Having the financial mindset

In this episode Judith Germain speaks to Kerry-Ann Powell about the importance of maintaining a consistent positive cash flow in small and medium-sized businesses. They emphasise the need for regular analysis of financial statements, forecasting, and making informed decisions to avoid perpetual negative cash flow.

They discuss the importance of financial forecasting and planning for businesses, especially in uncertain times like the COVID-19 pandemic. Kerry-Ann emphasises the need to start with shorter-term forecasts and gradually extend them, while also implementing systems and automation to streamline invoicing and cash flow management.

She discusses the importance of mindset in business success, using an example of a client whose childhood money story was impacting her decision-making process. Kerry-Ann shares the importance of examining one's beliefs about money and identifying where those beliefs came from.

Kerry-Ann Powell is committed to spreading the gospel that running a small and medium-sized business is vital and important to our economies, yet it doesn't have to feel like trying to manage a chaotic tornado. Business owners can run their business smoothly and feel confident that they will thrive.

This is an important conversation about running a business that can weather financial storms and see new ways to improve cash flow.

You can find out more about our guest and today's episode in this Maverick Paradox Magazine article here.

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The consequences of not having the right level of influence as a leader can be significant. Without the ability to inspire and motivate others, you may struggle to achieve your goals and make a real impact.

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Judith's websites: 

• The Maverick Paradox Magazine - themaverickparadox.com
• Company Website - maverickparadox.co.uk

Judith's LinkedIn profile is here, her Twitter profile (MaverickMastery) is here, Facebook here and Instagram here.