Beginning Balance artwork

Beginning Balance

106 episodes - English - Latest episode: 7 days ago - ★★★★★ - 63 ratings

Jesse Mecham and Mark Butler teach you how to manage your business cash flow, hone your business model, and not freak out about money.

Entrepreneurship Business Management cashflow budget finance
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Episodes

Rule Two: Sleep Better at Night by Embracing Your True Expenses

July 02, 2021 06:00 - 36 minutes - 35 MB

Mark and Jesse discuss how YNAB's Rule Two can help business owners sleep better at night, by setting aside money for their known (and some unknown) future expenses like taxes, insurance, future hiring, and more. No more sweating during tax season wondering what your tax bill will be and how you are going to pay for!   Mark Butler -- the Virtual CFO https://markbutler.com   You Need a Budget https://www.youneedabudget.com  

Managing Your Emotions Around Money with Rule One

June 25, 2021 06:00 - 31 minutes - 30.7 MB

Mark and Jesse conclude their discussion of Rule One -- Give Every Dollar a Job -- for businesses by exploring how it can help anxious owners gain control over their emotions around money, cash flow, and what to do with the company's excess cash.   Mark Butler CFO https://markbutler.com   You Need a Budget https://www.youneedabudget.com  

Rule One: Your Cash Is Your Strategy

June 18, 2021 06:00 - 44 minutes - 42.7 MB

Mark and Jesse continue their deep dive into YNAB's Rule One -- give every dollar a job -- as it applies to businesses. Jesse says "show me your outflows, and I'll show you your strategy." The things a business spends it's money on, is a proxy for the businesses strategy, just like the things individuals spend money on is a reflection of their values.   Mark takes this idea a few steps further, insisting that all of a business' cash is wrapped up in it's strategy, or lack thereof. Inflow...

Rule One: Scarcity and Clarity - How Do You Play the Game?

June 11, 2021 06:00 - 55 minutes - 51.9 MB

Mark and Jesse discuss Rule One -- give every dollar a job -- for businesses, specifically around the concept of scarcity. There are only so many dollars available at any one time, and often not enough to do everything an entrepreneur wants to do. Mark argues that this scarcity is actually the entrepreneur's best friend, as it drives businesses to get creative about reaching their goals with the resources they have, rather than put themselves in financially precarious positions by borrowing ...

Your Business On a Budget

June 04, 2021 06:00 - 41 minutes - 39.1 MB

Jesse Mecham, founder of software budgeting service You Need a Budget (YNAB), and Mark Butler, a virtual CFO who helps a businesses of all sizes manage their finances, join together to talk about the money issues many small businesses face, and strategies for addressing them. Today, they apply YNAB's four rules of budgeting to the small business, starting with Rule #1: Give Every Dollar a Job.   By giving every dollar a job, businesses can not only create reserves for unforeseen expenses...

Coming Soon: Budgeting for Your Small Business!

May 24, 2021 06:00 - 1 minute - 3.01 MB

Jesse Mecham and Mark Butler are launching a show all about small business finance. They will help you solve your cash flow problems, budget effectively, and increase your profits.