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Behind the Numbers of Starting a Business, With Lauryn Williams and Chloé Moore
Manage episode 407375310 series 3561423
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Welcome to Round 2 of the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They will take you behind the numbers with real-life examples of financial situations to help you gain confidence and clarity to control your financial destiny.
Are you thinking about quitting your job to start a business? Lauryn and Chloe are sharing behind the numbers of starting a business and what you need to think about before quitting your nine-to-five.
In this episode, Lauryn and Chloé talk about:
How much money the majority of small business owners are actually making
The statistics around how many small businesses fail and why
Types of small businesses most likely to fail
How to get your financial house in order before starting a business
Knocking out your debt before quitting your job
Types of “emergencies” that entrepreneurs may face
The need to replace your employee benefits like health insurance
How much extra you need to make to “match” your employee income
The importance of considering your startup costs and the cost of running your business
Outsourcing vs doing it yourself
Business projections and professionals who can help you manage your business finances
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Twitter: @worth_winning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
If you want to connect further with Chloé Moore:
Instagram: @financialstaples
Twitter: @finstaples
Facebook: @finstaples
LinkedIn: @chloemoore
Shared quote:
“Ideas are easy. Implementation is hard.” –Guy Kawasaki, Alltop Co-Founder and Entrepreneur
RESOURCES MENTIONED:
Explore attending a Welcome to Wealth financial retreat with Lauryn Williams in 2023.
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