Behind the Numbers of Starting a Business, With Lauryn Williams and Chloé Moore

Worth Listening

Welcome to Round 2 of the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They will take you behind the numbers with real-life examples of financial situations to help you gain confidence and clarity to control your financial destiny.

Are you thinking about quitting your job to start a business? Lauryn and Chloe are sharing behind the numbers of starting a business and what you need to think about before quitting your nine-to-five.

In this episode, Lauryn and Chloé talk about:

• How much money the majority of small business owners are actually making

• The statistics around how many small businesses fail and why

• Types of small businesses most likely to fail

• How to get your financial house in order before starting a business

• Knocking out your debt before quitting your job

• Types of “emergencies” that entrepreneurs may face

• The need to replace your employee benefits like health insurance

• How much extra you need to make to “match” your employee income

• The importance of considering your startup costs and the cost of running your business

• Outsourcing vs doing it yourself

• Business projections and professionals who can help you manage your business finances

If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:

• Instagram: @worthwinning

• Twitter: @worth_winning

• Facebook: @worthwinningfp

• LinkedIn: @lauryn-williams

If you want to connect further with Chloé Moore:

• Instagram: @financialstaples

• Twitter: @finstaples

• Facebook: @finstaples

• LinkedIn: @chloemoore

Shared quote:

“Ideas are easy. Implementation is hard.” –Guy Kawasaki, Alltop Co-Founder and Entrepreneur

RESOURCES MENTIONED:

• Episode 106: "Know Better. Do Better. Series" Are You Ready to Start a Business

Explore attending a Welcome to Wealth financial retreat with Lauryn Williams in 2023.

• Medellin, Colombia July 2023

• Bali, Indonesia August 2023