How to Manage your Money as a NEW Entrepreneur (Don't go BROKE!)

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  • Опубліковано 16 лис 2024

КОМЕНТАРІ • 192

  • @lighthouselithium
    @lighthouselithium 5 років тому +8

    "just because you have money doesnt mean you should spend it " lmao ....my LIFE ; going to hear your voice EVERYTIME i go to buy something i dont need

  • @NatalieKeeton
    @NatalieKeeton 5 років тому +20

    Thanks for the transparency! Money management is the TOUGHEST part of your first couple of years in business. All of this advice is totally accurate.

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      I know I'm so glad that she is able to walk through each of the cost-effective steps!

  • @Tatiana-nb4qf
    @Tatiana-nb4qf 5 років тому +3

    By far the BEST advice about how to quit your full time to start a business. I hated how everyone else had the same advice which was to either “work on your biz until it makes as much as your full time” or “save up 6 months and quit” because both are equally stressful. But your approach makes more sense. Just knowing that we can quit our ft job to get a simple part time job makes it seem less scary to start a business. Thanks so much Vanessa! ♥️

  • @influencerunchained-digita4763
    @influencerunchained-digita4763 5 років тому +23

    Vanessa is our godsend mentor who delivers insane value for FREE 🙏
    I'm totally on board with viewing costs and income in terms of percentages, since they represent relative value while straight up numbers are somewhat...arbitrary (i.e. "$100/day" is just a "neat-looking" number)
    Btw you've just convinced me to go back to Elementor.
    Anyway, thanks for another super helpful video!

  • @VoyagersRevenge
    @VoyagersRevenge 5 років тому +5

    Definitely tuning in! Not sure if I've ever made it to a premiere of yours! Busy busy.. But I always find time to venture back to my digital library haha! Need to absorb this knowledge. Avoid going broke!

  • @whitneydb6
    @whitneydb6 5 років тому +6

    I could listen to you alllllllllll day and not get bored 😫. You’re beautiful, educated, well spoken, full of advice and you seems so humble and helpful and willing to help any creed and race ❣️❣️. Learnt so much from this video boo 👌🏿

    • @whitneydb6
      @whitneydb6 5 років тому +1

      Vanessa Lau you aswell luv and you’re welcome ❣️❣️

  • @chillvibes1748
    @chillvibes1748 5 років тому +17

    Money management for new entrepreneurs could be hard and i appreciate that you are making videos for people who want to be entrepreneurs. They would take your advice on how to manage and be consistent as a new entrepreneurs. Depends on how much time they would invest. Do not give up, however take it easily as you wouldn't want to go Broke. I would be looking forward for theses tips. Spread Positivity.

  • @MichaelBordenaro
    @MichaelBordenaro 5 років тому

    By far saving time is the best tip! I have been in business for myself for over 10 years. Time is the one thing you can never get back. Can always make more money, learn a new skill etc, but can never get back the time...

    • @MichaelBordenaro
      @MichaelBordenaro 5 років тому

      That’s right Vanessa, time is all we got 👌

  • @LeydiMorales
    @LeydiMorales 5 років тому +2

    Omg that’s me who asked the question @The_Leydi!! Thanks Vanessa for answering my question! I just started the video but I know I’m gonna love it and apply it to my life as I venture out on my UA-cam career !!!!

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      How exciting! Keep up the great hustle! I love that I quit my full time job and now am pursuing my passion as well!

  • @EmpoweredCrystals
    @EmpoweredCrystals 5 років тому +1

    Great advice. I worked full time and invested back almost everything for the first year until I was established enough to leave my job.

  • @Chantellemarketing
    @Chantellemarketing 5 років тому +1

    Money management is so important I'm glad you did this video!!! It can be a struggle to get your head around the numbers especially if your a creative

  • @samuelmulike2265
    @samuelmulike2265 3 роки тому +1

    Vanessa you are doing amazing with your Channel , keep doing your thing

  • @adabillions
    @adabillions 5 років тому +19

    I always wonder why people dislike Vanessa's videos that's so stupid😪..Great video..thanks for your tips kin how to manage our funds Vanessa...I gat the investment so well

    • @adabillions
      @adabillions 5 років тому

      @@VanessaLau you're welcome Vanessa

    • @denissemitchell9891
      @denissemitchell9891 5 років тому +1

      They’re just haters honestly cause this girl knows her stuff and provides great content.

