This is a pertinent topic for Sarit, since her business partner, Itamar Srulovich, is also her husband, and they launched Honey & Co. in 2012 with £30,000 of their own money. Combining personal finances within a marriage can be a thorny issue, but once you add business into the mix, that can complicate things even further!
Sharmadean and Sarit explore the practical details of keeping things separate, including the importance of learning the difference between personal and business funds, and how to know when it’s time to think about a Business Card.
They also delve into the experience of declining a business deal even when it feels right, and steering a food business through the turbulence of the pandemic.
To learn more about where to start managing your business finances visit the American Express Business Trends & Insights hub.
The American Express Business Class: Money Minutes podcast is now streaming on all major platforms including Spotify, Apple and YouTube.