Female CEO Show

Ep 107 | Manage Your Money Better: Budgeting for Solopreneurs


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This week, we're talking MONEY! I know so many of you struggle with finances, understanding your income, saving and budgeting. I'm walking you through my basic methods of budgeting, working your numbers for clarity and giving you a better understanding of your business income so you can continue to grow and scale!




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Big Takeaways


Create budgets for both your business and personal life to have clarity around your finances.

Know your numbers and understand your expenses and income.

Reverse engineer your financial goals and break them down into daily, weekly, and monthly targets.

Separate your business and personal finances by having separate bank accounts.

Consider opening multiple savings accounts for different purposes, such as taxes or specific savings goals.


Chapters


00:00 Introduction: The Importance of Clarity in Your Finances

09:49 Creating Budgets for Your Business and Personal Life

15:25 Knowing Your Numbers and Understanding Your Expenses

35:05 Separating Your Business and Personal Finances

36:23 The Benefits of Multiple Savings Accounts




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Female CEO ShowBy Megan Turley