How to Create Money Safety with a Spreadsheet (With Guest Interviewer Steph Crowder)

The Get Paid Podcast: The Stark Reality of Entrepreneurship and Being Your Own Boss

Do you know if your business can afford your next investment or are you hoping it all works itself out?

Today, Steph Crowder and I break down how to create a financial safety net in your business using nothing more than a spreadsheet. This is how you can relax a bit more and know you’re making pretty smart, grounded investment decisions. (No buyer’s remorse afterwards!)

This is how Steph went from “there’s no way I can afford that!” to realize she was more than fine (even in a worst-case scenario).

This Week on the Get Paid Podcast:

• The exact spreadsheet Steph used to project revenue and expenses (without overcomplicating it)

• How she realized she was running a $450K/year business…with almost no profit

• What happened when we cut her projected launch revenue in half and she was still OK

• Why projecting income + expenses is more regulating than just having 6 months of savings

• What to include in your projections (especially if you still have a job or multiple revenue streams)

• The mindset shifts from “can I afford this?” to “what needs to be true to make this work?”

Mentioned in this podcast:

• Gusto (payroll software)

Now it’s time to GET PAID

Thanks for tuning into the Get Paid Podcast! If you enjoyed today’s episode, head over to Apple Podcasts to subscribe, rate, and leave your honest review. Connect with me on Facebook, YouTube, and Instagram, visit my website for even more detailed strategies, and be sure to share your favorite episodes on social media.

Now, it’s time to go get yourself paid