Sep 10, 2019
This week, we're chatting with financial strategist Iyanna Vaughn of Lovely Financials Group. Iyanna helps six and seven figure business owners understand their finances and then use that data to make strategic business decisions.
We all know we're supposed to be looking at our numbers and tracking things like revenue, profit, and costs of service, but most of us have at least some, if not a whole lot of holes, in tracking these and other important data points. Even though we know it helps us make better decisions and more money, it's a place that can cause a lot of anxiety with small business owners.
In this episode, Iyanna and I talked about how emotional junk, like fear and shame, can affect how we manage the finances of our businesses, and she gives some examples of how she was able to increase revenue for her business this year by 66%. Thanks to her regular review of her important metrics. She also shares some simple guidelines for how and what when you start tracking your numbers in the beginning. What I love most about Iyanna is her down to earth attitude and her straightforward approach to managing business finances.
Hopefully, this episode inspires you to update your data tracking processes, and start viewing your weekly metric reviews as something that helps you make better business decisions, and not just to something you have to do.
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