You are The Opportunist
Business decisions are often made on the spot as there’s little that annoys you more than missed opportunities. But your preference for moving fast and asking questions later can lead to cashflow problems when the sums don’t quite add up.
When there’s cash in the bank, you’re not afraid to invest it, but impulse buys may have occasionally led to outstanding invoices and payments being forgotten.
Many businesses become paralysed when making financial decisions, but not yours. Being able to move fast can be a great thing in the right context.
However, having the right financial information at the right time, could make more of your fast decisions pay off and truly supercharge your business.
You are The Dreamer
You feel that your intuition is usually right so see little need to get hung up worrying about the consequences. After all, time is precious and you’d rather not be distracted by the financial nitty gritty, when you could be driving your business forwards.
But don’t forget, one person’s courage is another’s recklessness.
While your bold approach can lead to great success, it’s also likely led to significant challenges for the business. Combining your passion to get stuff done with live need-to-know data on your business could pay real dividends and help you take things to the next level.
You are The Manager
Your professional approach to finance means that you are able to keep your work life balance healthy. The decisions you make are underpinned by the right information, meaning you are rarely caught unaware.
Your considered approach to financial management has created a firm foundation for your business and helped you grow steadily over the years. However, your approach is usually to err on the
side of caution and sometimes this can lead to missed opportunities and slower growth.
With the right advice and solid financial guidance, you should be able to take your business to the next level.
You are The Optimist
Other people can deal with all that, and you trust that they have everything under control. You’d rather not be involved in finance unless you have to, and prefer to rely on others to tell you if something has gone awry.
Your business is probably pretty solid for you to have such a laid back attitude. Certainly micro-managing can be as challenging for a business as an uninvolved leader. However, your tendency to leave things in the hands of others can lead to things falling through the gaps and some unexpected surprises.
Working to get a light-touch but insightful view of your financial position will help you take your relaxed attitude, and your business, to the next level.
You are The Detective
Chances are, you were stung in the past, which is why you now take such a hands-on approach. You believe that every line of your management accounts must be checked and you always know exactly what payments are coming and going at any one time.
Your financial rigour is to be commended, but sometimes you may find it hard to see the wood for the trees. Your tendency to need every single data point and plan out every possible scenario before deciding ensures you don’t make the wrong decision, but can see great opportunities pass you by.
Working to achieve a simple but effective view of your financial position with a trusted and experienced partner, could give you comfort that all is well and let you get back to what really matters – running your business.
You are The Scrambler
You’re the kind of person who keeps their paperwork in a drawer, shoe box, in-tray or even plastic bag, gathering dust until deadlines are upon you. Then you find yourself in a whirlwind, scrambling to get everything organised at the last minute. Chances are, your accountant/financial adviser despairs at your lack of interest in the financial side of the business. It’s not that you don’t find it useful, it’s just all so very tedious.
You love the confidence that good financial information gives you, but hate the process of getting there. Too often you have to cope with out of date information and feel like you are driving a car looking out the back window. This delayed view manifests itself in uncertainty and it can be hard to make bold decisions. You have certainly seen good opportunities pass you by as a result.
Simplifying how financial data is created at your business could help you avoid last minute scrambling and help you make decisions with confidence and without stress.