Ep 126 Women in business are in trouble 1 [Video]

In this episode, I stress the importance of prioritising pension contributions early on to secure your financial future as a woman with a business.

I highlight the power of starting to save early and leveraging compound interest in investments over time, urging you not to delay contributions despite business or personal expenses. I offer practical steps for adjusting your finances towards pension savings, including reducing costs by 10% while increasing sales for financial stability.

Advocating for sustainable strategies tailored to your individual business context, focusing on your client needs over industry trends, I encourage you to engage with free resources for continuous learning.

Additionally, I underscore the significance of authentic communication styles and consistent content creation across platforms to maintain your professional integrity and effectively engage with clients. Tune in and listen now for actionable advice tailored specifically for women in business like you, seeking to prioritise your pension contributions amidst the demands of entrepreneurship.

outline:

Chapter 1: Importance of Saving for Retirement (02:)
02:34: Discussion on statistics highlighting women’s challenges in saving for retirement.
06:09: Personal experience shared on starting to contribute to a pension after five years of business.
09:15: Encouragement to start saving for retirement, even with small amounts.
Chapter 2: Financial Adjustments for Retirement Planning (11:)
11:16: Tips on making financial adjustments in business to facilitate pension contributions.
12:00: Emphasis on setting a review date for financial assessments and reducing personal and business outgoings.
14:08: Strategy to increase sales and decrease outgoings to improve financial standing.
Chapter 3: Long-Term Financial Planning for Business Owners (16:)
16:08: Importance of reducing corporation tax and long-term financial planning.
16:42: Message on the significance of early pension planning to maximize benefits.
18:00: Emphasizing consistency in financial management strategies for sustainable growth.
Chapter 4: Diversifying Revenue Streams in Business (17:)
17:27: Exploring additional revenue streams and opportunities for business growth.
17:57: Multipurpose content and utilizing various platforms for business expansion.
Chapter 5: Encouragement for Personal Growth and Development (18:)
18:36: Encouragement to focus on client needs and authentic communication for business success.
19:11: Engagement with the audience through TikTok and seeking feedback for personal growth.
19:50: Closing remarks on taking action for future financial planning and decision-making.