As a business owner, have you ever thought about how you really manage your money? No, not just how much money you make and how you pay your expenses but really manage your money in your business in a way that makes sure that you get paid properly from your business. Money in your business should not be a stressor!
Dawn Kennedy is an attorney, financial coach, and serial entrepreneur who is passionate about helping small businesses thrive in the face of unexpected market changes by ensuring there is a plan to protect financial milestones as the company grows. She learned some tough financial lessons with UNEQ Consulting, LLC, a six-figure consulting business she ran with her husband Mike.
On November 1st, 2013, Mike had a near-fatal fall 18 feet off of a ladder, and by the grace of God he survived, but their company did not. Mike
went into rehabilitation and they were forced to confront the stack of bills they could no longer pay. It took 39 months, but they paid the
business and personal debt off at a total of over $76,000.00.
Purpose Of This Episode
Dawn solves problems with creative options that get results that involve their money. It is the one topic that people don't want to really talk about or be reminded of so they ignore it except when they need to pay bills. Money is a tool and should not be taken personally. Dawn shows you have to handle it as the tool it was meant to be.
Tips To Follow In This Episode
- The tragedy that you face in life does not have to be seen that way, it could very well be the next business move you make that impact the lives of others.
- Make sure that every dollar you make has a job. That is what helps with good money management.
- It is super important to be able to manage your money in a way that you are paying yourself a regular paycheck out of your business earnings and not just using your business as a piggy bank.
- Know your numbers, that is very important. What you pay attention to grows and without knowing your numbers there is no way to effectively make it grow.
LINKS MENTIONED IN THE EPISODE:
Find Dawn on social media:
Action Tip For The Episode
Dawn says "I have 2: the first, get organized! Put all of your bill information in one place. In a spreadsheet or on a page, maybe in a notebook. List the
expense, account number, online login info, physical address and phone numbers for the bill. This will allow you to have a central list so you
can sit down to pay bills. Second, Get your B-Number. It is free and takes about 30 minutes. There is a free ebook on the website and free videos on the Facebook page!"
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Until next week, remember that you are an Inspiration to women around you and that is what makes you Amazing!
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