How to minimise liabilities and create financial security in your business

Liabilities in business come in all shapes and sizes.

Traditionally, people think of liabilities as debt or legal obligations.

However, you need to also be focused on those less obvious elements, those things off your balance sheet that still have an impact on your revenue and overall success in business.

This could be poor customer service, team members who aren’t a great fit or even you could be a liability to your own business.

Minimising all types of liability will ensure you protect your revenue streams and create financial security in your business.

In this video, I talk about more about the kinds of liabilities you need to be looking out for in your own business, as well as what you can do about them.

Check it out:

Liabilities are one of four key pillars you need to create a successful business - one that does what businesses are supposed to do and make money.

It’s also one of the key focuses in my new and free community and resource hub, Destination Unknown.

In Destination Unknown, you get access to everything you need to take action, reset your business and build your greatest asset whilst making more money!

I walk you through your values and vision for your business and for yourself as the business owner.

We take a look at your strengths, weaknesses and experience so we know exactly what you are bringing to the table.

And then we go super deep and look at everything we need to, to create your business strategy to achieve your goals.

Revenue, expenses, assets, liabilities, financials, building a team, SOPs and why you need them, pricing, products and marketing.

All of the business foundations that you need to build your business, nothing more, nothing less.

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