profile

Possible Promise Financial

Be Easy on Yourself

Published 7 months ago • 1 min read

Starting a business is a large undertaking. There are so many moving parts — so many things to take into consideration.

In the midst of all this, you're almost certainly going to make a mistake here and there.

But that's OK. it's not the mistake itself that will usually impact the business in the long-run: it's what you do about that mistake.

It's about whether you take it in stride, or allow it to affect your confidence and belief in your own success. Those who see mistakes as just part of the process are more likely to just allow it to be a blip on the radar — nothing more.

A successful business is generally more about whether you found a way to bring value to the world, rather than whether you made a couple mistakes along the way.

So be easy on yourself. Being a successful entrepreneur does not mean you need to be perfect. It means you need to be resilient, adaptable, and willing to persist even in the face of setbacks and obstacles.

You can prevent many of these mistakes simply by partnering with a bookkeeper who can give you deeper insight into your business's finances, allowing you to see any potential pitfalls with plenty of time to avoid them. When you know that someone is keeping an eye on the financial side of your business and will warn you of any issues they see, you can feel more confident and capable to pursue the success of your business. To get started, just schedule a free consultation and let's discuss how I can help.

In support of your vision,
Brandon

Possible Promise Financial

Read more from Possible Promise Financial

Well, it's been a while since my last blog post. I've been busy with end-of-year preparation for clients, not to mention going back to school to pursue a degree in accounting. I recently wrote a research paper for one of my classes that I thought would be perfect for this blog. The paper examines whether the four-day work week has as many advantages as commonly reported. My research surprised me, to say the least, so I hope you find this post informative. Click Here to Read the Post In...

about 1 month ago • 1 min read

Many business owners get burned out, putting endless time, energy, and resources into their business, but barely drawing a profit for themselves. That’s not to say the business doesn’t make a profit, but it’s common to simply want to reinvest that profit back into the business, believing that such is necessary to sustain steady growth. In this blog post, I discuss why it’s actually just as important that you withdraw a healthy profit from your business. Your business should serve you just as...

5 months ago • 1 min read

There’s more to bookkeeping than tracking income and expenses. Things can get a bit complex, especially when dealing with accrual-based methods, which involve recognizing expenses and revenues after, or even before, cash actually changes hands. Sometimes you want to prepay for an expense up to 12 months in advance, maybe to lock in a discount, or simply because that’s what the vendor requires. In accounting this is called, appropriately, a prepaid expense, and it requires special handling. So...

6 months ago • 1 min read
Share this post