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79: How to Save $100K From Your Business

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Imagine having $100,000 in cash saved up to go towards your retirement, protect your business in a downturn, or invest in real estate. How much anxiety would that take off your shoulders about your future? In this episode, I’m sharing four steps to generate $100K in savings from your business to make that stress-free financial future your reality.

Apply for the Millionaire CEO Incubator by September 10th for the Fall 2023 cohort!

Episodes mentioned:

In this episode, you’ll learn:

  • 0:00 What it means to save $100K - and why that specific number is important

  • 9:46 Why you should apply for the Millionaire CEO Incubator

  • 14:29 Leveraging the extra cash you have in your business right now

  • 18:49 Figuring out how much you need to save in your business

  • 24:41 Do you need to make more money in order to save?

  • 30:36 Where to put your savings to maximize them

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I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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