If you’re planning to start a business, it’s important to make sure that you have enough cash to cover your operations. Here are a few tips to help you do that:
- Keep your day job for as long as possible, even if it means working late or very early. This will provide you with a steady income while you work on your business.
- Figure out exactly how much money you need to make from your business each day or week. This will help you set realistic goals and make sure that you’re always earning enough to keep your business afloat.
- Set aside money for taxes regularly. This will help you avoid any surprises when tax time rolls around and ensure that you have the funds to pay your taxes on time.
For more information and discussion on this topic, check out the A-Z Budget Planning Podcast Series Episode 3 with David Rankin on SortMyMoney.com.au.
If you have any questions or concerns, feel free to reach out to us at 1300 98 38 61 or email us at info@sortmymoney.com.au.