Proven Money Management Tool: My Stop Light System
Guestpert
Ivy Slater
Category
Business and Finance
Ivy Slater is a professionally certified business coach, speaker, international best selling author and podcast host. As CEO of Slater Success, Ivy works closely with C Suite executives and upper level managers to advise and create clear strategies that provide instant and long term impact on businesses. She speaks all over the country at corporate conferences, seminars, and workshops on the topics of leadership, sustainable growth and sales.
Your numbers tell a story. Are you reading the book?
My Stop Light System is a proven method to help you stay on top of your numbers, budget with clarity and write your next chapters with ease. And you don’t have to be a money mind to understand the system and make it work. Dozens of my private clients have adopted the system and it’s helped them decrease debt, release stress, save and grow.
You own or run a business. You know every employee’s name, how many likes you had on your most recent Facebook ad and the building you want to buy when it’s time to expand.
But...do you know your numbers. Revenue? Expenses? Debt? And I mean inside and out?
It is great to have support when growing and scaling a business. Accountants, Controllers, CFO’s and bookkeepers are a great resource. As the leader of your business, the CEO, you must be knowing, understanding and using your numbers to assist you in your strategy.
Great leaders working their financial strategy and knowing their numbers gives them the advantage when making decisions on marketing plans, hiring plans and growth plans.
If you’ve set your sights on buying that building or putting more into online marketing, the Stop Light System is a simple way to look at your numbers.
If you aren’t in control, you are out of control. You can’t be proactive if you are only reactive.
My Stop Light System is a proven method to help you stay on top of your numbers, budget with clarity and write your next chapters with ease. And you don’t have to be a money mind to understand the system and make it work. Dozens of my private clients have adopted the system and it’s helped them decrease debt, release stress, save and grow.
Simply, the Stop Light System breaks down your expenses and overhead in a simple manner.
The Red stands for what I refer to as the hard core expenses, what comes in monthly. The yellow represents flexible expenses, including occasional marketing expenses, travel, networking, sponsorship, etc. Green represents the profits you can choose to invest in like starting a 401K or other investment for growth. You can also use the green to pay down any business and personal investments or your debt.
