A couple of years into business, after paying myself very little, I had accumulated $75k in my business account. I felt accomplished, as it was more money than I’d ever had by a long shot. 💰⁣⁣
So I did what I thought was the responsible thing to do and paid off $55k of debt I had... I figured I’d still have $20k and be all good.⁣⁣ But before you know it... I literally had $600 in my business account.
$𝟕𝟓𝐤 ➡️ $𝟔𝟎𝟎 𝐢𝐧 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝐚 𝐟𝐞𝐰 𝐰𝐞𝐞𝐤𝐬. ⁣⁣
Being in business is expensive: ⁣⁣Payroll, payroll taxes, inventory, bills, etc etc... In this episode, I'll break down the cash flow speed bump that I faced, so hopefully you won't have to!
Pay attention to what it costs to run your business (or even your household) - this lesson applies to everybody.

Ver todos los episodios