How Your Personal Finances Impact Your Business Success

Managing personal finances as a small business owner can feel confusing and overwhelming to many. However, business owners who can manage their personal finances will be more financially successful in their businesses as well! Many business owners do not know how much money they need to run their household. This can lead to underpricing products/services as well as cash flow challenges. This video is meant to help the small business owner who is confused and frustrated with handling their personal finance situation. Hannah uses Monarch as her personal finance tracking and budgeting system. To get a free extended trial, visit https://www.claracfo.com/monarch Hannah also mentioned some personal finance people you may be interested in checking out: Ramit Sethi: https://www.iwillteachyoutoberich.com/ @ramitsethi Tori Dunlap: https://herfirst100k.com/ @HerFirst100K Vivian Tu: https://www.yourrichbff.com/ @YourRichBFF To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰 Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. CODE:MB014RCLSW23RAR