88: How we set up our businesses and finances before starting a family
Join us this week on the show for an intimate and personal conversation where Loz and Chan share what they personally did in preparation for their businesses and finances before they started a family. They share the conversations they had with their partners and what they put in place to help them transition into motherhood whilst also running a business… and the conversations they wish they had with their partners before their babies arrived.
DISCLAIMER: This is not an episode telling you what you should do as everyone’s circumstances are different but this might give you some insight or questions to reflect on personally, or conversations to have with your partner. This episode is specifically recorded for women who currently run (or have their sights on running) an established company or business turning over multiple six figures and want to design your business in a way so your income / business doesn’t rely on you or the hours you personally put in as you transition into motherhood.
PODCAST NOTES:
Here are some questions the girls mention in the episode to get clear on what you may like your transition into motherhood to look like so can make a action plan for your business working backwards:
What do you envision this season of life to look like for you? As it’s different for everyone - if you could design in…what would it look like for you?
Will your income remain same when have baby? Will your work / business affected?
What are your current outgoings? Personally and for your business?
Do you a safety net already saved to pay for mortgage and bills and self care etc? Do you want to?
What do you want your business / family life to look like when you’re in that season?
For how long? When are you willing to get back into work? What will ‘returning to work’ look like for you?
What does your business need to look like for that to be possible? (EG in Network marketing how many independent leaders do you have? )
What do you need to outsource, automate or delegate?