DON'T LET POOR FINANCIAL MANAGEMENT DERAIL YOUR BUSINESS

In this interview, Paul Halme shares some great tips on managing your business finances and staying out of trouble. This is essential information for any business owner!

About Our Guest

Paul Halme is a best-selling author, international speaker, financial advisor, and Brazilian Jiu-Jitsu world champion. To entrepreneurs, he is the secret weapon they don’t want their competitors to know about. He is a former stockbroker and built his business into one of the most successful gyms in the US. He creates high 6-figure offline businesses for his clients.

Connect With Paul Halme

Website: https://www.paulhalme.com

Instagram: https://www.instagram.com/paul.halme

Facebook: https://www.facebook.com/paul.halme

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 Key Takeaways

• Paul Halme, an expert in helping business owners and entrepreneurs tackle their finances to become better entrepreneurs, discussed why it is important for them to pay attention to their business finance.
• He recommends getting a bookkeeper so that the entrepreneur can look at profit and loss statements and make sure they are profitable.
• Additionally, Paul recommended setting up automations that move money around to build savings without affecting the business and starting off with a checking account and savings account as well as daily transfers of small amounts like $1 or $2 per day.
• He encourages having multiple bank accounts and personal investments such as retirement accounts or health savings accounts so an entrepreneur can build velocity with their money machine.
• Finally, he discussed embracing sales by changing one’s mindset from seeing it as sleazy into problem-solving, which makes selling more enjoyable.

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