To run a successful online business, you need to keep your monthly expenses under control and invest in the parts of your business that will provide the best return. But what most entrepreneurs don’t realize is that they also need to make smart decisions with their personal finances too. Unless you have a business loan or startup capital, which very few online/lifestyle business do, you’re going to need to strike a balance between what you pay yourself and what to invest back into the business (especially in the early stages). That’s’ why in our latest episode, we explain the importance of getting your personal finances organized to ensure you give your business the best chance to thrive and grow.
Don’t forget to check out The20minbudget to learn more about our personal budgeting system for entrepreneurs.