This is Especially True for Saving Money

Like anything else that’s worth doing, starting is the hard part. Saving money is no different. It’s like digging a hole.

Over the last couple of weeks, we have discussed why it’s critical to save money to keep your business afloat and how having a tool for that can help you figure out how much to save and what you’re saving it for. The Savings Transfer Sheet is like any other tool: it doesn’t do you a bit of good if you don’t actually use it.

Most business owners don’t fail because they can’t find work. They fail because they run out of money.

That's why it is so important to save intentionally, even when income isn’t consistent. That's where the Savings Transfer Sheet helps you plan ahead for big expenses, equipment replacements, and the unexpected costs that come with running a business.

Whether you’re just getting started or have been at it for years, learn how to have a clear plan for setting money aside and keeping your business stable no matter what comes your way.

A “Rainy-Day Fund” Can Help Keep You Afloat

It’s common for people in business to spend everything they make and not save for future investments or emergencies. For the most part, as a society we have become comfortable. There will be more, right?

We have forgotten how important it is to save money.

42% of Americans in 2022 had less than $1,000 in savings, and 10% didn’t have any. Businesses aren’t doing any better, and saving is every bit as important.