229: Planning for the Unexpected: How to Financially Prepare Your Business for Disabilities w/ Tanya Taylor
We understand that as a Black entrepreneur, your business is your lifeline, your passion, and your source of financial freedom. But what happens when the unexpected strikes—like a sudden disability? Too often, these scenarios are overlooked in entrepreneurial planning, leaving business owners financially vulnerable. This episode dives into an essential yet rarely discussed topic: how to financially prepare your business for a sudden disability.
We explore why planning for disabilities is critical for long-term business success and financial security, especially for Black entrepreneurs who often face unique challenges in accessing resources and support. Tanya Taylor, a seasoned financial coach and wealth expert, brings her personal experiences and professional insights to the conversation. With over two decades of experience, Tanya has seen firsthand the devastating impact of financial unpreparedness—and she’s here to equip you with the tools and strategies to safeguard your business and finances against the unexpected.
DURING THIS EPISODE YOU’LL LEARN:
- What a sudden disability could mean for your business and why preparation is essential.
- How to identify and mitigate the financial risks of a disability through proper planning.
- The importance of disability insurance and how to choose the right policy for your needs.
- How to create an emergency fund specifically tailored for disability-related challenges.
- Practical steps for navigating the emotional and mental challenges of sudden disabilities.
RESOURCES MENTIONED:
- [BLOG POST] 6 Funding Opportunities for Disabled Entrepreneurs
- [BOOK] Broke to Wealth
- [BOOK] The Mountain Is You
- [BOOK] The Genius Zone
- [BOOK] How to Do the Work
- [BOOK] The Courage to Be Disliked
About Tanya Taylor:
Tanya Taylor is a financial coach, TEDx speaker, and the founder and CEO of Grow Your Wealth. With 24 years of experience in the banking and insurance industries, Tanya is dedicated to helping individuals and entrepreneurs build generational wealth. A Jamaican immigrant who overcame significant obstacles, Tanya has used her expertise to empower others, particularly women, to take control of their finances and retire worry-free. She has been featured in publications such as Business Insider and Black Enterprise and has spoken on stages across the world. Her two books, Broke to Wealth and a guide to preparing financially for disabilities, offer accessible insights into building financial security and resilience.
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