Why Every Business Needs A Profit First Emergency Fund

Ever had to stop roasting coffee to fix the air conditioner, toilet, or freezer? As a small business owner, unexpected repairs can throw a wrench in your day and your cash flow. But with the Profit First system, you can set up an emergency fund to cover those surprise expenses without touching your payroll or operating costs.
In this video, I’ll walk you through:
✔️ How to allocate 1% (or even 0.5%) of your income into an emergency fund.
✔️ Why it’s essential to separate emergency cash from your operating expenses.
✔️ Real-life examples of how emergency funds can save your business from sleepless nights, like when a fire hit one of our locations during the holidays.
By reviewing your financials and planning ahead, you can tackle emergencies with confidence and keep your coffee house, brewery, or seasonal business running smoothly-even when the unexpected happens.
Got questions about setting up an emergency fund? Reach out to me, Kim Logsdon, at Caffeinate Your Cashflow or visit my website at kimlogsdon.com. Keep brewing up your business!