Rueben Taylor

Most business owners run everything through one bank account.

Money in. Money out. Hope for the best. 🤞

And at the end of the month they look at the balance and wonder where it all went.

Here's a simple money system that fixes that completely.

You need three bank accounts.

>> Account 1 - Your Operating Account

This is where all your revenue gets paid.

And where all your operating costs go out.

Wages. Suppliers. Rent. Fuel. Everything that runs the business day to day.

This is your working account.

>> Account 2 - Your Tax Account

Every time money hits your operating account - a percentage goes straight into this account.

For GST. Income tax. Payroll tax.

Set it up as an automatic transfer and never touch it for anything else.

Because that money was never yours to spend. It belongs to the ATO.

And the business owners who forget that find out the hard way when the BAS arrives.

>>Account 3 - Your Profit Account

This is the account that changes everything.

Every time revenue hits - a small percentage goes here too.

Even if it's just 1 or 2 percent to start.

This account is not for emergencies.

Not for that piece of equipment you've been eyeing off.

It's your cash surplus. Your buffer.

The account that means a slow month doesn't turn into a crisis.

Here's what this system does.

It removes the temptation to spend what isn't yours.

It builds a cash reserve over time without you having to think about it.

And it gives you a completely different relationship with your bank account.

Instead of one number that tells you nothing - you have three accounts that each tell you exactly where you stand.

Save this post - and set up your three accounts this week. 👇

I had a client who ran a concrete cutting business.

He checked his bank account one day and saw $100,000 sitting there.

So he bought a new $50,000 piece of cutting equipment. For cash.

Eight weeks later he couldn't make payroll.

At the time it felt like the right call to him.

The money was there and the equipment would help him grow.

But here's what he didn't see.

That $100,000 wasn't his to spend.

It was sitting in the account because invoices had been paid in advance.

But the costs of the next eight weeks – wages, materials, loan repayments, overheads etc hadn't gone out yet.

The equipment didn't cause the problem.

The decision did.

Because the decision was based on a bank balance - not a cashflow forecast.

Here's the principle I taught him that changed things for him:

Fund an asset over the life of the asset.

A piece of equipment that lasts five years should be financed over five years.

Not paid for in cash from your operating account.

Because that cash isn't yours to spend.

It belongs to the next eight weeks of your business.

Save this - because this principle alone could save you from one of the most common and costly cash mistakes in business. 👇

Do you know your key financial numbers without having to ask your accountant?
Be honest.
Because most business owners fall into one of four categories.
1. You check the bank balance to see if things are okay.
Looking at the full financials feels overwhelming so you avoid it.
2. You look at the profit and loss occasionally.
But you couldn't tell someone your margins or break even number off the top of your head.
3. You have a reasonable understanding of your numbers.
But you don't review them consistently.
And you're not really sure which products or services make you the most money.
4. You know your gross profit margin.
You know your break even revenue.
You know exactly which products - services and clients make you the most money.
Without having to ask anyone.
Here's the question.
Which one are you right now?
And which one do you want to be?
Because the gap between checking the bank balance and truly knowing your numbers is just clarity on what to look at - and a habit of looking at it consistently.
That's exactly what the Business Independence Score reveals.
It’s free and takes just two minutes.
Comment NUMBERS below and I'll send you the link. 👇

Stop running your business on gut feel.

Your numbers already have the answer.

Here's what gut feel actually sounds like.

I think we had a good month.

I feel like margins are okay.

I reckon we're about breaking even.

I should probably look at the books but I've been flat out.

Sound familiar?

Here's the problem with gut feel.

Your gut is built on incomplete information.

It registers the busy-ness.

The phones ringing. The jobs on the board. The team turning up.

And it says - things feel okay.

But feeling okay and being okay are two very different things.

You could be flat out busy and losing money on every job.

You could feel like you're ahead - and be three months behind on your BAS.

Your gut doesn't know your gross margin.

It doesn't know if you've hit break even this week.

It doesn't know which jobs are making you money and which ones aren't.

But your numbers do.

And here's what I've seen over and over working with business owners.

The moment they stop trusting gut feel alone and start looking at their actual numbers - something shifts.

The fog lifts. The anxiety drops.

Because the truth - even when it's uncomfortable - is always better than the uncertainty.

You can't fix what you can't see.

But once you can see it - you can fix almost anything.

Stop guessing.

Start knowing.

Follow for more on your numbers this week. 👇

Stop making decisions based on your bank balance.
It's lying to you.
Here's what actually happens.
Money hits the account and you feel good.
You relax. You spend. You say yes to things.
Account looks low and then panic sets in.
You chase invoices. You hold back buying things. You make decisions from fear.
And then a payment lands and you feel fine again.
Up. Down. Up. Down. It’s a roller coaster.
Your bank balance doesn't tell you if your business is profitable.
It doesn't tell you if your margins are right.
It doesn't tell you if you've hit break even this week.
It just tells you what's sitting there right now.
And making business decisions from that number alone is like driving at night with no headlights.
The business owners who get this right don't check their bank balance and react.
They know their numbers.
They know what break even looks like every single week.
They know their margin on every key product or service.
They have a dashboard that shows them the health of their business at a glance.
And they make decisions from a place of clarity - not anxiety.
That's what this week is all about.
Follow along because knowing your numbers changes everything.