Hey, 

I was listening to one of the latest episodes of Trailblazer.fm, where Lee and his guest were talking about “Pricing in a weak economy”.

Aside: I’m still on the fence of this whole “we’re on the verge of a global recession” thing — but I’m no economist and a glass-half-full kinda guy in general.

The podcast was a great listen nonetheless — and it got me to thinking about my business savings account and how much peace of mind it affords me.

It’s something I didn’t start until year 3 or 4 of my business (which I fully regret) — especially with how simple it’s been and how quickly its grown.

Do you have a business savings account?

If not, here’s what I’ve done — maybe it helps…

Open yourself up a separate savings account, and at the end of each month toss 5% of your sales in it.

It doesn’t have to be 5% (mine is 8.5%), but a figure that’s low enough that the chances are you’ll never notice it’s gone. But if your profits are too slim to even handle 5%, consider adding 5% to your prices and have your customers fund it for you.

The deposit each month probably won’t be a lot — but in a couple of years time, it can add up to a pretty significant chunk of change.

I’ve only had to dip into it twice (when my monthly profit wasn’t quite what I needed to pay my salary), and now I’m sitting on a pile of cash that could carry me several months if every one of my clients conspired and decided to quit paying me.

Or, in the more likely scenario; an economic downturn.

A nice little nest egg makes you a lot less fearful of what could go wrong and gives you the ability to operate at full force while others might be cutting back.

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🔥 Inside The Group 

Member of the Year Nominations

In an attempt to say thank you for all YOU put into the group, I've set up a "Member of the Year" program and nominations are now open. Winners will be getting some fantastic prizes!

What if they don't take a care plan...

Michael is curious to know what you do with a site when a client doesn't grab your care plan... Do you turn on auto-updates? Install a security plugin? What's the best way to not devalue your care plan, but help them succeed with their site?

How much are you raising your prices for 2023?

Jordan is looking to make a 30% increase in his care plans and is curious about what kind of increase others are doing. The comments are full of lots of things to consider. 

We are #1 (again!)

Thanks to the time and energy you've put into TAB (and your votes, of course), The Admin Bar has been selected as the #1 WordPress community for the second year in a row.

Subdomain vs Subdirectory

Shala is looking at putting up some demo sites and doesn't know whether it's better to put them on a subdomain or subdirectory. Do you have a preference? And why?

📰 In Other News 

Spice Up Your Mobile Menus

This week I put out a neat little tutorial on a few ways you can improve the look and feel of your GeneratePress/GenerateBlocks mobile navigation menus. I'm in love with this!

459 episodes later...

WordPress' longest continually running podcast, Kitchen Sink WP with Adam Silver, invited me on to talk about agency life, The Admin Bar, and some of my favorite tools. 

Is your website accessible to people with dyslexia?

TAB member Rick Heijster put together an absolutely fantastic blog article for TheAdminBar.com on making your website more accessible to people with dyslexia (about 12% of the population!). This is a must-read!

🤯 Tip of the Week

This week's Tuesday Tip Jar was all about Business Insurance — but it seems no one gives a shit about that 😂 

Read the couple of tips we got.

This week's big tipper is Andrew Palmer who explained what all kind of insurance he carries for his business. 

Keep an eye out for an announcement on plans to change up the Tuesday Tip Jar in 2023!

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👋 Before You Go

After a couple of really great guest posts recently from Ben and Rick, I had a few people asking how that works...

We have some guidelines for what kind of posts we accept (the audience numbers are slightly outdated), and they get accepted (or denied) on a case-by-case basis.

If you're interested, just shoot me an email before you go to the trouble. I can probably tell you pretty quickly if it's something that would be a good fit or not.

We'd love to have more community-driven content on the site!