07/30/2021
It's Friday y'all and almost time for Happy Hour 🍸🍸 (It's 5 o'clock somewhere right? LOL)
Oh wait....you can't join us, because you overspent this week...AGAIN 😒😒.
Listen, I know entrepreneurship is hard so you don't have time to worry about having enough to cover business insurance, google ads, lunch with the team or if you can pay yourself a little bonus to hang with the girls this weekend. But unless you take the steps to manage your money, happy hour is going to continue being an afterthought.
You don't always need to make more, you just need to master winning with what you already have. Here's a few ways you can do that:
1. Track your revenue and expenses. This provides clarity of how much you’re spending and making. So if you only made $500 this week and you've spent $400 in expenses, purchasing that $150 course you really want to take probably isn't a good idea yet.
2. Don't commingle your business and personal funds. Save time by not having to go through bank statements and receipts when you need to provide information for grant and loan applications, or taxes at the end of the year.
3. Utilize your financial info. You can make better decisions on what costs you can cut to increase profits in order to pay yourself more or invest back into your business to generate more revenue.
4. Using a money plan. This tells you exactly where your money is going without worrying or stressing if you can save for those things you want to do like buy a new car, or go on a family vacation.
Pretty simple right? So which one can you commit to next week so this time we CAN see you at happy hour?
Let me know in the comments!
Happy Friday and Stay Savvy 🧡🧡