Are you a business owner? Are you self employed? Is your business set up for financial success?
As a fee-only advisor, I frequently speak with business owners and individuals who are self-employed or contractors. Unfortunately, I have seen many mistakes that have negatively impacted the success of the small business owner.
For instance, improper ownership titling, improper business entity selection, improper tax reporting, poor record keeping, and omissions of favorable tax deductions can pillage profits from the business owner.
While the American dream of controlling your own destiny in the business world is still alive and well, it seems we have a few more hoops to jump through to get there. Taxes may be a bit more complicated. Hard workers and solid employees may be harder to find. Regulations and compliance seem to have a tighter grip on us all. The business environment is not as inviting as days of old.
As with any goal worth achieving, the work may be tough, but the end result is worth all the blood, sweat, and tears. The place to start is at the foundational level.
McDonald’s would not have sold a gazillion burgers if the foundation of the business was not solid. Apple and Microsoft would not have both achieved great success, all while changing our world, if they did not manage their financial picture properly.
Even if you don’t aspire to grow your business to the size and complexity of McDonalds, Apple, or Microsoft, every successful business should be built on a solid foundation. However, many busy business owners struggle with the financial aspect of their business and miss important steps that will help them achieve a more profitable business.
Free Ebook for Business Owners
That’s why I created an free ebook to help small business owners make sure they have a strong financial foundation in place that will allow them to build their business for success. In the ebook, I offer up a number of practical tips to help you set up your finances properly so you can make the most of your business.
Whether you’re a seasoned business owner, new entrepreneur or someone who wants to become self-employed, I think you’ll find this ebook to be a valuable tool for you.
To get the free ebook, just sign up for my financial tips emails. Just enter your email address below and we’ll send you a special link to download the ebook.
I hope you enjoy the ebook and find the tips helpful for you and your business!
Once you’ve read it, feel free to email me your thoughts or share your feedback below. I would love to know what you think. And, if you like what you read, I encourage you to spread the word!