Gaining Financial Controls for your business can be difficult and often rather daunting. Moreover, having the right approach and finance controls in place is essential to keep ahead of any financial issues that may arise.

This week’s podcast looks at PAWAD.  This is a five-step approach on how to set up and use effective Financial Controls for your business.  The benefits of having Financial Control are many,

  • Firstly, whether you are on track to reach your goals.
  • Secondly, you stay in control of your business.
  • Thirdly, Stress, anxiety and uncertainty is replaced by calm, clarity and focus
  • Fourthly, greater visibility about where your money is going.
  • Fifthly, what your money is being used for

Furthermore, a healthy bottom line!

What is PAWAD I hear you ask, great question, hear is a little taste,

  • P is for Plan
  • A is for Actual
  • W is for Why
  • A is for Action
  • D is for Do

Listen to find out more

Conclusion and good to know

Operating any kind of business without having effective and impactful Financial Controls for your Business leads to financial problems down the line.   I don’t want that for you.  So, whether you’re just getting started with developing good practices or already have basic controls set up, listen to get more insight.

The I Hate Numbers podcast isn’t just about Financial Controls, financial storytelling, and financial performance though.  Other topics are covered, for example, cash flow management, budgeting, forecasting, tax, accounts, and more! Every episode provides actionable advice from me, Business Finance coach, accountant and educator who explains that stuff in an easy and no-nonsense way.

Are you a small business owner, social enterprise or organisation passionate about change? Managing your finances can be a lot of work, trust me.  Finally, there’s software that makes keeping track of your cash flow and financial planning easier: Numbers Know How.

It helps you stay organised so you can focus on what matters to you, the creative work and the impactful change. Take a step away from the chaos with fast setup & easy navigation – numbers just got real…for the better! Get organised & make sense of it all with Numbers Know How today!

Grab your FREE cashflow guide Make your own Future Cash Story Plan with Numbers Know How.  Get in touch with us to help make your life easier and stress-free. Contact us if you need help figuring out and sorting your numbers, creating your future financial story plans, your taxpayroll and other accounting and business matters.

Are you ready to have an easier and more rewarding relationship with your numbers?  My book, I Hate Numbers helps you get there.

This book will show you how to have a rewarding, productive relationship with numbers and your business.  Furthermore, my book will help with that battle between the ears, that all business owners experience.