In this episode, I discuss the importance of having a financial safety net, commonly known as a "war chest," for both personal and business expenses. I'll be sharing my own experience of building a war chest when I started my fitness business and emphasizing the need for responsible mentorship in this process. I'll outline the steps to take, including getting clear on personal and business expenses, stress testing these numbers, and aiming for a margin of 45-55%. I conclude by emphasising the significance of having a war chest regardless of the type of business.