Declutter Your Business Finances

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Are you Leaking Money?

Leaking money from your business is sad and inefficient. Sad because that money could be put to good use eleswhere in your life or business.

When was the last time you went through your outgoings with a fine tooth comb and …. If you had extra money, what would you use it for?

Is there something you have been really wanting to do in your business? Or could you spend the extra on self-care – something just for you? Or do you love to travel and want to plan another trip? It’s great to have an incentive.

Financial Decluttering

Take last months bank/card statements/paypal account and let nothing go unquestioned. Your business is too important to waste money on things you don’t want or need. Be deliberate about it. It’s respectful to you and your business that you care.

It’s not about draconian chopping out. It’s about looking, choosing deliberately and deciding.

Are you Leaking Money?

Here is a list of possible money leaks that you could declutter in your business:

  • Subscriptions that you no longer use with direct debits that just keep coming out
  • Paying bank charges that happened because you overlooked your cash flow
  • A course that didn’t work for you. Did it have a money back guarantee. Could you get your money back?
  • Could you pay less for some services: telephone, banking services?
  • Are you spending too much on outsourcing? Is it time for a part time or full time employee?

Is Disorganisation Creating Money Leaks?

This is not a direct cost but a crucial one to watch. When a business is not running on efficient systems then a lot of time is wasted and wasted money translates to less profits.

Are you missing important emails because your inbox is wild, for example?

Or are you missing important client opportunities because you don’t have a good CRM?

Soft Expenses – A Luxury Problem

Hard expenses refer to the basis costs of running your business but there are many extras which are just ‘nice to have.’ I’m guilty of enjoying the soft expenses a lot. Things like … online group subscriptions, courses, books.

Are these expenses eating at your profits? Decide if these expenses are something that are really benefitting you in your business or if they are a luxury that is cutting into your bottom line?

What is important to you? Choose deliberately.

Some outgoings will be obvious: things that have slipped your mind, things that you just haven`t had time to stop. Others will be trickier.

For the trickier expenses, one idea is to list every single outgoing and give it a rating between 1 and 5 where 5 means `totally indespensible` down to 1 which is `really not needed.`. This helps to put things into perspective.

Anything less than a 3 needs a good looking at and a few questions asked:

  • What is the function of this in my business?
  • What does having this give me?
  • What would actually  happen if I got rid of this expense?

Sometimes going through your list can spark inspiration. You might start using a service again or feel inspired to keep going with that course or subscription. Fantastic. That`s what clutter clearing is all about – renewed energy and purpose!

Look at alternatives

Once you have got your expenses list a bit cleaner then its time to look at alternatives. Are there cheaper versions that are just as good? Don`t compromise ease and quality for expense but just be aware that sometimes you just have not looked at alternatives for a while.

I`d love to hear how you decluttered your expenses and how and where you saved some dosh.

Do you want to create new positive, fun, easy and simple money habits? Sign up below to get it my Good Money Habits Tool.

10 Things to Declutter in Your Business

Have a look at these ideas on how you could declutter your business to make things easier, simpler and more streamlined.

  1. PDFs – keep the ones you really love and will refer back to.  Check out this post if you’re a PDF junkie like me!
  2. Mindset – are your beliefs helping you to grow in your business?  Do you need to declutter some of those negative beliefs.  EFT can be a great tool for this.
  3. Your desk – this is one of the magic portals in your life and certainly one of the most important of the business magic portals.  Keeping your desk clutter free helps you create clarity and focus in your business.
  4. Stationary – I am a true lover of stationary but too much of anything aint good.  What stationary are you keeping and will you ever use it.  Is storing and managing it creating an energy drain in your business?
  5. Outgoings – are you paying for things in your business that you are not even using?  Services, apps or subscriptions, for example that were once a good idea but no longer serve you.
  6. Facebook Groups – do you belong to too many groups that you aren’t participating in?  Clear that social media clutter.  It’s just a distraction.  Gropus that you enjoy are where its at.  Focus your energy there as it will be a better energetic match for you.
  7. Busy work – do you have focus in your business or do you spend hours doing busy work that doesn’t really help you achieve your goals.  Check out this Facebook group that I belong to which helps you to increase productivity by focusing on your important goals. ditch the busy work and enjoy focusing on your dreams.
  8. Business goals – are your goals in alignment with your values?  Sometimes when we are not achieving our goals it’s because we are keeping ourselves stuck working on goals that don’t align with our values.  So our business are cluttered with goals that are not a good fit for us.  That makes achieving anything an uphill, energetic drain.
  9. Email Clutter – this is a biggie for lots of us.  Is your inbox jam packed with newletters that you don’t even read?  Taking time out to deal with backlog is well worth the effort.
  10. Your office – another magic portal.  What does your office say about you and your business.  What would you like it to say?  What’s your vision for your business and how can you create an office  that reflects this?

    The point here is to choose – actively choose what you want in your business.  Don’t let clutter drain and dictate.  You are in charge.

If you would like some support and inspiration to start your decluttering journey then I am here to help.  Click here to find out more.