Business Finance made EASY and SIMPLE with these 6 principles

➡️ Become a Business Owner: http://www.jennieanddavis.com/mybasem...

This video is about how to handle money in a business when you sell what you make woodworking. Make money selling your projects and what you build with the right mindset. Principles of Business Finance are not the same as good Personal Finance Principles. Knowing how to handle and manage money in a business is critical to avoid losing everything! Talk to a good CPA, and use this video to understand the Money Management principles for Business Finance.

Time Stamps:
00:00 Correct Information Might Not Apply
01:15 How Running a Business is Different
01:45 How to Manage Money in a Business
01:58 Our Experience with Business Finance
02:37 The Most Important Piece of Advice In This Video
03:08 Overview of How To Manage Money in a Business
03:30 When to shop around for a deal
04:35 is debt bad?
05:20 Should You Save Your Money?
06:58 Personal Finance Principles might not help you in running a Business
07:12 Keep your Business Finances Separate!
08:08 When to Call it Quits When Your Business Runs Out of Money
08:26 Debt is a great tool to buy assets!
09:15 The Best Example of Using Debt in a Business
10:01 The #1 Principle for Business Finance
12:27 Action Steps!!!

Thanks so much for watching - subscribe and try out our channel for a few days!

Buy our scrap wood! [USA-only]
https://www.samaratableco.com/product...

Fan Mail:
Jennie & Davis
8524 Hwy 6 N
Box 533
Houston, TX


Find us on IG:
  / jennieanddavis  
Our Blog:
https://www.jennieanddavis.com/blog

Music by:
Jaylon Ashaun - Stick to the Plan - https://thmatc.co/?l=6AFC9F7D

The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.
Air Force-related Media Inquiries Email:
403wg.pa2@us.af.mil

#StudStack #FollowYourFears #WoodworkingBusiness #Woodworking #SideHustle #Business #Furniture #Money #Maker #Project #DIY #DIYIdeas