Financial accountability is defined as being responsible for the way you use and manage your money.
So, are you financially accountable? Or, maybe you’re finding it difficult? You’re not sure where to start, or you feel like you’re constantly falling behind.
Don’t worry, you’re not alone!
Being financially accountable
There’s a reason why most businesses have accounting departments. Because being financially accountable is essential for success. But for small business owners and entrepreneurs, it can be challenging to stay on top of everything.
In this week’s I Hate Numbers video, I look at reviewing your Financial Story Plan.
You’ve heard the saying, “If you don’t know where you’re going, any road will get you there.” The same is true for your business finances. Not knowing your goals will result in you taking roads you never meant to take. Without a clear plan and goal in mind, it’s easy to lose track of your spending and make poor financial decisions.
That’s why it’s important to review your Financial Story Plan regularly. Improving your financial accountability is a process that takes time and effort. Here are some tips that will get you started on the right foot.
To summarise
In this video, we looked at how you can use your financial story plan to be financially accountable. By creating a plan and measuring your progress against it, you can make better judgments about the performance of your business. I hope you found this video helpful. If you did, please share it with your friends and colleagues.
For more information join my Numbers Know How Financial Story Plan Community. I look forward to seeing you there!
Are you ready to have an easier and more rewarding relationship with your numbers? My book, I Hate Numbers helps you get there. This book will teach you how to have a rewarding, productive relationship with numbers. So if you’re ready to learn how to make numbers work for you instead of against you, then buy my book today!
Sign up for your FREE trial to Numbers Knowhow, the revolutionary cashflow software designed to empower you with the numbers you need to transform your business. With Numbers Knowhow, you’ll have access to powerful tools and features that will unlock a world of financial understanding and growth.