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Financial Gym for Business

BUILD A BUFFER OF PERSONAL MONEY & STAY OUT OF DEBT

You are here: Home / Blog

Why Your Money Will Work for You Like Nothing Else Can?

December 1, 2015 by Georgette Rowland Osborne

money-download-computer_pixabay1050161_1280

Managing money is a job that so many business owners leave until everything else is done. Statistics show that female entrepreneurs are more likely to do this than men. To generalise many women prioritise purpose and meaning before profitability. This is a very authentic way to conduct business. Nevertheless it is important to give money the time and attention it deserves.

Treat your money like your best member of staff and it will pay you back in spades. Find out how in my article at SheOwnsIt.

 

 

Campari & Ice – Not Just a Drink, But a Way to Get Money

November 27, 2015 by Georgette Rowland Osborne

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Campari and Ice_Would a lender give YOU a Business Loan

Would a lender give you a business loan?

While getting investment is a goal for many small business people; the reality is that the majority of micro and small businesses are just not investible, or not at investment ready. So the option for them is still the traditional business loan or overdraft; unless you are lucky enough to have a rich relative. Bear in mind that to a bank; they are investing in you. They may not be getting the same rewards, such as dividends, like a regular investor. So they need to know who they are getting into bed with.

In today’s episode I would like to give you some benchmarks that you can use, to give you an idea whether or not you and your business would be considered a good enough proposition for a loan or to some degree an overdraft.

You will also hear

  • How your historical financial management has a big impact on whether you should borrow at all.
  • A “Yes” from a bank could be the worst thing to happen to you.
  • What is Social Capital?
  • Should you borrow at all?
  • The more money you have, the more money you will get.

And much more

[spp-tweet tweet=” A YES from a bank could be the worst answer for your business “]

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

Show Links & Resources

WaveApp accounting software

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

 

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Picture credit: freedigitalphotos.com by tiverlucky

 

 

Burned Out by Your Business? Here’s How to Get Your Mojo back

November 23, 2015 by Georgette Rowland Osborne

Batman Prisoner to Batman - image credit Kissthemgoodbye.net

Entrepreneurship is tough. It can take a heavy toll on your energy, your productivity and your mental state.

I recently had the privilege of becoming a contributing author for Addicted2Success Magazine. If you want some actionable steps on how to overcome intense overwhelm, you can read the article here

 

 

 

 

 

 

 

 

 

Image credit: kissthemgoodbye.net (Dark Knight Rises)

12 Ways to Raise Business Funds without a Bank Loan

November 13, 2015 by Georgette Rowland Osborne

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12 Ways to Raise Funds without a Bank Loan

 

One of the big fall-outs of the 2007/2008 financial crisis was the way the banks stopped lending. If you imagine the banks as a castle, there were all these companies who had been waiting outside for the drawbridge to come down and rescue them, but instead they watched it get pulled up abruptly, without them on it. And at the very time they were at their most desperate.

Even with government bailouts, the banks did not appear to be any more inclined to start trusting business people with credit terms any time soon.

With the passage of time, the banking industry insists that that situation has changed, but I am still regularly meeting business people who say they still struggle to obtain a loan from their bank. And those that do get approved can find themselves on the receiving end of unfavourable terms. As well as not getting as much money as they need.

But what I am also experiencing is a growing number of business people who want to borrow, they may even be seen as eligible by a bank, but they have decided they do not want to go that route. If this is you or you are struggling to get a bank to take you seriously then there are other funding options you could consider.

 

Podcast Reviews & Thank Yous

Thank you to Timothy Lewis of the Begin Self-Publishing Podcast. If you are one of the growing band of self-published authors, or you are thinking about it, check out his show at beginselfpublishing.com for some tips on self-publishing platforms, how to promote your book, Amazon tips and much more. That is beginselfpublishing.com

 

[spp-tweet tweet=” Why service-based business should take deposits or payments up front from customers “]

 

Show Links & Resources

http://www.financialgymforbusiness.com/BookATime  Book a 10 minute chat with me

beginselfpublishing.com

Horror Stories of Going into Business Partnership

4 Networking  and Brad Burton

GOV.UK Finance Support Finder

http://responsiblefinance.org.uk/

Kickstarter    Crowdcube    Patreon    Teespring  Seedrs

FreeAgent

 

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

How to Increase Your Chances of Borrowing if You Are Self-Employed

November 6, 2015 by Georgette Rowland Osborne

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How to borrow if you're self employed
I am a great fan of bootstrapping, but there are some business models that just require cash more than others. Product-based businesses are an example.