    • @adabillions
      @adabillions 5 років тому

      @@denissemitchell9891 yes she does know her stuff

  • @AngieNFilms
    @AngieNFilms 5 років тому +3

    LOVE LOVE LOVE the quality and all your tips of course :)

  • @ztcanadacareersite
    @ztcanadacareersite 5 років тому +4

    You always are a good presenter and you are so inspiring Vanessa! Please keep it up. Sincerely I'm your biggest fan

  • @JacobMichael
    @JacobMichael 5 років тому +7

    Thanks for doing whatchu do! :D You rock honestly! :D

  • @marketingwithnaila4734
    @marketingwithnaila4734 5 років тому +4

    Great video once again! I recently got my old part time job back after quitting to be a stay at home mom. You can't grow a business without cash flow 💯

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому +1

      Great point! I paid off all my student loans and then used additional money to save towards investing in my business. I'm so glad I have financial freedom now! So exciting that you are choosing yourself and your family by taking this chance.

  • @TheDailyChat
    @TheDailyChat 5 років тому +1

    so much free tools and knowledge its overwhelming! mind blowing ! wow so thankful!

  • @HazelnutCrushASMR
    @HazelnutCrushASMR 5 років тому +5

    You’re such a charismatic person and your videos are gold. I’m trying to become less dependent on UA-cam and your business advice from is just the best 🙂 Thank you! I’ve been binge watching since yesterday ♥️

  • @TristanChiappetta
    @TristanChiappetta 5 років тому +1

    Vanessa you blow my mind again. Love these tips. A new lesson for me every Sunday and Wednesday. Thank You! 💖💫

  • @KaiVertigoh
    @KaiVertigoh 2 роки тому

    Thank you so much for these videos Vanessa, it feels like I have a friend in my corner in times when it doesn’t always feel Like I have someone to talk with or learn from. The effort you put into UA-cam videos are well worth their weight in gold!

  • @denissemitchell9891
    @denissemitchell9891 5 років тому +1

    Yes more finance in business please! Love you so much for this inspo.

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      @@VanessaLau Absolutely agree with you!

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      It's golden! I love Vanessa's channel. She's #goals. I actually have some personal finance and business videos on my channel if you want to check it out! :)

  • @Cubuntu
    @Cubuntu 2 роки тому

    I just walked off a fulltime assistant manager job to take another job that pays slightly more with absolutely no responsibility anymore still fulltime, but gives me plenty of time to work on starting up my business while I work fulltime to pay bills still with that peace of mind.

  • @BemPoliglota
    @BemPoliglota 5 років тому +1

    I think I'm on the right track! I got a part-time job and I'm working on building my own business but I can't wait to work online full-time so I can travel more!

    • @BemPoliglota
      @BemPoliglota 5 років тому

      @@VanessaLau your channel has been helping me a lot! Thank you!

  • @jackiek4159
    @jackiek4159 5 років тому +2

    All of these tips are dead set accurate! 👌 Thank you for this video! Loving all of your money videos! 🙌❤️

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      These tips are golden! As a financial coach and business mentor I feel like the accounting stuff often escapes people so I'm glad this is being covered.

  • @intheworldofmari
    @intheworldofmari 5 років тому +1

    You got a new lens! I love the look😊 great video once again ❤️

  • @akif4201
    @akif4201 3 роки тому +1

    I love your channel!!!

  • @SandySaintilus
    @SandySaintilus 5 років тому

    Umm...is it just me or does this boyfriend sound like a keeper! Be a boss, date a boss, build an empire! Love your videos girl keep it up♥️

  • @xochitlcamacho9586
    @xochitlcamacho9586 5 років тому

    New equipment looking good!!!!! 👍👍👍

  • @thefearlessfemalepod
    @thefearlessfemalepod 5 років тому

    I could watch your tips all day, I definitely need to invest in some coaching or a course. Just want to make sure it’s 100% right for me. Thanks for sharing everything as always 👏

  • @AndiieTee
    @AndiieTee 5 років тому +25

    Does anyone ever wonder if someone from these comments will be the next Emma chamberlain, Gary Vee, etc...?

