How To Properly Manage Your Money In Business - 3 Thrifty Ways (Ep. #40)

Thanks for watching “How To Properly Manage Your Money In Business - 3 Thrifty Ways (Ep. #40)”

In this video, I’m going to share with you the 3 WAYS on how to properly manage your money in business!

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Fibo Lim has built a following of over half a million entrepreneurs in the Philippines by helping them acquire red-hot prospects in social media, convert them into paying customers using an automated sales process, and generate sales 24/7 predictably & consistently.
He leads a community of sales professionals & entrepreneurs helping them grow their businesses online without chasing prospects, being judged, and experiencing rejection.
Fibo Lim is recognized as one of the most sought-after marketing consultants in the Philippines & a living legend in internet marketing.

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Connect with Fibo Lim on Social Media:

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About:

In this video, I’m going to share with you the 3 WAYS on how to properly manage your money in business.

[1] SEPARATE YOURSELF AND THE BUSINESS.
- As a business owner, you and your business must be a separate entity especially its finances.

Meaning, your business finances are for business purposes while your personal finances should be separated.

[2] MANAGE COSTS.
- Most operational costs are regular - meaning, the amount can be fixed or easily estimated, and they come in a specific time frame whether monthly, yearly and so on.

Costs, therefore, are easy to monitor and manage.

[3] SET ASIDE FOR GROWTH.
- Setting aside for your business itself not only makes sure that your business survives, this money set aside makes sure that it thrives.

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Make sure you comment on what part had the biggest impact on you. 👇 Enjoy

If you liked this video, check out these other videos!

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#FiboLim #Manage #Money #Business

[ayahhabib]

I'm really struggling to manage my income, It always turns zero. Thanks for this advice.

[DavidHaroldCabangisan]

I'm here because of the Virtual Event today 👌 thank you sir for teaching us.

[jennybebjaving]

Thanks!I need to hear this! Im struggling with my business due to unexpected repairs expense

[mumshrhedg]

short video but full
knowledgeable content.. thanks sir! more please!

[reggrit]

Coming from someone who helps all kinds of small business with their finances, this is great advice! Thanks for sharing!

[dr.wezisunkutumd]

Simple yet profound lessons. I salute.

[lucifer]

thanks, we should funds our business for unexpected repairs. noted.

[joshuaduca]

this will gonna help me a lot when im done on college and starting on making my own business

[leeaxleraandrada]

By the end of this year 2020 i will start to open my business i don't have much funds To attend Financial management trainings or seminars, this virtual coaching would help me a lot. thanks

[adongfaridah]

Thanks very much. Have been struggling how to manage my retail store

[kharismaalamin]

Thanks a lot man.. now I know what I need to do for my small business

[osondufavour]

separating myself and my business was it for me

[melodynamusonga]

Thank you, am currently struggling to manage the income and the business has dropped. Thanks for the advice.

[ejuwaericklasic]

How do I draft a saving plan n how can I determine how much should b my personal salary

[thesocialtrends]

Sir fibo can you teach us. How to make income statement in sari2 store..?

[wileygeraldo]

I've been doing business but I can't seem to manage the finances they keep going down somehow this will definitely help out

[meltonhadjinor]

Sana may Tagalog version naman neto.. 😅

[chefkyles]

How about my Business Loan? Pero yung inutang ko para sa business ko na yon ay naubos at nalugi na ngayon ibang puhunan na

[zeek]

I’m really subscribed you don’t have more subs

[AkocPeteroffcial]

Tagalog sana para mas maintindihan ng lahat.. pilipino ka naman ata panu maiintindihan ng mga di masyadong marunong mag english.. di lang naman professional ang viewers mo.. opinion lang naman hehehe