We all want to pay ourselves. In fact, we think it's the most important thing we can do for our businesses. But how often do you really do it? What frequency do you set aside a portion of your paycheck and automatically direct it to your savings account to meet long-term goals or emergencies?
Welcome to the PelviBiz Podcast! I’m your host, Dr. Kelly Alhooie, founder of OrthoPelvic Physical Therapy, Pelvic Health Business Grower, and PelviBiz Podcast. In this week’s episode, I will be talking about how setting goals for your business finances is an important part of running your business and how understanding your business expenses and budget will go a long way toward making sure your money works well for you.
I will touch on such topics as:
- Don't be afraid to pay yourself. When you pay yourself and set a higher standard on yourself, it will help you to achieve better things in life.
- Have a pay-roll system in place to ensure that you can manage the flow of information and transactions. Set up the process by which you will create and submit payment vouchers, check time sheets, and monitor payroll.
- Your business budget helps you to manage your cash flow and balance the books. It shows you how much you're spending on different areas of your business, as well as profits or losses.
- If you want to be more confident with your online business, don’t limit your budget that will help you leverage your profit.
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Have any questions about the topics covered in this podcast? Email Me at [email protected]