Welcome to 2025! This year, I’ve chosen a word to guide my intentions and focus: embody. It’s a reminder to fully embrace who I am as a bookkeeper and to help small business owners truly understand their numbers. My mission in 2025 is to help more clients feel calm, confident, and in control of their finances.
Why? Because financial confidence is a key foundation of your business. When you understand your numbers, you’re able to make informed decisions, grow sustainably, and build a business aligned with your goals.
Here are some ways you can start embodying financial confidence right now as a small business owner:
1. Gain Clarity on Your Numbers
Confidence begins with understanding. Use these steps to get a clear picture of your financial health:
- Review your profit and loss reports: Know what you earned and spent in 2024 to spot patterns.
- Monitor key metrics: Keep an eye on cash flow, profit margins, and expenses.
- Set up reliable tools: Platforms like QuickBooks can help you organize and analyze your data.
- Consult with a professional: Schedule regular check-ins with a bookkeeper (like us!) or your CPA for insights and guidance.
When your financial picture is clear, making decisions becomes easier and more strategic.
2. Make a Financial Plan
A strong financial plan helps you confidently start the year. Begin by setting clear revenue goals for each quarter, outlining exactly how much you want to earn, and identifying your priorities. Focus on necessary expenses and high-impact investments that will move your business forward. Don’t forget to prepare for taxes by setting aside a percentage of your revenue now to avoid any surprises come April. And finally, build a financial cushion into your plan—having an emergency fund in place can help you navigate unforeseen challenges with peace of mind.
3. Prioritize Profitability
This year, consider implementing Profit First bookkeeping—which flips the script on traditional accounting by prioritizing profit over expenses. This system allocates your income into designated accounts for profit, taxes, owner’s pay, and operating expenses. This ensures you pay yourself first and avoid overspending. By implementing this approach, you’ll gain clarity on where your money is going and build a business that serves both your personal and professional goals. Book a free consultation with us here to learn more about our Profit First Consulting services.
4. Commit to Financial Growth
Let 2025 be the year you dive deeper into understanding small business bookkeeping and financial management. Start by exploring books, blogs (look at you, already crushing it!), or podcasts made for small business owners (shameless plug: check out my podcast Those Gals at Work). Most importantly, work closely with a bookkeeper—like us—who can help you make sense of your financial reports and provide actionable insights. The more you know, the better equipped you’ll be to make smart decisions for your business.
If you’re ready to embody financial confidence in 2025 and get your books in order, let’s talk. Reach out to us here or learn more about our team here.
Here’s what one of our clients shared about their experience working with us:
“I’ve worked with KC Virtual bookkeeping for a few months now and it has made my life so much easier! They have helped clean up my books, customized my P&L, and made me feel so much more confident that my books are updated and accurate. Very thankful for their team and support!” –Molly N.
