04:53 – ???? “I believe everybody should have an exit plan. And I think people should be thinking of their exit plan from the moment they start their business.” – Julie Wilkinson
27:26 – ???? “I don’t think the end goal should change. You know, if you know in your heart, I want to deliver this type of service, don’t fluctuate from that overall goal.” – Julie Wilkinson
30:28 – ???? “I think, why do people want to put that on their shoulders? You know, if they just think about these things early doors, have a bit of a plan, it will just become easier for you later down the line.” – Julie Wilkinson
36:21- ???? “Systemising it doesn’t itself, I don’t think, make the success. What makes the success is the process around that system.” – Julie Wilkinson
36:49 – ???? “If you’re not truly understanding your accounts, you’re not really in a good position to move forward because you don’t know exactly if everything’s reconciled and fully up to date.” – Julie Wilkinson
TIMESTAMPED OVERVIEW
00:00 Experienced accountant starts company to help SMEs.
03:33 Starting a business organically vs. through acquisition.
08:48 Get funding, utilise cash flow, and manage stress.
10:22 People are used to bigger debts than they thought.
15:50 Early implementation of processes prevents growing problems.
16:37 Plan scalable processes and systems before rapid growth.
20:56 Control processes are essential for financial oversight.
25:52 Flexibility is essential. Set goals and maintain vision.
27:13 Focus on goals and track key performance indicators.
30:13 Plan early, reduce stress and bring in support.
34:12 Transitioning from job to business for time.
36:01 Incorrect bookkeeping leads to financial risk.
