3 things you should be budgeting for in your small biz [THAT NO ONE TALKS ABOUT]
these can make or break your business
Listen on
Most business owners know to budget for software, supplies, and marketing—but what about the hidden costs that truly sustain your business? In this episode, I’m diving into three overlooked business expenses that can make a huge impact on your financial success.
You deserve payment
If your business is operating, and you are not able to pay yourself–you have a cash problem. You wouldn’t show up to a job and work for free, so don’t let your business take advantage of you. I share how much you should be making from your business, and how to make it happen.
The dreaded taxes
I get it. No one likes taxes, they are just a way of life. If you are not saving for taxes and paying estimated taxes for your small business, you are digging a financial hole that you will be hard pressed to get out of come April. Listen to how much you should save, and my foolproof strategy for saving.
Grow your skills to increase your revenue
This last one may surprise you. But you should be budgeting for continuing education either for you or for your employees. If you are able to grow your skills, you can grow your revenue, too. I share 3 ways you can grow in the episode.
If you’ve ever struggled with cash flow, tax season panic, or undercharging for your services, this episode will help you shift your mindset and get your budget in check so you can build a profitable and sustainable business.
THANK YOU TO BEYOND THE BOOKS: SMALL BUSINESS SUCCESS SPONSORS
Hey, I'm Lexi!
Small town mom, wife, and biz enthusiast! When I’m not nerding out over small business financials or recording my podcast, you can find me in the passenger seat of our Jeep or talking entrepreneurship over a cup of coffee.
My mission? To help service based business owners grow + scale with strategic planning and financial data so they can do what they love every dang day!
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