Heyo! Welcome to the $100 MBA Show practical business strategies you can count on.

I'm your host, your coach, your teacher, Omar Zen Home, and in today's episode you will

learn why every business needs a savings account.

In today's episode I'm going to give you a strategy that you're going to implement in a couple of

hours, maybe less, and it will significantly improve your business's finances and how you deal with

your money and cash flow in your business. If you're not a finance person you're

not a numbers person don't worry this is actually pretty simple and it's one of those things that once you do it it's kind of done. You don't have to do it again. You don't have to think about it again. And I'll be honest, I started building businesses about 20 years ago, and I started doing this really late in the game.

Took me nearly a decade to realize how the small move of creating a savings account for my business can make a huge difference.

I'm going to give you all the reasons why you should do this, but any one of these is a good enough

reason, especially the first one when it comes to security and keeping

your money safe. Let's get into it. Let's get down to business.

Before I begin, I want to make this clear, this is not financial advice. I'm not a not financial advice I'm not a financial

advisor I'm not a CPA I'm not an accountant you need to speak to a financial

expert I'm just speaking about my experience what I learned from that experience, and sharing that with you.

Today I'm going to share with you all the reasons why you should have a savings account for your business,

how to utilize the savings account for your benefit and help the health

and growth of your business, but also how best to open a savings account in your business.

Most of us, when we start our business we open up a current account or a checking

account. It's one of the first things we do so that we can accept payments and get paid, get revenue

as an established business.

This is a huge step because you're starting the psychology

of understanding you are not your business.

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