Bootstrapping does not often give you the reserves quick enough to act on an opportunity. Before you consider borrowing I would urge you to possibly rethink your business model and/or the opportunity you want to go after. You can assess whether you can approach things in another way; a way that would allow you to fund what you need to do from your profits.

Furthermore if you are planning to borrow or look at some type of funding, I would suggest that doing it as a sole trader is not the best way to go. There are a host of reasons why you would be better trading as a Limited Company if that is the case.

And if you are going to borrow, please don’t do it to get out of financial problems as this could just make things a whole lot worse. The best reason to borrow is to improve or expand your business.

I don’t doubt that you are aware of most of the points I’m going to give you, but you will be surprised how you forget, or did not realise that something could have an effect on your application.

[spp-tweet tweet=” The best reason to borrow is to improve or expand your business “]

Show Links & Resources

Equifax
Experian
ClearScore

Download your 5 Tools to Freedom
Get the Book
How to Rate & Review a Podcast in iTunes
http://serialpodcast.org/how-to-listen (This is brilliantly done)

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When Your Unhappy Wife Says It’s Not About You – She’s Lying

November 4, 2015 by Georgette Rowland Osborne

(Audio version available below)

You don’t just believe she loves you, you are sure of it. Yet, you can feel her slowly slipping away from you.

 

You reach out to touch her, and you feel her body tense. It’s so subtle; you used to think you imagined it. She rolls her eyes each time you speak. It is as if everything you say is ridiculous. You almost wish she would get angry so you can talk openly. Instead, she is pleasant but detached.

The few times you do find the courage to express how cold she has become, she denies anything is wrong. And for a little while, she goes out of her way to be extra attentive and loving. But you know it is not going to last. In a few days, you will be back to waiting alone in bed, while she keeps herself busy. You know she is waiting for you to fall asleep first.

Yet, with other people, she is still the fun-loving woman you fell in love with.

Women do exist who show no respect for a man, regardless of what he is like. [spp-tweet tweet=”No matter what her man does, he will always be wrong. “]            

Her feelings for him are not strong enough. There is also the wife or girlfriend that nags you and gives you a bit of a hard time. It can be annoying, but it is not personal. When all is said and done, she is there for you and you feel close to her.

What do you do if you have the lady in this scenario that is polite but aloof? This is perhaps the most difficult to cope with. You believe happiness with her is within your reach. You just cannot seem to grasp it.

I spend my life working with entrepreneurial women who prefer not to go home. I am going to share a few of the things they tell me that a man may never guess would be a problem.

♦◊♦  

You rely too much on her for support.

One of the wonderful benefits of an intimate relationship is to have somebody who supports and encourages us. Even so, it is not their responsibility to validate us so that we feel loved. When we rely heavily on the approval of our partner, it puts enormous pressure on them to act how we want them to. By default, it means they are not free to just be themselves. They will eventually resent you for putting them in that position. From a sexual perspective, a needy man is just not attractive.

You are boring.

Spending time with your partner is extremely important. Date nights are marvellous for keeping the romance alive. They are not so marvellous if they are the same dinner and a movie routine that you have been doing since you met. It is remarkable how two people in a relationship can have the same conversation over and over again. “How was work?” “What time is American Idol?”

Being more imaginative does help, but another way is to have interests outside of your relationship. That way, when you come back together, you have new things to talk about. The irony is that if you are a man that relies on your lady for lots of support, you are less likely to do things without her, or with friends of your own. When you find a pastime that you are passionate about, you become more interesting to her, and it makes you feel great too.

You sulk, go quiet or walk away when you are frustrated. 

This is classic, passive aggressive behavior. You could justify it because you need space to process or calm down. Maybe you do. But each time this happens–just like water dripping on a stone–it will wear away her respect for you. You risk her thinking you avoid situations or that you are emotionally immature.

You use money and gifts to get the reaction you want from her.

She wants to love you, so encourage her to share her feelings.

I cannot image any woman who does not enjoy receiving gifts or having money spent on her. It is lovely. But an intuitive woman can smell manipulation from afar. You love her, and you want to please her. The problem is she knows you are only doing it to get on her good side. If you spoil her all the time; then good for you. But if you only do it at specific times, like after an argument, or worse, just before you try to make love to her. Note I said try.Furthermore, if you already disagree about finances, it just makes matters worse.

