Some of the worst financial advice you can get is to make a luxury purchase you can’t afford in the name of a tax write-off.
#Stay out of my business how to#
Related article: How to Create a Business Budget Using a budget (to look forward) and a profit and loss statement (to look backward) gives you the full picture of what’s happening financially in your business. A budget is how you tell your money where to go instead of wondering where it went. Plan your budget on paper, on purpose before each month begins.You’ve got this! As you strap in for the long haul of running your business debt-free, try out this financial advice for small businesses to get started: Yes, the extra effort might be rough at first, but it’s totally worth it.
The bottom line of The Three Little Pigs is this: Hard work pays off. Not a hair is out of place on your chinny chin chin. Even better: You can take advantage of rock-bottom prices and amazing opportunities as others cut their losses. You can keep a clear head and rise above fear, panic and hysteria when bad things happen. When your business is debt-free and strong, you’re strong too. Just like brick-house pig, you want a strong foundation for your business-and that means keeping it debt-free. All the huffing and puffing in the world couldn’t shake him or his house. But when the big, bad wolf came, brick-house pig was the last swine standing. Watching the other little pigs cut corners so they could pocket more money and put out less effort probably wasn’t fun for brick-house pig. In financial terms, those bricks translate to rock-solid cash. The hero of the story (spoiler alert) is the pig who built his house with bricks-not straw or sticks. To understand how a debt-free business sets you up to win, look no further than the classic fable The Three Little Pigs (yes, really!). Start growing in business and leadership with tactical tools, advice and resources delivered to your inbox every week.
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