101 | Q&A: What Are Some Budgeting Tips For Small Businesses Who Have Started By Using Personal Income & Personal Credit Cards? Small Business, Side Hustle, Accounting, Business Loans, Money

⁠Grab Our Signature Budget Template Now!⁠

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.

4 Ways To Connect With Us:

1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall 

2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook 

3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget 

4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching 

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