Business

How to Manage Your Money as a New Entrepreneur (Part 4): Tracking Income & Expenses

How to Manage Your Money as a New Entrepreneur (Part 4): Tracking Income & Expenses

When it comes to managing the money in your business, you want to ensure that you are tracking your income and expenses like you once tracked down the name, age, and shoe size of the girl your ex started dating.

Why?

Because you want to have enough cash to fund your business AND pay yourself.

Know what service is making you the most money and what you should send packing.

See where you’re overspending.

How to Manage Your Money as a New Entrepreneur (Part 3): How Should I Pay Myself?

How to Manage Your Money as a New Entrepreneur (Part 3): How Should I Pay Myself?

You hustled, created a kicka$$ social media strategy, pitched to some clients, and now have money flowing into your business. But how much of that should you actually be funneling back to you?

Great question. But what most entrepreneurs don’t realize is that this isn’t just a matter of determining how much to pay yourself.

It’s also discussion on how to go about making those payments.

How to Manage Your Money as a New Entrepreneur (Part 2): What Taxes Do I Have to Pay?

How to Manage Your Money as a New Entrepreneur (Part 2): What Taxes Do I Have to Pay?

Struggling to determine which business taxes you have to pay, when those business taxes are due, and how to maximize your deductions to save the most come tax time?

I’m here to simplify it all for you.

Taxes can be confusing, but this post will help you understand the basics so that you ensure you a) stay legal and b) hopefully save some substantial money (tax-planning strategies are a real thing, lady! I use them every year to help keep more in my pocket and less in the government’s).

How to Manage Your Money as a New Entrepreneur (Part 1): Which Business Structure is Best for You?

How to Manage Your Money as a New Entrepreneur (Part 1): Which Business Structure is Best for You?

Taking the leap into starting your own business can be…well…scary. Intimidating. Nerve-wracking. All of the above.

I remember battling the, “Am I even good enough to do this?” negative voices in my head. Along with the, “Is this really what I want to do?” and “Will I even like being an entrepreneur?” questions because, you know, our mind clings to the comfortable and avoids anything unknown. We’re a species of survival, you know.

But it can also be exhilarating. And rewarding. And challenging in the best way possible.

what to do with excess money in your business

what to do with excess money in your business

While many entrepreneurs are simply focused on making enough money to support their biz and pay themselves, you have graduated to the point where you have more than you know what to do with.

Great problem, sister.

However, you want to ensure that all the work you put into earning those dollars isn’t for naught. Excess cash in the bank isn’t a free pass to start upgrading to first class or renting out office space you don’t need.

It’s a chance to start building even more financial freedom for you and an opportunity to scale your income to the next level.