Running a home-based or small office business requires discipline, but too often owners focus on revenue and overlook personal wealth. This session reframes wealth building around one core principle: spend what you have after you save.
Participants will explore how to build net worth intentionally, starting with emergency funds and appropriate cash reserves. We will explain dollar-cost averaging in simple, practical terms and show how steady, automated investing removes emotion and builds long-term stability. The session will also clarify the critical distinction between business cash flow and personal wealth—helping owners avoid the common trap of equating revenue with financial security.
By the end of this session, participants will leave with a clear, repeatable framework for paying themselves first and implementing a disciplined wealth-building system that works alongside their business.
Home-Based Business: Pay Yourself First
Speaker(s):
Co-Sponsor(s): Co-Sponsored by the Peninsula Home-Based Business Network (York County, Hampton, James City County, Williamsburg, Poquoson, Newport News, & Gloucester departments of Economic Development)
Questions? Please call 757-664-2592
Fee: No Cost
All programs of the Virginia SBDC are open to the public on a non-discriminatory basis to all legal residents and citizens of the United States.
Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Full disclosures regarding federal funding are available at https://www.virginiasbdc.org/funding-sources/.
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