The Profit Accelerator Podcast

Protecting Your Business (Emergency Fund)

January 27, 2021 Dawn Kennedy Season 1 Episode 9
The Profit Accelerator Podcast
Protecting Your Business (Emergency Fund)
Show Notes

In this episode, Dawn talks about protecting your business and the strategies for doing it. The Bureau of Labor reports that every year 1 in 12 businesses closes and only 4 out of 100 businesses survive past the 10-year mark. According to a US Bank study, 82% of companies fail because of cash flow problems. Protect Your Business!

In this episode Dawn discusses…

Why protection is so incredibly important. (:45). 

Protecting the 4 walls of your business. (1:36).

What happened after her husband’s accident in 2013 and what Dawn had to do. (2:00).

How to fund an Emergency Fund. (3:04).

The last thing she wants you to do to meet expenses. (3:55).

What you should never use your Emergency Fund for. (4:35)

The mechanics of funding your Emergency Fund. (5:46). 

Why your Emergency Fund must be a separate account. (6:48). 

 A couple of different approaches for filling the Emergency Fund. (7:26).

Once you have it fully funded. (11:19).

Resource links: 

Simple Strategies to Build a Business Emergency Fund blog post.  https://entremoneycoach.com/blog/business-emergency-fund/

Entre Money Coach Website- www.entremoneycoach.com

Links and Freebies- https://entremoneycoach.com/linktree/

What Clients Say About Working with Dawn- https://entremoneycoach.com/about-dawn/

In-Depth Information, Tips, and Strategies- https://entremoneycoach.com/blog/

Thanks for listening. If you liked what you heard and want more please like us on Facebook https://www.facebook.com/entremoneycoach, follow us on Instagram https://www.instagram.com/entremoneycoach, and subscribe to the Entre Pay Day Newsletter Entre Pay Day | Entre Money Coach

Pre-order Dawn’s book, The Profit Accelerator for Small Business https://entremoneycoach.com/book/

Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books