7 Budget-Smart Strategies for Solopreneurs | 43

Ever look at your business bank account and think ‘Where did all the money go?’ Or maybe you’re doing that revenue dance – you know, the one where some months you’re popping champagne and others you’re wondering how to cover your software subscriptions? Well, in my years as a banker, I saw this pattern over and over again.

But here’s the thing – the most successful business owners I’ve worked with weren’t necessarily the ones bringing in the most revenue. They were the ones who had specific money systems in place.

So today, I’m sharing seven strategies you can use to keep your business finances healthy and predictable.

And the good news is managing money in your business doesn’t have to be complicated. These are strategies you can actually implement, even if you’re running your empire from your home office in your favorite yoga pants.

Here’s a breakdown of the episode:

[01:29] Weekly Revenue Reviews

[03:18] Variable Expense Tracking

[04:54] Emergency Fund Management

[06:09] Implementing the Profit First System

[07:13] Regular Rate Reviews

[07:59] Tech Stack Optimization

[09:04] Setting Up a Tax Planning System [09:57] Conclusion and Recap

Resources mentioned:

This page contains affiliate links, which means I receive a small commission if you make a purchase using this link. For more information, see my full disclaimer here.

• Episode 31: How to Make Smart Financial Decisions for Your Business
• Episode 35: How to Use Profit First in Your Small Business
• Profit First – the book
• The Organized Business Toolbox is my monthly membership for solo entrepreneurs who want to feel in control and take imperfect action to move their businesses forward.

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• How a Financial Health Check Can Boost Your Business
• 7 Easy Steps to Set Up a Financial Management System
• How to Set Financial Goals for Your Small Business