⁠⁠Book a free 30 minute financial coaching session with us!⁠⁠⁠⁠⁠⁠ ⁠
Today we're continuing a special Q&A series where we're taking questions directly from you: our listeners, clients and fans! The first question is about small business that have used personal funds to get started.
About 75% of our clients have their own business or side hustle. In this episode, we're diving into budgeting and small business finances and sharing strategies & tips for your business. As financial coaches, we understand the challenges faced by entrepreneurs who are funding their businesses with personal money or relying on debt. Join us as we provide valuable insights on how to take control of your business budget, make strategic spending decisions, and ultimately achieve financial success.
Key Points Covered:

Tracking and measuring expenses: Start with a business budget to manage effectively.
Halting unnecessary spending: Utilize existing resources and inventory to generate income.
Breaking the cycle of business debt: Paying yourself back and setting up a debt tracker.
Establishing a systematic paycheck from your business to your personal budget.
Creating profitability: Prioritizing income generation, debt repayment, and personal income.
Treating your business seriously: Track, budget, and avoid unnecessary debt.
How financial coaching for small business owners can help.

Managing your business finances effectively is crucial for sustainable growth. By implementing these strategies and adopting a proactive approach to tracking, budgeting, and debt repayment, you can achieve financial stability and pave the way for future success. Remember, financial coaching is available to support you on this journey. Feel free to reach out to us for personalized assistance in getting your business finances in order.
Email us any questions: info@myidealbalance.com
Interested in Coaching? We work 1:1 with clients to do everything we talk about in this show. If you’re interested, click this link to set up a FREE 30 minute free session with us. We’ll chat, get to know one another and see if coaching is a good option for you! There is no obligation whatsoever on this call, but we will give you some quick wins you can implement immediately to level up your money management!
⁠Book a free 30 minute financial coaching session with us!⁠⁠⁠⁠⁠ ⁠
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