Can I afford to...

One of my kids has such a creative brain, that he can’t stand it when he’s not making something.

Building a Lego parrot, making Halloween decorations for the front door, and writing a neighborhood newspaper are just some of his activities from last week.

All of these projects usually start with a question: Mom, can we [fill in the blank]?

Let’s say he wants to bake chocolate chip cookies.

Before I can answer yes or no, I ask another question: What ingredients do we need? 

To answer that question, we find the recipe.

That leads us to another question: Do we have those ingredients? 

To answer that question, he de-inventories our pantry.

Only then do we have the information we need to answer the first question.

This whole “series of questions” thing has a lot in common with the process I take business owners through to solve money confusion. 

For example, to answer the question: Can I afford to hire an assistant?

We need to first answer another question, like: How much profit do you make in a month?

To answer that question, we need to answer two more questions: What is your total income per month and your total expenses per month?

And so on.

I’ve noticed that business owners often have these types of strategy questions but feel confused or frustrated that they don’t know the answers. 

If that’s you, try this method of identifying the series of questions you would need to answer first, one by one. 

It’s a great way to pinpoint the information you’re missing, so you can make a plan to find it!

If you need help figuring out what questions to ask, I invite you to schedule a free Financial Clarity Call with me so we can get you on the right track.