Money Mistakes Small Business Owners Are Making And How to Fix Them
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Money Mistakes Small Business Owners Are Making And How to Fix Them
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Running your business on vibes and Venmo? Find out the five most common money mistakes I see small business owners, practice owners, and 1099 contractors make — and exactly how to fix them. You'll learn how to separate business and personal spending, pay yourself a steady paycheck, plan for taxes year-round, and build simple financial systems so your business supports your life instead of constantly stressing you out.
Key moments:
(04:41) The Target receipt problem: mixing business and personal expenses
(12:23) Revenue does not equal a paycheck (and how to pay yourself reliably)
(16:38) Using an overflow account to smooth out high and low months
(19:36) Year-round tax planning and simple systems to run your business like a business
There's no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free!
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