Clever Girl Finance: The Side Hustle Guide

CHAPTER 5Business Finances—Let’s Talk Money!

Staying on top of your business finances is not just to generate revenue; it’s to make sure your profits stay in your pocket!

#CLEVERGIRLSKNOW

 

LAYING OUT YOUR STARTUP COSTS AND OPERATING EXPENSES

Let’s talk money! If you’ve been part of the Clever Girl Finance community for a while or have read my first two books (Clever Girl Finance: Ditch Debt, Save Money, and Build Real Wealth and Clever Girl: Learn How Investing Works, Grow Your Money), you already know that money is one of my absolute favorite topics!

When you create a solid plan for your finances, then execute it and adjust it accordingly over time, you put yourself in a position where you are able to make your financial goals a reality. Achieving these goals creates options that enable you to live your life on your own terms.

Having multiple streams of income is essential to any financial plan, and as you know, one solid way to add an additional stream of income is by having a side hustle. However, if you don’t have a proper plan in place for your business finances, then the money you earn will find ways to slip through your fingers (which is what money does best if you aren’t telling it what to do!). If that happens, you’ll find that you’ve spent all this time (long hours and no sleep) working a business, and for what? The last thing we want to do is work aimlessly and let our money slip away, #nothankyou. Plus, let’s not forget the regret of wasted time—been there, done ...