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What business owners can learn from Debra Searle

What businesses can learn from Debra Searle

What you, as a business owner, can learn from Debra Searle…

In 2001/02 Debra Searle and her then husband Andrew Veal entered the Atlantic Rowing Challenge, a 3000 mile double handed rowing race from Tenerife to Barbados.  There was significant media interest as they were the only male/female and husband/wife crew out of 36 teams taking part!

The media interest intensified when Andrew was forced to retire from the race suffering from uncontrollable anxiety, he couldn’t cope being on open ocean and not being able to see land…..it turns out that all of their training had been on the River Thames and not open sea!!! 

 

Lesson one – plan your training so it mimics real life!

So Debra, embarked on this crazy journey on her own after Andrew was air lifted out of the boat. Debra carried on and rowed for 111 days on her own and made it to Barbados.  Whilst this is no mean feat and quite remarkable in its own right I wanted to dig a little deeper about how she achieved this accolade.

She had to make choices, forced to find strategies to pick herself up and carry on, she ran a film over and over in her head about carrying on, what would happen during the journey and crossing the line.

Debra believed in herself, even if others didn’t, she would row for 2 hours, have 1 hour rest (which involved sleeping for 20 mins, eating, and fixing the boat). Exhausted, sleep-deprived, and lonely after a couple of months she was struggling and had enough and was at a very low ebb.  She wrote a post on a diary that was being used by family, friends and supporters for her to communicate with.  Her twin sister Hayley called her on the Satellite phone and said “Deb’s we’ve just read your diary and we want you to know we’re not ready for you to give up yet!”

Debra’s sister added if there is anything they could do to make her journey easier they would do it. So Debra learnt to ask for help, which really gave her the strength to carry on rowing until she had reached the finish line.  Her sister was able to fix some of the issues she was facing that were making her consider giving up like for example, being lonely. 

 

Lesson two – don’t be afraid to ask for help!

They rigged up a link between her diary and the satellite phone system so she got lots of text messages, so the first week she received over 1000 messages spurring her on!!  Some of them were funny, but they all had one thing in common they lifted her spirits.  Her sister told her to row quicker as they couldn’t wait to see her in Barbados over Christmas.  The next day her brother sent her one to say no….row slower the airfares are cheaper in February, that made her smile.  She realised the value of free words and the power that words can bring and convey!  They stopped the infection and healed her loneliness.

When she was really down and wanting to give up, she would play a film in head head, of crossing the finish line and what would happen, what people would say, what it would look like, the smells, the noises.  She used these movies playing in her head to burst anxiety bubbles, keep motivated and keep moving forward. 

Another strategy she used was to play lots of powerful musical ballads to help lift her mood like “Don’t give up”! and having a passionate belief that she could do it, to believe in herself and choose her attitude on a daily basis.

I’ve been lucky enough to be in the audience and hear Debra speak and I have to say it is an extremely powerful story and seriously motivated me.  It got me thinking about the parallels to business.

In any business you are sometimes faced with extreme challenges that keep you up at night and affect the quality of your sleep, and circumstances that you cannot change, that you wouldn’t choose but you somehow need to navigate through.  Somehow you need to, like Debra did when her husband got off the boat, pick yourself up again and just keep on going.

It is also important to have people around you that help you, support you and people you admire, look up to and value their opinions and support.   Whether it’s a mentor, a coach, a trusted business adviser or a family member, we all need someone to turn to when the going gets tough.

So think about people and strategies that will help you when the going gets tough.  Nothing worth having is ever easy or plain sailing….Whether it’s a book or the ideas that Debra had like playing a movie of the successful outcome, speaking with people or choosing your attitude and listing out all the good things that have /are happening.  

Whatever it is you need to be the best version of yourself, you owe it to yourself to give it the best shot you can at being successful.

No successful business owner has ever had plain sailing all of the time, so what strategies can you use to help you navigate through choppy waters to safety!

