I started out working for a friend. Initially I was setting up a database, but it soon became clear they needed help with their bookkeeping. There were no systems, they never knew how much money was in the bank and invoices went unsent and unpaid. Just like many new businesses they were living one day to the next financially, never knowing if there would be enough money to pay the bills. I offered to help out – and discovered I loved it!
It was extreme bookkeeping. I had never done it before and was learning as I went – in other words in a storm! There were no systems, invoicing had been sporadic and clients only paid when hassled. There was never enough cash in the bank and we never knew when more would arrive.
I got stuck in and set up record keep systems, learnt how to manage clients, get invoices paid on time and juggle suppliers. There were times when we couldn't pay our own wages as cash flow was so tight, even though it was a successful and growing business. Slowly but surely things got onto a more even keel and the storm calmed, but never abated. The business transitioned from sole trader to a Limited Company, became VAT registered and took on its first employees – again I learnt as I went.
So when did it calm? That came when our family got the opportunity to move to Washington DC for 3 years. I took the time out to enjoy exploring the USA but also to get qualified as a bookkeeper – learning in the calm. When our time was up in the USA Simply Balanced Solutions was born, taking everything I learnt in both the storm and the calm to help your business avoid, or at the very least weather the storm.
Get in touch now and we will help you navigate your way to financial calm.