This episode, Gina Knox explains how to manage a variable income, decide the amount of salary you should be taking, and ways to increase the financial options your business has.

Gina Knox is a financial and wealth coach for entrepreneurs with variable income who teaches them how to build their business savings.

In this episode, Gina explains the issues with a budgeting based approach, the different banking strategies that can increase your capital, and how much you should pay yourself from your grant writing business.

She also talks about how to approach debt in your business, what you need to cover in a sales call with a potential client, and the mindset shift when moving from being an employee to a business owner.

What you’ll learn in this episode:

• How to manage a variable income.
• The issues with a budgeting based approach.
• Different banking strategies that can increase your capital.
• How much money to keep in your business chequing account.
• The amount of your revenue you should save towards your taxes.
• How much you should pay yourself from your grant writing business.
• How to approach debt in your business.
• What you need to cover in a sales call with a potential client.
• The mindset shift when moving from being an employee to a business owner.
• Ways to increase the financial options your business has.

About Gina Knox

Gina Knox is a financial coach for entrepreneurs with variable income. She teaches entrepreneurs how to build their business savings and create a 7 figure wealth portfolio. Over her career as a coach, Gina has helped her clients save over 6.3 million dollars in less than 3 years.

Connect with Gina:

• Website
• LinkedIn
• Instagram

Quotables:

• “During high cash months I don’t go crazy spending all my extra money. I just put it into working capital by following my bank buffer role, during the low cash months I take it and that’s it.”
• “You are fundamentally worthy of compensation, your business doesn’t exist without you. You are the most important person and you deserve the highest compensation.”
• “The more financial pressure you add to your business the worse you perform.”

Resources mentioned in this episode:

• 6 Figure Saver Group Program with Gina Knox
• Save 6 Figures with Gina Knox Podcast
• Growing your Nonprofit Consultancy Practice
• Treat Your 9-5 as Your Anchor Client as a Freelance Grant Writer
• Why you struggle with pricing as a freelance grant writer with Rachel Waterman
• Grant Easy Management Software

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