Does managing your business finances feel like a struggle?

You’re not alone—many small business owners work hard but still wonder where all their money goes. Nearly half of small businesses fail within five years, and poor financial management is often the reason. That’s why in this episode, we’re talking about how to manage small business finances with a simple money management system.

I’ll break down how you can take control of your finances by tracking expenses, managing cash flow, and avoiding common mistakes. You’ll also hear how one of my clients turned her business around by organizing her money and making smarter decisions.

If you’ve been stressed about money or unsure how to handle your business finances, this episode is for you. Learn how to set up a simple system that helps you feel confident about where your money is going so you can grow your business without the financial headaches.

Ready to get your money under control and stop worrying about finances? Tune in now to get practical tips and a plan to manage your money the easy way.

Don’t forget to subscribe so you don’t miss what’s coming next!

00:53 - Why nearly half of small businesses fail and how you can avoid it

03:10 - How separating your finances can lift a huge weight off your shoulders

05:54 - What happened when my client didn’t track her $70K income

08:24 - The three types of expenses you need to track in your business

10:12 - How tracking cash flow can help you avoid tight-money months

13:07 - What we’ll accomplish together during a B.O.O.S.T. Day

References Mentioned In This Episode:

Episode 175 - Transform Frustrating Chaos with a Game-Changing Filing System

Let’s Chat About a B.O.O.S.T. Day

Let me know your thoughts! Click here to send me a text.

Leave a Rating and Review: https://ratethispodcast.com/mindyourtime

Resources Mentioned In This Episode:

Check Out The MY-T Society Membership

Listen to My Free Audio Masterclass

Schedule a 20 Minute Chat with Me

Let’s connect online:

Follow Me On Instagram: @the_shannonbaker

Are you ready to finally create systems that give you back your time and energy? This episode is part two of our conversation on building a sustainable, streamlined business. If you haven’t yet, check out part one, "Why You Need Systems to Reclaim Your Time and Prevent Burnout," where we explore why lacking systems leads to constant overwhelm.

Today, we’re picking up right where we left off, diving into the how. We’ll walk through four essential steps for building effective systems that save you time and reduce stress, starting with identifying bottlenecks and moving on to documenting and refining your processes. By the end, you’ll have a clear, actionable plan to start running a business that doesn’t rely on your constant oversight.

And just a reminder—tomorrow is the flash sale for MY-T Society! Follow me on Instagram to get the details!

Don’t miss this opportunity to join a supportive community and get access to tools that help you build the systems we discuss today. Tune in to learn the steps to a more organized, efficient, and fulfilling business journey!

1:36 - Why building systems is crucial for creating freedom, focus, and efficiency in your business

3:02 - Explanation of how systems provide consistency and stability, making your business independent of your constant involvement

5:15 - Introduction to the four steps for building foundational systems that save time and increase efficiency

8:45 - Two methods for documenting processes that you can consider to help make this an easy lift

14:06 - Insight into how implementing systems can transform your business, supporting your lifestyle and giving you back time and peace of mind

References Mentioned In This Episode
Episode 189 - Why You Need to Systems to Reclaim Your Time and Prevent Burnout

Let me know your thoughts! Click here to send me a text.

Leave a Rating and Review: https://ratethispodcast.com/mindyourtime

Resources Mentioned In This Episode:

Check Out The MY-T Society Membership

Listen to My Free Audio Masterclass

Schedule a 20 Minute Chat with Me

Let’s connect online:

Follow Me On Instagram: @the_shannonbaker

Is running your business starting to feel like a race you can’t keep up with?

In today’s special bonus episode, I’m talking directly to those of you who feel stretched thin, barely catching your breath. We’ll break down why things feel this way and how the right systems can be a complete game-changer.

I know that facing fears around systems and tech can feel intimidating, but embracing them leads to real growth and satisfaction. Together, we’ll bust the myth that systems are just a “nice-to-have.” They’re essential for streamlining your operations, creating workflows that stick, and giving clients a top-notch experience every time.

I’ll also share how resources like the MY-T Society membership can make tech adoption easier and even empowering.

If you’re ready to get off the endless treadmill and start building a business that truly supports you, hit play now. Plus, part two drops Thursday with even more ways to create the business and life you’ve been working so hard for.

1:57 - The challenges you’re dealing with because of juggling every business task yourself and how it leads to burnout

5:29 - How systems allow you to set boundaries and be fully present for clients and family

6:11 - How the fear of losing control prevents many entrepreneurs from creating systems and delegating

8:45 - Why you should start embracing systems as a way to build a business foundation without losing your unique touch

10:34 - How to overcome the paralysis many entrepreneurs face when they feel unprepared to document processes or choose the right tools

11:07 - Why you need to stop using the excuse “not enough time” because it’s keeping you from building the systems you need to support your growth

14:11 - We address the fear of technology and the intimidation of choosing and learning new tools

16:17 - How the MY-T Society membership makes learning tech tools easier, empowering entrepreneurs to build smoother operations.

Let me know your thoughts! Click here to send me a text.

Leave a Rating and Review: https://ratethispodcast.com/mindyourtime

Resources Mentioned In This Episode:

Check Out The MY-T Society Membership

Listen to My Free Audio Masterclass

Schedule a 20 Minute Chat with Me

Let’s connect online:

Follow Me On Instagram: @the_shannonbaker