The boring sh!t in business Podcast with Amy Bajada

EPISODE 143 : The Impact of Financial Clarity: Boosting Cash Flow and Profitability through Paperwork

In the bustling world of owning a business, where time is a precious commodity and every decision feels like it could tip the scales between success and failure, it's not uncommon to find small business owners scrambling to juggle numerous responsibilities.
Between the whirlwind juggle of customer interactions, product development, and marketing strategies, there's one area that often ends up on the back-burner: paperwork and financial management.
But why do such ambitious individuals, who pour their heart and soul into their business, shy away from facing the numbers? Whilst we can convince ourselves it’s either boring, difficult or a bit of both … the reality is if you’re serious about running a business, this part should be neither.
For business owners who've been procrastinating on their paperwork, it's time to view it as more than just a chore. It's an opportunity to unlock a world of knowledge that can pave the way for success. The initial unease might give way to a sense of empowerment and control that takes the business to new heights.
take a listen. A x
For more information on ways to embrace your paperwork, book a discovery call with me at www.amybajada.com.au/discoverycall
To join the waitlist for my Small Business Cashflow Course head to www.amybajada.com.au/sbcc
 
 

EPISODE 142 : From Likes to Taxes: How influencers in Australia can stay ahead of the ATO’s guidelines

Since the rise of social media, it has transformed the way we as individuals communicate, share information, and even earn a living. Enter the age of influencers … individuals who leverage their online presence to gain followers in the hope of engaging with them, has created a new dimension of income generation.
In Australia, our tax man is all over this … with the tax landscape evolving in response to this emerging trend, prompting the Australian Tax Office (ATO) to provide specific guidelines for social media influencers regarding the management of their income reporting.
For those current influencers or even wanna be influencers out there, this episode is for you .. find out the ATO's expectations, and how influencers should navigate their financial responsibilities. Take a listen .. A x
Key moments throughout the episode ...
Classification of Influencers income types and their treatment
What is Fair Market Value and how to calculate it
ATO obligations and GST
Consequences of non compliance
How to stay ahead of the ATO
If you'd like to discuss ways you can effectively track your income and expenses as an influencer, simply head to www.amybajada.com.au/discoverycall 

EPISODE 141 : Small Business Success: Navigating Uncertainty with the 90-Day Goal Setting Strategy

Amongst the dynamic landscape that is running a business, small business owners face a ton of challenges daily that demand effective goal-setting strategies to drive growth and ensure success.
One such strategy in the world of setting goals that proves to have a significant impact and one that has been supportive of the ever changing climate that we exist in … is the strategy of setting 90-day goals.
This approach, which involves defining and pursuing objectives within a three-month timeframe, offers several advantages tailored to the unique needs and constraints of small businesses.
In this episode I wanted to delve into the reasons behind the effectiveness of this 90-day goal setting strategy for small business owners, along with the types of financial goals that can be highly effective in this strategy.
Take a listen .. A x
Key moments throughout the episode;
What is the 90-day Goal setting strategy? [02:49]
How the 90-day Goal setting strategy works [05:27]
Why using S.M.A.R.T Goals in this strategy helps [06:29]
What are the benefits for setting 90-day goals [08:35]
Some financial goals you can set and achieve in 90 days [09:55]
Why it will work for your business now [13:54]
The importance and link to annual goal setting [15:50]
If you'd like to learn more about the new goal setting resource I have on offer, please join my email community at www.amybajada.com.au/signup

EPISODE 140 : How to create a successful savings plan

Picture this for a moment : your business is flourishing, you’re turning your dreams into reality, and you have the freedom to face any economic change that comes your way with confidence. Now, hold onto that vision, because attaining such financial stability is well within your grasp! In fact, it's not an elusive dream but a practical and achievable reality – all it takes is a powerful savings plan.
Unveiling the true potential of your business pursuits begins with understanding the significance of a well structured and deliberate savings plan.
If the current economic climate has taught us anything, it’s that being prepared for change is essential. A savings plan helps you weather unexpected storms, economic downturns, or sudden market shifts without jeopardising the future of your business.
Neglecting your finances and putting off a savings plan can be detrimental. The longer you ignore your financial situation, the harder it becomes to make real change and secure your business's future. Let’s chat savings plans.
Take a listen. A x
Key moments throughout the episode ...
Step one : Assess your current financial situation PLUS actionable steps to do this [02:16]
Step two : Set clear savings goals PLUS actionable steps to do this [06:59]
Step three : Open a separate savings bank account PLUS what you should look for in an account [09:23]
Step four : Set savings withdrawals on automatic [10:44]
Bonus Point : Regularly review financial goals and progress and make adjustments as needed [11:52]
If you'd like to join my email community, simply head to www.amybajada.com.au/signup
Or if you'd like to learn more about what I do, head to my website www.amybajada.com.au
 

EPISODE 139 : Are you profitable or just busy?

In today's fast-paced world, being busy is often equated with being successful. It's like a badge of honour to be busy.
We've bought into the idea that being swamped with tasks and constantly on the move is the ultimate measure of success.
But through the hustle and bustle, have you ever stopped and wondered if all that busyness is actually making you profitable or if you're just caught in the busyness trap? Trust me, it's a question worth exploring!
Let’s chat about it. A x
Key moments throughout the episode ...
Exploring the concept of being profitable or just busy in business.
Importance of questioning the notion that busyness equals success.
Significance of prioritisation and clarity of purpose in achieving profitability.
Discussion on the difference between being busy and being productive in business.
Steps to evaluate business activities, including setting objectives, identifying key metrics, analysing data, conducting experiments, gathering customer feedback, and making adjustments.
Understanding the role of efficiency and effectiveness in maximising profitability.
Continuous evaluation and adaptation to market dynamics for long-term profitability.
Learn more about understanding profitability through my free Pricing PDF download www.amybajada.com.au/pricing

EPISODE 138 : Are you struggling to meet your financial commitments?

