THE MONEY FEEDER
A tool to track & organize your business income
Get a customized spreadsheet that calculates how much money you need for owner’s pay, operating expenses, taxes and savings
Managing money in your business is essential to success
Without a system to track and organize your business income, you fall victim to these things:
- Paying yourself too little
- Overspending on things that don’t make you money
- Owing a ton of money in taxes
- Lacking the funds to make business investments/ improvements
- Maxing out your credit cards
- Taking out expensive merchant advances
Money from your business should only go four places
If your money isn’t going to each of these places consistently, you’re headed for trouble:
You
The business owner
Operating Expenses
Essential spending to operate your business
Taxes
no one likes to pay them, but we also want to stay out of jail, so we pay them
Savings
For slow days, for rainy days, for reinvestment and for business expansion
With the Money Feeder, you see exactly how much of your weekly revenues should go to each of these places so you stay focused on your financial targets.
BUY TODAY
I thought to myself, ‘how is it that I’m a business owner making multiple six figures, have employees, and a college degree in Economics…yet I’m the one who can’t get qualified for a home loan!?’ From that moment on, I completely changed the way I handled my money!
There were a ton of things I implemented, but one of the foundational things was what I called “feeding money”. I would feed my money into different accounts as it came from salon clients. This was implemented based on what I had learned in a book called Profit First by Mike Michalwicz. It was a game changer for me, and at the HairCEO, we work with our clients using a similar concept.
But these concepts shouldn’t just be available to business owners who are at the stage of their business where they can work with a business coaching, pay for monthly bookkeeping or have year-round access to CPAs, EAs and tax professionals.
So I created the Money Feeder for those business owners who want to DIY their own business money management. Every year, we come out with a new Feeder, so when you purchase the feeder, you’re always getting the current year feeder to help track and organize your business finances.
GET STARED
“I use this spreadsheet weekly!!”
I honestly love this thing!! This is what I needed because I was misusing my money. I didn’t realize how much money I was actually making until I was able to see it written down. I kept asking myself how much should I save for product replenishment and how much do I need to sit aside for additional savings. This breakdown of how the money should be split was a game changer for me. It has really helped me budget better.”
@touchofglam_bynay
Check out what these users are saying about the Money Feeder
“What I enjoyed most about the Money Feeder is the hit and miss cells. It provided me with a better understanding of what I needed to accomplish the next month. It also forces me to be more diligent on my expenses per week too.
- Johnnett Smith
This Money Feeder is a no brainer purchase if you’re serious about staying IN CONTROL of your money…the Money Feeder is the money organizer every braider needs!”
- Jada
@thebradiersonlynetwork
How It Works
Add your personal monthly expenses to set your monthly business revenue targets
Enter your weekly business income (cash and deposits into your bank account).
Move money to separate bank accounts based on the calculations the tool returns
If you’re spending more than 30% on operating expenses, you’re not paying yourself enough
Long gone are the days of buying every course, tool, product and service. It’s time to focus on running an efficient business where you make decisions based on the numbers. The first of those numbers is how much you should take home.
You should target to take home 50% of your business revenue! Whether you’re on payroll or transfer the money from your business bank account to your personal bank account, taking home 50% of your business income is a sign of a profitable business.
The reason most business owners can’t afford to take home 50% of their business income is that it is eaten up with “business expenses”. Yes, we all have business expenses, but if you’ve been in business more than 3 years, no more than 30% of your business revenues should go to expenses.
The other 20% of your business income should be set aside for taxes and business savings. The Money Feeder makes these allocations for you each and every week. Get your copy now, and finally take back control of your business finances.