    • @adabillions
      @adabillions 5 років тому +1

      We will

    • @dorisjohn1779
      @dorisjohn1779 5 років тому +1

      Andiie Tee that would be me.....watch the space

    • @taisenscoolstuff732
      @taisenscoolstuff732 5 років тому +1

      Hopefully all of us!

    • @alainfaber
      @alainfaber 5 років тому +1

      It is my dream. I started 4 months ago and growing. Good work on your channel.

    • @bvhimanshu
      @bvhimanshu 5 років тому +2

      How did you added comment before video got aired 😱😳

  • @digitalmarketpreneur6712
    @digitalmarketpreneur6712 5 років тому

    If you want to quit your job, you have to go all in but be smart about. This are great tips thanks Vanessa, is why i’m working on my business as i still work my full time job. And my job does not required me to take work home.

  • @AlexMercersRevenge
    @AlexMercersRevenge Рік тому

    Honestly I would recommend starting a business super part time while working a full time job.

  • @athenaashleybates4363
    @athenaashleybates4363 5 років тому

    Yessss! I see that video quality🙏🏾🙌🏾

  • @stellaelise1
    @stellaelise1 3 роки тому

    Thank you for NOT making the exact same video as everyone else. I watched three videos before this (not using entrepreneur) and they were exactly the same word for word. I have a part time job on the weekend but I'm still struggling but I am sure it's because I am not being smart with the income I do make. I will be signing up for BGA this year for sure!

  • @kirklugg82
    @kirklugg82 2 роки тому

    That was a excellent video Vanessa, you really know what you are talking about, your knowledge and experience speaks volumes, thanks for that amazing video.

  • @yvonnebennett4489
    @yvonnebennett4489 2 роки тому

    Great practical information. Thank you Vanessa! 💜

  • @TheCourseConsultant
    @TheCourseConsultant 5 років тому

    Wow! Can I just say you are so awesome! I've been following your channel for awhile and I've told everyone about your channel. I'm actually a finance coach and business mentor. I recently started doing my business full time and it is so easy to get shiny object syndrome! But I think it was a great question you asked,"Will this make me money?" This is so true and being reflective about purchases can also help. Like, what was the ROI on this in terms of sales generated or networking built? I love it!

  • @billyfradys
    @billyfradys 5 років тому +2

    Hi Vanessa,
    Happy Sunday!
    Which link is the correct link to purchase the microphone that you're using to record your UA-cam videos?
    I'm also wondering if it is wireless and/or bluetooth... 🤔

  • @siphosongelwa6124
    @siphosongelwa6124 2 роки тому

    1 of the best videos I have seen on the topic of entrepreneurship. 👌🙌💯

  • @Ninapopwilliamschannel
    @Ninapopwilliamschannel 5 років тому

    I definitely agree about getting a little job because i quit my job with no plan b and did side hustles like uber eats, flex etc. and it is that constant worry plus business building. Then in between me starting to see results i quit business cold turkey! Now getting back at it. I’m also learned a few skills along the way that i can now charge for. I would say my biggest take away from this is the percentage one I’ll make $100 and then spend $60 on one thing and that is just not worth it when you think about it like that.

  • @dorisjohn1779
    @dorisjohn1779 5 років тому +1

    So good to be on your live stream Vanessa👍🏻

  • @jacqmadz3083
    @jacqmadz3083 5 років тому

    aww, love the equipment upgrade vanessa! 😍👏🏻 excited for the new set-up though I’ll definitely miss this background ...agree on all these points!

  • @meaghanlm7953
    @meaghanlm7953 2 роки тому

    I can totally relate to this . Watching my bank account drain caused me to operate in fear . I ended up getting a part time job 😊

  • @letsartwithdimka4110
    @letsartwithdimka4110 5 років тому

    Thank you Vanessa! Can't wait for the next one! Greets!

  • @teklarudwin3380
    @teklarudwin3380 5 років тому

    God I am on your waiting list for your next class. You give so much knowledge.

