Rainy Day Fund

Do you have a savings account for your business?

Of course, we've all been told to save for a rainy day.  This is great advice for your personal finances, and one that I hope most Americans are learning to follow.

May I encourage you to also have a savings account for your small business, too.  Each week, I make a regular transfer from my business checking to a small business money market account through my bank.  It is not money that I am saving for taxes, or upcoming expenses, or anything in particular.  It is a small amount that is being consistently set aside.

This fund gives me such peace of mind.  No matter what your business, making saving (even a small amount) a regular weekly occurrence!