Being an entrepreneur is really different than working a 9-5 and it’s no different when it comes to managing your finances. Wanting to stick to your budget is fine, but it’s even more tricky when your income is variable because ALL the guidance out there is for people pulling in regular paychecks. In fact, we have become so conditioned to believe that we need regular inflows of money to create “stability” that we try to recreate these circumstances in our business in the offers we create and the way to run our business. But it’s a lie.
These are the outlines of the solutions I use myself and that I teach my one-on-one clients. While these solutions may not work in every scenario they are based repeatedly positive outcomes that I have personally seen in my own life and the lives of my clients.
Solution: Make your life “emergency free” by creating contingency funds for everything!
Solution: Stop focusing on inflow and focus on consistent outflow instead
Solution: Plan, set aside your ego (oof) and start working
These three things are the top reason that you have a hard time trying to stick to your budget – but it doesn’t have to be your permanent reality. I have a whole series on how to create a business budget that you can read more about below on the My Bulletproof Budget Blog.
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