EP #22 | How to Prep Your Business Finances for Ebbs & Flows with Jenny Karlsson

I would stand in the fire everyday for women’s empowerment around money.

 

In today’s episode I have the pleasure of interviewing Jenny Karlsson of Financial for Creatives. Jenny is a certified money coach with a special focus on helping creative entrepreneurs. Jenny is the creator of the #moneycompassdeck (a powerful and practical tool that allows you to connect with the energy of money.) She is on a mission to help creative entrepreneurs heal their money blocks and manage money with confidence. 

 

Today we’re talking about how we can set up our business finances so that the naturally occurring ebbs and flows that happen both internally and externally don’t shake the foundation of your business. 

 

What I love most about Jenny is her compassionate yet no-nonsense approach to helping empower women to take control of their finance. 

In this episode we discuss things like…

1. How you prepare your business for the ups and downs that are inevitable.
2. How to make your business more stable in the face of changes.
3. How to pay yourself
4. How to build an emergency fund for your business.

Here’s a glance at this episode…

[6:22] Jenny shares her back story with us and how she got started working with creative entrepreneurs as a financial coach.

[11:48] Jenny shares all about her Money Compass Deck and how it helps to connect to the energy of money.

[17:20] I ask Jenny why she believes this is so important for entrepreneurs, specifically women to understand and control the finances for their businesses.

[26:35] I ask Jenny to share her top strategies for designers wanting to create the stability in their business. She shares how to make decisions that keep your business profitable. We talk through what accounts you need to setup, how to use them, and how to pay yourself!

[50:40] We chat about diversifying your income and how to create a ladder of services so that you are able to create structure and avoid hustling to do it all.

[01:01:00] Jenny and I chat about how to balance decisions related to hiring and help during busy seasons. 

[01:10:00] Jenny and I wrap up with Jenny painting a picture of what it means to be successful with money in our business and personal finances. She shares what this looks like, what flexibility it can create and what emotions may surround this.

Resources mentioned in this episode: 

• Annual Masterplanning Workshop - November 10th 
• Episode #13 - Auditing your Projects for Profitability 
• Financials for Creatives
• Money Compass Deck
• Follow Jenny on Instagram 
• Jenny’s Money Type Quiz 
• Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
• Book: Money Magic: Unleashing Your True Potential for Prosperity and Fulfillment