EPISODE 121 : How to set up a savings plan for your business

Warren Buffet graced us with the reminder to “not save what is left after spending, but rather spend what is left after saving” .. a quote I no longer have to search up by way of reminder, but rather one that I live by and certainly one that I recommend to all my clients.

Not because I think it’s a cool quote, but because I know how well it works, especially in business. A habit that is hard to get started but one you’ll thank yourself for once you have. And it’s that .. a habit, a very good one I might add, and not just one reserved for your personal life.

Why?

Because business is just as uncertain financially .. therefore this habit emphasises the importance of making savings a priority in the financial plan for your future. Here are some ways you can get started … take a listen. A x 

Key points throughout the episode ..

• Where to start with a savings plan : Insert into your business plan [03:20]
• Action time! Get onto creating that habit [04:27]
• Time to give it more purpose [07:22]
• How to further set this plan up for success [08:59]
• The final stage!  Resisting temptation to use the money [10:05]

Links mentioned throughout the episode ..

Waitlist for my Small Business Cashflow Course (back in July 2023)