How to Conquer the Monster in the Closet: Mastering Your Financial Story to Build a Thriving Course Creation Side Hustle
Dec 23, 2024Conquer the Monster in the Closet: Mastering Your Financial Story to Build a Thriving Course Creation Side Hustle
Starting something new, like creating an online course, can feel overwhelming. Without a clear financial picture, that uncertainty can grow into fear—a monster in the closet.
In this post, I’ll share insights from my conversation with Nate Hendrikse, owner of Navigator Bookkeeping, on understanding your numbers, overcoming fear, and building confidence. These lessons are especially valuable for mission-driven entrepreneurs, like therapists, who want to grow their course creation coaching business or side hustle.
Why Your Financial Story Matters in Course Creation
Imagine coming home to a closet that might be hiding a monster—or just a pile of clothes. That’s what it feels like when you don’t understand your financial story. According to Nate, unclear finances can paralyze your ability to move forward, whether it’s launching a course creation template or starting a new side hustle.
Your financial story is more than just numbers on a spreadsheet; it’s the roadmap to achieving your goals. “If something isn’t clear, you can’t confidently take your next step,” Nate explained. Knowing your financial numbers gives you the courage to create impactful online courses and manage your resources wisely.
Overcoming Fear and Niching Down
Starting anything new—whether it’s launching a course or narrowing your niche—is intimidating. Nate shared his personal story of overcoming fear when transitioning from teaching to entrepreneurship. He eventually specialized in helping private practice owners, a decision that transformed his business.
Similarly, in course creation coaching, niching down can be the key to success. One of my coaches once told me, “You’re struggling because you haven’t decided who you want to serve.” When you focus on a niche, like therapists or private practice owners, you can create online courses tailored to their unique needs.
3 Tips for Understanding Your Financial Story
If you’re ready to take the next step in your online course journey but feel stuck, start by clarifying your financial story. Nate shared three actionable tips to get started:
-
Separate Business and Personal Finances
Keep accounts distinct to clearly track business income and expenses. -
Identify Patterns and Trends
Review your numbers over time to spot what’s working and adjust what isn’t. -
Focus on the "Why"
Don’t just track numbers; understand the reasons behind them. As Nate said, “It’s not just about profit but about what caused that profit.”
By following these tips for online course creation, you can gain the clarity and confidence to move forward.
Why Support Matters in Your Course Creation Journey
When I started my business, I thought I could handle my finances alone—big mistake. Hiring a professional lifted the weight off my shoulders, saved time, and helped me avoid costly errors.
Nate stressed the importance of support: “If you’re feeling shame about your financial situation, you’re not alone. Once you start looking at the numbers, it’s usually less scary than you think.” Whether it’s a bookkeeper, a coach, or tools like QuickBooks, finding the right support is crucial to success.
Joining a Course Creation Cohort can also provide the accountability and guidance you need to overcome challenges. Collaborating with others helps you stay on track and learn from shared experiences.
Your Mission in Motion
Creating an online course isn’t just about passive income—it’s about fulfilling your mission and making an impact. But to do that, you need a solid financial foundation.
As Nate put it, “When you know your numbers, even a bad situation becomes manageable. You know what steps to take next, and you’re not just guessing.”
So face that monster in the closet—your financial story. With clarity and courage, you’ll find it’s just a pile of clothes waiting to be sorted.
Final Thoughts
If you’re ready to grow your business and take your course creation coaching side hustle to the next level, start by mastering your financial story. Whether you’re building your first course creation template or scaling with a Course Creation Cohort, remember that progress—not perfection—is the goal.
Let’s put your mission in motion and create something extraordinary.
Links and Resources
Schedule Discovery Call - Navigator Bookkeeping
Facebook: https://www.facebook.com/Navigatingyourbooks
Course Creation Planning Worksheet Download
Subscription give you weekly updates on blogs, podcasts, webinars, and offers from CCS and their partners. We hate SPAM. We will never sell your information, for any reason.
