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Indie Bites
Building a financial engine for your indie business - Justin Jackson
Nov 1, 2023
Justin Jackson, co-founder of Transistor, MegaMaker and more, joins the show to discuss building a financial engine for indie businesses. They cover managing finances, building profitability, challenges faced when things don't go well, and practical tips for success.
15:48
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Quick takeaways
- Building a financial engine early on is crucial for indie businesses to avoid struggles and ensure long-term stability.
- Creating a reliable source of consistent income is essential for reducing financial stress and providing breathing room for indie business owners.
Deep dives
Building a Solid Financial Engine for Your Business
In this podcast episode, the importance of building a financial engine for your business is discussed. The hosts emphasize that many indie businesses fail to address this aspect early and seriously enough, leading to struggles. They provide actionable tips on managing finances, including implementing the concept of profit first, where a percentage of income is put into separate accounts for taxes and personal profits. The conversation highlights the need for consistent income and the challenges faced when dealing with fluctuating earnings and financial instability in an indie business. Ultimately, building a strong financial engine is crucial for long-term success and stability.
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Discover
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