In case no one has told you lately… … You’re a rockstar!! I know that being an entrepreneur can be a lonely thing to be. Oftentimes, no one cares about your business as much as you do. Sure, others may have put work into it, but your HEART is in it. This is your dream. …
You can use this simple equation to see how much Equity you have in your business! Don’t worry, it’s not as complicated as the picture! 🙂 The Accounting Equation is this: Assets = Liabilities + Equity Assets are what you own. Most of the time, assets are tangible, physical items, like cash, cars, land, and equipment. Intangible …
It might save you money on your taxes! If you own a LLC, you might be able to elect S-Corp status for filing your taxes using Form 8832. (If you own a Sole Proprietorship, you may have to become an LLC with your state first in order to file this form.) Unfortunately, there is no hard …
Do you want to hire, but are unsure of what the process looks like? Don’t get bogged down by the big picture. Like all things, the process starts small and can be broken down into manageable steps. 1. Get a FREE Review of Your Books If you have a set of books already and are unsure …
Do you often wonder if you’re not charging your customers enough? Or that you’re charging them too much? Setting prices was something that always tripped me up in the beginning. Asking for an hourly rate seemed counter-intuitive to me. After all, the more I got acquainted with a business (and the better I got at bookkeeping …
Would you like to see some behind-the-scenes bookkeeping? The Chart of Accounts is a list of all of the different categories that a transaction can fall under in the business. Each business’s chart of accounts looks slightly different, and is tailored to that business’s specific needs. Usually, an account in a business’s chart of accounts …
I learned how to set S.M.A.R.T. Goals from Christy Wright. Here’s how… In order for a goal to be “S.M.A.R.T.”, it needs to be: Specific Measurable Attainable Realistic Timeline Check out Christy’s blog post for specific steps on how to do this. If you’re goals aren’t smart, you might not reach them. Wisen those puppies up! (Also, enjoy …
Are you looking for a cheap way to print your business materials? Even though we live in a virtual world, there are always reasons that you need something printed. For example, you may need business cards, flyers, or stickers that showcase who you are and what you do. The most cost-effective platform I’ve found to …
Are you on my email list? I use MailChimp! (I’m not sure if the monkey above is indeed a chimpanzee, but it was just so darn cute that it made the cut anyway.) Using the free features at Mailchimp (as of the writing of this post, I haven’t paid them anything) I am able to set …
Do you remember what things were like when you started out? Or even what your life looked like this time last year? Take a moment to appreciate how far you’ve come. You probably still have dreams and goals, and you wish they were here yesterday, but don’t get so caught up in the future that …
