Budgeting TIps

When you have a full-time job, you probably notice that the government takes out taxes for all sorts of things, including Social Security and Medicare. Your employer matches those contributions, sometimes referred to as FICA deductions, to complete your contribution. When you are self-employed, you are responsible for those payroll taxes. But when your business […]

2017 Budget

I’m a firm believer that the cornerstone of a successful business is understanding finances. Or, at the very least, partnering with someone who does. That being said, there are several financial lessons business owners (including myself) learn the hard way. In an effort to help you avoid struggling to learn these financial lessons, I’ve decided […]

Emergencies are not a matter of if, they are a matter of when. That’s why business owners need to know how to financially prepare for emergencies. In the wake of Hurricane Irma, I’ve seen a lot of business owners freaking out. They lost money due to not being open. They are learning that their insurance […]

planning for the future

FP&A is business lingo for financial planning and analysis. I spent nearly a decade in FP&A teams at large companies, and spent my days reviewing financial data looking for trends and opportunities. No matter the size of your business, this FP&A role is important for long-term growth and success. However, most startups and small businesses […]

Withdrawing Funds

When you own your own business and have no storefront, very little overhead, and no employees, you can basically keep what you earn. However, if your business starts to grow that could all change. You could find a need for more cash. Figuring out whether or not to pay yourself, and how much, can be […]

cloud accounting piggy bank savings

Having just dealt with Hurricane Irma, I am being reminded of the importance of having an emergency fund. More specifically, I’m being reminded why I need a rather large emergency fund as a freelancer. General financial wisdom says we should have three to six months worth of expenses in an emergency fund. Some older financial […]

woman sales agent

Back in July, I ran a little experiment. Each day, I wrote down sales goals and how much money I actually made that day. A few weeks later, I had a five-figure month and a five-figure launch. This isn’t an accident. Research shows that individuals who write down their goals are 42 percent more likely […]

woman freelancer

While scrolling through my Facebook feed and found a study on freelance writers. That study claims the average freelance writers report earning less than $10,000 a year and the top tier makes $40k. They blame it on lack of work and say finding clients online isn’t effective. This is, of course, mind boggling to me. […]

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