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Happy small business month! We are celebrating all of our small business owners in Canada this month, and what year it has been. As the pandemic continues, small businesses have had to navigate an ever-fluctuating market and get really creative as they come up with solutions to keep their businesses running. So, in this episode, I want to take some time to celebrate these brilliant business owners and highlight the amazing work they\\u2019re doing.

Listen in as I explain what I have witnessed to be the most important processes to have in place for companies as they have to continue to work through uncertain times. You will learn why you should always have an emergency fund, how to appropriately budget your finances, and how to proactively plan for your future.

\\u201cCompanies that proactively plan are able to be more successful.\\u201d \\xa0- Tracey Bissett

This Week on Young Money:

• How to be successful in the event of a market downturn.
• The importance of planning for the unexpected.
• Why you should always have a cash reserve for emergencies.
• How to be agile and quickly adapt in the face of uncertainty.
• The benefit of continuing to advance your knowledge on your finances.
• How to navigate conversations with your bookkeeper.

Key takeaways:

1. Plan for the unexpected.
2. Have an emergency fund.
3. Manage debt.
4. Advance your knowledge.
5. Take action.
6. Ask questions.

This episode is powered by the Cash Control Bootcamp

Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand your cash flow cycle, how to manage it, profitably price your products and services, have those difficult conversations with stakeholders and so much more.

To help you learn those critical skills I have developed the Cash Control Bootcamp - a live, online group program that empowers entrepreneurs\\xa0just like you\\xa0to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family.\\xa0Check out all the details here.

Enrolment is now open for The Cash Control Bootcamp -\\xa0Know Your Numbers, Protect your Business and Grow for the Future - Register\\xa0here today.\\xa0

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