Protecting the inside of your business is one of the first steps in the Entre Money Coach business finance management method. By doing so, you prioritize your expenses in a way that keeps the doors open and able to conduct business. Let’s face it, sometimes business owners make decisions from a place of fear and that is never a good thing. If those decisions are not made with the right priorities, you could end up having to close the doors.
Dawn walks you through the steps for finding your Breakthrough Number or B-Number. With this number you will know exactly the amount of money your business has to make to keep the door open, pay yourself, and breakthrough to profit.
In this episode Dawn discusses…
The 4 Walls of Your Business and why prioritizing them first is critically important. (1:54)
Wall 1, what it is, and what happens if you do not prioritize it. (3:28)
Wall 2, what it is, and what happens if you do not prioritize it. (4:34)
Wall 3, what it is, and what happens if you do not prioritize it. (6:26)
Top 3 things to look for. (7:18)
Wall 4, what it is, and what happens if you do not prioritize it. (9:23)
Why it is so critical. (9:38)
Why the entrepreneur’s paycheck is so important. (11:22)
The one rule for payroll. (12:00)
Why your self-employment taxes seem so high. (13:20)
The right amount to withhold. (14:02).
Viola! (14:40)
If you are not yet there…(15:49)
Resource links:
Entre Money Coach Website- www.entremoneycoach.com
Links and Freebies- https://entremoneycoach.com/linktree/
What Clients Say About Working with Dawn- https://entremoneycoach.com/about-dawn/
In-Depth Information, Tips, and Strategies- https://entremoneycoach.com/blog/
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