26: Emergency Funds And Being Prepared For Emergencies In Your Small Business Whether You Are Self-Employed, A Solopreneur, Entrepreneur, Small Business Owner, Virtual Online Bookkeeper Or VA

We’ve all heard how important it is to have an emergency fund for our personal finances.  There may be a time when your car needs repairs, or you lose your job, or maybe you have an unexpected expense pop up.  When you have an emergency fund set up, you are able to dip into it when you have these emergencies in your personal life, but what about in your business?  Is it necessary for your business to have an emergency fund?  If you do need an emergency fund in your business, how much money do you need to set aside and where should these funds be saved?  These are all legitimate questions and today on the Mastering Your Small Business Finances podcast, I am going to dive into some of the best practices for emergency funds in a small business.  It doesn’t matter if you are using QuickBooks, Xero or a manual bookkeeping system for your small business.  If you already had an emergency fund set up and funded, but unfortunately this last year left you with close to an empty fund, I am going to talk about ways you can start replenishing that emergency fund again.  It doesn’t matter if you are just thinking about starting a new business, or are already a solopreneur, entrepreneur, small business owner, virtual online bookkeeper, or virtual assistant, making sure you have the necessary emergency funds set aside could be what saves you from closing your business if you find yourself running into some difficult times.  Listen in as we talk about what an emergency fund should look like for your small business and how it could bring you peace of mind when done correctly… Save $10 with code April2021 when you purchase a Youth Financial Journey which inspires kids & teens with age-appropriate adventures in earning, saving, spending, and sharing money while developing a strong financial foundation: www.FinancialAdventure.com/Join Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: www.FinancialAdventure.com/5Essentials Your FREE Online Virtual Bookkeeping Business Starter Guide is waiting for you: www.FinancialAdventure.com/StarterGuide Want To Create A Profitable Bookkeeping Business (Or Improve Your Existing Bookkeeping Business), Check Out My Elevate Your Bookkeeping Business Program: www.FinancialAdventure.com/Elevate-Waitlist Fill out the Contact Us form if you are a small business owner looking for a qualified bookkeeper: www.FinancialAdventure.com/Contact-Us Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you: www.FinancialAdventure.com/Discovery Join Our Facebook Community:  www.facebook.com/groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique QuickBooks Online - Save 50% Your First 3 Months: www.FinancialAdventure.com/QuickBooks Show Notes:  www.FinancialAdventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources