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Personal Finance Tips for Small Business Owners | Timothy P. Lofton | Business & Entrepreneurship
a Personal Finance Tips for Small Business Owners by timlofton | Sep 27, 2020 | Timothy P. Lofton
As a small business owner, it’s especially important to pay attention to personal finances. Some business owners make the mistake of mixing personal accounts with business funds. This can lead to many problems and put you in a bind. Read on to find out more about the personal finance tips for small business owners that can put you in a better position. Create an Emergency Fund Creating an emergency fund is in your best interest because it can protect you from financial peril. You can save money and place it in this account when business is going really well. This way, you’ll be able to access this fund if you ever have cash flow issues or if you need money to solve some other type of financial problem. It’s responsible to have a rainy day fund like this. Create a Business Budget and a Personal Budget timothyplofton.com/personal-finance-tips-for-small-business-owners/
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