The Pay Yourself First model is non-negotiable for sustainable entrepreneurship, yet most founders put themselves last. Financial strategist Monica Duggal breaks down her BITES method (Budget, Investing, Taxes, Exit Strategy, Systems) to help founders turn financial chaos into clarity. She explains why you need a financial system that prioritizes the founder from day one, rather than following the risky VC model of waiting for a big exit. We also cover why a two-year personal runway is crucial before you start, and how to turn every dollar of revenue into business growth. This is an essential guide for any entrepreneur who wants to build a legacy, not just a business. Check out the company: https://monicaduggal.com
Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory
👀 CONNECT WITH SEAN
Subscribe: https://www.youtube.com/@seanweisbrot
LinkedIn: https://linkedin.com/in/seanweisbrot
Inquiries: welivetobuild@gmail.com
🕒 CHAPTERS
00:00 - Introduction: Your Financial Health Check
00:50 - The BITES Method: A Founder's Financial Blueprint
01:45 - B: Budgeting Like a CFO (Making Every Dollar Count)
06:00 - The Critical 2-Year Runway for New Founders
09:10 - I: Investing & Building Your Company's Cash Reserves
10:30 - The "Profit First" Rule: Why You MUST Pay Yourself
19:20 - T: A Simple System for Managing Your Taxes
20:45 - E: Why You Need an Exit Strategy from Day One
22:00 - S: The Power of Systems and SOPs
23:25 - The Most Important Lesson: Just Keep Going
📈 WORK WITH ME
â–¶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory
â–¶ Sponsor the Channel: https://www.welivetobuild.com/collaborate
â–¶ My AI/Automation Agency: https://optimai.ai
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