  • @daneevawent-king8487
    @daneevawent-king8487 Рік тому

    Thank you so much.. that first tip was great❤

  • @gabriellandaeta
    @gabriellandaeta 5 років тому +1

    WOW thank you vanessa your content it is so accurate and useful

  • @rochelle9647
    @rochelle9647 5 років тому

    Guuuurl did u get a new camera??! Your video quality today is popping Vanessa!!! I love it.

    • @rochelle9647
      @rochelle9647 5 років тому

      @@VanessaLau Yaaas! Can't wait for it either. Keep up the good work!

  • @JhalisaJohnLaForest
    @JhalisaJohnLaForest 5 років тому

    Your new camera quality looks amazing! 😍

  • @alainfaber
    @alainfaber 5 років тому

    Loving your professionally produced content. Great work

  • @careerpathdreams
    @careerpathdreams 5 років тому

    Hey Vanessa , I liked your 1st tip that we should have some partime job while maintaining our UA-cam channel to run continuously . So that money will be inflow to run our house and we can get get success in our channel one or other day like you did . And of course consistency is really important for any channel .

  • @quinandvin5287
    @quinandvin5287 5 років тому +2

    I love all of your videos. Currently, in Vancouver, like where you at tho! Thanks for all of the help always

    • @quinandvin5287
      @quinandvin5287 5 років тому

      @@VanessaLau Lol I wish! I do long distance haha. Im from Vegas :)! But I'm here every two weeks.

  • @JelisaSmith
    @JelisaSmith 5 років тому +1

    Great video Vanessa! I loved the tip on looking at expenses as percentages. This could’ve saved me some money in the past lol But I got it now!! Thank you💛

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      Have you checked out the profit first method! This method radically helped me get visibility on my business finances and I've actually done a few trainings on it as well.

  • @mariagva
    @mariagva 4 роки тому

    I love this video! & yes you should make the little videos about being more cost efficient in business, I would air so much!

  • @The_Open_Book
    @The_Open_Book 5 років тому

    Good advice, I'm aspiring to be an author semi-full time and a lot of influencers talk about just going for it and putting in the time, taking a leap... but it's better to be realistic, keeping a part-time is a great idea. SO is seeking professionals, you gotta invest properly in editors that are worth the money etc.

  • @Ernest-w8f5u
    @Ernest-w8f5u 3 дні тому

    Thank you, Ernest Pule from South Africa

  • @doaatube3715
    @doaatube3715 5 років тому +6

    Love your vid!!! Your the best thanks for all the info you give out!!!
    Ps im a small UA-camr!

    • @sweetcupcake6104
      @sweetcupcake6104 5 років тому

      I know right she has the best videos and all ways trying to help people!!!

    • @sweetcupcake6104
      @sweetcupcake6104 5 років тому

      Btw just sub to you! Love your vids and editing!!!!! Their amazing!!!

    • @doaatube3715
      @doaatube3715 5 років тому

      @@sweetcupcake6104 shes my favorite UA-camr!!!!!!!!

    • @doaatube3715
      @doaatube3715 5 років тому

      @@doaa7288 omg we do!!!!

    • @doaatube3715
      @doaatube3715 5 років тому

      @@doaa7288 thanks! And i am working on tips videos!!! Hope you also think their helpful!!!

  • @jgomezup1676
    @jgomezup1676 5 років тому

    Awesome video !! Nobody is talking about this in UA-cam ; very important stuff !! Dope value as usual

  • @AwwsomeeXiongg
    @AwwsomeeXiongg 4 роки тому

    The last part you mentioned is true! Not many talk about the little things about tax etc. do you have a video on it??? I’m starting a business but kinda lost on where to start off first.

  • @yuranimations
    @yuranimations 5 років тому +1

    Thank you so much Vanessa for this hihi i love it

  • @taisenscoolstuff732
    @taisenscoolstuff732 5 років тому

    I've been learning more and more how to manage my finances, so thanks for these tips Vanessa!

  • @Erikajxoso
    @Erikajxoso 5 років тому

    Your videos are so helpful and informative! I’m so glad I came across your channel! Your personality and knowledge go hand in hand, thanks for sharing your tips and giving us beginners advice 💜

  • @alexspat7248
    @alexspat7248 5 років тому

    wow so much value!!! I love tools that safe time!!

