155. Structuring Your Money Power Hour

The Easily Distracted Entrepreneur

One of the biggest challenges of many business owners is managing their money. Not because they’re not making money, but because they aren’t taking care of it. Without some clear actions around your money on a consistent basis, you might not make the best decisions about it.

In the neurodivergent world, it can feel really overwhelming to sit down and “take care of your money.” Because what do you need to do? How long will it take? What if I’m not happy with my revenue and would rather just ignore it all?

This week on the podcast, I’m sharing what a money power hour might look like for you. Some of the things we need to do should probably be done weekly while others you can do monthly, quarterly, or even annually.

So get out whatever you use to take notes and listen in! It’s time to prioritize your money.

Links and Resources:

• Join Inner Circle
• Scanner Pro

Time Stamps:

• [0:52] - The power of coworking and accountability
• [2:18] - Take a step back to do bigger picture stuff
• [2:40] - Tracking money and paying attention to it can make or break a biz
• [3:20] - What should you do during a CEO money hour?
• [3:58] - Set aside an hour each week--or less, if needed!
• [5:23] - Why we’re looking at our money
• [6:52] - Make sure you’re reconciling your accounts
• [10:00] - Scan your receipts
• [13:36] - Follow up on outstanding invoices
• [15:02] - Create a spending plan for your business
• [16:42] - Create revenue projections and goals
• [18:50] - Analyze your pricing
• [21:15] - Assess the services you’re using
• [23:25] - Renegotiate services
• [25:50] - Analyze the profitability of your offerings
• [29:43] - Money manifestation activities
• [32:34] - Start one habit, then add another