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Where to Start With Putting Money Aside in Business

Where to Start With Putting Money Aside in Business

FromIt's Not About The Money


Where to Start With Putting Money Aside in Business

FromIt's Not About The Money

ratings:
Length:
30 minutes
Released:
Mar 4, 2024
Format:
Podcast episode

Description

In this episode of ‘It’s Not About the Money’ (formerly ‘In Her Financial Shoes’) I discuss where to start with putting money aside in your business.  I focus on five critical money pots that every business owner should consider: expenses, profit payouts, tax and VAT, cash reserves, and investments. I also discuss the importance of accurately predicting expenses for growth, paying yourself first, setting aside money for tax and VAT, maintaining cash reserves, and exploring tax-efficient investments. By addressing these areas, business owners can improve their financial stability, increase personal wealth, and make better financial decisions.   Key Takeaways Accurately predict expenses for growth in your business. Pay yourself first to prioritise savings and increase personal wealth. Set aside money for tax and VAT to avoid financial surprises. Maintain cash reserves to ensure financial stability. Explore tax-efficient investments to grow business assets.   Chapters 00:00 Introduction 01:27 Expenses 08:07 Profit Payouts 16:19 Tax and VAT 18:46 Cash Reserves 23:06 Investments 27:36 Summary  
Released:
Mar 4, 2024
Format:
Podcast episode

Titles in the series (100)

It’s not about the money is for women in business who know they want to make more money whilst holding onto more money and growing an abundance of wealth. You're tired of overgiving, undercharging and being stuck in a scarcity money mindset. You know you have it in you, you just need financial confidence and an abundant mindset. You're excited and ready to learn what it takes to make more money, invest and step into wealth. Hosted by Catherine Morgan, Author, Award-winning Financial Wellbeing Speaker, Financial Coach and Trauma-informed coach. You'll learn the steps to create more wealth, grow your business, and have a better relationship with money. This is the show for you to feel good with money and to explore the meaning beyond wealth. This podcast is the one to listen to if you're a female entrepreneur. ‘Formerly the In Her Financial Shoes Podcast.’