397: A Practical Approach To Prepare For Unexpected Expenses Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Accountant, Bookkeeper VA Business Owner Or Self-Employed

We’ve all heard how important it is to have an emergency fund for our personal finances. There may be a time when your car needs repairs, or you lose your job, or maybe you have an unexpected expense pop up. When you have an emergency fund set up, you are able to dip into it when you have these emergencies in your personal life, but what about in your business? Is it necessary for your business to have an emergency fund? If you do need an emergency fund in your business, how much money do you need to set aside and where should these funds be saved? These are all legitimate questions and today I am going to dive into some of the best practices for emergency funds in a small business. If you already had an emergency fund set up and funded, but unfortunately this last year left you with close to an empty fund, I am going to talk about ways you can start replenishing that emergency fund again. It doesn’t matter if you are just thinking about starting a new business, or are already a solopreneur, entrepreneur, small business owner, virtual online bookkeeper, or virtual assistant, making sure you have the necessary emergency funds set aside could be what saves you from closing your business if you find yourself running into some difficult times. Listen in as we talk about what an emergency fund should look like for your small business and how it could bring you peace of mind when done correctly… Join us in a community built specifically for accountants and high-stress professionals. You’ll receive support, accountability, and a community that understands what you’re going through. We focus on stress reduction, increasing productivity, time management, goal achievement, health, happiness, and desired lifestyle: Schedule your Complimentary Stress Audit And Clarity Session, where we’ll work together to create a clear and focused plan and overcome the obstacles that stand in your way so that you can move forward and immediately start enjoying your life with less stress, increased productivity, and more time to spend doing what you love with the people you care about: Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: Ready to set up your business? I have a program to help you get your business set up so that you can start making money. Sign up for this program here: Are you ready to try coaching? Schedule an Introductory Coaching Session today. You’ll have the opportunity to see how you like coaching with an Introductory Coaching Session: Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for: If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping: Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: Join Our Facebook Community: The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration: Show Notes: This podcast is sponsored by Financial Adventure, LLC ~ visit for additional information and free resources.

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397: A Practical Approach To Prepare For Unexpected Expenses Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Accountant, Bookkeeper VA Business Owner Or Self-Employed is an episode from Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Payroll, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant, Marketing, Mindset, QuickBooks by Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business.

This episode is 14:24 long.

This episode was published on May 6, 2026.

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