What Founders Do When They Don't Know What's Coming Next Month

Julianna explains how running a business without knowing your numbers creates constant uncertainty that costs time, money, energy and opportunities and increases anxiety, especially when books have been avoided for months. She says the issue is not ability but avoidance, which often shows up during BAS preparation in Australia with uncategorised transactions, unreconciled accounts and personal and business spending mixed together. She challenges the idea that only accountants and bookkeepers need to look at the numbers, arguing that accurate, up-to-date books help founders make decisions with clarity using profit and loss, cash flow and balance sheet reports. With 30 June approaching, she shares practical steps and also promotes an EOFY checklist, a live online Finish Strong workshop and a free cash flow confidence calculator.

00:00 The Cost of Uncertainty

01:35 Why Founders Avoid Numbers

03:46 The Numbers Person Myth

05:56 What Clean Books Enable

07:53 Messy Books Fix Plan

10:47 Your Numbers Are Directions

12:16 EOFY Checklist and Workshop

14:04 Final Takeaways and Wrap

If you are listening to this podcast, chances are you are already on your way to exploring your numbers with a desire to understand and master your business finances, realising the transformative power that numbers hold for your business success.

The EOFY Checklist will be available - if not there yet already - on our website under Resources.

Register your interest for Finish Strong - the EOFY Workshop for Service-Based Founders happening in June, and when you do you will also get access to the free Cash Flow Confidence Calculator which is designed to give you a clearer view of what is available, what is expected to come in and what needs to be covered over the next 30 days.