Coaching for Financial Success – Coaching for Entrepreneurs

Coaching for Financial Success

Wow, did the topic of financial management hit home with me. I found myself nodding as Paul Williams discussed the importance of reviewing financials on a quarterly basis, along with using applications like QuickBooks to stay organized.

In October of 2001, I had just gotten my business license and was talking to my accountant, who told me “Tom, setting yourself up the right way financially from the get go is key. Buy QuickBooks, it will make your life AND my life easier.” He was right!

In addition to talking about QuickBooks, I thought Paul hit the nail on the head when he discussed the importance of outsourcing financial management if it’s not your strength.

Reconciling books, finding discrepancies, and plain staying on top of everything caused me an enormous amount of anxiety in the beginning.

Small business owners out there, what was your experience?

Have you struggled in managing the finances for your business?
Have you experienced successes in outsourcing this function to an accounting or financial services firm?
What are some additional financial best practices, tips, and tricks you’d recommend to other small business owners out there?

Please feel free to comment, We’d love to hear your thoughts!

Tom Floyd
CEO
IEC: Insight Educational Consulting
Specializing in Management Consulting, Change Management, Workforce Performance, and Employee Development

Financial Coaching Paul Williams Outsourcing Financial Management Small Business Coaching Financial Best Practices Tom Floyd Insight on Coaching Insight Educational Consulting Management Consulting Change Management Workforce Performance Employee Development IEC Turbo Tagger