Recent studies have revealed that a staggering 30 percent of small businesses anticipate difficulties in meeting their financial commitments throughout 2023. It's a concerning statistic. But as concerning as it is, the reality is, we need to deal with it. We can’t continue to hope that we can just “ride it out”.
Whilst I never coined the phrase “Knowledge is power” … facing this reality in your business can uncover real actionable strategies that can help you navigate these challenges successfully, rather than suffer in silence.
Running a small business is hard, and financial challenges often arise unexpectedly. However, what’s important to remember is that you are not alone. Many business owners face similar obstacles along their journey. The key lies in embracing the right mindset and equipping yourself with the necessary tools to overcome these challenges head-on. Take a listen. A x
Key moments throughout the episode ..
How can we, as business owners, address this struggle when it seems impossible [04:46]
Where you can go to get a comprehensive cashflow management plan that works [06:32]
What is a cashflow management plan and what should it include? [07:22]
Your best protection against any struggles to meet your financial obligations [12:57]
Benefits of having a cashflow management plan in place [13:31]
Links as mentioned throughout ...
🔗 to join my Small Business Cashflow Course www.amybajada.com.au/sbcc
📧 join my email community www.amybajada.com.au/signup
📩 email me at amy@amybajada.com
📞 join me for a discovery call www.amybajada.com.au/discoverycall
 
 

EPISODE 137 : Are you too scared to open your bills or look at your bank balance?

“In the depths of a dimly lit room, shadows danced ominously across the walls. The air hung heavy with a palpable sense of unease, as if every creak of the floorboards whispered impending doom. A single, unassuming envelope lay upon the dusty table, its presence invoking a sense of foreboding in the unsuspecting occupant. Trembling hands reached out, clutching the dreaded missive tightly, as beads of sweat formed on a furrowed brow. A chilling silence.” …
Ever feel like this as bills arrive into your business?
The overwhelming sense of dread that lingers as you run through whether your bank balance can handle it, only to hope that the mere act of ignoring it, it might just buy you some more time to pay?
Here’s the thing, reality exists in that envelope whether you open it or not .. if you can relate, take a listen. A x
Links mentioned throughout ..
My Small Business Cashflow Course is back on the 17th July 2023.  To join, simply head to www.amybajada.com.au/sbcc
 

EPISODE 136 : Can your cashflow survive this current economic crisis?

Question : would you put your current bank balance all on red in a game of roulette with the hope of the ball falling correctly? This is exactly what most business owners are doing by not forecasting their cash flows correctly. You see, in a game of roulette, it’s all about the odds, about taking a chance. Some times it will be in your favour but most times not. Cash flow should never be about taking a chance, or about hoping that the odds fall in your favour. Correct cash flow forecasting provides direction and allows you to make more informed money moves with clear intent and purpose. We are living in a time where every dollar counts.
Do you have a solid cash flow plan in place to ensure you ride this wave of uncertainty? If not, then take a listen …. A x.
Links as mentioned throughout the episode ..
Join my Small Business Cashflow Course Waitlist here www.amybajada.com.au/sbcc
For updates on more financial support, join my email community www.amyabajada.com.au/signup
 

EPISODE 135 : Why Return on Investment isn’t always financial

In the pursuit of trying to run a business, learn all the things, ensure we spend our money purposefully, we often forget that return on investment in our business doesn’t have to always be financial. Conversely, what we invest doesn’t necessarily come in monetary form either.
I’m all for the numbers and for making money, but neglecting to account for the valuable information, teachings, skills upgrade that can be obtained through various non financial channels can put us at a serious disadvantage.
Now is the time to tap into the valuable content that experts are providing, via various delivery options and look beyond the immediate result and to the long term benefits. Take a listen. A x.
Links as promised throughout the episode ..
Hank Paul's FREE Allyship + Impact Masterclass : https://www.hankpaul.co/allyship-and-impact-registration-page
My Small Business Cashflow Course waitlist : www.amybajada.com.au/sbcc
Episode 68 with Hank Paul : https://theboringshityouneedtoknowaboutbusiness.podbean.com/e/ep68_henry_paul_from_hank_paul_photography
 

EPISODE 134 : 5 ways to stay positive in uncertain times

Uncertain economic times can be daunting for small business owners, we often find ourselves forced to navigate economic fluctuations, and uncertain times without much support and often alone.
I get how hard it can be to maintain a positive mindset whilst striving to continue the daily grind with the hope of long term stability and longevity. But here is the ironic thing .. maintaining a positive mindset and continually showing up are critical elements for business survival, even in the face of adversity.
In this episode, I wanted explore just how small business owners can stay positive whilst remaining impactful, as we head into uncertain economic times. Here are five practical strategies that can help business owners navigate such challenging circumstances. Take a listen. A x
 
Key moments throughout the episode ..
First Strategy : Develop a growth mindset [02:26]
Second Strategy : Open and honest communication with key stakeholders [05:12]
Third Strategy : Build collaborative partnerships [07:59]
Fourth Strategy : Be flexible & adaptable [10:04]
Fifth Strategy : Prioritise Self-care and wellbeing [12:05]
To key more great tips and financial support, join me in my email community www.amybajada.com.au/signup