There are a lot of things that can lead to a business’s downfall. Failing to market products and services effectively is a major factor. Jumping into an over-saturated market can be another issue.
However, many businesses go under because their owners don’t know how to manage their finances. They don’t know how to manage cash flow, prioritize spending or project future income.
First, let’s talk about what a coach is and does. Many people confuse financial coaches with financial advisors. However, the two practices are fundamentally different.
It Can Save You Money
It’s hard to wrap your head around paying for services to save money. However, financial coaches bring a lot of experience, knowledge, and skills to the table.