I left my corporate job more than seven years ago, despite being very risk averse, especially with money. Since then, I’ve become a debt-free millionaire. And as a financial coach I’ve guided many new entrepreneurs into leaving their day jobs and starting their own businesses, by first helping them employ these important money management skills.
Consistently Complete A Monthly Budget For A Year
According to the U.S. Chamber of Commerce, 18% of small businesses fail within their first year and half of them fail within five years. During the Covid-19 pandemic, I coached many entrepreneurs who were ready to quit their businesses because of the economic conditions, but also because they did not have a clear grasp of their personal finances.
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