Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

If you have a business or do bookkeeping for business owners, you know now is the time you need to wrap up your year-end financial statements.  If you’ve heard the phrase closing the books, this is exactly what it means.  You simply make sure you have all your money coming in and money going out of your business recorded and reconciled so that your financial statements reflect accurate data.  You...

There is a lot of talk about belief this time of the year, but I feel like belief is such a vital part of having a side hustle or being a solopreneur.  You’ve heard me say dream big, follow your heart, and love what you do before, and we are going to talk about how belief is such an essential aspect of not only dreaming big, but also reaching your goals, creating the business you desire and gettin...

The great danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.  I love this quote from Michelangelo.  It really puts into perspective how important it is to not only set goals but to make sure that you are setting goals that make you reach a little further than you’d normally reach so that you can achieve those goals...

Everyone is looking for the secret to success in their life, business, or both.  If you want to be successful, you’re more than likely working towards each of your desired outcomes or goals.  You’re looking to find the motivation or simply what you need to do to continue to move forward in the direction to reach your ultimate work-life balance.  In this special podcast episode, I have a little som...

To have a successful and profitable business, you’ll need to make sure your journey includes having a solid foundation for your business.  This foundation is much more than just having an amazing idea for your business; it’s broken down into sections that are important to make sure you are mastering each of them so that you don’t have one area of your business that you are not strong in which coul...

When you have a business, you most likely have a vision for your business.  If you are like many business owners, you think about your business the majority of your time.  You think about the products and services you offer or want to offer, you think about your ideal client, you think about how much money you want to make, and you think about how you want to grow your business.  So why does it se...

Whether or not you feel you have control of your business finances, you want to make sure you are doing everything you can so that you can end this year in control.  These next few weeks will fly by so quickly, and before you know it, you’ll need to gather all your financial information to prepare your tax return.  In today’s podcast episode, I’m talking about how you can make sure you are in cont...

When you start your business or side hustle, your goal is more than likely to become successful.  But what makes your business a success?  Do you think that bringing in considerable amounts of sales or revenues determines your business’s success?  Is it the number of clients or customers you have?  It’s easy to listen to other business owners talk about how successful their business is, but how of...

Starting a side hustle can be overwhelming unless you take the right steps, make sure you are covering all the necessary requirements, and understand what the demand is going to be on not only yourself but your lifestyle as well.  There are many points to consider, and the more that you can review these before jumping into you’re your side hustle, the better off you will be.  In today’s podcast ep...

A side hustle or side gig simply means you are taking on additional work outside of your regular job.  Having a side hustle can be a great way to earn some extra income, and how much income you make in your side hustle depends on what you put into your side hustle.  In today’s podcast episode, I’m covering some of the top side hustles you can jump into to help you make money in your spare time.  E...

People start side hustles for many reasons, but one of the top reasons is so they can make additional money.  With the cost of living rising, many people are looking for additional ways to make ends meet since the income they are getting from their job isn’t meeting all of their needs.  On average, one in three people has a side hustle.  In today’s podcast episode, I’ll walk you through what side...

There’s nothing wrong with wanting to do everything in your business.  When you finish each project, you love that feeling of accomplishment.  But when you start to fall behind or know you are not doing something as well as you should, you may start wondering if it is something you should continue doing.  This is true when you are doing your own bookkeeping for your business, and in today’s podcas...

Most business owners typically do their own bookkeeping when they first start their business, but a question I often receive is when should I be getting help with my bookkeeping.  The help that a business owner can get from a bookkeeper, accountant, CPA, or tax preparer can vary, and the level of expertise and amount of time required varies as well.  The main point here is that all business owners...

When you own a business, you know you need to have your bookkeeping under control.  There are many options available to have up-to-date bookkeeping, but you may be wondering which solution is best for you and your business.  In today’s podcast episode, I am covering what you should be looking for in a bookkeeping solution and if QuickBooks is the best solution for your business.  I’ll discuss the...

There are many things to consider when you are thinking about doing your own bookkeeping for your business.  The main things to consider are your knowledge and your interest in bookkeeping.  If you’ve been debating about whether you should do your own bookkeeping for your business, or outsource it to someone else, right now is the time that you need to make a decision and begin moving forward.  In...

Reconciling your accounts will make sure you have all your transactions accounted for each month, but when you have transactions that have not cleared the bank, you need to make sure you are taking care of these as well so that you don’t have incorrect data in your financial statements.  It’s important to clean these items up in a timely manner so that you are not over or understating your net inc...

To ensure your coaching business is profitable, you need to make sure you are setting your bookkeeping as a priority.  It doesn’t matter if you are a life coach, business coach, sales and marketing coach, financial coach, weight loss or health coach, relationship coach, or any other type of coach.  If you want your coaching business to be successful, you know you will need to bring in revenues, ma...

Do you dread working on your bookkeeping for your business?  Have you neglected it, and now it seems like a project you’ll never be able to tackle?  We all know how essential it is to have accurate and timely financial statements so that you can make sound business decisions, but your bookkeeping doesn’t have to be dreadful.  If you take some pretty simple steps, you can change your bookkeeping to...

Understanding and having control of your personal finances is extremely important when you have a business.  There may be instances in your business when you need to inject personal funds into the business if you are having issues with your business meeting its cash flow and financial needs.  You need to know if you can indeed afford to put these funds into the business without negatively impactin...

When you don’t have a big budget for marketing, like when you are just getting your business started or you’re not bringing in the sales you originally expected, it’s important to take advantage of low-cost marketing options and marketing you can do on your own.  The good news is that as a business owner or solopreneur, you know everything about your business.  You know all the ins and outs, you h...

As a business owner, you want your business to be successful, and that may mean growing your business or maybe even scaling your business.  There are many business owners who think that growing and scaling your business are the same, but in fact, there are some pretty significant differences.  In today’s podcast episode, I am walking you through the differences between growing and scaling your bus...

We are all given the same amount of time each and every day, and what you do with it is ultimately your decision, but if you are wasting your time on something that isn’t helping you reach your goals or the level of success you are looking for in your business, it’s time to really take a look at where your time is being spent and make some changes.  In today’s podcast episode, I will not only poin...

Starting your own business and making sure you are profitable is a dream many of us have.  Determining whether you will be an entrepreneur or a solopreneur is one of the first things you should consider when starting your business.  Many people believe these two are the same, but there are some pretty major differences between the two.  In today’s podcast episode, I will walk you through not only...

When you are utilizing a computerized software system to do your bookkeeping, it will save you time if you are taking advantage of all the bells and whistles it has to offer, but how do you know that everything is getting classified in the proper accounts?  One of the tradeoffs you have when you are using functions such as bank feeds and automatic data entry is that you need to make sure you are r...

A leader is someone who has a strong vision and leads a group of people or a team towards that common goal through inspiration and motivation.  Knowing what motivates you as a leader, as well as where your strengths and weaknesses are within your leadership skills so that you can continue to learn and improve these skills, will ultimately help you become the successful leader you aspire to be.  Th...