Pay Yourself First (Part 1): Uncovering the problem.

Principal #1 of the Framework: Pay Yourself First-The Problem

Have you taken the scorecard test last week? What did you learn about your business? Don’t worry if you missed it. You’ll be able to take it at the end of this article. Would you like to book a consultation to help build a solid financial foundation that will elevate your business??

How to know that you need to start paying yourself first?

If you constantly have to borrow money from your business and worry about a high tax when your accountant reconciles your accounts. Then considering this first principle is great to turn your business and life around.?

After all, as a business owner when working so hard to turn your vision into reality, it’s important to have a solid financial strategy that would allow you to experience the financial freedom that you deserve!

Here’s the problem.

One main reason why people start businesses is to be able to work less and earn more. As your business begins to grow, you begin to face more challenges and soon enough you would find yourself consumed with challenges and daily operations. You might end up putting in more work than in your previous part-time job.?

Here’s how it all starts. Once you start taking in more roles, you are simply putting off developing the business in your area of expertise.?

Stay tuned for next week’s article to find out more about implementing this financial strategy in your business that would pave the way for your financial freedom.?

Why paying yourself last is wrong?

You are an important part of the equation! However, you and your company are two separate entities.?

Who can help you solve this complex equation??

It’s easy. Your accountant is the right person to help you. Reach out to get help with implementing this excellent financial strategy.?

Take the Scorecard Test

If you missed out on last week’s article, here’s another opportunity to uncover what is slowing down your business. Unleash the true potential of your business! After taking the test, you will receive a detailed report of the issues impacting your business and a guideline that helps you address those issues correctly.?

Set Up Automated & Optimised Financial Processes

Contact us to set up highly optimised and automated financial processes, so that you could get paid first every time without delay! Simply DM us to get the conversation going.