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I'm talking with “The Rebel of Wall Street”, Priya Malani, whose goal is to change the way young professionals think about money by empowering them to get their financial sh*t together.
Key Takeaways:
- Money management mistakes that business owners are making
- How to balance your personal and business cash needs
- Strategies for making sure there's always enough cash on hand in your business
- How much of a cash reserve you REALLY need to have to be safe
Show Notes
Consider this: the number one reason why businesses go under is because of cash flow issues (with number two being a lack of access to capital.)
While there are a ton of different kinds of risks that can impact your business, financial health is still the most pressing because of the threat they pose to the health of your business if you don’t get it right.
More often than not—no matter your business model—sales don’t show up consistently on the same day, month after month, even though your personal and business bills do.
That’s why understanding how cash flows in and out of your business—and how to manage that money in both your personal life and business—is a crucial skillset to strengthen as an entrepreneur.
This month, I’m talking about risks, resilience, and the relationship between the two. Last week, I chatted with Jacquette Timmons about identifying financial risks and how to build resilience.
Today, I’m continuing the conversation about money and business with Priya Malani, CEO and Founder of Stash Wealth, a financial planning and investment management firm for HENRYs™ [High Earners, Not Rich Yet].
Dubbed “the Rebel of Wall Street”, Priya’s goal is to change the way young professionals think about money by empowering them to get their financial sh*t together.
While there are a ton of different kinds of risks that can impact your business, financial health is still the most pressing because of the threat they pose to the health of your business if you don’t get it right.
More often than not—no matter your business model—sales don’t show up consistently on the same day, month after month, even though your personal and business bills do.
That’s why understanding how cash flows in and out of your business—and how to manage that money in both your personal life and business—is a crucial skillset to strengthen as an entrepreneur.
This month, I’m talking about risks, resilience, and the relationship between the two. Last week, I chatted with Jacquette Timmons about identifying financial risks and how to build resilience.
Today, I’m continuing the conversation about money and business with Priya Malani, CEO and Founder of Stash Wealth, a financial planning and investment management firm for HENRYs™ [High Earners, Not Rich Yet].
Dubbed “the Rebel of Wall Street”, Priya’s goal is to change the way young professionals think about money by empowering them to get their financial sh*t together.
Listen to the full episode to hear:
- Money management mistakes that business owners are making
- How to balance your personal and business cash needs
- Strategies for making sure there's always enough cash on hand in your business
- How much of a cash reserve you REALLY need to have to be safe
Learn more about Priya:
- Stash Wealth
- LinkedIn: Priya Malani
- Instagram: @priyamalaniofficial
Learn more about Susan:
- Scalespark Dollars + Decisions Roundtable
- Twitter @ScaleSpark
- LinkedIn @thesusanboles
Creators & Guests
What is Beyond Margins?
Can you build a business based on… “calm?” On Beyond Margins, host Susan Boles looks beyond the usual metrics of success to help you build a business where calm is the new KPI. With over 15 years of experience as an entrepreneur, CFO, and COO, Susan shares the business strategies that lead to a business with comfortable margins—financial, emotional, energetic, and scheduling margins. Join her and her guests as they counter the prevailing “wisdom” about business growth, productivity, and success to provide a framework for making choices that align with your values and true goals. Episode by episode, you’ll get a look at the team management, operations, financials, product development, and marketing of a calmer business.