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The biggest problem in your business could be you
['Suzanne Walker', 'Root', '--M-A-Box-Bp', '--M-A-Box-Bp-L', '.M-A-Box', 'Width', 'Margin-Top', 'Important Margin-Bottom', 'Important', '.M-A-Box-Header']
The Western Weekender
Here’s the hard truth: You can build a profitable business and still bankrupt it by taking too much cash out.
Just because the money is in the bank doesn’t mean it’s yours to spend.
This week’s challenge: Print your business bank statements for the last three months and highlight every personal expense.
That’s roughly what you’ve withdrawn from your business in a year, often without considering the tax or cashflow consequences.
Start leading your business like it’s an investment, not a personal shopping account.