Shirley Smith
2 minute read
3 Feb 2020
3:13 pm

5 tips for managing your money like a real businessperson

Shirley Smith

One of the trickiest parts of owning a start-up is learning to manage finances.

Picture: iStock

You have to control cash flow as you (hopefully) edge towards making a profit, stick to a budget, and build an emergency fund for lean times. But it’s also important to ensure your personal finances don’t crumble while you’re making sure your business finances are sound. Here are tips to help you stay on top of your personal finances while your start-up takes off. Keep them separate The most important tip is this: be very strict about keeping your personal finances separate from your business finances. It’s important to treat yourself as an employee who earns a set monthly salary,...