In the last couple years I’ve learned one lesson the hard way that I wish someone had shared with me at the start… financially, it’s often feast or famine. There has been very little in between.
So here’s something to consider if you’re early in your plant, or just dreaming of starting this ridiculous and painful yet glorious, God-honoring process. SAVE!
If you have any “extra,” save more than you normally would consider because lean times are always crouching in the early years.
Where I’ve failed, and where you might as well is when the famine is on you live meager, budget strong, and make cautious monetary decisions in order to make ends meet.
But, when the feast is on, YOU FEAST. You buy the things you wish you’d bought when you were making ends meet. You do the things you wished you could do and go places you wished you could go when the famine was in full swing. And none of that is necessarily wrong, but it is considerably unwise.
So here’s a thought. Try and save, during the feast, the numerical amount you sometimes lack for necessities and small treats during the famine. If you do this consistently for some time, then the famine will cease to be as severe. This has been invaluable for my family over this last year. And this little bit of discipline has allowed for a much less tense, much more fun-filled time as a family, even during the famine.
Now facts are if you’re honest, and you’re in an entrepreneurial endeavor, this is you. So from one risk-taking individual to another… at least consider this a means of not learning or re-learning this the hard way.