Allocations Day

In the current economic climate, the high cost of living, the increased inflation and with the recession coming up, we need to have a system or strategy in order for us to have a take-home pay.  Your goal in setting up your business is to be able to have financial freedom for you and your family, right?    You have a team that receives their pay but for you as the business owner, there is none.  Isn't that terrible?

That is why it is really important to do the allocation exercise on a continuing basis so that your mindset is trained to be in control of your finances. If you still have questions on how to do allocations, please feel free to speak with Annette or any of her team members to see how you might work together so that your business can move to a healthier financial position. 

Here are a few insights you’ll hear in today’s show…

How to access the Allocations Template and Instructions on how to have a copy?Doing the first allocation exercise. (... After having done the bank accounts set up, Instant Assessment, Checking for Money Leaks and Setting up the allocations.)Why is allocation a big deal in moving your business towards a healthy and stable financial position?How do you proceed if Profit First does not work for you in your first attempt? What is a Profit Plan and how it can help your business to speak about it with Annette or with anyone in her team? In situations where you have upcoming costs next week that will prevent you from allocating for this week, what can you do?

Resources:

Fitting Call Link - https://www.annetteandco.co.uk/fitting/

Connect to Annette Ferguson:

Facebook - https://www.facebook.com/UKAnnetteFerguson/

Instagram - https://www.instagram.com/annetteandco_/

YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA

Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -

https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522