7 Reasons Why Finding a Bookkeeper is Like Dating
Finding a bookkeeper is a lot like dating. Here’s how to find a bookkeeper you can trust, spot the red flags early, and pick the right fit for your business.
How Much Should I Pay Myself When I Own My Own Business?
One of the questions I get asked most is, “How much should I pay myself in my business?” The honest answer: there’s no single clear-cut number. But there is a simple, repeatable method for figuring out your number — and this post walks you through it. First, a pet peeve I have to get off … Read more
How to Raise Your Prices
You picked your prices once, probably in a hurry, and now they feel wrong. But figuring out how to raise your prices isn’t really a math problem. You already suspect the number should be higher. The hard part is saying the higher number out loud without your voice shaking. That flinch is normal. Nobody sat … Read more
Do you have the right business model for your Business?
Most people pick a business model by accident. You start doing one thing, a client asks for another, you say yes, and two years later you’re running four offers that don’t fit together and wondering why the money still feels tight. Choosing the right business model for your business isn’t about copying whoever’s loudest on … Read more
How Your Money Relationship Affects Your Business Finances
Your money relationship shows up in your books whether you want it to or not. The way you feel about money, the story you tell yourself about it, the things you avoid — all of it ends up on your bank statement and your profit and loss report. The link between your money relationship and … Read more
How to Use the Mass Payment Feature of PayPal
If you pay affiliates, contractors, or a batch of people all at once, sending each PayPal transfer by hand is a waste of your afternoon. The PayPal mass payment feature — now called Payouts — lets you send money to a whole list of people from one file upload. You build the list, upload it, … Read more
How to Keep Your Business Spending in Check
There’s a course, a coach, a template, or a shiny new tool for every problem your business has. Some of it is worth the money. A lot of it isn’t. And when you buy on impulse every time a sales page gets to you, your bank balance takes the hit while your revenue stays flat. … Read more
7 Types of Buyers that You Encounter in Your Business
Every service business runs into the same cast of characters. You sell a course, a coaching package, a one-off audit, some templates — doesn’t matter. The types of buyers who show up are surprisingly predictable. Once you can name them, you stop reading their behavior as a personal referendum on you and start selling to … Read more
Ready for a Financial Year in Review?
One of the best ways to see how your business is actually doing is to sit down and do a financial year in review. I say it all the time: you need to look at your numbers regularly to plan. But looking at last month’s revenue isn’t the same as stepping back and asking what … Read more
When do You Have a Business for Tax Purposes
You spent money on a logo. You bought a course. Maybe you set up a website and paid for some software. But you haven’t made a dime yet. So do you actually have a business, or do you just have an expensive hobby? This is the hobby vs business taxes question, and the answer changes … Read more