Financially Simple

Having all of your financial ducks in a row before starting out on a new business will increase the likelihood of success and fewer headaches further down the road. Justin looks at three key areas where entrepreneurs should check their financials before getting started. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TIME INDEX: 00:31 - Preparing Your Personal Finances for Starting a Business 02:32 - Update Your Personal Financial Statement 05:55 - Do You Have an Emergency Fund? 07:46 - Do You Have the Proper Insurance? 11:47 - Do You Have Your Legal Documents? 13:55 - Have You Eliminated Your Unsecured Debt? 16:55 - Update Your Budget 17:14 - Minimize Your Expenses 18:16 - Consider a Second Income While Starting Your Business 20:22 - Do You Need to Improve Your Credit Score? 21:29 - Business Analysis - Do You Need More Than Normal Funds to Start? 23:23 - Can You Start Buying Business Equipment Beforehand? 23:57 - Do You Need to Do a Trial Run on the Busi