EP24: From Scrimping to Success: Master the Art of Business Budgeting
When you first start a business, every penny counts and you need to craft a budget that makes sense for where you are. Although it's not as fun or as sexy as marketing, managing your budget and cash flow will absolutely make you feel sexy when your business is thriving.
Join Toa Green as she helps you navigate the treacherous waters of business finance and the myriad of tech tools promising efficiency for your business. Prioritizing your needs and managing cash flow is a key to long term success in entrepreneurship.
In this episode, you will learn to:
Prioritize what is actually important to successfully run a business on a shoestring budget.
Manage cash flow to achieve financial sustainability and growth.
Explore free tech tools for driving business operational efficiency and effectiveness.
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Thank you to our sponsors!
Goldbelly | Find the most famous, most regional iconic foods from around the country–including Crank + Boom Ice Cream–and ship it all right to your door at goldbelly.com/
Holly Hill Restaurants | 9 unique locations in Kentucky that celebrate the connection of family, to farm to table. Find stories, recipes, how-to's, and curated gifts by visiting hollyhillandco.com
Resources Mentioned From the Episode
Slack — A platform to communicate with your team. It's faster, better organized, and more secure than email or text.
Canva — (We’re always talking about Canva around here!) They’ve got everything for all your design, marketing, and communication needs.
Google Docs - Use Google Docs to create, and collaborate on online documents. Edit together with secure sharing in real-time and from any device.
Quotable Moments From the Episode
“Every time you want to spend something that is not in the regular budget, ask; why are you spending it? Is it an investment? Is it going to make you more money down the road? Is this technology going to save you money? Take all of those expenses and figure out how they are going to fit into your business.” - Toa Green
“I have some great news for you. There are so many amazing tools out there that you can use to help you on the tech side to help you run your business. And also the bad news. There are so many tools out there that can help you run your business." - Toa Green
"As you embark on your journey of running a small business on a budget, keep in mind that with resourcefulness, creativity, and smart financial management, you can turn limitations into opportunities.” - Toa Green
Connect with Toa!
C&B Podcast website
*Production by Four Eyes Media*