I just got burnt – and I got burnt real bad! But just call me Phoenix because I am arising from my ashes.
If you’re a loyal reader over on my blog, or even just on my social media posts, you will know I’ve had a tough year!
Most entrepreneurs struggle in the early days of their business, usually in the start up stage when they are trying to fully equip for their needs or obtain new clients.
But in true Ivy Wood style (Ivy Wood being my alter ego here) I of course have to be different.
Years 1 – 5, yep perfect! No qualms! Aced it and I loved being a business owner. Year 6, fall flat on my face!
But I am getting myself ready to bite back and take my business to exactly where I want it to be!
Here’s what I have planned for the next few months ahead:
Magic my Mindset
I’ve been working on my mindset now for a few months. This year I’ve taken a new approach and have been undergoing hypnotherapy with the lovely Dee Go who has a treatment room in my building. We’ve been working together and improving both my spiritual awakening and also my confidence and self belief. If you haven’t tried meditation or hypnotherapy before I would highly recommend both treatments. I still need to put more efforts into journaling and gratitude but overall I am beginning to feel a shift in my mindset. And I can definitely vouch for the law of attraction too…
Build up my Team!
To have 100 active accountancy clients all by myself was an incredible achievement! But bloody difficult! I was so relieved when my lovely apprentice came on board in October! The difference it has made is HUGE and in fact come January she was ploughing through the data entry and I just couldn’t keep up with her. February is usually my quietest month, but not in 2018. I therefore made the hefty decision to employ another 2 staff members. We have a payroll Pixie who will be joining us on a weekly basis looking after our client payroll procedures and also an in house admin assistant who will be keeping the work order all in check. Exciting!!
Charge my Worth
This is one of the biggest changes I plan on making. I set my rates 6 years ago when I had zero overheads – I worked from the back bedroom with very basic, no frills and completely free bookkeeping and accountancy software. Would you believe me if I told you I’ve never increased my prices? Despite now having a plush new office, all singing and dancing software, staff members, pricey investments in my personal development amongst everything else. Crazy I know! And by the time I add in my full time childcare fees for 2 children I work at break even. Unfortunately I’ve had to learn the hard way and what I’ve come to realise is when you undervalue yourself, people will undervalue you even more! This is my time and I am now going to value myself. From now on if people are not appreciative they are no longer worthy of my time. Time is precious and I need to use it wisely.
Passive Income Streams
For those few that think my business is run purely for monetary rewards please feel free to come check out my bank balance – you’ll soon see other wise! But at the end of the day this is my business, not my hobby and I need to start earning a living. I’ve already mentioned a price increase but as I’m a nurturer and I want to help others more it won’t have a huge impact to my bottom line. That’s why I’ve created several passive income streams to boost up my bank balance. Over the next few months expect to see some exciting online course including ‘How to file your tax return in 6 weeks‘, ‘Bite Size Business School‘ and also a community for small business owners who enjoy preparing their own bookkeeping but just need that little help along the way.
I am on a mission to inspire others! This has been my purpose for the last 6/7 months and I’m really passionate about it. I’ve been through the highs and the lows, I’ve over come hurdles, negativity but still pushed on to reached my achievements. I want to share my experiences with others and help them on a day to day basis. I’ve already co authored Mumpreneur on Fire 2 – which is a no 1 Amazon top seller. The book consists of 20 inspirational stories for mums in business. But I don’t want to stop there! I want to reach out of my comfort zone and feature in many more articles and publications and even possible public speaking gigs! Eek!
And last but not least I am incorporating family time into every day life. Obviously I spend time with my family on a daily basis but what I mean is quality family time. Declan and Isla are both out of the house from 8:30 until 18:00 and I miss them. We’ve had a family shake up these last few weeks so I finally introduced an hour each day at the kitchen table either playing games, reading, colouring and have a chit chat over a cup of tea and some biscuits! It’s been lush and so far so good. My aim is to only work school hours by the end of 2018 and now I have a budding team, I don’t see why this wouldn’t be achievable!!
I’ve had some amazing support from the network around me! For every negative set back I’ve had 10 positives pushing me forward! If you’re suffering the burn out too just remember you are not alone and there will be people around you to pick you back up, you just need to look in the right places!
You’ve got this ladies – just bite back! And bite hard!
(But don’t tell my toddler I said that (oops!))