Chuyển sang chế độ ngoại tuyến với ứng dụng Player FM !
Building a War Chest!
Manage episode 389356984 series 30569
In this episode, I discuss the importance of having a financial safety net, commonly known as a "war chest," for both personal and business expenses. I'll be sharing my own experience of building a war chest when I started my fitness business and emphasizing the need for responsible mentorship in this process. I'll outline the steps to take, including getting clear on personal and business expenses, stress testing these numbers, and aiming for a margin of 45-55%. I conclude by emphasising the significance of having a war chest regardless of the type of business.
190 tập
Manage episode 389356984 series 30569
In this episode, I discuss the importance of having a financial safety net, commonly known as a "war chest," for both personal and business expenses. I'll be sharing my own experience of building a war chest when I started my fitness business and emphasizing the need for responsible mentorship in this process. I'll outline the steps to take, including getting clear on personal and business expenses, stress testing these numbers, and aiming for a margin of 45-55%. I conclude by emphasising the significance of having a war chest regardless of the type of business.
190 tập
Tất cả các tập
×Chào mừng bạn đến với Player FM!
Player FM đang quét trang web để tìm các podcast chất lượng cao cho bạn thưởng thức ngay bây giờ. Đây là ứng dụng podcast tốt nhất và hoạt động trên Android, iPhone và web. Đăng ký để đồng bộ các theo dõi trên tất cả thiết bị.