BBW #005: Personal Finance Tips for Small Business Owners in 2025
Don't get overwhelmed.
It’s Week 5 here at Business Buying Weekly! Thanks to all the new subscribers for joining us this past week. I appreciate all of you!
In Week 4, we discussed how to buy your first business. We learned 6 key areas to focus on as you began the process — everything from researching companies to finalizing the deal. Good deals always come down to your due diligence.
Turning our attention to this edition, let’s explore personal finance tips for you as a business owner and creator. Things can be confusing, but this newsletter exists to help you power through the uncertainty.
Here we go!
How Small Business Owners Can Master Personal Finances
Managing personal finances as a small business owner has always been a balancing act. But with new trends emerging in 2025—rising interest rates, evolving tax laws, and the rapid growth of AI-driven financial tools—keeping your finances in check is more important than ever.
I've put together a comprehensive guide on how small business owners can stay ahead of the curve and secure both their personal and business financial futures.
However, it is important to check with a financial professional before taking any action. Everyone’s situation is different and I am not an accountant or tax attorney.
With that disclaimer out of the way — haha — here are some of the key takeaways.
Separate Personal and Business Finances
Keeping these two worlds apart is critical, especially with the rise of AI-powered financial platforms like QuickBooks and Xero. Automating your financial records will make tax season a breeze and prevent costly mistakes.
Set Financial Goals Based on 2025 Trends
Consider new opportunities like cryptocurrency, real estate crowdfunding, and building a larger emergency fund. As economic uncertainty grows, it's smart to diversify your investments and savings.
Prioritize Tax Savings
With expected tax changes in 2025, particularly around digital transactions, make sure you’re setting aside enough for taxes. Leverage tax software to avoid surprises, and be prepared to track cryptocurrency and digital income carefully.
Manage Debt Wisely
Interest rates are likely to keep rising, so managing both personal and business debt effectively is crucial. Look into refinancing options early, and consider AI-based apps that optimize debt repayment for maximum savings.
Related: 20 AI Marketing Tools for Small Businesses to Boost Growth
Build a Robust Emergency Fund
As a small business owner, your income may fluctuate. Aim for an emergency fund that covers at least 6–12 months of living expenses to safeguard your personal finances against downturns.
Invest in Retirement
2025 offers new ways to grow your retirement savings. AI-powered financial advisors, cryptocurrency-based retirement accounts, and real estate crowdfunding platforms give you more control over your future wealth.
Related: Rewrite Your Money Story
Whether you’re a seasoned business owner or just getting started, these tips will help you manage your personal finances in a way that supports long-term success.
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Want to dive deeper into personal finances?
I’ve put together an in-depth guide that breaks down these strategies and more, giving you the tools you need to thrive financially in 2025.
Read the full guide here: https://runthemoney.com/personal-finance-tips-for-small-business-owners/
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