I do keep my business and personal finances separate. Each has a checking and savings account. I keep at least 1 month of business expenses and personal expenses in savings separate from each other to ride the ups and downs. That is why a said "replenish the kitty" in my first post.
I do like what Brian said about behaving differently because of how one perceives the money. This is the kind of thought I was looking for when I asked the question.
I wanted to know why some are so aggressive in defending the separation of salary and profit and having a job versus a business.
I do take some offense (but not much) when my small operation (me + 1 or 2) is viewed as a job. To me a job is a clock puncher. You clock in, make a few widgets, you clock out. That's a job. Yes I do the physical work but I also do everything else. Sales, paper work, marketing etc. Yes if I stop the business stops but it is still a business.
I am grateful to all people here for sharing so much information. Some of it I had already learned myself the hard way. Some was new and I understood it right away. Some I'm still trying to a get a grip on and this was one of them. I don't do anything in my business unless it will improve how I do it. So if I don't understand something that others see as very important to their business I am not going to adopt that practice until I understand why and how it is done. So I asked and shared how I see it. I don't mind being wrong. I am quite often. I just don't intend on staying wrong.
I do like what Brian said about behaving differently because of how one perceives the money. This is the kind of thought I was looking for when I asked the question.
I wanted to know why some are so aggressive in defending the separation of salary and profit and having a job versus a business.
I do take some offense (but not much) when my small operation (me + 1 or 2) is viewed as a job. To me a job is a clock puncher. You clock in, make a few widgets, you clock out. That's a job. Yes I do the physical work but I also do everything else. Sales, paper work, marketing etc. Yes if I stop the business stops but it is still a business.
I am grateful to all people here for sharing so much information. Some of it I had already learned myself the hard way. Some was new and I understood it right away. Some I'm still trying to a get a grip on and this was one of them. I don't do anything in my business unless it will improve how I do it. So if I don't understand something that others see as very important to their business I am not going to adopt that practice until I understand why and how it is done. So I asked and shared how I see it. I don't mind being wrong. I am quite often. I just don't intend on staying wrong.
