The 2 Cents Business Podcast

020 - Time or Money...Bootstrapping Like A Boss

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Starting and growing a business is a bit of a dance… and a bit of a game.  Imagine a seesaw, one that balances time and money. At the beginning, and throughout the dance of business ownership, there’s a constant strive to balance them.

There will be times when you have more time than money...and times when you have more money than time.  But what about when the seesaw is broken and you have limited reserves of time AND money…

This episode is all about being a master bootstrapper.  Taking the time and money that you do have and making the absolute most of it…

Mentioned in this episode:

  • Invitation to chat with me - schedule a consultation
  • My personal reading list...especially excellent for bootstrappers

    • Highlights of this episode:

    • 00:46  The time and money seesaw but what if your seesaw is broken
    • 02:19  What to do instead of running to your credit cards (especially if you’re not sure if your business idea is a profitable one)
    • 03:09  When and why you shouldn’t use credit cards
    • 03:50  Why bootstrapping applies to all levels of business, not just the beginner or startup business owner
    • 04:42  Why you may need to say no to a few things
    • 06:06  How being laser focused will help you with time
    • 06:35  How to get over your procrastination + check out Episode 17
    • 06:58  Why documenting things now will help you in the long run
    • 08:13  Why you should implement a “cash only” policy
    • 09:26  How to decide when to invest and when to defer
    • 11:23  How much of cash reserve is recommended

      • RESOURCES

      Kill The Vanity Metrics Challenge

      Money Matters Checklist

      Resources List

      WORK WITH COMMON CENTS

      Virtual Accounting, Bookkeeping & CFO Services

      Courses & Programs

      Templates

      Planners & Printables


      Thanks for listening.  Don’t miss an episode - subscribe on:  Anchor, iTunes, Spotify, Stitcher

      Want to chat and hangout with me, Joyce?  You can find me on Facebook, Instagram or Twitter…as @thecommoncents.

      You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast

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      The 2 Cents Business PodcastBy Joyce M Washington, CPA
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