Planning for the future

By: Barbra Boeta

March was a horrible month for me personally – my car decided to leave me on the side of the road and I lost two beloved family members. Car repairs, funeral and travel expenses just about pushed me to the edge. It’s times like these I realize the importance of having an emergency saving account.
As small business owners, we rarely take the time to put money aside for a rainy day. Mainly because we’re too busy trying to keep up and when we have a little extra we want to reinvest in our businesses. Investing I. Your business is great but you also have to invest in yourselves.
We all know we need a savings, account, and a retirement account. But knowing we need something and actually doing it are two VERY different things.
Here are a couple of my tips to start a personal savings account.

  1. Set a reasonable goal – setting and accomplishing goals is a great way to feel like you are moving forward instead of just going in circles. Example: I want to save $200 over three months. I need to add $30 to my savings every two weeks to reach my goal.
  2. Where to put your money. When I’m putting money in my emergency savings I try to keep it at a different bank than my personal checking. This way I’m less likely to spend it. I believe in the out of sight out of mind theory.
  3. Follow your schedule – if you plan on putting money in your account make sure you do it. But. If something happens that you can’t one week don’t beat yourself up and give up. Get back on track and continue to save.
  4. Once you accomplish that goal set another one. You don’t have to increase the amount you are saving. If you aren’t ready, just continue to save. Your new goal could be in 3 months I want to have a total of $400 in my savings.

Think of putting money in your savings like paying your rent. It’s not an option. Once you get in the habit of adding money to your savings account you won’t even miss the money your saving. And then when you have that emergency, you will have a little extra to help ease your stress.

Good Luck My Friends!

CHAMBER MEMBERSHIP AND March EVENTS

By: Monica Peña

We are consistently encouraging our alumni to increase their circle of influence by attending professional events in the area. We are proud of the community partnership that we have with the four chambers; including Austin Young ChamberGreater Austin Asian Chamber of Commerce (GAACC)Greater Austin Black Chamber of Commerce (GABC), and Greater Austin Hispanic Chamber of Commerce (GAHCC). When our clients graduate from the Build Your Business PLAN workshop series, they qualify for one year membership to one of these chambers. Each chamber has unique opportunities for business owners.

Here are some of the opportunities the chambers have this month to learn something new or meet other business owners.

March 20th- Coffee Connection Presented by Rudy’s

March 22nd and 23rd- Asian Eats Night Market

March 28th- Small Biz U

MEMBRESIAS DE CAMARAS DE COMERCIO Y EVENTOS DE MARZO

Por: Mónica Peña

Constantemente alentamos a nuestros alumnos a incrementar su círculo de influencias atendiendo a eventos profesionales en el área. Nos sentimos orgullosos de la asociación comunitaria que tenemos con las cuatro cámaras de comercio; incluyendo, Austin Young ChamberGreater Austin Asian Chamber of Commerce (GAACC)Greater Austin Black Chamber of Commerce (GABC), y Greater Austin Hispanic Chamber of Commerce (GAHCC). Cuando nuestros clientes se gradúan de la serie de talleres; Construye tu PLAN de Negocios, ellos califican para una membresía de un año a cualquiera de las cámaras. Cada cámara tiene oportunidades únicas para dueños de negocios.

Aquí están algunas de las oportunidades que las cámaras tienen este mes, para aprender algo nuevo o conocer a otros dueños de negocios.

20 de marzo- Coffee Connection Presented by Rudy’s

22 y 23 de marzo- Asian Eats Night Market

28 de marzo- Small Biz U

Chamber Membership and February events

By: Monica Peña

We are proud of the community partnership that we have with the four chambers; including Austin Young Chamber, Greater Austin Asian Chamber of Commerce (GAACC), Greater Austin Black Chamber of Commerce (GABC), and Greater Austin Hispanic Chamber of Commerce (GAHCC). When our clients graduate from the Build Your Business PLAN workshop series, they qualify for one year membership to one of these chambers. Each chamber has different membership benefits that assist their members increase online visibility and special rates to network/professional development events.

I always encourage our alumni to visit each chamber or visit with chamber staff to see which organization would best fit their business needs. Here are some of the opportunities the chambers have this month to learn something new or meet other business owners.

February 21st- Power Networking Breakfast with GAHCC

February 27th- Leadership Talk with Minoj Saxena who shares his entrepreneur journey with GAACC

February 28th- Meet, Greet, & Give Mixer with the Austin Young Chamber

Be sure to visit each of their web sites for more events and information about the chambers. Please let me know if you are an alumni and have any questions concerning the chambers as we are active with each of them.