You know the grumpy office lady with the sign that says, “Poor planning on your part does not constitute an emergency on my part”?
That’s how your P&L feels when you make poor financial choices in your personal life. Being a small business owner is straight trickle down economics. Your personal financial situation is only as strong as your business financial situation. You can’t spend excessive money personally expecting that your cash cow will somehow start to produce more milk. It won’t.
The pressure you will feel to perform well with your business will become overwhelming if you don’t practice good fiscal health in your personal life.