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As a small business owner, every dollar counts. If you can carefully track your income and expenses, you can ensure a healthy profit margin. But it all starts with a simple budget plan so you can take control of your finances and understand where every dollar you make is going. 

I know it can seem daunting and for so long, I’ve been reluctant to look and understand my own numbers in my business. If you can take the time to set up your budget plan and manage your money closely, it can be a totally game-changing tool to help you reach your financial goals. Today I’m bringing onto the show Ammar Assad, a Business Mentor who specializes in budgeting and Profit and Loss Statements. He works alongside Rob Dial and has coached and mentored over 500 coaches and is a business owner for a rental car franchise. So he knows a thing or two when it comes to managing your finances! Ammar gives us some money management tips for entrepreneurs and how to set up your budgeting system. We also touch on the benefits of investing in coaches to help you achieve your personal and business goals.

In this episode, we cover:

- Switching careers during Covid times

- Serving with intention as a coach

- The biggest fears people have investing in coaches and ways to move past these blocks

- The power of taking control of your change

- How to know which coach is right for you

- The steps to take to break down your cash flow in and cash flow out

- How to calculate your expenses 

- Ways to start investing in your business to make more money

- Knowing where to make cuts in your personal & business life if you’re losing money

- Looking at your spending habits

- Knowing your numbers in order to hit your financial goals

- What to consider when planning your financial goals

Want to learn more about the resources mentioned in today’s episode?

- Download Ammar's Budget Tracker Freebie

- Connect with Ammar on Instagram @ammarassad

- Connect with Ammar on LinkedIn

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