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An expense is a cost incurred during your day-to-day business.
Expenses can mount up to a lot of money and that’s money making a dent in your profits.
List all your expenses.
That’s right all of them. Don’t be shy. Don’t judge yourself.
Have you included all your expenses for business?
Even the ones that you think aren’t tax-deductible (come off your tax bill)?
It’s common for new businesses to only include expenses they believe are tax-deductible.
You need to include all your expenses that are for business. Otherwise you can’t see whether you’re getting value, and after all, if it doesn’t come off your tax bill, isn’t it MORE important you get value?
Are your expenses naughty or nice?
Mark each expense:
Value, No Value, Investment.
Action: Book a date each year, quarter or month to review your expenses.
Get some money back in your pocket.
Where are you getting value and more investment would reap huge benefits?
Where are you struggling and support would free you to take your business to the next delicious level?
Cancel recurring payments that you aren’t getting value from and stop paying for expenses when it’s not benefitting you. Time to put on your Big Girl Pants and Big Boy Trousers and be adult about where you spend your money.
Action: Book a date for afternoon tea.
Take your expenses list with you and treat it to some pampering. Cut the naughty no value crusts off your expenses sandwiches and create your future perfect business spending afternoon tea.
Did you know my 1:1 coaching includes a chocolate brownie? Contact me if you’re interested.
We like cake. We also love purple sprouting broccoli. You need both.
Purple sprouting has delicious vitamins and tastes fabulous and is the essential part of your expenses spending.
Cake is the pampering investment.
Do you have enough investment cake in your life or is it all no value spending?
If you feel your business spending is a bit too much purple sprouting broccoli and not enough cake, book 1:1 coaching.
The beauty of an investment with me is that it’s delicious, nutritious, tax-deductible and enables your business to grow.
Like cake and it’s good for you!