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Podcast: And She Spoke
Episode: Building Runway in Your Business
Description: In the business world, “runway” is the amount of money or cash in hand that you have to cover future expenses. In this episode, we delve into this concept, why it’s absurd in a business that’s already generating an income, and why online businesses still need a buffer even though their overheads are low. You’ll hear about how not having a buffer can negatively impact your decisions as a business owner, the importance of reinvesting in your business versus paying yourself out, and why you can’t expect to be profitable from day one. We also discus...