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.
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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.