  • @Dannybal254
    @Dannybal254 5 років тому

    All the way from Kenya.... Thank you for the tips on how to save my money....

  • @LifestyleCritic
    @LifestyleCritic 5 років тому

    Loving these videos, going back to the topics at the start of your channel! 😎👌

  • @halimaawale1868
    @halimaawale1868 5 років тому

    It would be really nice if you could make a video about how teens could manage business,school and free time. Personally I struggle with this very often. Love your videos btw, you give so much value ❤️

  • @neverstopmovingforwardfitn7277
    @neverstopmovingforwardfitn7277 5 років тому

    Thanks for all your pointers

  • @AngelCabaron
    @AngelCabaron 5 років тому

    As usual, this is a very helpful video. Thanks Vanessa!

  • @alejandromesa2142
    @alejandromesa2142 5 років тому +1

    Vanessa! I could save you some time what Gary vee and Jay shetty do is while the do there videos they have another phone or camera recording ther voice so they have the podcast and people can listen while their at the gym or driving!

  • @SeanKBeauty
    @SeanKBeauty 5 років тому +1

    This is good stuff I am building my business but still working to fuel my business. Thank you for reinforcing this .

  • @StumblethroughProductions
    @StumblethroughProductions 3 роки тому

    ^^^ best youtuber out there. thank you for talking fast and providing value !

  • @RemainForeverHealthy
    @RemainForeverHealthy 5 років тому

    This is great video. You look so professional. Nice suit and background.

  • @hilaryjennifermakila5556
    @hilaryjennifermakila5556 5 років тому

    yaaay I love the quality video! Thank you for the advice!

  • @aditiparekar
    @aditiparekar 5 років тому

    This video is amazing I just don't have words love your work😍❣️

  • @esejoy3148
    @esejoy3148 5 років тому

    You are awesome... i like your new background

  • @bagomilk11
    @bagomilk11 5 років тому

    Vanessa your videos are so so helpful! They're so well thought out, organized, and easy to follow along. I've been working on my own business for about a year now (started selling product 7 months ago) so I'm here for ALL the tips I can get! I liked the tip where you said we should be looking at our expenses as a percentage of our income. Smart!!
    In one of your future videos, could you talk about taxes and such? Like when do you charge a customer tax, what do you do with that money, and how to put away money for tax time and how to estimate how much to set aside, etc! (I think you may have touched on this a bit in a previous video) My Shopify automatically calculates the tax for my Canadian customers, doesn't charge my US customers tax, and Amazon doesn't charge any of my customers tax. I haven't figured this out yet!
    P.S. Did you get a new camera/lens? Looks great! :)

  • @fallenslave6684
    @fallenslave6684 3 роки тому

    Thank you Thank you Thank you Thank you

  • @LaurenDayMakeup
    @LaurenDayMakeup 5 років тому

    Excellent video Vanessa! Love the new quality of your video. Congrats on your first Premiere!
    When you were talking about not spending money on branding and then talking about buying a Chanel purse, I was like 😱😡
    I am so glad your boyfriend talked you out of buying that $10,000 purse! 🤗 Marry him!

  • @elestanteliterario
    @elestanteliterario 5 років тому

    Holy ssshhht Vanessa. I'm actually thinking on doing what you did: getting a part time jog to fully work in my channel. I'm quite scared tho to not be capable of organizing my time and monetize my job. Any advice there?
    By the way... your videos look soo good with the new equipment. Congrats ;)

  • @byjanerey
    @byjanerey 5 років тому

    THANK YOU VANESSA 🙏🏻❤️

  • @stefnegrin3120
    @stefnegrin3120 5 років тому +1

    Amazing information in this video as always

  • @patlincraft
    @patlincraft 5 років тому

    Your new camera makes your video look so much better ! @patlincraft

  • @TheGipsyJourney
    @TheGipsyJourney 5 років тому

    Again, an other great video Vanessa! Right on time when I was starting to stress over money. You are like a super hero hahaha. Thank you💛

    • @TheGipsyJourney
      @TheGipsyJourney 5 років тому

      @@VanessaLau Always!! 🙏 BTW, I wanted to do your course but I saw it was only for coaches? Or maybe I didn't understand well🤷‍♀️

    • @TheGipsyJourney
      @TheGipsyJourney 5 років тому

      @@VanessaLau as content creator too?

