Here’s something I found in my digging into ways of dealing with cash flow issues: (and a little infographic to make it easy to remember.) When you separate your cash into different buckets, it forces discipline. I pulled this from Profit First by Mike Michalowicz and other resources. They teach that when money comes in, you allocate portions to different accounts before you spend it: profit, taxes, owner pay, operating. What the research says: The Profit First system flips the normal formula (Sales − Expenses = Profit) to Sales − Profit = Expenses. That means you take profit first, then run your business with what’s left. They recommend using multiple bank accounts (buckets) so you always know what portion of your cash is profit, what’s for taxes, what’s for you, what’s for bills. Typical starting allocation: maybe 5-10% of revenue goes into profit first, then a chunk for taxes, then your owner pay, the rest is operating expenses. As you grow, you adjust those percentages. Here’s what you can start doing today in your business to make sure you’re not bleeding money and so it can run WITHOUT YOU: 1. Set up three separate accounts at minimum: Operating (for bills, supplies, day-to-day) Profit (set aside a % of every deposit) Tax (to cover your quarterly or annual tax bills) 2. Decide your percentages (even rough ones): e.g. 5-10% to profit, 10-20% or more to tax depending on your situation, rest to operating and owner pay. Doesn’t have to be perfect at first. 3. Each time money comes in, immediately split it into those accounts before spending. Get in the habit like clockwork. 4. Over time, track your numbers. If you find profit account is empty or tax account is short, you’ll see exactly where you priced too low or spent too much. If you don’t separate the money, it’s too easy to spend what you think you have. You end up working crazy hours, worrying about bills, and you don’t build reserves. When you do this splitting, you build breathing room, reserves, and the ability to step away (for a day, for a week) without everything falling apart. That’s part of building your business without you.

Your time is the most expensive resource in your business. What’s one task you’d love to never ever have to do again?

Hey all, I have a bandana brand and in creating content I have tried be very focused on showing my product consistently in my social media feeds (thinking brand vs influencer since I have not been particularly successful with sales in the past) but now feeling like I really need to get back to the emotional piece of my content and wondering if anyone has advice on making sure people really know what you do while also not directly selling so much... I guess general question but one I've been thinking a lot about! Thanks!

Hi everyone! I’m excited to apply these learnings in helping my reach grow.

This video I did where I break down two different Alex Hormozi videos. Has done well on YouTube shorts. Not just in views. But it also got me 19 new subscribers. I'm doubling down on this style.