When you're planning for some new venture in your business — whether it's bringing on a new employee, or taking on some new expense — I 100% believe it's important to make sure there's room for it in the budget, first.
But sometimes, an idea just strikes out of nowhere — an idea that you're so certain will work out, you simply want to act on it right away without worrying about the details.
I think there has to be a balance between planning and inspiration. Some people are 100% on the planning side, and while their business is very fiscally healthy, they might miss some opportunities to take their business to the next level and beyond.
Whereas others are 100% on the inspiration side, and while sometimes an idea might come that truly does change everything for the better, often they chase so many ill-defined ideas that the basic foundation of the business is threatened, and paradoxically, they end up just spinning their wheels, going nowhere.
The magic is in the balance between planning and inspiration — logic and intuition. Be open to new, inspired ideas, even if everyone else thinks they are silly or will never work. But make sure your business finances can support you in pursuing that idea. Reflect it in the budget. Ensure you won't be putting your solvency at risk.
I'll often get a call from a client asking, “Hey Brandon, I want to do X — is there room for it in the budget?” And I always do my best to make it work. Sometimes I'll ask if we can put it off for a month or two, or I'll simply say “yes, but there are some risks,” and the client can decide from there. But I always do my best to support their inspired ideas.
That's why it's helpful to have a bookkeeper on your side who can both keep you grounded but also find a way to make your inspired ideas work, or warn you when they simply won't. If you'd like to partner with me to make your inspired ideas a reality, schedule a free consultation now and let's get started.
In support of your vision,