Take The Leap

#106: Business Emergency Funds – The Money Move Entrepreneurs are Guilty of Avoiding

Victoria Proppe & Ashlan Glazier-Anderson Season 3 Episode 20

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0:00 | 22:53

In this recap episode, Tory and Ashlan debrief their conversation with money coach Julie Stair and pull out the real-world lessons that hit home–especially around emergency savings, money mindset, and avoiding debt while building a business. They also share a few practical “we’ve been there” examples (hello, dead laptop) and talk through how entrepreneurs can reduce money stress without pretending cash flow is always predictable.

Listen if you’re a business owner who knows you should be doing certain money things… and would like to stop feeling personally attacked by your own to-do list. 

Key Takeaways from the Episode: 

  • Emergency savings and a rainy day fund are important for business and your family. Julie’s reminder lands hard: business emergencies happen (laptops die, tech fails, life happens), and a dedicated buffer can keep you from panic-spending.
  • Automation is the cheat code. Ashlan shares a system where a percentage of every invoice payment automatically moves into business savings, so it grows without extra willpower.
  • Take action instead of spiraling. Ashlan calls out the trap of doing nothing when finances feel shaky and reframes it as: make a plan, take a calculated step, adjust as you go.
  • Multiple income streams can reduce stress during transitions. They validate Julie’s advice that side gigs (or a bridge plan) can help entrepreneurs build stability, especially when startup costs are low for service-based businesses.
  • Not all businesses have the same financial runway needs. They highlight how service-based, online businesses often have lower overhead than brick-and-mortar ventures, which changes what “safe to start” looks like.

If you’d like to listen to Julie’s episode, you can find it at the links below: 

  • Apple Podcasts: https://podcasts.apple.com/us/podcast/your-money-mindset-is-an-important-business-strategy/id1735641469?i=1000745906449
  • Spotify: https://open.spotify.com/episode/4vqz4lxWtDv5AywIAXgNP6?si=DYr2S8PJSr-hTfsdi015xg
  • YouTube: https://youtu.be/enhcireRdfw?si=ZWBUlkGF5jbsHE0j

Host information:

  • Co-Host, Ashlan Glazier-Anderson, Owner of AshbeanPDX Marketing
  • Co-Host, Victoria (Tory) Proppe, Owner of Imagine Marketing Strategies

Connect:

The Course: 

The Take the Leap course contains everything you need to know to successfully launch your business now. Sign up today to join the course and get support from Ashlan & Tory who will guide you through your journey as a new entrepreneur.

Sign up here: https://www.taketheleap-today.com/the-course 

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