4 Tips to Become a More Financially Empowered Business Owner - Erin Armstrong

4 Tips to Become a More Financially Empowered Business Owner

by | Dec 31, 2019 | Leading Your Business, Money Mindset

What really financially empowers business owners? While everyone’s situation is different, there are a few universal things that make a big difference.

So here are my 4 tips to become a more financially empowered business owner:

1. Show Up for Yourself

Show up for yourself! If you aren’t clear about a specific financial, tax or accounting aspect of your business, or you have misgivings about financial advice, pause. Ask for clarification. Get help. Respect your intuition… Just like you would in other areas of your business and life.

Because when we ignore & push our financial issues to the back-burner, it tells our money, our business, and ourselves that we don’t value them—and we rob our future from peace of mind, financial freedom & security.

2. Merge Your Life Goals with Your Business’ Finances!

Get clear on what you actually want in your business & life, and start merging those goals with your business’ finances.

Money needs a job (without a job, even if money comes in, it’ll flow out to an elusive place). And, when you get clear enough on what it is you desire, you’re able to make financial & tax choices that actively assist you in getting there. ⠀

3. Establish a Timeline

Set yourself up for success by establishing realistic, yet uncomfortably challenging timeline, for you to get to where you want to be. Most business owners spend years procrastinating and wistfully wishing things were better or clearer on the financial side–without any action. While change doesn’t happen overnight, it doesn’t need to take anywhere near the same amount of time to get to the other side… An uncomfortable timeline breaks up your pattern. The challenging aspect motivates you forward with a glimpse at the light at the end of the tunnel.⠀

If you want to handle your business finances in an Empowered way, with clear direction, better decisions, more money pocketed, and in full alignment with your values, start by showing up for yourself.

4. Get Support

If you feel overwhelmed, don’t know where to start, or simply recognize you need a mentor leading the way, don’t go it alone. Talk to others who’ve been in your situation and have come out on the other side. Or hire a Business Coach or Fractional CFO.

There are plenty of skilled people who want to support you in living your best life!

Over to You —

These are my 4 tips to becoming a financially empowered business owner. You in? 

 

how-to-become-a-financially-empowered-business-owner

Wishing you fulfillment & financial success,

Erin Armstrong

Erin Armstrong is a Chief Financial Officer, Business Coach, Tax Strategist and licensed Enrolled Agent who’s on a mission to financially empower business owners. Her unique, comprehensive approach integrates all the financial aspects of your business (such as accounting practices, tax strategy, profitability, budgeting, & cash flow) with an emphasis on developing a positive money mindset so you can move forward in a confident, proactive and empowered way. Find out more about Erin here.

Back to Blog Index

TO GET FREE FINANCIAL TIPS FOR SMALL BUSINESSES

Please enter your email below -- then check your inbox!

Thank you for subscribing! Please check your email to confirm your subscription.

TO DOWNLOAD YOUR FREE CHECKLIST OF THE TOP 73 TAX DEDUCTIONS FOR SMALL BUSINESS OWNERS

Please enter your email below 
and then check your inbox.

Thank you for subscribing! Please check your email to get your Checklist of the Top 73 Tax Deductions for Small Business Owners.

TO DOWNLOAD YOUR CHECKLIST OF THE TOP 73 BUSINESS TAX DEDUCTIONS

Please enter your email below--then check your inbox!

Thank you for subscribing! Please check your inbox for your email from erin@erinarmstrong.com.

TO KEEP "IN THE KNOW" & GET

FREE FINANCIAL TIPS + UPDATES

Please enter your email below
and then check your inbox. 

Thank you for subscribing! Please check your email to confirm your subscription.

TO BE NOTIFIED WHEN ERIN IS ACCEPTING NEW VIRTUAL CFO CLIENTS

Please enter your email below and then check your inbox.

Thank you for joining the waitlist! Please check your email to confirm your subscription.