In this episode, I chat with Tiffany Scarlett, a CFO and business strategist, about creating consistent income as an entrepreneur. We discuss the top money struggles faced by creative entrepreneurs, including imposter syndrome, losing the ability to serve clients, and inconsistent income months.
Tiffany shares her approach to helping clients overcome these struggles by creating a strategic money plan. This plan includes building a salary bank, setting goals beyond just money, and aligning financial decisions with long-term plans. By implementing these money solutions, entrepreneurs can achieve financial stability and focus on their creative work.
Takeaways
- Plan for financial stability by determining your desired income and creating a savings buffer.
- Consider your hourly rate and pricing to save time and make strategic decisions.
- Develop a business strategy that includes delegation and outsourcing to focus on CEO tasks.
- Identify CEO tasks that only you can do and delegate the rest to save time and energy.
- Avoid chaos and last-minute decisions by having a clear plan for delegation, marketing, and finances.
- Spend money strategically and track your ROI to make informed decisions.
- Reevaluate your goals and priorities to align with your desired lifestyle and values.
- Recognize the work and investment required behind big income months.
- Plan for scalability and consider your capacity when setting income goals.
- Have a clear money plan to prepare for the unexpected and ensure financial stability.
- Start early with money planning to build a solid foundation for your business.
- Build friendships and connections with like-minded entrepreneurs for support and growth.
More about Tiffany Scarlett:
Tiffany is not your typical CFO. She’s like your marketing strategist + SMM + OBM, but with business money. Say "goodbye" to dreading money tasks and "welcome" to your new era of confident CEO. Creative heart with an MBA, she takes the inconsistent income months and create a consistent salary for you to spend more time creating and less time feeling like an imposter.
Connect with Tiffany Scarlett:
Resources from this episode:
If you stress about inconsistent cash months and would like to know how to build a consistent salary, Tiffany has a free guide for you. Just head over to Tiffany's instagram: misstiffanyscarlett and DM her "CSGUIDE".
If you have a single question that you would like to ask a CFO, Tiffany hosts free coffee chats just to simply answer your questions. Head over to her Instagram and give her a follow!
Ready to start building scalable systems in your business? Get access to 10+ templates and resources, plus a live monthly training inside my free community The Systems Society.
Join us now: https://www.skool.com/the-systems-society/about
Connect with Sam:
LinkedIn: https://www.linkedin.com/in/samwhiz/
