This month entrepreneur, author and business icon Erica Wolfe-Murray has been tasked with addressing that most common of career concerns – self-doubt.
She also talks to an aspiring entrepeneur concerned about dealing with the financial side of the business.
I am coming back to work and have crippling lack of self-confidence, what do you suggest?
I am so sorry to hear this. You don’t say why you’ve been out of the workplace, but often it is due to caring responsibilities – children or parents, illness or a long travel break. Whatever it is – take a little time reviewing how you have spent your time.
Many women come back to work after several years bringing up children. Their lack of confidence is both sad and unnecessary – anyone who can run a household is perfectly able to take a full role within a company.
Depending on how you spent your time out of the workplace, you are likely to have a range of new skills but need reminding of them – write down what you’ve learned in the last six months, new things you’ve done.
It’s also useful to go back to the start of your career to list all the things you’ve ever been paid to do, and clients/customers you worked within a second list.
None of this knowledge is gone, it’s just temporarily out of sight. All of these should give you confidence… but if you are still struggling – working with a confidence coach can really help you.
I’ve got my own business but I’m not experienced at running the money side. What should I do?
Remember – anyone who can run their own finances/home can run the money within a simple business. Firstly you have to accept responsibility for the money – it is your business, money is part of the deal.
Never hand over totally unfettered total control to anyone
If you struggle, get help. You can employ a part-time book-keeper, a full-time person or use a book-keeping bureau. All are fine and have their benefits.
Book-keeping is about the day-to-day management of the money.
You need someone with attention to detail, experience and who you can trust, so get a referral if you can. But you still need to ask them for weekly reports, updates on late payers and be prepared to roll up your sleeves and dig in if needs be.
There are great programmes you/your book-keeper can buy to run your accounts but ensure you understand how to read them, get the reports you want from them.
Never hand over totally unfettered total control to anyone, no matter how much you trust them, as it is asking for trouble.
Got a question for Erica? Email it to firstname.lastname@example.org.
Erica Wolfe-Murray is a force to be reckoned with. Dubbed by national media and clients as the ‘Delia’ of business she is renowned for her smart and savvy approach to innovation and problem-solving. With over four decades of experience, she is the UK’s leading business and innovation expert and has worked with over 250 companies to date.
This January will see the release of Erica’s hotly anticipated new book ‘Simple Tips Smart Ideas’ released on 24th January 2019. Erica can frequently be seen providing exclusive tips, commentary and advice for worldwide publications including Forbes, The Telegraph, Small Business and The Guardian to name but a few.
The book is aimed at the 5 million micro-businesses in the UK as well as freelancers. Drawing on her experience from working with hundreds of founders – creative head and financial Director Erica, offers readers a rich array of ideas, tips and contemporary case studies to kick start growth, build commercial resilience and outsmart your competitors.
Suitable for entrepreneurs from all walks of life – from the solo plumber wanting to expand his work and business to the freelance graphic designer who wants to expand but doesn’t know where or how to start. Erica’s practical and no-nonsense approach has helped companies and individuals double turnover, secure new IP, pivot and fall back in love with what they do.
Erica’s book ‘Simple Tips, Smart Ideas’ is out on the 24th of January. Get your copy here >
‘Simple Tips Smart Ideas’ is a hands-on, easy-to-use book crammed with ideas, advice and tips to help your company grow. Erica’s straight-forward approach linked to practical diagrams and frameworks will help readers kick-start growth in their business straight away with 95% of her ideas free to implement.
Get your copy here >