What type of Business Owner are you?

8th September 2023

Are you a Spender, a Hoarder, or a Monk?

As a business owner, you’re the person primarily responsible for your company’s finances. You may have bookkeepers and accountants who help you manage the numbers, but if you don’t understand your own financial personality, you could be making mistakes that are costing your company money—and endangering its long-term stability.

But how can you make sure that you’re operating with a balanced approach to money management?

As a first step, it helps to identify your financial personality: Are you a Monk, a Spender or a Hoarder?

• The Monk is detached and wants little or nothing to do with money. They may even feel guilty about receiving it.
• The Spender can’t keep money in their pocket; they spend it as soon as they get it.
• The Hoarder doesn’t spend enough; they hoard it instead of investing in their business or themselves.
• The SPENNer fully in control of their finances and able to manage their accounts, keeping on top of all payments from invoices, expenses to payroll.

Using SPENN business allows you to become the ultimate SPENNer. With secure transaction history, employee payment slips, multiple admin accounts, and fast onboarding process.

We want your company’s processes to be as efficient as possible so that you can focus on what matters most: creating amazing products and services that people love!