In Episode 22 of the Babies and Business Podcast, hosts Avram and Rachel open up and discuss their personal experiences with financial struggles and how these have impacted their business operations. Avram received really bad (and common!) money advice resulting in near bankruptcy, while Rachel grew up in poverty. They emphasize the mistakes that many businesses make when it comes to overspending and not paying adequate attention to their cash flow. If your business couldn’t handle a financial emergency today without going into debt, this episode is a must-listen!

Show Notes: https://babiesandbiz.com/22

[02:31] Really bad money advice that's given to entrepreneurs that's very common

[06:00] The program that helped Rachel get household finances under control

[08:08] Two app suggestions to help entrepreneurs budget their household with ease

[14:25] How much your business can actually afford to pay you

[16:22] True story: how a $4m/year business was toppled by a small financial emergency

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