Indie Bites

<p>In this episode I have a returning guest, someone who is a keystone of the bootstrapping community, it’s Justin Jackson, co-founder of Transistor, MegaMaker and more. Today we have an unstructured but very useful chat about building a financial engine for your business. This is a topic that has come up countless times in my indie journey and I think it’s something that a lot of indie businesses don’t address as early and seriously as they should. There a ton of actionable tips in this conversation about how to manage your finances, building a solid, profitable business and what to do when things aren’t going well.</p><p><strong>Get the extended episode here: </strong><a href="https://indiebites.com/membership"><strong>https://indiebites.com/membership</strong></a></p><p><strong>Timestamps</strong></p><ul> <li>00:00 Intro</li> <li>01:45 James shocked by tax</li> <li>02:31 Profit first</li> <li>06:51 Building a financial engine</li> <li>09:40 Things falling apart with depression</li> <li>11:00 Desperation affects creativity</li> <li>11:49 How to build your financial engine</li> </ul><p><strong>Recommendations (from prev ep)</strong></p><ul> <li>Book: <a href="https://www.amazon.co.uk/Life-Profitability-Measure-Entrepreneurial-Success-ebook/dp/B08S5GWG1Q"><strong>Life Profitability</strong></a> </li> <li>Podcast: <a href="https://softwaresocial.dev/"><strong>Software Social</strong></a> </li> <li>Indie Hacker: <a href="https://twitter.com/sivers?lang=en"><strong>Derek Sivers</strong></a> </li> </ul><p><strong>Follow Justin</strong></p><ul> <li><a href="https://twitter.com/mijustin">Twitter</a></li> <li><a href="https://twitter.com/mijustin">Blog</a></li> </ul><p><strong>My links</strong></p><ul> <li><a href="https://twitter.com/jmckinven">Twitter</a></li> <li><a href="https://twitter.com/indiebitespod">Indie Bites Twitter</a></li> <li><a href="https://youtube.com/@indiebites">Indie Bites YouTube</a></li> <li><a href="https://indiebites.com/membership">Join the membership</a></li> <li><a href="https://jamesmckinven.com/">Personal Website</a></li> <li><a href="https://2hourpodcast.com/">2 Hour Podcast Course</a></li> <li> <a href="https://podpanda.co/">PodPanda</a> (hire me to edit your podcast)</li> <li><a href="https://indielife.fm/">This Indie Life Podcast</a></li> </ul><p><strong>Sponsor - </strong><a href="https://emailoctopus.com/"><strong>EmailOctopus</strong></a><strong> 🐙</strong></p><p><em>EmailOctopus is an independently owned email marketing platform, built to support other small growing businesses. With a focus on affordability and ease of use, EmailOctopus contains all of the features you need to reach and grow your audience. You can </em><a href="https://emailoctopus.com/"><em>start today</em></a><em>, with their industry leading free plan where you can contact up to 2,500 subscribers without paying a penny</em></p><p><br></p>