It’s often said that the captain should go down with the ship. What we don’t say too often is that if the captain goes down, the ship is likely to follow.
Taking care of your own financial needs is not an act of selfishness. It’s not a sign of disloyalty to your team. It doesn’t mean that you’re not putting yourself on the line for your business. It means that you’re keeping yourself strong enough to lead your company.
If you can’t afford to pay you, you won’t be able to pay anyone else for long.
Today, we discuss how the “pay yourself last” model is a recipe for disaster. Your own financial (and emotional) health is one of the pillars of your business. Self-preservation, therefore, isn’t self-centered.
Stable, happy leaders are in a position to make better decisions and take smart risks. Entrepreneurs who aren’t sure how to pay the rent…not so much. Hear all about it — Click Play!
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Today’s Sponsors
Clearbanc
Clearbanc is looking for 10,000 e-commerce companies to invest in this calendar year. The key word here is investment – not loans. And the interesting part is that Clearbanc never takes equity or ownership of your company. They’d like to invest in you, so you can invest in your marketing. If you’d like to see your company all over Facebook, Twitter, and Instagram, go to clearbanc.com/podcast now!
HoneyBook
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