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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 ratingsEntrepreneurship Business Health & Fitness fitness coaching crossfit business gym marketing ceo Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: How to Deal With the Copycat Gym Down the Street
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.