Feeling stressed as a womanpreneur? Create a business in the right way, and you will have the freedom to make those beautiful changes in the world.
We (women) spend so much of our lives focused on making an impact. Whether it’s raising great kids, making a fabulous home, or running a dynamic business, there’s a lot of running about. In between, there’s a lot of looking back and looking forward. Hopefully, it’s with pride we look back on what has been, and it’s with excitement we look forward to the future.
Retirement becomes a topic of consideration as we grow older. Whilst retirement might not be appealing to many people, the thought of starting a business from scratch has also lost its appeal. The memories of ongoing cashflow anxiety and unhappy customers as the business experiences unprecedented and sudden growth come flooding in. But what if there was a different way to experience your new business venture? One that made you feel alive and invigorated. An option that was full of possibilities that fuelled your soul and realized the ideas and dreams tucked away, barely out of sight.
Two’s Company
One of our clients, let’s call her Claire, started her business at 50 years old. Claire had worked for other companies as a management consultant specializing in digital for 20-years. People frequently asked her why she didn’t go out in business for herself. Claire’s work won significant awards for the companies she’d worked for, written millions of dollars worth of business, and been instrumental in rolling out ambitious digital initiatives that changed not only the industry but our lives. Claire’s answer to the question about why she didn’t go out on her own was simple:
“I never wanted to go into business by myself. That seems like a boring, stressful thing to do.”
Another consultant, Amanda, got in touch with Claire to see if she’d be interested in setting up a company together. The two had worked together in another consultancy. What they say about working together now:
“Being in business together is so much better. We can share and balance the workload, play to each other’s complementary strengths and, take holidays (one at a time), knowing the business is in good hands.
Working together, we bounce ideas off each other, and this allows us to innovate and improve continually.”
The other way to partner up is to find a friend who is already working in her own business. It’s a hard task creating a successful and profitable business on all fronts. Perhaps you can partner-up, help-out, and be a welcome lifesaver.
Other Partnerships
Whatever way you go, free yourself from the anxiety from the outset by building a healthy infrastructure around your vision, idea, and mission.
There are high costs associated with DIY — as in Doing It ALL Yourself bookkeeping, accounting, and everything finance. These include:
· Constant, niggling uncertainty over the profitability of the business.
· Ongoing stress juggling cashflow and chasing business to make ends meet.
· Days spent organizing accounts for quarterly BAS and annual tax returns.
More Partnerships
Don’t stop at the first partnership; the next one you need is with a qualified bookkeeper. Here are our two sure-fire ways to circumnavigate the financial stress:
· Start as you mean to go on — partner with a qualified bookkeeper who shares your values and who will keep you on the right track to sustain and support your growth.
· Use Xero or MYOB and ditch those double-entry, time-sucking spreadsheets, yes that’s right, time-sucking — trust us on this.
About ALX
Our mission at ALX is to become the game changers in the accounting and bookkeeping industry for you. We love working with entrepreneurs who are determined to make an impact for good.
Don’t short-change yourself — Download your free 30 day trial of Xero or MYOB here and get started on changing the world!!
