Small Business Financial Leaks: Stop Wasting Money Now!

4 Aug 2026 · 1 min

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In this short advisory video, Chrissy Myers emphasizes that small‑business owners often overlook continuous financial monitoring. She argues that decisions about spending should be revisited regularly—monthly or quarterly—to spot "leaks" where money leaves the business without delivering a return. Myers notes that investments that made sense in one season may become wasteful in another, so owners must constantly assess whether resources are being used effectively and cut expenditures that no longer add value.

Chapters

What's one thing that small business owners should be paying closer attention to financially that often gets overlooked? A lot of times people will make a decision about how they're going to spend their resources and never look back. That should be an ongoing evaluation, right? Whether it's monthly or it's quarterly, but continuing to look at where are those leaks in the business. There may have been something at one season of the business that made a lot of sense to be investing in, but you may be in a different season now. Money still may be going out the door, right? Yeah. And we're not seeing a return on that. And so, Being in that constant evaluation of, am I using my resources well, is really important, and I don't think enough small business owners do that.