Mid-Year Financial Check-In

Now is a great time to have a financial check in with your business, because if things aren’t looking too good, there should be enough time to pivot.

Here are some ways to make sure you’re on the road to success:

Set time with your bookkeeper and or CPA to review your year-to-date income statement, balance sheet, and cash flow statement.

Revisit your goals–how close or far are you? Don’t be afraid to change your goals if you need to.

Are there income opportunities you’re missing? Do you need to diversify your income streams? Review your recurring expenses and see if there are opportunities to reduce expenses whether utilities, software, insurance, or anything else.

Streamline times three! Find more efficient ways to do things, especially monotonous tasks so you have more time to do money-making activities. Think upgrading software or cutting meeting time.

Most importantly, check in with your team. Your team makes the dream work, so ensure they’re happy, maximizing their potential, and able to innovate as they help your business grow financially.

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About the Host

Rianka R. Dorsainvil

Rianka R. Dorsainvil, CFP®️ is the Co-Founder and Co-CEO of 2050 Wealth Partners a virtual, fee-only comprehensive financial planning firm dedicated to serving first-generation wealth-builders, entrepreneurs, and thriving professionals. Rianka also hosts 2050 TrailBlazers, a podcast aimed to address the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation.

As an award winning successful, millennial Certified Financial Planner professional, Rianka offers a unique perspective not only on the current state of the financial service industry, but on how to stay relevant in an ever-changing world.

Rianka serves as a member of CNBC’s Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations such as Investment News’ inaugural 2017 Women to Watch Rising Star and Wealth Management’s Ten to Watch in 2018. She has been published in PBS NewsHour, Forbes, USA Today, Black Enterprise, CNBC, Women’s Health, and more.