It’s not enough to just make money! There is absolutely no point in making more money if you don’t have a system in place to PROFIT off of that money. The real power is in your profits. And if you don’t have a plan to make 2019 your most profitable year yet, you’re about to waste a lot of money. Welcome to your guide to making 2019 your most profitable year yet!
Part 3 of the Bookkeeping 101 series! Once you conquer the initial learning curve and backlog hurdles, maintaining a clean bookkeeping system can actually become a really low-energy, habitual process. So today, let’s take a look at exactly what a typical monthly bookkeeping routine looks like, so you can check off every box and know that you’ve done your duty this month.
Part 2 in our Bookkeeping 101 Series! One of the biggest hurdles that gets in the way of entrepreneurs and their bookkeeping is getting started. And it makes sense. Getting started with a new system is always a daunting task! In this post, we’re going to go over what you need to know to get started with your bookkeeping TODAY!
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.
Lost with your bookkeeping? Learn the super simple yet effective way that accountants check the accuracy of their financial records - bank reconciliations!
Struggling to ensure the accuracy of your business' finances? Learn how to reconcile your bank account and troubleshoot when the numbers don't add up!
We should all expect income reports to share useful, accurate, and honest information. Whether you write the reports or read them, it's so important to understand just how these income reports can go wrong - and what to do about it!
You want your online business to be a real business. You want it to grow profitable and successful so it can provide for you and your family and free up your future. You want to do this right! So let’s learn how to add one high-impact activity to your calendar: A Budget Meeting.
Income Statements aren't scary. They're simple, they're informative, and they're a powerful tool for your business decision-making. And, believe it or not, you owed your blog a proper Income Statement the exact month you first spent money on it.
Perhaps you're wondering, "what the heck is a business finance coach?" Then you're thinking, "in what circumstance would I want to pay for that?" I get it, business finance is not a hot topic in the creative blogging entrepreneurship world. Which is precisely why we need it so badly.
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?
With Father's Day on the horizon, I saw it only fitting to dedicate a space on my little corner of the internet to my hero. And your soon-to-be-hero. Because my dad rocks. My dad’s a multi-passionate leader who taught me how to be a creative… and he’s got a lot to teach you today!
Mother's Day is coming up, so what better way to celebrate on a blog about business than to honor the business lessons I learned from my mom? And, since it's also National Nurse's Week here in the U.S., we can double this blog post up as business lessons learned from my mom, who is also a nurse. And trust me, there's a lot to learn.