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

How often do you find yourself feeling a negative emotion?  What do you find that you do whenever you have these negative feelings?  Do you find yourself negotiating with yourself when you feel a negative emotion?  Do you do something to resist your negative feelings that don’t ultimately get you what you want in your life?  You can manage these negative feelings and get what you want in your life...

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...

When I ask my clients what they want to improve in their lives, I often hear that they want to be happier or feel better.  There may be other things they say, but all in all, almost everything leads to them wanting to live a happier life.  Take a second and ask yourself what you’d like to see improved in your life.  Does it ultimately make you feel happier?  Ready to learn how you can feel better...

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...

Have you ever had a situation when you felt uncertain about how it was going to go?  Maybe you are in a situation similar to this right now.  Whenever there is a circumstance in our lives that we think is causing us to feel uncertain, it is possible to bring a sense of certainty to the situation, even if you are currently feeling uncertain about it.  Ready to bring some certainty to something you’...

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...

Are there things you’d like to accomplish in your life, but you find you are just not taking the action you need to achieve these goals?  I understand how frustrating this can be.  I hear my clients tell me all the time that they wish they could just follow through with the actions they need to take.  They know what they need to do to accomplish what they want, but they find themselves just not ta...

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...

Is there a problem you are dealing with in your life and you are just not sure how you can create a solution for it?  Do you find that you think it is too hard to problem solve so you live your life with this problem every day?  We all have the ability to solve our problems and when we do, it can actually create opportunities that will help us live the life we truly want.  Let’s dive in… Learn abo...

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...

Whether you are making a plan, trying to manage your time, or simply honoring what you want in your life, saying no often seems as if it is hard to do, but what if you were able to start saying no to others, and it was easy?  If something doesn't work with what you originally wanted in your life, it’s okay to say no, and you can actually say no in a graceful way that is not only beneficial for you...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...

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...

Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and I want to welcome you to this new series I’m doing on this podcast.  My intention is to drop one of these additional episodes every Monday while I continue to provide you with the regular Mastering Your Small Business Finances podcast episodes, which wil...