Freedom Unleashed:
Solopreneurship!
# 15: Free Budgeting Tips
For a Successful Transition from Corporate to Solopreneur
10 February, 2025
Today, I’ll be talking about how a little change can make a big difference. It is essential to understand the basics of finance and develop good financial habits to set yourself up for success. In this episode, we’ll explore some general money management tips for first-time entrepreneurs that can help you navigate the financial side of running a business. To find out more, you’ll have to listen to this episode (15).
Today I discuss…
- (0:59) Today I’ll be talking about how a little change can make a big difference. One of the most difficult things I’ve had to overcome as an entrepreneur is dealing with inconsistent income.
- (1:54) I’ll be posting to my podcast, my blog and my website a few days early on the Friday next week instead of on Sunday night or Monday morning as I have been.
- (2:57) By developing strong money management habits from the beginning, you set yourself up for financial stability and growth.
- (5:07) …having a clear budget can mean the difference between success and struggle.
- (6:14) It’s also important to budget for personal and business wants.
- (9:04) Cash flow is the lifeblood of any business and monitoring it closely ensures that you have enough money to cover your expenses at all times.
- (10:13) A positive cash flow allows you to confidently plan for future growth and unexpected costs.
- (10:38) As a business owner you are responsible for setting aside money for taxes since it is not automatically deducted like a traditional paycheck.
- (11:27) Being proactive about setting aside savings prevents financial stress and positions your business for sustainable growth.
- (13:16) The goal is to strike a balance between necessary investments and mindful spending.
- (15:00) Managing your finances as a first-time entrepreneur may seem overwhelming, but small intentional changes can make a significant impact.
- (16:06) Remember, financial success doesn’t happen overnight…
- (17:05) To celebrate the launch of my new webinar, I’ve decided to give something back to you all and offer a free month of coaching…
Listen for six key budgeting tips for first-time entrepreneurs that can help you navigate the financial side of running a business…
Links to small business budgeting mentioned in this episode:
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