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Blaming the government for financial hardships may be easiest and most obvious however if you dig a little deeper you may come to realize the root of the problem is closer to home.
As we look to the next president, I hear many business owners blaming their financial struggles on the government. Obviously government policies, especially when it comes to taxes and now health care, affect the financial well-being of businesses and individuals alike. But your disagreement with government policies does not give you a free pass to spend more than you make and expect financial prowess.
If your finances are not where you want them to be, instead of blaming the government, take a look at the way you are managing your business finances. If you are honest, you may realize that you are mostly to blame. A hard realization to come to however in the end, the most liberating one. To illustrate this point here are some frequent areas business owners choose to spend unwisely, and… it is usually tied to an emotion:
If any of these resonate with you, great…admitting you have a problem is the first step to recovery! Remember, emotions can be misleading. In business, they have a way of misleading you into making poor financial decisions that can lead you right out business if you’re not careful. Work with your CFO for Hire and use their objectivity to help you sift through any emotional spending that may be happening in your business. Trust them to bring a necessary balance and truth that will maintain good mental health in your finances!
Check out the below offer that will help you practically take the next steps in financial responsibility. If you’d like to read more about what a CFO is and why your small business needs one click here.