Don't worry, if your creative business brain has been procrastinating on the 'boring' legal, compliance and risk assessment parts of business, it's not too late to fix the chaos and prevent a mishap.
Here's the thing: These business necessities don't need to feel painful if you follow a few simple steps.
"The boring stuff is critical, allowing you to build your creative dreams on a stable foundation."
- Renee Minchin
Here's how to get on top of
'the boring stuff' in your business
Step One
Check for gaps in compliance
Take a close look at how you do things, your rules, and your paperwork. Look for places where you might not be following the rules. This could be about taxes, licenses, following work laws, protecting people's data, or rules specific to your type of business.
When you find where you're not following the rules, you can start fixing those things first. That way, you'll have a clear plan to get back on track.
Step Two
Identify potential
risks in your business
Gather your team and brainstorm all the things that could go wrong in your business – like accidents, financial losses, or unexpected events. Write them down.
Once you've got a list ready, tackle them one by one - not all at once.
Step Three
Strengthen your
systems
The best way to free up time in your business? Put systems in place to avoid dealing with the boring stuff. Here are two ideas that'll save you endless time:
- Create SOPs that allow you to outsource tasks you don't want to do to team members
- Put automated systems in place to deal with the boring stuff - without needing to waste your time on them. For example, CRMs.
Hi, I'm Renee Minchin
And I love translating complex financial and compliance concepts into simple steps for creative coaches and business owners.
I'm a dedicated and experienced financial professional with over 20 years of experience as a passionate and driven business owner, CFO, accountant, bookkeeper, BAS Agent, and ASIC agent.
want to know more about working with renee?
Renee provides business coaching for overwhelmed and underpaid creative business owners.
What happens next?
Be on the lookout from an email in your inbox.
In the meantime, you’re welcome to connect with me on LinkedIn or join my free Facebook community.
I know you getting on top of this 'boring' stuff now is going to make running your business so much easier -