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One common thing we see with business owners is they take more money out of their business than the current stage of the business is actually making. In essence, they bleed the cash dry for the business to pay themselves. Our solution is usually to figure out how to increase the revenue/profit of the business to cover this, but many times the solution could lie within getting your personal finances in better order.
In this episode we cover some things that commonly cause business owners to have to pay themselves more than they would like to, as well as some habits that can carry over from the personal finance side into the business and cause harm. At the end, we share some ideas and strategies that can help you get both your personal and business finances in order!
