How to alleviate financial stress
Do you have an emergency bucket for your business? In this episode, Fiona discusses the importance of creating a financial buffer for your business. She shares her personal experience and advice on calculating and building a buffer. Tune in!
My Daily Business Podcast · Fiona Killackey
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Show Notes
Do you have an emergency bucket for your business? In this episode, Fiona discusses the importance of creating a financial buffer for your business. She shares her personal experience and advice on calculating and building a buffer. Tune in!
You'll Learn How To:
- Considering economic uncertainty and potential recessions
- Saving a buffer to cover living expenses
- Addressing financial difficulties
- The importance of financial education and planning
- Tips for determining your business's survival rate and building a buffer
- Tracking and categorizing business expenses
- Budgeting tools and software options
- Evaluating the necessity of expenses and potential cost-cutting
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