Money is the issue that gives me an insight into the private world of the men and women I work with. When they decide to tackle the finances in their business, it can open a window into the other areas of their life which they also want to repair.

♦◊♦

It is hard to feel criticized because you love someone. She probably feels stupid and petty herself; so she doesn’t say what is truly on her mind. Remember, you are not responsible for your partner’s behaviour. She can always choose how she responds. She cannot, however, choose how she feels.

She wants to love you, so encourage her to share her feelings, no matter how difficult it is to hear.

Imagine if the next time you reach out to touch her, instead of flinching, she reaches out to touch you, too. And this time it is because she wants to.

First published on The Good Men Project Magazine

Hidden Costs of a Business Premises that could Ruin You

October 30, 2015 by Georgette Rowland Osborne

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Hidden Costs of a Business Premises that could Ruin You

If you haven’t listened to the two previous episodes where I tell the stories of how I messed up with my first 2 attempts at renting premises, I would say to do that before this one. This is more of a to-do list.

While it is essential to have knowledge, the reasons why you need the knowledge is just as, in fact maybe more, important. Because it will remind you what could go wrong. Plus you get to hear just how naïve I was back then.

Today I am going to give you an extensive list.

And as a gift for being a much appreciated listener you can download a free checklist for your own use. No opt in or email sign up necessary.

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=”Get your free Business Premises Checklist. No opt in or email sign up necessary”]

Show Links & Resources

Free Business Premises Checklist
50 Tips for Starting Your Own Company
It first appeared on Entrepreneur.com

Download your 5 Tools to Freedom
Get the Book
How to Rate & Review a Podcast in iTunes
http://serialpodcast.org/how-to-listen (This is brilliantly done)

Serious Fraught Office – My Business Premises Mistakes No.2

October 23, 2015 by Georgette Rowland Osborne

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Serious Fraught Office

Did you catch part 1 of My Horrendous business premises mistakes? You know what I am going to say don’t you? Go listen.

Today I will tell how I got it wrong again. This time it was a combination of things. But still a steep learning curve and though I joke, it was a very dark time in my life.

So I will give you the story and I will point out what I didn’t or should have done. I really don’t want you to go through what I did.

You will also hear:

  • How a solicitor gave me good advice to the wrong questions
  • How we were burgled and other dramas
  • Why I had to admit defeat with that business
  • What I did when the landlord refused to let us out of the rental agreement
  • What does all of this have to do with the Baldwin sisters from The Waltons tv show

And much more

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=” In business expect the best, but plan for the worst – Firmer Figures Business Show “]

SHOW LINKS & RESOURCES

Baldwin sisters from The Waltons TV show

Pocket

Download your 5 Tools to Freedom
Get the Book
How to Rate & Review a Podcast in iTunes
http://serialpodcast.org/how-to-listen (This is brilliantly done)

Midnight Escape – My Horrendous Business Premises Mistakes

October 16, 2015 by Georgette Rowland Osborne

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Midnight Escape _ My Horrendous Business Premises Mistakes
Midnight Escape _ My Horrendous Business Premises Mistakes

 

Today I am going to share with you

  • How to I rented my first premises from a “gangster”
  • Why we had to quickly park up and leave secretly one night
  • What is was like to find information when the internet was young
  • Why you should be careful who you trust in business

[spp-tweet tweet=” Who ever met a crook that told you they were a crook? Confessions of a dumb business person Part 1 “]

 

Show Links & Resources

Youpreneur.com

Chris Ducker

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

Tips for Choosing a Business Premises

October 2, 2015 by Georgette Rowland Osborne

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Choosing a Business Premises podcast

Finding the right office or premises is one of the most important decisions a business owner ever makes. If you get it wrong, you can be left with a problem that can break your business. But the right premises can greatly improve how you are perceived by your customers, suppliers, investors, etc.

If you have a good working environment you will be able to get and keep good staff. And if your setup is well thought out you could see your productivity increase immensely.