  • @yuranimations
    @yuranimations 5 років тому +1

    Hit like if you love Vanessa

  • @shaymamog3367
    @shaymamog3367 5 років тому

    Thank you, your videos become ine if mu every week routine.

  • @MyPrettyEverything
    @MyPrettyEverything 5 років тому +1

    Great tips darling!😍💕

  • @ankisvlog
    @ankisvlog 5 років тому

    Vanessa you are really good I love your vlog . You actually inspire everyone .. thanks a lot 💕💕 love all your vlogs

  • @SimplyMeRosie
    @SimplyMeRosie 5 років тому

    Great tips..Thanks for sharing..😊

  • @purplekevin
    @purplekevin 5 років тому

    omg this is so useful! thank you so much (:

  • @SHVWNCOOPER
    @SHVWNCOOPER 5 років тому

    you upgraded your gear didn't you? lookin good lau

  • @gokulsv135
    @gokulsv135 5 років тому +9

    Vanessa... How do u talk this energetically on videos? I tried filming videos but I'm not satisfied with how I talk and present the content. Bcz of that I'm not able to start a UA-cam Channel 😔.

  • @SuperMoonem
    @SuperMoonem 5 років тому

    I would love to attend your meet up seminar someday!

  • @mab_academy
    @mab_academy 5 років тому

    Amazing amazing amazing content. U never disappoint mentor 😁 learnt alot.

  • @shervinmohammadian3688
    @shervinmohammadian3688 5 років тому

    Great video as always!!

  • @masakololaisa325
    @masakololaisa325 2 роки тому

    I love your advice ❤

  • @MotherMuse
    @MotherMuse 5 років тому +2

    This is such crucial information! Thank you Vanessa. 🙏 I am thinking more and more of starting a business from home. It has been in the back of my mind for years. Would you recommend trying this if a) I have 4 kids b) I’m also investing my time and energy in my UA-cam channel c) I’m also in grad school!?
    Seems kinda crazy to try but it keeps calling me. Oh and grad school is part time for now but will become full time starting next year (that is if my family can put up with it!). Seems like if I am going to move towards this now is better than later in terms of time. But I hesitate. 💕xo

    • @MotherMuse
      @MotherMuse 5 років тому +1

      @@VanessaLau Yes sounds like good advice! Prioritizing is essential- so is support- and I'm still working on it! Thanks Vanessa! xo

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому +1

      I worked full time, attended grad school, was adopting, and ran my business. I will tell you it takes a lot of support, hard work, and dedication. Vanessa's tips are priceless, but I would definitely start by talking with your spouse/ significant other / family about what kinds of expectations everyone has about running a business. If you really want to pursue this, go for it! Just keep in mind it definitely helps to pay for help through a coach, course, or mastermind. I didn't do that before I became serious. I tried doing all the free things, but that didn't get me the real results. Keep up the dream and pursue what you love with a plan.

    • @MotherMuse
      @MotherMuse 5 років тому +2

      Melody Johnson thanks Melody! I appreciate your input. Wow you got so much done at once! Kudos to you for adopting as well. 💐
      Definitely I am in discussions with my husband and family along the way with all that going on. Also your mention of support via a coach or course is great advice! I’m already in the process of this, so thank you, yes such a good idea. Especially for busy moms who also sometimes need that extra push to follow our dreams! 💕xo

    • @TheCourseConsultant
      @TheCourseConsultant 5 років тому

      @@MotherMuse That is fantastic! Yes, feel free to ask me if you have any questions! Mentorship and support are incredibly important.

  • @RaeaXo
    @RaeaXo 5 років тому

    Vanessa, I checked your website and it said you don’t work one on one anymore? I’ve been saving up to work with you to help me figure out what I could be doing better!

  • @CareerexcellencewithMadhurima
    @CareerexcellencewithMadhurima 5 років тому

    can u pls make a video on wat courses have u taken so far?