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Mastering your business cash
The importance of keeping business separate from personal expenditure and maintaining the disciple of not seeing your business as a pot of cash to dive into for personal expenses.
Keeping as much cash in your business and taking only what you need to live on to make a) the business more bankable in the future; b) building a war chest so your business has the means to survive a shock; and c) having the resources to capitalise on opportunities that would otherwise slip by because you didn’t have the cash.
How to organise yourself and your cash: forming separate bank accounts, develop and stick to processes to they become habits, document your processes so you can delegate in the future.