Thanks for watching “How To Properly Manage Your Money In Business - 3 Thrifty Ways (Ep. #40)”
In this video, I’m going to share with you the 3 WAYS on how to properly manage your money in business!
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Fibo Lim has built a following of over half a million entrepreneurs in the Philippines by helping them acquire red-hot prospects in social media, convert them into paying customers using an automated sales process, and generate sales 24/7 predictably & consistently.
He leads a community of sales professionals & entrepreneurs helping them grow their businesses online without chasing prospects, being judged, and experiencing rejection.
Fibo Lim is recognized as one of the most sought-after marketing consultants in the Philippines & a living legend in internet marketing.
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About:
In this video, I’m going to share with you the 3 WAYS on how to properly manage your money in business.
[1] SEPARATE YOURSELF AND THE BUSINESS.
- As a business owner, you and your business must be a separate entity especially its finances.
Meaning, your business finances are for business purposes while your personal finances should be separated.
[2] MANAGE COSTS.
- Most operational costs are regular - meaning, the amount can be fixed or easily estimated, and they come in a specific time frame whether monthly, yearly and so on.
Costs, therefore, are easy to monitor and manage.
[3] SET ASIDE FOR GROWTH.
- Setting aside for your business itself not only makes sure that your business survives, this money set aside makes sure that it thrives.
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Make sure you comment on what part had the biggest impact on you. 👇 Enjoy
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