Profitability Coaching Frequently Asked Questions
Can I sign up for bookkeeping without coaching? What about coaching without bookkeeping?
Yes! The two services are separate. People frequently come to me looking for one or the other, so they are separated into two different offerings. You are not obligated to sign up for one to receive the other.
What’s the difference between the bookkeeping and the coaching?
Bookkeeping will give you a better understanding of your business finances and the security of having accurate numbers. Coaching will define your financial goals, improve your confidence around your money and give you tools for better planning so that your business serves your life by meeting your personal financial goals.
Why would I need coaching? Why would I pay for it?
You may need coaching if you are currently dissatisfied with your income, your progress or your understanding of your finances. Coaching can help you clarify your goals and create a roadmap to make those goals a reality while supporting you in your journey. Paying for financial coaching is like paying to learn any other skill. You may have a talent or technical skill that’s important for the business you offer, but your skills in managing, planning and understanding how to create the financial life you desire through your business may need more development. Coaching provides a space for that development as we map out a path towards your most profitable business and fulfilled life together. For more thoughts here, feel free to read my article “Why Hiring a Financial Coach is Worth It.”
Do you have a process/program for coaching?
When we work together, the coaching process includes two 1:1 meetings per month. These meetings are a safe, confidential and non-judgemental space to discuss your financial situation. At the outset, we analyze your current financial health and make recommendations on how to move forward in a healthier way. Based on this, we then work together to create and set up a money system, which we visualize using money mapping. You’ll notice I keep writing “we” – that’s because this process is fully collaborative. It requires your attention, participation, and action to truly yield results. Over the course of our work together, I will introduce tools to help you start and maintain your financial systems. My favorites that we tend to work with are Moneygrit for personal finances and solopreneurs, and/or QuickBooks for small businesses. These tools help to carry you forward after our work together concludes. We also have a 1 year follow-up meeting to review and celebrate the changes you’ve made.