Q3 Analysis: Preparing Your Business Finances for 2023

Description

“It’s one thing to want to grow your business. It’s a smarter choice to have a plan for that growth, because not all growth is considered good.”

— Melissa Houston

It’s October, and you know what that means: it’s time to close your books for Q3 and do your financial analysis. Taking a look at your business finances each quarter gives you the opportunity to reflect on what you’ve done, how you’ve performed, whether you’ve met your objectives, and what you can do to improve next quarter.

As this quarter comes to a close, you have three months left to reach your financial goals for the year — get ready to roll up your sleeves and dive into your numbers, so that you can hit the ground running and make the right moves!

In this episode, you’ll learn how to ensure that you stay on track to meet your goals and grow your business more strategically, and you’ll discover powerful resources that will help you to become Cash Confident!

In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌

What you should be doing now to prepare for your next quarter end
What to include in your business financial plan for the next fiscal year — and when you should have it ready to go!
Why it’s important to analyze your monthly financial reports (and how they can help you plug money leaks in your business)

Highlights:‌ ‌

00:49 Intro

02:49 Listener shout-out

04:22 Variance analysis & check-in scheduling

06:47 Importance of business financial plans

08:00 Half-day 1:1 coaching

08:47 How to build a business financial plan

10:50 Monitoring your results

12:50 Smarter growth

13:37 Who needs a plan?

16:01 Cash Confident

17:38 Homework