Today I am going to give you:-
9 Things to think about before you start looking for a premises or workspace

You will also hear

  • How millionaire James Caan’s first office was practically a closet
  • Why outsiders, like clients and suppliers, make a difference to your choice of working location
  • Why staff needs are so important
  • How your location can affect your company’s culture
  • Why your personal needs are more important than you think
  • Understanding an introvert or extrovert environment
  • What type of addresses are available for virtual and bricks and mortar business owners
  • Apps that give you flexibility

[spp-tweet tweet=” Finding the right business premises is one of the most important decisions a business owner ever makes “]

Show Links & Resources

Business Set-up/Start-up Snapshot Mindmap
Mindmup
Productivity Apps – Dropbox, Evernote, Teamwork, Asana
Accounting Apps – FreeAgent, Quickbooks, Xero
Franchise episode
Licencing Episode
Pixar
Inside Pixar Documentary
Bloomberg News

Download your 5 Tools to Freedom
Get the Book
How to Rate & Review a Podcast in iTunes
http://serialpodcast.org/how-to-listen (This is brilliantly done)

Image courtesy of Flickr

The Horror Stories of Going into Business Partnership

September 25, 2015 by Georgette Rowland Osborne

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Going into Business Partnership_image blog

 

So you want to go into business with someone else or a number of people. Maybe you are looking at merging your business with another one. Partnerships, are they a great way to run a business or a disaster waiting to happen?

I am talking about legal partnership arrangements, not to be confused with joint ventures, which can include temporary deals, collaborations and affiliations. That is a subject all on its own.

You will also hear

  • What you need to know so you can negotiate with confidence
  • The minimum 6 things you must address in a business partnership
  • Why it is more important to be formal with people close to you
  • Reasons partnerships work for some people
  • Real stories of how partnerships go wrong
  • Why equal partnerships are not always a great idea
  • Differentiating between a trading partnership and an investment partnership

 [spp-tweet tweet=” Partnership agreements are like pre-nuptials. You hope you don’t need it, but if you do, you’re covered “]

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

Show Links & Resources

Sole Trader v Limited Company v Partnership – How to Choose

Quick Tip Guide – Choosing Sole Trader v Limited v Partnership

Smarta.com

 

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

 

 

Flickr.com/dvids

For Your Children’s Sake it is Important to Pursue Your Dreams

September 22, 2015 by Georgette Rowland Osborne

School Run Podcast with Victoria Casebourne

I recently had the pleasure of being the featured guest on one of my  current favourite podcasts The School Run hosted by Victoria Casebourne. It is a great source for women, particularly mums, who could do with encouragement and advice as they navigate juggling work, entrepreneurship and family. Check out my episode here

 

 

 

 

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Testimonials

  • Andy PetersonAndy PetersonIntuit UK QuickBooks

    "Thanks for being one of my favorite partners this year. As one of my US colleagues would say – ‘You’re awesome!’

  • Steve SweetloveSteve SweetloveDirector - Right Hand HR

    “Dear Georgette, further to the work you carried out for one of my clients; I am writing to express my gratitude. The client was the first to admit that since incorporation the bookkeeping had been close to non-existent.

    Compliance was causing him anxiety as the industry his company trades in is tightly regulated.

    I received a call in which he expressed how relaxed he felt now that he was in good hands. I will not hesitate to refer you to family, friends and colleagues, as well as passing future clients to Precision/Financial Gym.”

  • Lillian KyeiAccountant

    I have tapped into Georgette Rowland’s expert knowledge; especially in relation to Estate& Letting agency accounting procedures. She is very efficient and reliable, readily to offer advice and help.
    I would highly recommend Georgette & Precision Bookkeeping for all your bookkeeping requirements and you will not be disappointed

  • Michelle HolmesMichelle HolmesThe Energetic Activist

    Georgette Rowland Osborne!!! You ROCK ROCK ROCK!!! Thank you sooooooo much! I freaking LOOOOOOOOOOOVE you Mrs! You are freaking ridiculously awesome! I need to broadcast you to the world!

  • Suzannah Nichol MBESuzannah Nichol MBEChief Executive Build UK Group of Companies

    "Our growth as a business has been fantastic and I truly meant it when I said you played a major part in that growth. Many many thanks"

  • Shelly CollinsShelly CollinsDiveristy Expert & Director of Just Resources International

    "Thank you Georgette, you changed my business and turned my life around!” 

  • Judith HollowayJudith HollowayParenting Expert & Property Coach

    “Georgette doesn't mince her words and gets straight to the point, with lightness and love - so refreshing!" 

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