Woah!!!So this week I felt way out of my comfort zone but I know that it’s something all of us biz mums need to get comfortable with ASAP, and that’s numbers!Now I know that it can sound like a dry, boring, even nerdy topic BUT don’t get it twisted girl, this is Mums With Hustle, so our guest is anything but those things!Stacey Price, from Healthy Business Finances, is not your suit wearing, briefcase carrying, typically boring, accountant. She’s a hustling’ biz mum accountant, whose superpower, in my opinion, is to make numbers less daunting and more normal for the everyday mama like you and I.I can promise you that you’re not going to get left behind on this one. Stacey puts everything in a way that can be understood by the absolute beginner and numbers novice. She’s super knowledgable, experienced and easy to talk to. I love it.So yeah, we chat numbers in this podcast (obviously) but we also chat about other aspects of biz mum life and what it’s like to market your service-based biz.I asked Stacey to list three of the most common mistakes biz mums make. Want to know what she had to say?Here we go!1. They don't test their idea from a financial viewpoint. So they know people might love their idea, but they don't work out what people (other than friends and family) are willing to pay, and how many services or products they need to sell to break even.2. They don't understand the basic setup - so things like ABN, business name, tax invoices, GST - these are vital and if done incorrectly can lead to customers not paying and potential legal action and fines for trading incorrectly.3. Not paying themselves a wage from the start. Paying a wage (even a teeny tiny one) is mostly about mindset when you start. Put small amounts away for yourself to prove your business is financially sustainable, and grow it bit by bit.In a nutshell, one the biggest learnings that I took away from my chat with Stacey is that with numbers, it’s about being PROACTIVE rather than reactive. So if you want to get your numbers head into gear, sooner rather than later, you need to listen to this episode. Here’s the lowdown of what we chat about:Stacey's start up journey - from idea to launchHow to validate you bizLearn how to swap services - get your hustle onWhere to focus your time and energy to ensure ROICommon mistakes biz mums make when it comes to managing money i
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