In this episode, we talk about profit and available money in your business and what to do with it.
Discussed in this episode:
- Your profit isn’t all available for you to spend
- 1st pot is for shock proofing - how much is enough?
- 2nd pot is for investing in your business
- We do a deep dive into the 3 areas for investment in your business
- How to measure ROI
- 3rd pot is for fun, to make life better
- 4th pot is for future
- How to balance debt repayment with filling your pots
Replay Link: 3 Key Decisions You Need To Make To Thrive As A Business Owner During A Recession
