5 HABITS TO A FINANCIALLY HEALTHY BUSINESS
Welcome to the 5-day videos series, 5 Habits to a Financially Healthy Business, where each day I’ll give you one habit that will help you stay organized and keep simple track of your numbers.
These habits will help you save time and money and see how your business is really performing so you can set goals, measure them, and crush them.
Day 1: Separate Business & Personal Funds
Today’s habit is all about separating your business and your personal funds.
This is the #1 tip to keeping it organized.
It helps you put all of your business income and expenses in one simple spot. It’ll save you money because it saves you time.
Click below to watch the whole video!
Day 2: Simplify the Way you Get Paid
Today we're going to be talking about simplifying the that you accept payment from your customers.
Many businesses accept any form of payment that their customer asks them for just to be very accommodating.
This can end up over-complicating your record keeping and costing you time and money.
Click below to watch the whole video!
Day 3: Track Your Miles Electronically and in Real Time
Today we're going to be talking about a way that you can actually put money in your pocket.
You need a mileage log if you're claiming business miles, whether you're taking the standard mileage rate (which is now 58 cents per mile, meaning that each 2 miles you drive for business gives you more than a dollars worth of a deduction and really adds up at the end of the year) or if you're taking the actual method.
Click below to watch the whole video to learn how to do this simply!
Day 4: Use a Free, Paperless System for Receipts
Today we're talking all about receipts.
What you need to keep track of, how to keep track of them, and what they're really for.
Click below to watch the whole video!
Day 5: Monthly Bookkeeping
Today we're talking about the easiest way to quickly see how your business is really doing, and that's through bookkeeping.
That may sound scary, overwhelming, or expensive, but it really isn't.
Click below to watch the whole video and learn my favorite picks, how cheap it can be, and how it's super powerful game-changing stuff!
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