Sep 17 2024 7 mins 3
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This episode talks about the importance of maintaining cash reserves for solo consultants. Erica discusses the reasons for having a cash reserve, such as covering unexpected expenses or taking advantage of sudden opportunities.
(00:00) Introduction to the Podcast
(00:51) Today's Topic: Cash Reserves
(01:05) Why Keep Cash Reserves?
(01:24) Examples of Cash Reserve Needs
(03:45) How Much to Keep in Reserve
(05:10) Where to Keep Your Cash Reserves
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Related Episodes:
3. Business Money 101: Overview
4. Business Money 101: LLCs & EINs
5. Business Money 101: Business Insurance
6. Business Money 101: Bank accounts
7. Business Money 101: Bookkeeping
44. Business Money 201: Intro
45. Business Money 201: Paying the IRS
46. Business Money 201: Paying Yourself
47. Business Money 201: Charitable Giving
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