WEBVTT
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Welcome to the Empower Her Business Podcast where we champion the financial liberation of female founders around the globe.
00:00:20.399 --> 00:00:28.000
I am your host, Lynette Cottrell, and I want to talk about one word that can carry a whole lot of weight in business.
00:00:28.320 --> 00:00:30.000
The word is should.
00:00:30.960 --> 00:00:34.399
I should have hired a bookkeeper sooner.
00:00:34.719 --> 00:00:38.000
I should have saved more for taxes.
00:00:38.399 --> 00:00:41.200
I should have separated those accounts.
00:00:41.520 --> 00:00:44.960
I should understand my financial statements by now.
00:00:45.759 --> 00:00:48.159
I should have known better.
00:00:48.640 --> 00:00:50.560
And here's my question.
00:00:50.960 --> 00:00:52.880
Okay, now what?
00:00:53.280 --> 00:01:04.640
Because you can spend an enormous amount of energy judging the woman who made those decisions six months ago, two years ago, or five years ago.
00:01:04.959 --> 00:01:12.480
Or you can support the woman sitting here today who is ready to do something differently.
00:01:12.799 --> 00:01:15.359
And that's the woman I'm interested in.
00:01:15.599 --> 00:01:22.719
When I work with a business owner, I'm not interested in making her feel bad about what hasn't been done.
00:01:23.280 --> 00:01:26.959
I need to understand what happened absolutely.
00:01:27.200 --> 00:01:28.560
We need the facts.
00:01:28.719 --> 00:01:32.959
We may need to correct some things or restructure things.
00:01:33.200 --> 00:01:38.480
And sometimes there are difficult realities that we have to address.
00:01:38.879 --> 00:01:41.280
But none of that requires shame.
00:01:41.519 --> 00:01:45.840
That's a big part of what compassionate accounting means to me.
00:01:46.159 --> 00:01:49.359
Compassion doesn't mean we're ignoring the problem.
00:01:49.760 --> 00:01:56.319
It means we can address the problem without making that woman feel like she is the problem.
00:01:56.480 --> 00:01:57.840
There's a difference.
00:01:58.239 --> 00:02:01.760
Maybe you didn't know what questions to ask.
00:02:02.000 --> 00:02:05.920
Maybe the business grew faster than your financial systems.
00:02:06.239 --> 00:02:08.800
Maybe life just happened.
00:02:09.120 --> 00:02:15.840
Or maybe you simply made a decision that knowing what you know today, you wouldn't make again.
00:02:16.400 --> 00:02:18.719
Welcome to entrepreneurship.
00:02:19.039 --> 00:02:22.080
It all is just part of the journey.
00:02:22.400 --> 00:02:25.599
The question isn't what should I have done?
00:02:25.840 --> 00:02:32.080
A better question is what do I know now and what am I going to do next?
00:02:32.400 --> 00:02:34.560
That's financial leadership.
00:02:34.879 --> 00:02:38.479
Not perfection, not having all the answers.
00:02:38.639 --> 00:02:42.080
Believe me, none of us have all the answers.
00:02:42.400 --> 00:02:50.319
It's being willing to see where you are, make an informed decision, and then move forward.
00:02:50.879 --> 00:03:00.879
So give yourself grace and give yourself permission to stop building your business looking through the rear view mirror.
00:03:01.599 --> 00:03:08.240
Take the lesson, make the correction, and lead from where you stand today.
00:03:09.039 --> 00:03:18.560
Alright, until next time, remember the business you're building should support the life you desire to live.
00:00:11.359 --> 00:00:20.160
Welcome to the Empower Her Business Podcast where we champion the financial liberation of female founders around the globe.
00:00:20.399 --> 00:00:28.000
I am your host, Lynette Cottrell, and I want to talk about one word that can carry a whole lot of weight in business.
00:00:28.320 --> 00:00:30.000
The word is should.
00:00:30.960 --> 00:00:34.399
I should have hired a bookkeeper sooner.
00:00:34.719 --> 00:00:38.000
I should have saved more for taxes.
00:00:38.399 --> 00:00:41.200
I should have separated those accounts.
00:00:41.520 --> 00:00:44.960
I should understand my financial statements by now.
00:00:45.759 --> 00:00:48.159
I should have known better.
00:00:48.640 --> 00:00:50.560
And here's my question.
00:00:50.960 --> 00:00:52.880
Okay, now what?
00:00:53.280 --> 00:01:04.640
Because you can spend an enormous amount of energy judging the woman who made those decisions six months ago, two years ago, or five years ago.
00:01:04.959 --> 00:01:12.480
Or you can support the woman sitting here today who is ready to do something differently.
00:01:12.799 --> 00:01:15.359
And that's the woman I'm interested in.
00:01:15.599 --> 00:01:22.719
When I work with a business owner, I'm not interested in making her feel bad about what hasn't been done.
00:01:23.280 --> 00:01:26.959
I need to understand what happened absolutely.
00:01:27.200 --> 00:01:28.560
We need the facts.
00:01:28.719 --> 00:01:32.959
We may need to correct some things or restructure things.
00:01:33.200 --> 00:01:38.480
And sometimes there are difficult realities that we have to address.
00:01:38.879 --> 00:01:41.280
But none of that requires shame.
00:01:41.519 --> 00:01:45.840
That's a big part of what compassionate accounting means to me.
00:01:46.159 --> 00:01:49.359
Compassion doesn't mean we're ignoring the problem.
00:01:49.760 --> 00:01:56.319
It means we can address the problem without making that woman feel like she is the problem.
00:01:56.480 --> 00:01:57.840
There's a difference.
00:01:58.239 --> 00:02:01.760
Maybe you didn't know what questions to ask.
00:02:02.000 --> 00:02:05.920
Maybe the business grew faster than your financial systems.
00:02:06.239 --> 00:02:08.800
Maybe life just happened.
00:02:09.120 --> 00:02:15.840
Or maybe you simply made a decision that knowing what you know today, you wouldn't make again.
00:02:16.400 --> 00:02:18.719
Welcome to entrepreneurship.
00:02:19.039 --> 00:02:22.080
It all is just part of the journey.
00:02:22.400 --> 00:02:25.599
The question isn't what should I have done?
00:02:25.840 --> 00:02:32.080
A better question is what do I know now and what am I going to do next?
00:02:32.400 --> 00:02:34.560
That's financial leadership.
00:02:34.879 --> 00:02:38.479
Not perfection, not having all the answers.
00:02:38.639 --> 00:02:42.080
Believe me, none of us have all the answers.
00:02:42.400 --> 00:02:50.319
It's being willing to see where you are, make an informed decision, and then move forward.
00:02:50.879 --> 00:03:00.879
So give yourself grace and give yourself permission to stop building your business looking through the rear view mirror.
00:03:01.599 --> 00:03:08.240
Take the lesson, make the correction, and lead from where you stand today.
00:03:09.039 --> 00:03:18.560
Alright, until next time, remember the business you're building should support the life you desire to live.
