The Entrepreneur’s Challenge: Balancing Business and Personal Finance

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Hey everyone, we’re here to talk to you today, the entrepreneur, the small business owner. The great part of starting your own business is you are your own boss and congratulations, there is nothing more empowering than taking the plunge, striking out on your own. The bad news is also that you’re your own boss, believe me, I know. After the euphoria of getting the business started and you start booking your first revenue, reality starts to set in. You start to realize that time you might ideally start spending jamming with your friends, creating that next great app, working with clients, opening up new business channels or developing new products are also crowded out by administrative duties, accounting, legal, regulatory requirements, but then a light bulb goes off. You’re like, oh, there’s all kinds of new innovative ways to operate your small business, I’ll just outsource everything. But that also opens a Pandora’s box as an entrepreneur, even after you pick just one outsourced vendor, magically your email box starts to get spammed with a parade of everything under the sun that could possibly be outsourced. And now, guess what? Sound familiar?

You’re spending more time operating your business and doing all the administrative tasks and wearing all the hats of a small business owner or a startup trying to grow, or just running the business part of whatever your artistry or freelance gig is, as opposed to actually doing what you love. And that’s boring. And that’s not what you got into running your own business to do. So why am I talking about this, by the way? I’m not a personal business coach. I’m not a life coach. I’m not a marketing consultant. What I am is a financial advisor. And I can assure you one thing, don’t let your business eat you alive. And there’s one thing I do want to mention. Here’s the bottom line. Your personal tax situation, expenses that start to accrue from starting your own business shouldn’t affect your long-term savings plans. If you’re starting a business there are do’s and don’ts even maybes depending on the circumstances.

If I leave you with one thing as an entrepreneur or a freelance artist or a startup executive that I’ve learned sometimes easily and sometimes the hard way. Your business could be the greatest gift to world commerce. You might have the next great hit but make no mistake don’t let it derail your personal financial situation of today or of tomorrow. Contact me to learn more about successful strategies that allow entrepreneurs from all walks of life, technology startup, restauranteurs, musicians. Don’t let anyone tell you it’s make or break it with your personal finances when you become your own boss. If you’re the founder of a fast-growing startup or a local business owner you still can achieve all your long-term personal investment goals. Contact me and I’ll show you how. The bottom line is we get it and we’ll get it done for you. Give us a call at Gasima Global or check us out on all our social media.

 

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