How To Best Manage Your Business Finances (with Sylvia Inks)

How To Best Manage Your Business Finances (with Sylvia Inks)

Manging your life has something in common with managing a business—money. You have to manage money when you own a business.    But business finances are a little different than personal finances. There are things to consider, like paying quarterly taxes, bookkeeping, and keeping your personal and business finances separate. If you haven’t done it before, it can be easy to get off on the wrong foot. Even if you’re seasoned at managing your business finances, there may be some ways you could improve.   Today my guest is the lady I call when I have a business finance question, Sylvia Inks. In this show, she’s here to discuss how to best manage your business finances.    If you don’t know Sylvia, she’s a business financial coach and founder of SMI Financial Coaching.  Her bestselling book, Small Business Finance for the Busy Entrepreneur – A Blueprint for Building a Solid, Profitable Business, has helped new and seasoned business owners get organized, use the right tools to manage their finances, make better business decisions based on their numbers.  

Managing Business Finances Episode Details

 
  • How to manage money the beginning
  • The best method for setting up business banking
  • The four bank accounts you need
  • Accounting tools to use (Quickbooks)
  • Scheduling financial admin days
  • Creating a plan for paying yourself
  • Mistakes people make with their finances and how to avoid them
  • Prices your services and products properly
  • The importance of understanding your break-even point
  • Balancing spending money and making money
 

Business Finances Show Resources

   

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