Know your numbers: revenue, cost of delivery, margin, fixed costs, and cash in the bank. Profitable businesses still fail when cash runs out, because timing matters as much as totals.
Part 01
The lesson
Keep business and personal money separate, keep records from day one, and understand your tax and registration obligations locally.
Reflection
Questions to sit with
- 01Do you know exactly what you spent last month, or are you estimating?
- 02If your income stopped today, how long could your household continue?
- 03What are you actually building toward financially, and by when?
Put it into practice
Action points
- 01Track every expense for 30 days and categorise them at the end. Do not change your spending in week one — just observe.
- 02List every debt with its interest rate on a single page and choose a repayment order.