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How to Create a Small Business Budget That Actually Works
Manage episode 459981947 series 2421926
Do you keep making budgets that never work in real life? Like many business owners, you might find that old-school budgeting just doesn't fit how you run your business.
In this episode, we share simple ways to make your budget work better for you. You'll learn:
- How to think of your budget more like a GPS that helps you, not a strict diet that makes you feel bad
- Ways to make smart money choices without guilt when things change
- How to plan for big bills that don't come every month
- A new way to protect your profits using special accounts
Whether you're just starting or looking to refine your existing business budget, this episode will give you practical steps to create a financial system that works with your entrepreneurial spirit, not against it.
🔑 Key Quote: Consider it this way: When you get to December 2025, do you want to be proud of (a) sticking to numbers your January-self set up no matter what happened in the business? Or (b) adapting to fit circumstances as the year changed to be in a better spot than your January self thought possible?
Links mentioned in the show:
- Join the Wealth Wisdom Financial Community: https://www.wealthwisdomfp.com/community
- Implement Profit First in 12 Easy Steps: https://www.wealthwisdomfp.com/profit
- Set up YNAB to be Profit-First friendly (and more): https://www.wealthwisdomfp.com/ynab
- Unlock the power of Bank On Yourself: https://www.wealthwisdomfp.com/boy
- Not Your Average Financial Podcast Episode 368: A Better Way to Profit First with Mike Michalowicz: https://nyafinancialpodcast.com/episode-368-a-better-way-to-profit-first-with-mike-michalowicz/
Watch on YouTube here: https://youtu.be/51Fi0XIbxsQ
100 episodes
Manage episode 459981947 series 2421926
Do you keep making budgets that never work in real life? Like many business owners, you might find that old-school budgeting just doesn't fit how you run your business.
In this episode, we share simple ways to make your budget work better for you. You'll learn:
- How to think of your budget more like a GPS that helps you, not a strict diet that makes you feel bad
- Ways to make smart money choices without guilt when things change
- How to plan for big bills that don't come every month
- A new way to protect your profits using special accounts
Whether you're just starting or looking to refine your existing business budget, this episode will give you practical steps to create a financial system that works with your entrepreneurial spirit, not against it.
🔑 Key Quote: Consider it this way: When you get to December 2025, do you want to be proud of (a) sticking to numbers your January-self set up no matter what happened in the business? Or (b) adapting to fit circumstances as the year changed to be in a better spot than your January self thought possible?
Links mentioned in the show:
- Join the Wealth Wisdom Financial Community: https://www.wealthwisdomfp.com/community
- Implement Profit First in 12 Easy Steps: https://www.wealthwisdomfp.com/profit
- Set up YNAB to be Profit-First friendly (and more): https://www.wealthwisdomfp.com/ynab
- Unlock the power of Bank On Yourself: https://www.wealthwisdomfp.com/boy
- Not Your Average Financial Podcast Episode 368: A Better Way to Profit First with Mike Michalowicz: https://nyafinancialpodcast.com/episode-368-a-better-way-to-profit-first-with-mike-michalowicz/
Watch on YouTube here: https://youtu.be/51Fi0XIbxsQ
100 episodes
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