If you’re a busy entrepreneur who doesn’t know how to make sense of your business profit and loss statement—let alone figure out how to create one for your accountant to review—well, you are definitely not alone. There are so many of us out there running six-figure businesses and yet we’re not actually on top of our finances. I have been guilty of this, and so has financial coach Nicole Barham, my guest on this week’s podcast.
A few years ago, Nicole found herself in financial straits when revenue from her successful online business suddenly plummeted. Bouncing back from bankruptcy, she learned from her mistakes and created the 5 Minute Bookkeeper™, a painfully simple system to help fellow solopreneurs get up close and intimate with their own numbers. I’m a big fan—especially because five minutes a day is very doable for my ADHD brain.
Nicole and I are talking about money mindset and confronting financial shame head-on with preemptive action. Her inspiring story shows that it is possible to flip your financial situation, no matter how deep you think you’re in it.
Listen Now!
Links & References
Time Stamps
[2:07] – Nicole’s bankruptcy was the catalyst to creating 5 Minute Bookkeeper™
[4:34] – Amber has paid the ADHD tax
[7:26] – Getting your hands dirty in your finances
[12:39] – Nicole’s Friday money dates provide support and accountability
[13:50] – Money shame related to not keeping up with your finances
[19:06] – The more you look at your money, the more you take care of it
[22:59] – Strategies emerge to achieve business goals when you pay attention to your finances
[25:18] – Can’t forget your silent partner
[27:00] – How Nicole regrouped with a positive mindset after bankruptcy
[31:45] – 5 minutes a day with your finances helps counteract ADHD impulsiveness
[34:07] – Reaching seven figures doesn’t necessarily mean you’re profitable
[35:30] – Where to find Nicole and 5 Minute Bookkeeper™
