“I cannot take these numbers to my accountant. I’m so embarrassed! I’m so dumb. They’ll know how stupid I am! How can I run a business and not know how to read my profit and loss or my balance sheet? I’m not even sure everything is categorized correctly. They’re going to think I’m an idiot! “
“I can’t apply for a loan! What will the banker say when they see our bank statements? They’ll know I have a Taco Bell addiction. How embarrassing! I’ll just borrow the money from Mom again.”
“I can’t tell my customer they have to make a deposit. They’ll think I’m broke!”
Stop ACTING like you have your act together and ASK. FOR. HELP.
Running a business is challenging.
It involves cash-flow, budgeting, financing, team building, payroll, sales tax, property tax, payroll tax, income tax, income and expense, employee management, human resources, workman’s comp insurance, property insurance, liability insurance, systems, productivity, profitability, customer loyalty, sales, marketing, employee retention, employee development, scheduling, ever evolving technology, competition, market share, employee bonuses, HR manuals, job descriptions, KPI’s, customer satisfaction, product quality, service quality, lead generation, conversion rates, average dollar sales, tracking, testing, measuring, adjusting, goal setting, equipment, inventory, employee reviews, contractors, W2 employees, Profit & Loss, Balance Sheet, Assets, Liabilities, Merchant accounts, E Commerce, CRM’s, contracts, leases, planning, projecting, growth, scalability, sustainability, product development, manufacturing, oh my!
You do not have to be the expert in all of these areas! You do however, need to ask for help when you’re struggling with one or all of them.
By acting like you’ve got your act together you are stifling your growth and risk losing the business you’ve worked so hard to build.
Hire an expert. Talk to a CPA. Get a coach. Have lunch with someone who’s really good at what you’re not AND stop acting like you’ve got your act together.
Be honest. Be vulnerable. And get the help, advise, information, assistance, and guidance you need to be SUCCESSFUL!
Stop acting like you have your act together:
- Get better at business
- Reduce your stress
- Grow personally and professionally
- Run a better business