Run a Profitable Gym artwork

Stop Hoarding Money in Your Business (and Do This Instead)

Run a Profitable Gym

English - October 14, 2021 04:00 - 8 minutes - 5.98 MB - ★★★★★ - 61 ratings
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When it comes to bank accounts, bigger is better, right?

Chris Cooper says "no!"

Don't misunderstand: He's not saying you should spend every dime you make. But if your go-to financial strategy is to squirrel away every dollar into your business' bank account, you're actually limiting your earning potential.

Coop explains it all in this sprint episode of Two-Brain Radio.

Links:

AGuard
Beyond the Whiteboard
Gym Owners United

Timeline:

1:11 – Hoarding too much money is wasteful.

2:21 – Your safety net doesn’t need to be that big.

4:06 – How much cushion you really need. 

6:03 – Don’t let insecurity drive your financial plan.

7:13 – Examine where that insecurity comes from.