Money In > Money Out

Morning All,

As I play around with edits to The Catalyst this new bit at the top is quickly becoming my favorite.

Moving forward, you can expect a brief note from yours truly.

I’m thinking things like announcements, fun facts, random thoughts, business ideas, life updates, maybe just a “hey how are you?”

Just a little something extra outside my regular mini essays :)

Money In > Money Out

Business is a simple equation.

At its core: a balance of cash flows.

Money in should be more than money out. Easy peasy.

Linkedin business writer Jeff Haden touches on this exact point.

“Never forget that your business needs to take in more money than it spends.”

It sounds too simple—DUH of course I need to make more than I use.

I know you’re thinking “come on Caleb, tell me something I don’t know.”

But how many times have you bought an unnecessary tool? Hired too many people? Purchased too much inventory?

Saving money sounds like a no brainer until we look at how much we spend.

Startups are all about bootstrap solutions. You can’t afford the fancy things in the beginning.

But we still will buy them.

So next time you go to splurge on the latest and greatest.

Consider the business equation.

Will it flip the scale?

Or will money in stay greater than money out.

| Source: Advice from entrepreneurs to their younger selves

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