Understanding And Managing The Numbers In Your Business (And Why This Matters If You Want To Make Bank AND Get Paid)

I’ve always been good with money. Whether I was making $30k a year in my pay-the-bills job or now making multi six-figures in business, I’ve always had a system that ensures overflow in my bank account.

After closing an $88k sales month, I’ve really seen the value of understanding and managing the numbers in my business and bank account in a whole new way. 

In fact, I believe being a good steward to my money and having systems that set me up for success are part of what’s allowed me to sustain my income and scale to receive more money.

Because energetically, money loves a purpose and a container. And, practically, knowing business expenses and taxes are covered and being able to pay myself a real salary takes the desperate energy out of business. There’s a difference between making bank, and making bank and getting paid.

I also know not everyone loves playing with and managing money the same way I do. In fact, this is something I’ve been talking about a lot recently with clients and colleagues, and I know this can be a confusing, overwhelming, and emotional topic.

That’s why I did this live to spill the tea on the back-end of my business finances so you can understand and manage the numbers in your business. 

While I’m *not* a financial advisor (legally, I am not giving financial advice, y’all), I have built a multi six-figure business, without debt, that brings in an above average profit...meaning, I pay myself more than many businesses bringing in 5X the revenue.

I’m sharing some business money basics (like, what’s the difference between revenue, profit, cash, and sales?), the way I manage the money that flows in and out, the practical way I ensure there’s *always* enough, and my mindset and philosophy around investing.

I kept this SIMPLE (you know that’s how I like it) so you can take these concepts and apply them to your business numbers.

If you're curious about what the numbers in your business mean and want a better handle on the money you take home so you can make bank AND get paid, this is a conversation you don’t want to miss!

Wishing you your version of success.

XO, Kim

WE COVERED:

• The difference between cash, sales, revenue, and profit and why this matters if you want to make bank and pay yourself.

• The most important number in your business for sustainability and scalability.

• The difference between an employee and CEO mindset when it comes to making money and getting paid (and the #1 thing you need to know as a business owner that wasn’t important as an employee).

• A look behind-the-scenes at exactly how I manage my money to ensure there’s always an overflow.

• Real talk about running a business, expenses, and ‘it takes money to make money’.

• My mindset around paying myself and how this helps me feel financially free.

• What I believe about saving, manifesting, and abundance and how you can apply this thinking to your money to remove the pressure and bring way more security and ease.

• The first place I always invest my money that’s *always* brought me the best ROI.

• The second place I invest that feels like an insider’s secret for making money while you sleep (hint: this is the real ‘passive income’ that doesn’t require launching or ads).