Your Business on Purpose

E99: Struggles of Variable Income Earners & How to Prevent It


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Want to achieve improved financial stability and resiliency for sustainable business growth? Ready to take your business to the next level? I've got the solution to help you achieve that result. Let's dive in and explore the strategies that will transform your business finances and set you up for long-term success.

In this episode, you will be able to:

  • "Build an emergency fund to protect your business from unexpected financial challenges and ensure long-term stability."

  • "Learn effective strategies for managing variable income as an entrepreneur to maintain financial security and peace of mind."

  • "Discover actionable steps for reducing business debt and achieving financial freedom for sustainable growth."

  • "Set up a hills and valley fund to smooth out income fluctuations and safeguard your business against financial rough patches."

  • "Get insights on planning for retirement as a business owner to secure your future and enjoy the fruits of your labor."

  • Establishing an emergency fund is crucial for small business owners to build financial resilience and be prepared for unexpected expenses. 2. By setting aside funds in a Hills and Valleys Fund during prosperous months, business owners can create a safety net for leaner periods. 3. Prioritizing retirement savings and debt management are essential components of building financial resilience for sustainable business growth.

    The resources mentioned in this episode are:

    • Visit my website at yourmoneyonpurpose.com to make an appointment for personalized money coaching tailored to your business's needs.

    • Connect with me on social media at @yourmoneyonpurpose to stay updated on financial tips, strategies, and resources for managing your business's finances effectively.

    • Email me at yourmoneyonpurposemail to inquire about my services and how I can help you alleviate financial anxiety and build healthy money habits for your business.

    • Reach out for guidance on managing variable income, reducing debt, and planning for retirement to align your financial behaviors with your business goals and values.

    • Embrace your journey of intentional business and purposeful living by tuning in for more episodes and valuable insights on conducting business on purpose.

    • 1. Establishing an emergency fund is crucial for small business owners to build financial resilience and be prepared for unexpected expenses.

      2. By setting aside funds in a Hills and Valleys Fund during prosperous months, business owners can create a safety net for leaner periods.

      3. Prioritizing retirement savings and debt management are essential components of building financial resilience for sustainable business growth.

      The resources mentioned in this episode are:

      • Visit my website at yourmoneyonpurpose.com to make an appointment for personalized money coaching tailored to your business's needs.

      • Connect with me on social media at @yourmoneyonpurpose to stay updated on financial tips, strategies, and resources for managing your business's finances effectively.

      • Email me at [email protected] to inquire about my services and how I can help you alleviate financial anxiety and build healthy money habits for your business.

      • Reach out for guidance on managing variable income, reducing debt, and planning for retirement to align your financial behaviors with your business goals and values.

      • Embrace your journey of intentional business and purposeful living by tuning in for more episodes and valuable insights on conducting business on purpose.

      • ...more
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        Your Business on PurposeBy Dawnette Palmore