294: How to Budget for Your Pet Business

Summary:

Why do you need a budget? With everything going on in the world, it's more important than ever to know exactly where your money is going and wrestle back some control of our finances. The principles of budgeting apply to both your personal life, as well as your business. We break down 5 reasons why having a budget will help you and then dive into how to apply the principles of budgeting. Then, Natasha O'Banion answers, "How do I see the long term view for my business?"

Main topics:

• Why you need a budget
• Simple principles
• Our major suggestions
• Automate saving/investing!
• Ask a Biz Coach

Main takeaway: If you want to see what's actually important to someone, look at their calendar AND their bank account. Setting a budget is you declaring what your priorities in life are and what you're willing to sacrifice to get there.

Links:

Ep 244: Roundtable on Pricing

Ep 245: Pricing Mindset

Ep 289: Investing as Business Owner

Ep 292: Tackling Inflation

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Full show notes and transcript

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