From bankruptcy court to racking in the dough, thanks to her lucrative business, Nicole Barham’s side hustle has now become one of the biggest contributors to her success as an entrepreneur.
“I started the business after my own experience of not managing my finances properly landed me in bankruptcy court,” said Barham, TIME reports. “I have a background in accounting and spent years taking care of my employer’s finances, so it was particularly heartbreaking that I was in this position.”
The bankruptcy experience left Barham inspired to regain control of her own narrative, ultimately leading to the side hustle that is now bringing her big bucks of more than $100,000 per quarter.
Empowerment From Rebuilding
Barham notes that the entire rebuilding process led her to find a new way to focus on fixing her finances and ultimately encouraged her to help others do the same.
“I decided to use my skills to turn my finances around and teach other women how to do the same so they can actually build wealth in their businesses,” she said, according to the outlet.
For Barham and most people, the reason for the mismanagement of finances is the lack of resources and tools available to those who need them the most. Then, when one has what they need to get started, it can seem a bit overwhelming when there isn’t clear guidance on how to use the enhancements to live a life rooted in success.
“I’ve learned that the reason most of us don’t have our finances together is a lack of simplicity in the tools and platforms we have available to us,” she also shared with the outlet. “That and the absence of support and accountability.”
Design Your Wealth
Through Barham’s membership program, 5 MinuteBookkeeper™, boss women receive finance tracking tools in the simplest form, along with support and accountability to stay on top of their finances.
“I saw so many women entrepreneurs like myself who weren’t on top of their finances, didn’t know if they were making a profit or a loss, weren’t setting income goals and tracking against them, weren’t creating budgets, and were scrambling right at the tax deadline to get all their numbers together.”