to where you are at this moment, skip it and move on.  Completing this worksheet may take a few hours but it is your chance to create your own personal treasure map. The time will be well spent.  I guarantee it!

Are you ready to take that first step towards financial success?   Don’t wait!  Download my Financial Summary Worksheet now!

Now about 10% of you will be able to more or less easily work through the worksheet, create your goal numbers and then get started on your own.  You will be able to determine your daily, weekly and monthly targets.  You will be able to do financial projections and then create action plans to support them.  You will know about spiral revenue strategies and what passive revenue sources are and how to build them into your business model.  You will have no difficulty in clearly identifying your goals and how you will get there.  However, about 90% of you (and I was once one) may find it harder to complete the worksheet and find your path.  If that is the case, then I recommend you get some help as you will find it extremely beneficial to hire a guide for your journey.

Be sure to call me if you need help.  It is what I am passionate about!

Lorna Whiteaker

Lorna Whiteaker is a San Luis Obispo business consultant and coach dedicated to helping business owners get the results they want. Lorna has over 30 years of experience working with small businesses, working as an administrator in the legal industry and as an independent business consultant helping hundreds of entrepreneurs. With clear and realistic expectations of just what a business owner must deal with in running their business, big or small, she has worked with firms making 7 figures and start-ups with little more than elbow grease and a dream.