In this episode of Marketing Like a Mother, co-host Michelle Pontvert sits down with Emilie Nutley, a money coach specializing in helping female business owners manage their finances with confidence. Emilie shares her journey from financial struggle to becoming a money coach, highlighting the importance of separating personal and business finances. They discuss practical strategies for paying yourself as a business owner, building a financial buffer, and addressing the money mindset issues that often hold women back. Emilie also offers insights into the pitfalls of traditional financial advice and how to create a money management system that truly works for you.
Key Takeaways:
Separate Finances: Keeping personal and business finances distinct is crucial for clarity and effective money management.
Magic Number: Identify your “magic number” for business finances, which includes your salary and business expenses, and use any overflow to build a financial buffer.
Mindset Matters: Overcoming societal beliefs about money, such as the idea that women’s spending is “frivolous,” is key to financial empowerment.
Buffer Account: Creating a business buffer account acts as insurance for your business, helping you maintain a steady income even in slower months.
Challenge Traditional Advice: Emilie challenges the traditional "profit first" and "emergency fund" models, advocating for a simpler, more trust-based approach to financial management.
Resources Mentioned:
Connect with Emilie:
Instagram: @emilienutley
Threads: Emilie Nutley on Threads
Cashflow Confident: Emilie's group program launching in October, designed to help business owners manage their finances and pay themselves confidently.
If you enjoyed this episode, please consider leaving a rating or sharing it with a friend. Stay tuned for more insights on growing a life-first business, and don’t forget to connect with Emilie to learn more about taking control of your money!
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Learn more about Michelle here and about Olivia here.
Managing Your Money with Confidence as a Business Owner with Emilie Nutley