Creating healthy boundaries in your business is vitally important for entrepreneurs. We need to create and enforce boundaries around our money, time, and energy, so we don’t end up burnt out or resentful of our customers, vendors, and fans. Every once in a while I open up one of the trainings for my Manage Money Like a Boss Collective membership …
Here are the top 10 money mistakes creative entrepreneurs make when starting their own businesses: Not Getting Your Personal Finances in Order. Why it’s a mistake: If you don’t ensure your personal finances are rock solid, it will directly impact the success of your creative venture. Why? Although we hear financial experts tell us to keep our business and personal finances …
Are you an entrepreneur intent on growing your business and engagement online? Maybe, like me, you’ve noticed how many people love taking quizzes and sharing their results on social media. So, I was intrigued when Interact contacted me to test drive their quiz creation platform. I love the Interact Quiz platform because it’s simple to use and even has …
Today’s episode is “Winning Financially in Your Network Marketing Business!” Your Direct Sales or Network Marketing business can be an excellent vehicle to bring in extra income – IF you do it right. If you don’t, you might end up wasting precious time and energy without much to show for it. Special guest and creator of the Dare to Win at …
Mark Dolfini, the Landlord Coach and author of the Time Wealthy Investor, advises those who want to own and invest in residential rental property. The right way! Mark learned early on, the hard way, how NOT to run a rental property business. In today’s episode, Mark shares his story and reveals the pitfalls beginning and seasoned real estate investors …
401(k), SEP, SIMPLE, IRA… what’s best for me? There are more retirement options for the self employed than you might think! As a self-employed individual, there are many different retirement plan options to choose from. My special guest, Darren Wurz, of Wurz Financial Services, will clarify the differences and explain the advantages and disadvantages of each so you can decide what …
“How much should I pay myself in my business?” This question always comes up when I’m coaching a self-employed business owner. The short answer is: “It depends!” Yes, it would be nice if I could just give a cookie cutter answer like, “Pay yourself 60% of your profits, invest 10% back into your business, and save 30% for your estimated tax …
Smart financial risk taking is woven into the fabric of the entrepreneurial life. If you’re a risk-adverse small business owner, it’s likely you’ll have ulcers and empty pockets before too long. When it comes to managing your money within your business, where is the fine line between smart financial risk taking and recklessness? Being too scared to invest money in your business is …
I’m quite sure that I can come up with more than four money mistakes entrepreneurs make in their businesses! What percentage of small business fail? 50% of small businesses will not survive 5 years and 70% will not make it to their tenth year in business. How can you beat the odds and ensure that you business not only survives, …