4. What To Do When You're Not Making Any Money
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This episode of the Finance Fix podcast is about reframing how you think about money in your business. The host, Lucy Starbuck, argues that instead of saying "not making any money," you should focus on what stage your business is in and what your goals are.
Here are the key points:
- Don't say "not making any money": This phrase can be discouraging and doesn't reflect the reality of your business. You may be in the startup phase, losing money but on track for profitability, or making a profit you want to increase.
- Track your income and expenses: This will give you a clear picture of your business's financial health.
- Set goals: Decide what you want your business to achieve financially. Are you running a hobby, side hustle, or full-time business?
- Make a plan: If you're not making the profit you want, create a plan to increase your income or decrease your expenses.
- Focus on gratitude: Be grateful for the money you are bringing in, even if it's not what you want yet.
Welcome to the Finance Fix podcast with Lucy Starbuck, your go-to destination for all things finance, served with a side of banter and empowerment. In this episode, Lucy takes on the cosmic chaos of Mercury retrograde and navigates through the quirks of technology, adding a sprinkle of humor to the mix. Despite the retrograde antics, Lucy delves into the transformative potential of financial projections, inviting listeners to join her on a journey of financial empowerment.
With her trademark wit and charm, Lucy simplifies the world of finance, debunking myths and making strategic planning accessible to all. From setting revenue goals to mastering tax strategies, Lucy guides entrepreneurs through the twists and turns of financial planning with a dose of humor and practical wisdom. So grab your favorite beverage, tune in to the Finance Fix podcast, and let Lucy show you how to navigate the world of finance with confidence and a smile.
This podcast is *the* space to:π create the much-needed change in the way we talk about biz finance so you can finally understand what the f**k is going onπ learn *how* to grow cash balance & take it from from bitter π to sweet ππ understand how to master the energetics influence our life, business & money π«π hear from very special guests who will enhance your business journey with their expertise & stories π
Follow along with Lucy at https://www.lucystarbuck.co/
Join πThe Finance Fix π digital course to kickstart your business finance journey: https://www.lucystarbuck.co/offers/EqkFqmJL
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