Welcome to a new issue of the Busy to Leveraged Letters - where you get free, ready-to-use automation ideas for your digital business.
Read time: 5 minutes
Future time saved: 10+ hours/week
Hey - Mike here!
As a digital content creator, wearing various hats is something you're probably used to. With so much to do, one task we often ignore is managing our business finances.
We know it's a responsibility we need to handle, yet many choose not to... 😓
Few crazy stats:
In 2016, I ventured into reselling products on Amazon.
I took a $50 “investment” and turned it into a business that generated ~$20K in monthly revenue (with a ~60% net profit margin).
Things were going well...
My usual workdays consisted of me sourcing products, packaging, shipping, and admin work for 16+ hours a day until I finally broke.
Burnout got the best of me.
Many mistakes were made on my part. But the costliest one was ignoring the financial health of my business.
What did the financial health of my business finances have to do with me burning out?
See, I knew I needed help and had to delegate. But because I didn’t have control of my finances, I didn't know if it was the right time... so I delayed... 🤦♂️
Once the dust settled, the accountant I hired to fix my mess later told me I could've hired 1-2 people without a problem... ah, lesson learned.
I'd hate anyone else to experience this which is why I'm sharing it even if it's embarrassing...
So in today’s Letter, I’m sharing an idea to help you put your business finances on autopilot so you can grow a profitable and healthy business. Stop wasting time doing repetitive, low-value work, and focus on what you do best!
Today's template offers you three ready-to-use templates and bonus resources.
Analyze the template and see how it works and replace it with the app of your choice. If it’s not available, then check out Make.
We got you covered!
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I hope this was helpful!
Every week, you’ll receive a no-code automation idea you can implement in 10 minutes & save yourself 10+ hours a week.
Today you’ll learn what the typical process of automating a workflow looks like and brief intro into what business process automation is.
No more wondering whether or not someone paid for the ad they booked. Keep track of all your paid ads in a single database.