If you never seen or heard of Debra Searle, I’d definitely recommend her TED EX talk it’s worth taking some time out to watch.

 

If you’d like to speak to one of the team to see what’s possible for you & your business feel free to call us on  0161 410 0020 or email [email protected] for a free no obligation chat.

After all “Not all Accountants are the same!”

 

 

 

Disclaimer
It is important that you take professional advice before making any decisions based on the information that you learnt here. While every effort has been made to make sure it is accurate it cannot be precisely tailored to your personal circumstances. This article is for general information only and no action should be taken, or refrained from, as a result of this information. Professional advice should be taken based on specific circumstances in each individual case. Whilst we endeavour to ensure that the information contained in the article is correct, no liability will be accepted by Krystal Clear Accounting which is a trading name of Kim Marlor Associates Ltd or damages of any kind arising from the contents of this communication, or for any action, inaction or decision taken as a result of using any such information.

What are Bank Feeds and how do they work?

Related Articles

In short, bank feeds create a digital link between your business bank account and your accounting software, such as Xero or QuickBooks.  

This means bank transactions are automatically downloaded into the accounting software. This simple piece of automation, completely removes the need to manually input every bank receipt and payment into the accounting software. 

Having bank feeds in place, saves a HUGE amount of time bookkeeping. That’s because it completely removes the need to manually input bank transactions into the accounting software. 

Saving time bookkeeping isn’t the only benefit for the business…. 

 

 

What businesses can learn from Debra Searle

What are the main benefits to a business using bank feeds?

Bank feeds automate, what was previously, a time-consuming task of entering all the bank transactions into the accounting software. 

 This saves the business a HUGE amount of time (& money) spent on bookkeeping.  

With bank transactions being downloaded from the bank every day, it means it’s quicker and easier to keep the bank balance in the accounting software up-to date. 

With the accounting software up-to date, the bank is updated daily which gives you a clearer, real-time view of your business’s cash flow.  

This makes it easier for you to plan your cashflow, and take action to improve it. 

There is always the risk of errors being made when data is being manually inputted into the accounting system. It is often time-consuming to find and correct any errors. Also, if an error is large then the Profit & loss and Balance Sheet reports will be inaccurate and potentially misleading. 

 Automating the bank transaction entry previously manual process, reduces the risk of errors being made and ensures that the bookkeeping records and reports are accurate. 

How to Link Your Bank to Xero

Ensure that your bank account is set up for online banking. This feature is typically available from all major banks. 

Log into your Xero account and navigate to the banking section. Select ‘Add Bank Account’ and follow the prompts to search for your bank. 

After adding your bank account details, you’ll see an option to set up bank feeds. Click ‘Agree’ to the terms, then securely log into your online banking portal through Xero to authorize the connection. 

 

Are Bank Feeds Safe & Secure?

Yes. 

Firstly, having bank feeds in place ONLY means bank transactions are downloaded into the accounting system. They do NOT give anyone else access to the business bank account. 

 Secondly, XERO has various security measures in place to give you a piece of mind that your financial data is safe and secure: 

 

  • Encrypted Connections: Xero uses advanced encryption technology to secure the data transmission from your bank to Xero. This means your sensitive information is encrypted during transit and cannot be intercepted or read by unauthorized parties. 

 

  • Compliance and Standards: Xero adheres to high standards of data security compliance, thus ensuring that its practices meet or exceed industry security standards and regulations. 

 

  • Regular Renewals: To maintain a high level of security, XERO requires that the bank feed connection is renewed every 90 days. This process is straightforward and helps ensure that the integrity of your financial data is always protected. 

 

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KIm Marlor the MD of Krystal Clear Accounting
krystal clear accounting

In Summary

In short, having bank feeds really saves businesses time and money on their bookkeeping.  

 They automate and eliminate what is otherwise a time consuming and error prone manual process.  

 Bank feeds is just one of the ways technology can be used to help business owners improve the financial side of their business.

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