Money Minded #34 Kate Toon: How to manage the money side of business (and build generational wealth)
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One of the biggest reasons people don't bet on themselves and build a business is because of not knowing how to manage the finances of a business. There's a whole new set of rules, and complexities that come with running your own shop - and it's all on you. Kate Toon knows this all too well. And she also knows how to overcome it. Kate is one of Australia's most successful, well known online business owners. And in this episode, she comes on the show to share her journey from scared small business operator to savvy business owner.
Also in this episode:
- Why Kate went into business for herself at 5 months pregnant - and how it played out.
- How she managed to crawl out from under a 50k tax bill in 12 months (and why it happened)
- The big decision that led to a gigantic spike in income two and eventually pushed her beyond the million-dollar mark
- The simple question she used to reframe her resistance to learning about money in her business.
Show notes
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