It was October 2017, I was
Speaker:looking down the barrel of a
Speaker:new job that I didn't want.
Speaker:I was about to turn 40.
Speaker:I had a small child who was about
Speaker:to start school hours, and I had
Speaker:that sinking feeling in my stomach.
Speaker:How would we handle school hours?
Speaker:My hubby's a school teacher,
Speaker:so he works school hours.
Speaker:How would we handle a call
Speaker:from the school with a pickup
Speaker:request for a sick child?
Speaker:It was at that point, I
Speaker:knew I needed to jump ship.
Speaker:I needed to create my own reality.
Speaker:I already had a side hustle as a
Speaker:faculty member of Women in Leadership
Speaker:Australia and I was already coaching
Speaker:many women, but I wanted more.
Speaker:I wanted financial freedom.
Speaker:I wanted to do something that
Speaker:lit me up every single day.
Speaker:I wanted to have fun, achieve results,
Speaker:and take life a little less seriously.
Speaker:and I wanted to wear jeans.
Speaker:Every day!
Speaker:After working with so many inspiring
Speaker:women, this is what they tell me they
Speaker:went into business for themselves for.
Speaker:Flexibility.
Speaker:To be their own boss, to work fewer
Speaker:hours, to feel like they can have more
Speaker:impact, and they want financial freedom.
Speaker:So important.
Speaker:In reality, they may have flexibility,
Speaker:appear to be working more hours,
Speaker:feeling more stressed, and more
Speaker:frustrated because they are not
Speaker:getting any closer to their goals.
Speaker:I get it.
Speaker:It's been a tough few years.
Speaker:Businesses have struggled.
Speaker:Some have closed.
Speaker:What we thought would
Speaker:make us happy, does not.
Speaker:However, I truly believe there is a
Speaker:way for women to have these things.
Speaker:And feel fulfilled at work and at home.
Speaker:Here's the kicker.
Speaker:The Bureau of Statistics says that
Speaker:unless your turnover is more than 200,000
Speaker:per year your business will struggle.
Speaker:I'd love you to take a minute
Speaker:just to think about, do you know
Speaker:where your actual revenue is?
Speaker:A lot of women I speak to have not
Speaker:looked at the numbers in a really
Speaker:long time, because it can be scary.
Speaker:I also know this number, to be true.
Speaker:When revenue reaches this point, it means
Speaker:it can free us up to hire some help, to
Speaker:invest in marketing and focus on growth
Speaker:or scale, depending on what you want.
Speaker:And there are a variety of reasons
Speaker:why businesses don't succeed
Speaker:or why their owners shut shop.
Speaker:Here are a few.
Speaker:It's hard.
Speaker:It's harder than they thought.
Speaker:Revenue is inconsistent,
Speaker:therefore cash flow is lumpy.
Speaker:Which leads to feast or famine.
Speaker:There's not enough
Speaker:profit in the business.
Speaker:Or they just don't love their business or
Speaker:their products or their services anymore.
Speaker:So what's the answer?
Speaker:Well, it depends.
Speaker:And I hate it when
Speaker:someone says that to me.
Speaker:But it depends on what's happening
Speaker:for you in your own business.
Speaker:There's always a choice to be made about
Speaker:whether you want to keep going, running
Speaker:your own business, or whether you want
Speaker:to go back to an employee type role.
Speaker:Here are a couple of
Speaker:things that helped me.
Speaker:showing up.
Speaker:When you run a business, you need to
Speaker:continue to make the choice every day
Speaker:to show up, even when things are hard.
Speaker:Is that you?
Speaker:Are you showing up?
Speaker:We need to constantly work
Speaker:on our mindset, whatever
Speaker:that looks like for you.
Speaker:It could be meditation.
Speaker:It could be journaling.
Speaker:It could be listening to podcasts or
Speaker:reading books because every business
Speaker:is different but it's important for
Speaker:you to be clear on what you need to
Speaker:achieve, what success looks like for
Speaker:you, and how you want to show up.
Speaker:As I said before, numbers, well,
Speaker:they're not scary once you get to know
Speaker:them and once you understand them.
Speaker:Yes, you can outsmart them.
Speaker:Source, but only after you
Speaker:understand your numbers.
Speaker:You need to fall in
Speaker:love with those things.
Speaker:You need to fall in love with your
Speaker:numbers You need to know your revenue.
Speaker:You need to know your profit.
Speaker:You need to be clear on the variable and
Speaker:fixed costs, and you need to understand
Speaker:the trade-offs that you need to make.
Speaker:I had to work really
Speaker:hard to know my numbers.
Speaker:need to not only have a plan, but
Speaker:also a way to execute the plan.
Speaker:A plan does nothing if
Speaker:it's not implemented.
Speaker:Knowing what you do each day
Speaker:to inch closer to the business
Speaker:of your dreams is so important.
Speaker:Focusing on why you went into business
Speaker:in the first place You might have it
Speaker:stuck on a computer as a reminder.
Speaker:I use post it notes.
Speaker:I also love a vision board to
Speaker:constantly remind me why I do what I do.
Speaker:Do you feel like this?
Speaker:Are you wanting more?
Speaker:You want more flexibility?
Speaker:More growth?
Speaker:More revenue?
Speaker:More profit?
Speaker:You can have more.
Speaker:You can grow in a way that works
Speaker:for you and for those around you.
Speaker:I know it can happen
Speaker:because it happened to me.
Speaker:So here's where I'm at.
Speaker:I've been in business
Speaker:now for seven years.
Speaker:I've worked with hundreds of women across
Speaker:the globe, amazing women who light me up
Speaker:and who are getting really good results.
Speaker:I get to do school drop
Speaker:off every day And why?
Speaker:So I really wanted to wear jeans.
Speaker:They're not actually that comfortable.
Speaker:So I ditched those and now
Speaker:we're into active wear.
Speaker:Which no one can tell because
Speaker:I do a lot of my work on Zoom.
Speaker:So very, very happy.
Speaker:I encourage you to sit down with a
Speaker:cup of tea, because we all love a
Speaker:cup of tea, and think about what
Speaker:you want by the end of the year.
Speaker:And then how do you make positive
Speaker:steps toward achieving these things?