setting up a business paypal account properly

How to Properly Set up a Business PayPal Account for Your Online Business

You’ve finally realized that you really do need to have separate bank accounts for your business and your personal money. It really does just make life so much easier having them separated. And it also makes your bookkeeping for your business that much easier too!  But now you don’t know how to set up your business […]

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How to Use Last Year’s Numbers to Plan Your Business’s Profit

It doesn’t matter if you are planning out what you plan to sell for the upcoming holiday season, for next month, next quarter or next year.   When you look at the numbers from your profit and loss statement from prior months and years to plan for your upcoming months and quarters, you can see where you […]

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Paying Yourself in Your Business

You started your business to make an income, whether it’s on the side or your full time income to replace a corporate job, you are in business to make additional money in your life to pay for your life expenses and enjoy your life even more.   So why would you not make a plan to pay […]

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Do I Need to Have Separate Bank Accounts for my Business?

When you start your own business, do you have to have a separate bank account?   The short answer: yes.   But let’s dive into this a little bit more, plus let’s look at why you need to have a separate bank account for your business, instead of using your personal bank account to receive your business money.  Separate Bank […]

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sales tax 101 for online businesses

Sales Tax 101 for Online Businesses

As an online business owner, you may think that sales tax doesn’t apply to you. That could be true, but it could also be false. It all depends on what you do in your business, where you are located and your state rules and regulations.  Over the past few years, sales tax has been evolving and […]

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when do you do your bookkeeping tasks

How Often & When Should You Be Doing Your Bookkeeping Tasks

Bookkeeping for your business is a task that you really don’t enjoy because it just doesn’t come easy for you. But you know that it needs to be done so that your business can stay successful, because bookkeeping means taking care of your money in your business.   Plus a lot of stress usually comes with taking […]

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how to organize your business finances

How to Organize Your Business Finances

You know how important it is to have an organization system for your business finances. This system is not only important in the case of an audit, but it’s also important that you can easily find anything you need related to your finances when you need it.   Do you know how many times I have been […]

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how to create a cash flow plan

How to Create a Cash Flow Plan for your Online Business

If money isn’t flowing into your business, then you really don’t have a business, do you? Plus, how can your business actually support you if it isn’t making any money?   Businesses are meant to have a cash flow, both in and out.   This means that you need to create a cash flow plan for your business. You’ll […]

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easy business recordkeeping

How to Make Your Online Business Recordkeeping Easy

Running your own business can be fun. You wanted a much more fun career than working for someone else for the rest of your life, right?   But the recordkeeping side of your business isn’t always fun either. And if you aren’t a numbers person, then the recordkeeping side of your business can be a total nightmare!  Unfortunately […]

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controversial pricing opinion

My Controversial Opinion on Pricing in Your Business

There is so much information out there today about setting prices in your business – what you should and shouldn’t do, how to set your prices, etc. But honestly none of that matters when it comes to your business.   First of all, this is your business. You are the one in charge.   Secondly, it shouldn’t matter how […]

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What’s the Difference: Bookkeeper vs Accountant?

I know you’ve asked this before, what really is the difference between an accountant and a bookkeeper? And how can they help you in your online business?   I get this asked this question a lot because it can be hard to understand what the real difference is between an accountant and a bookkeeper.   Your business should have […]

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How to Avoid a Huge Tax Bill When You are Self-Employed

Now that you own your own business, you are responsible for your taxes. One of the fears that I hear about the most is having to pay a huge tax bill when filing your taxes as self-employed at the end of the year.   This is a fear that holds business owners back from really making an […]

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think like a millionaire

How to Think Like a Millionaire

There are three main ways to become a millionaire today: have it handed to you (inheritance), win it (lottery), or work your a$$ off for it and make the money yourself. But it is possible for you to become a millionaire in your lifetime.   Now let me be clear, if you are going to work for […]

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Tips for having a treat yourself day on a budget

Maybe you are trying to save as much money as possible right now. Or you have a boatload of debt that needs to be paid off. Or you don’t make very much money and are living on a tight budget. It doesn’t matter what your financial situation is, but sometimes you really just need to […]

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Ways to Make an Extra $1000 a Month

Who couldn’t use an extra $1000 a month? But when you work a salaried job, you are limited in how much more money you can make.   So you have to resort to other options to make the extra money that you need.   But before you can really start making the extra money, you need to define why […]

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Tips to start and build up a Business emergency fund quickly

You know all about building an emergency fund for your personal expenses, but what about building an emergency fund for your business? Why would you want to build a business emergency fund?  ​ What if something were to happen to you and you couldn’t work in your business? Usually if you are working for an employer, you […]

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how to spring clean your finances woman cleaning

How to Spring Clean Your Finances

Spring cleaning is a popular task for most people with their homes because you can open up the windows and air things out again. But honestly it doesn’t matter when you do spring cleaning of your home or your finances.   The more important thing is that you do it.    So why don’t you also work on […]

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how to set prices in your business so you don't go broke

How to Set Your Prices So You Aren’t Broke

Small business owners are always hard pressed for learning how to set their prices in their online businesses. Being completely honest, setting prices can be either really easy or really hard. But for your online business, you need to learn the art of setting prices or you will go broke and your small business will […]

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broken piggy bank emergency fund emergencies keep happening

I’ve Built My Emergency Fund, Now Emergencies Keep Happening

Have you built your emergency fund to an amount you are happy with? And now that the money is just “sitting” there, emergencies happen so that you have to spend this money?  Your car breaks down and fixing it costs 75% of your saved emergency fund. ​Or your refrigerator just quits working and you need to go […]

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money mistakes business owner needs to avoid

Big Money Mistakes Every Business Owner Needs to Avoid

Money mistakes are pretty much inevitable. They are going to happen. But they are going to happen because no one is perfect. But when you own your own business, there are some money mistakes that every business owner needs to avoid.   When you avoid making these big money mistakes in your business, then you just may […]

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