Penny Kidd talks about speaking at a women's conference in Jamaica and why tax write-offs don't erase the real cost. Even deductible business expenses hit your budget, so plan for travel, meals, and clothing upfront instead of treating them as free money.
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Hey Wise Guys, it's Penny Kidd. I just got done speaking at a women's conference in Jamaica, and how fun is that? And one of the things that it brings to mind is twofold. One is about travel expenses and how we need to plan and think ahead for those, and the other are business expenses. One of the things I talked to this group of women about was that even though it's a business expense, it's an expense, right? And it's things that you are going to spend money on, but they need to be planned for in your business budget as well as your personal budget. So the good thing when you go on a business trip like this is that much of it is a business expense, which is cool, but if you don't have the money for it, it's still just money not well spent. So make sure that you are doing a good written budget for your business as well as your personal, and plan for the things that you like to do, whether it is travel or dinners out or clothing or whatever. So it's been great visiting with these awesome women business owners and would love to reach out and share more with you. If you need anything, just reach out. Be wise.