#106: Business Emergency Funds – The Money Move Entrepreneurs are Guilty of Avoiding

In this recap episode, Tory and Ashlan debrief their conversation with money coach Julie Stair and pull out the real-world lessons that hit home–especially around emergency savings, money mindset, and avoiding debt while building a business. They also share a few practical “we’ve been there” examples (hello, dead laptop) and talk through how entrepreneurs can reduce money stress without pretending cash flow is always predictable.Listen if you’re a business owner who knows you should be doing certain money things… and would like to stop feeling personally attacked by your own to-do list. Key Takeaways from the Episode: Emergency savings and a rainy day fund are important for business and your family. Julie’s reminder lands hard: business emergencies happen (laptops die, tech fails, life happens), and a dedicated buffer can keep you from panic-spending.Automation is the cheat code. Ashlan shares a system where a percentage of every invoice payment automatically moves into business savings, so it grows without extra willpower.Take action instead of spiraling. Ashlan calls out the trap of doing nothing when finances feel shaky and reframes it as: make a plan, take a calculated step, adjust as you go.Multiple income streams can reduce stress during transitions. They validate Julie’s advice that side gigs (or a bridge plan) can help entrepreneurs build stability, especially when startup costs are low for service-based businesses.Not all businesses have the same financial runway needs. They highlight how service-based, online businesses often have lower overhead than brick-and-mortar ventures, which changes what “safe to start” looks like.If you’d like to listen to Julie’s episode, you can find it at the links below: Apple Podcasts: https://podcasts.apple.com/us/podcast/your-money-mindset-is-an-important-business-strategy/id1735641469?i=1000745906449Spotify: https://open.spotify.com/episode/4vqz4lxWtDv5AywIAXgNP6?si=DYr2S8PJSr-hTfsdi015xgYouTube: https://youtu.be/enhcireRdfw?si=ZWBUlkGF5jbsHE0jHost information:Co-Host, Ashlan Glazier-Anderson, Owner of AshbeanPDX MarketingCo-Host, Victoria (Tory) Proppe, Owner of Imagine Marketing StrategiesConnect:YouTube: https://www.youtube.com/@TaketheLeap-Today Instagram: https://www.instagram.com/taketheleap_today Ashlan:https://www.instagram.com/ashbeanpdxmktg https://www.linkedin.com/in/ashlan-glazier-anderson Tory:https://www.instagram.com/imaginemarketingstrategies https://www.linkedin.com/in/victoriaproppe The Course: The Take the Leap course contains everything you need to know to successfully launch your business now. Sign up today to join the course and get support from Ashlan & Tory who will guide you through your journey as a new entrepreneur.Sign up here: https://www.taketheleap-today.com/the-course Like our content? Be sure to subscribe and review! Want to keep in touch? Find us on:YoutubeInstagram