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  • 5 Mistakes

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    dalitsombewe619
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    This document discusses 5 common mistakes people make with business finances and the 4 stages of building wealth. The 5 mistakes are: 1) mixing personal and business finances, 2) not tracking expenses and revenue, 3) not saving or investing for the business, 4) treating the business as a hobby, and 5) forgetting to stay compliant. The 4 stages of building wealth are accumulation, growth, independence, and abundance. The document encourages keeping personal and business finances separate and paying yourself a salary from business profits to avoid mixing funds.

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    This document discusses 5 common mistakes people make with business finances and the 4 stages of building wealth. The 5 mistakes are: 1) mixing personal and business finances, 2) not tracking expenses and revenue, 3) not saving or investing for the business, 4) treating the business as a hobby, and 5) forgetting to stay compliant. The 4 stages of building wealth are accumulation, growth, independence, and abundance. The document encourages keeping personal and business finances separate and paying yourself a salary from business profits to avoid mixing funds.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    8 views11 pages

    5 Mistakes

    Uploaded by

    dalitsombewe619
    This document discusses 5 common mistakes people make with business finances and the 4 stages of building wealth. The 5 mistakes are: 1) mixing personal and business finances, 2) not tracking expenses and revenue, 3) not saving or investing for the business, 4) treating the business as a hobby, and 5) forgetting to stay compliant. The 4 stages of building wealth are accumulation, growth, independence, and abundance. The document encourages keeping personal and business finances separate and paying yourself a salary from business profits to avoid mixing funds.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    5 MISTAKES WE

    MAKE WITH
    BUSINESS
    FINANCES
    PLUS
    THE 4 STAGES OF BUILDING WEALTH
    Jayne (Jane) Mazimba

    10 years Banking Experience


    Training Manager for Wealth Consultants

    2021 TEDx Speaker


    Multi Awards winning Financial Literacy Educator
    Double Awards in 2021 and 2020 Financial literacy Awards

    FOCUS 2022
    Coach Entrepreneurs and Groups to Build Wealth

    Jayne@janemazimba.com

    www.janemazimba.com

    Jayne Mazimba on all social media platforms


    WHY PERSONAL AND BUSINESS
    FINANCES?
    Finance and Money is Cross-cutting

    Your Income is your single largest Wealth Building tool.

    We are trying to get to FIRE or at least FI

    4 Stages to Building wealth


    ACCUMULATION GROWTH INDEPENDENCE ABUNDANCE
    5 Mistakes we make with
    our Business Finances
    Single most common Actively and Do not accumulate or
    mistake I see. People intentionally separate acquire personal debt
    co-mingle finances your finances to service your business

    Mixing
    Personal and
    Pay yourself an
    allowance or salary
    Keep record of personal
    otherwise in a good
    investments and
    month you will use DO NOT USE PROFITS

    Business
    withdrawals to settle in
    more money and in a
    the financial year.
    bad month you won’t
    have an income.

    Finances
    Mixing finances also
    ensures that you have
    no growth framework.
    Not Tracking Expenses and
    Revenue
    Not Saving or Investing for our
    business
    The Business is a HOBBY
    Forgetting to Stay Compliant
    Let's Discuss

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