EP 376 | 1% Matters with Danielle Hendon

May 14, 2024

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Could you take 1% of any revenue you earn and tuck it away, out of sight, safe in a savings plan? Yes, you can. Although 1% doesn’t sound like a lot, it might surprise you to see how fast your 1% asset will accumulate. Saving is a muscle, like any other. Taking 1% off the top may push you to get more creative with purchasing and expenses. Try it.

In this episode we learn:

  • take 1% of all revenue and put it in a separate account
  • train your brain to work without that 1%
  • get in the habit of saving
  • once 1% feels easy, push the boundaries, and save 2%
  • if you continue to put your needs last, not saving for a rainy day, you’ll eventually burn out
  • three profit levers you can pull in your business

 

DESIGN INTERVENTION

It’s never failure until you give up.

 

WATCH ON YOUTUBE

 

About Danielle Hendon

Danielle Hendon is the founder and owner of 4 Corners CFO, a firm offering financial advisory services to small business owners on a scale that fits their company and budget. Coupling her decade of experience in corporate finance and accounting with her passion for people, Danielle brings the benefit of “big business” financial analysis to entrepreneurs. Now, instead of helping corporations increase share price, Danielle gets to help business owners increase their personal livelihoods so they can leave a legacy and lasting impact on their community.

www.4cornerscfo.com

LinkedIn | www.linkedin.com/in/danielle-hendon

Facebook | www.facebook.com/4CornersCFO

Instagram | www.instagram.com/4cornerscfo

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Legal Disclosure | This podcast is for educational purposes only and should not be used for any legal decisions. Kimberley Seldon Design Group, Kimberley Seldon Productions Inc., Kimberley Seldon Design and Media, Inc., Business of Design™, or any of its affiliated companies or staff is not responsible for any errors or omissions effecting accuracy in any content, and they will not be held liable for the use or misuse of information, facts, details or any other aspects should there arise any defects, errors, omissions or perhaps inaccuracies. Extensive research has been conducted to put this podcast together for the purpose of educating our industry in order to better serve the public. Care has been taken to acknowledge ownership of copyrighted material. The advice and strategies contained herein may not be suitable for every situation. This work is offered with the understanding that we do not render any legal, accounting or other professional advice. Seek the advice of a lawyer and/or other competent professional person in all matters of law. Further, listeners should be aware that internet websites mentioned may change or disappear between when this was recorded and when it was listened to.

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