It is not selling out to balance your business checkbook!

by DenverBookkeeper

Balancing your business checkbook does not mean that you are selling out! Many of my clients and the people I network with have a strong social consciousness. We want every aspect of our lives, including the way we make our living, to affirm our values, reflect our spirituality and benefit the causes that are important to us. We go into business for ourselves because we do not fit into a conventional way of working.

If you have met me, you know that I do not hide my creativity – from my body art to my teal witch hat. And yet, I am a bookkeeper – about as noncreative as a profession can be. (Creative accounting is NOT a good thing.) I’m detail-oriented and meticulous about things like keeping paperwork in order. The two sides of me balance and neither one fights the other.

I love helping my wonderful, creative, spiritual, passionate friends become successful entrepreneurs. But I often see them struggling to reconcile their values with their desire for financial stability and success – as if a corporate structure and a business bank account, timely invoices or a neat office is a betrayal of their values.

I am here to tell you that treating your business like a business does NOT equal selling out! It is not a betrayal of your values to make money or charge what you are actually worth AND to balance  your business checkbook.

Rhonda Hess of Prosperous Coach in Longmont helps life coaches transform into coaching business owners. Much of the great advice on her Prosperous Coach blog applies to almost any solo entrepreneur, especially those of us who bring spiritual intention to our work.

Spend more time working ON your business than IN it, Rhonda advises.

Working IN your business is about maintaining the status quo —  working ON your business includes all the activities that will actually grow your clientele, income and visibility. It’s innovating new products and programs while improving your marketing and product funnel.

Find time to work ON your business by:

  1. De-obligating your time as much as possible.
  2. Automating your business processes. Map out how you do anything more than once into a process, then look for ways to automate it.
  3. Delegating tasks that do not require your unique touch.

No. 3 is where I come in. Do you hate those financial tasks? Let Lakewood Bookkeeping and Accounting. I like them. Seriously.

When you value yourself highly, Rhonda says, instead of being conflicted about success, you build “true prosperity from the inside out.

“You bless the income you receive. You earned it, so it is sacred. You pay your bills with equal joy, acknowledging how privileged you are.”

{ 2 comments… read them below or add one }

Tara Jacobsen May 17, 2010 at 7:43 am

I could not agree with Rhonda more! Working on my business is considered strategy and is a big part of my scheduled work week. I can tell when I have not done enough strategy because my sales drop!!!
.-= Tara Jacobsen´s last blog ..Realtor Marketing Funny Realtor Postcards =-.

Lisa Greim May 26, 2010 at 10:10 am

I would be delighted to balance my business checkbook if I could just freaking FIND IT.

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