Dusey Van Dusen: So Scott, do you have any thoughts around that, on like, figuring out what that number is, where you might point people to get started on that? Scott Stagg: Yeah, that makes sense. Chris Hogan: And what you don't want to do is allow your lifestyle to really get in the way of that, where you're not experiencing the surplus or the opportunity.
Chris Hogan: You could be looking at a day lag. Chris Hogan: If it's seasonal and it's gonna be big in the fall, then I think renting, you could cost justify that. You better believe it is. The majority of small-business owners devote anywhere from 21 to hours a year to keeping up the books and taxes!
The last thing you want to happen is to go into debt for this business. But then next is you start to get into the financial side, of understanding, okay, what is it gonna take for us to keep the doors open?
Ramsey had some excellent points. Think about the brand you want to build. That's not a good thing for your financial future. Ramsey: The smartest decision you can make is to find a competent, trustworthy professional to handle these things for you.
This method can be useful for businesses with lengthy business cycles.