Become Your Own Personal CFO

Budgets and personal finances are not most people’s favorite topics. Even bank executives have problems in this area, but if you’re an entrepreneur so do you.  You’re concentrating so much time on your business, your personal checkbook takes a back seat.  Then one day you are met with the startling fact that you’re not saving enough for lean times and you panic.

Well, just apply your professional talents to the situation and become your own personal CFO.  By using your CFO eyes on the situation, it somehow tempers the pain of dealing with your own money.

To get started, here are 5 rules for treating your personal finances like a business:

1. Be Your Own Board of Directors.
2. Know Your Operating Costs.
3. Know Your Net Worth
4. Forecast Money Decisions Results.
5. Track Progress by Annual Reports.

You need to treat your money like you treat your business.  Give it the time it deserves, because in the end the time you spend is really an investment in yourself and your dreams.

At Mount Beacon Consulting we can help you get the working capital you need in as little as 3 business days or less. Contact us today, our Service focused funding specialists are ready to help support your business loan and funding needs.