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 – Unscramble Your Numbers and Understand Your Finances

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Hosted by HerBusiness

On air:

26 June 2015

 

Click to download the interview

Amanda Fisher, author of Unscramble Your Numbers: Unlock the Secrets to Your Business Cashflow, knows that understanding your finances can be vital to running a successful business.

In this herBusiness podcast episode, Amanda explains the importance of knowing the numbers of your business and updating yourself on them often – not just doing so in order to report them to the taxman.

Amanda has found that her most successful clients are those who aren’t afraid to work on their financial numbers. In fact, she says, those who do are the ones who see growth in their business; those who ignore their finances are often the ones who remain stagnant.

Amanda goes over some of the biggest mistakes she sees business owners make when it comes to finances – such as failing to set financial goals and following through on seeing whether or not you reach them – as well as discussing the benefits of using cloud-based technology in organising your finances.

But Amanda says there are a few basics every business owner should know about. She calls them the three Ts:

  • Transactions
  • Turnover
  • Take-home

Listen to this herBusiness podcast with Amanda Fisher to also learn:

  • How to use cloud-based technology to help update your finances regularly
  • Some of the biggest mistakes business owners make when it comes to finances
  • Why it’s important to set up and write out your financial goals – even the simplest of ones
  • How to keep up on the progress of these goals
  • More about the three Ts and the basics of finance that every business owner should know about
  • Why it’s beneficial to invest in an accountant or bookkeeper
  • How to keep yourself accountable for your financial goals

This post was co-authored by Courtney Sweeney. Courtney is currently completing a journalism internship at the Australian Businesswomen’s Network. She studies journalism, political science, and public relations at Michigan State University in the United States.

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About the host

Suzi Dafnis

Hi there. I’m Suzi Dafnis, CEO at HerBusiness. My BIG passion is helping women business owners to grow and scale their business, so that they can create their ideal lifestyle and make a difference in the world. Every day I am inspired by the more than 30,000 amazing women (and men!) in our community and I love finding the best education, mentors, and resources from around the globe, to help them get the skills, knowledge, and support they need to succeed. It’s been my privilege to lead HerBusiness (formerly The Australian Businesswomen’s Network) for the past 23 years (two+ decades – WOW!) because, whilst I’ve enjoyed success in business, I’ve also experienced the highs and the lows – sometimes you can feel on top of the world and in control and other times you can feel isolated, exhausted and stuck. What has made the biggest difference for me has always been having great people around me and having a lifelong commitment to learning. That’s why I am so passionate about the work we do here at HerBusiness – providing a Connection Network for women in business to get the mentors, contacts, referrals, knowledge, and skills they need to grow their confidence, make more money, build their businesses, expand their network and create the lives they love. My entrepreneurial journey started in the spare room of my Sydney apartment in 1994 when my business partner and I started a boutique events company that represented speakers and authors from the USA, here in Australia. Over the years I’ve grown multiple multi-million dollar businesses in the events, publishing and education niches – with teams in Australia, New Zealand, and the USA. Not everything has worked and there has been a degree of trial and error, and a lot of bumps in the road. But I have always had a strong commitment to always surrounding myself with great mentors and like-minded peers – a Connection Network that I can depend on and who can depend on me to be there for them too. I truly do what I love, every day.  

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About the guest(s)

Amanda Fisher

Amanda Fisher

Accountants aren't known for being passionate, but Amanda is passionate about helping business owners to understand and interpret their business numbers. With the efficiencies provided by cloud accounting systems, the information is now readily available to provide clarity and control to the business owner.Having worked as a Financial Controller, Amanda can appreciate the issues and stresses of being in business from her clients'™ perspective. She combines strong technical knowledge with compassion and understanding and a sense of humour.Amanda's first book, Connected Technology:How to Transform Your Business with Cloud Accounting, is a No. 1 Bestseller on Amazon. She has also launched her second book,  Unscramble Your Numbers:Unlock the Secrets to Your Business.

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