Part 1 in the Bookkeeping 101 Series! Having an understanding of a few accounting concepts can make a world of a difference in how you approach your record-keeping! In this post, we’ll cover the basics of accounting like Accounts, Double-Entry Accounting, Debits and Credits, Cash and Accrual Accounting, Reconciliations, and Financial Statements.
Are you struggling in your relationship with your money and/or your business? It’s nothing to be ashamed of - in fact, it’s an entirely normal part of the entrepreneurial journey. At some point, you’re probably going to feel broken. You’re going to feel lost. You’re going to experience a cloud of negative emotions around building your business or generating income. It happens. If this is you, it's time to do some mindset work. You may want to talk about strategies and techniques, but failing metrics are merely symptoms of a greater issue. So today, we’re going straight to the source: you.
What would you say to a system that guarantees your business will turn a profit, save for taxes, pay your expenses, and pay YOU?! The correct answer is “Uhm, where do I sign up!?” Even as an accountant, I’m not sure I would have believed such a system was possible. But the magic unicorn is real, ya’ll. And it’s honestly so simple.
Have you ever wondered if there’s a magic number for how much you should be spending on your small online business? Well, today’s the day. I’m going to tell you the magic number for your business expenses. Sound too good to be true? Stick around, you non-believer. We’ve got work to do!
It's the great debate with online business: which is better, digital products or services? The answer, like oh-so-many answers in business, is that it depends. To find the “right answer,” we’ll need to assess what each path entails, and what each path can bring to your life and business. Once you find the one that aligns most with your goals, you’ll have your starting point.
How do you know when your business is ready for a CPA? The answer depends entirely on you, but today, I'm going to help you make that decision. Because I'm helpful like that. There are so many reasons you may need a CPA, and plenty of reasons why one is unnecessary for your current stage of business. Take some time to assess your business’ needs so you can make the best decision moving forward!
As a beginner blogger, it can be a challenge to set realistic financial goals. You don't know what the right dollar-figure is, or the right timeline to give yourself. If you're too far off the mark, it can be discouraging when you repeatedly fail to reach your goals. Goal-setting is challenging enough without the added pressure of entering a new industry. Today we're going to dive a little deeper into financial goal-setting so you can start aligning your actions with your business dream.
After a full year being a devoted fan of WordPress with Siteground hosting, I’ve decided to make a bit of a dramatic switch to Squarespace. This decision was kind of sudden and unexpected, so today, I felt I owed you an explanation. Here’s why I switched from WordPress to Squarespace one year into my business.
Your business isn't making any money yet, or maybe it's just making a little. You know that, at some point, it'll be a smart move to separate your personal and business money, but you're not quite a business yet, are you? So what's the right time to start a separate account for your blog? When is it enough of a business to treat it like one?
I get it, the internet is huge. Creating your own website doesn't sound like a great plan to promote your business. But the website is just the hub. The real magic happens in the marketing. How do you drive people to your website so you can start to make money? How can you get noticed in a sea of other websites in your niche? How can you pop up in a Google search?
There's a dark truth behind blogging that 99% of bloggers won't admit to . . . Sometimes, your readers drive you crazy. Having an audience isn't all sunshine and rainbows. But the reason we started all this was to HELP those people. You're trying to reach people, so you have to be in a place where you're able to interact with them and care for them.