You might already know relation between your business life and personal life with respect to money, obviously because you run a small business. In order to succeed in your business, you have to give preference to your personal finances. Far and foremost you should be completely out of debt before venture into any business.
May be you are going through financial hardship and it's you and only you who can feel the bad days. More than often the problem is manifolded when you already run a business. The good part is that you can always try to make more money in the future. The point here is to learn to keep yourself living exactly on what you have.
Some of the practical approaches that you can follow are -
- You should spend less than you earn
- You should avoid using credit card
- You should always pay yourself first even if it is a small amount
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