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New to small business ownership or thinking of starting a business? This episode focuses on 5 key decisions and actions that new entrepreneurs are faced with. If you're new to business and at the very beginning stages, it's likely you've had a whole bunch of questions pop up and you're feeling a bit overwhelmed by it all. What type of business entity do I need? What financial tools do I need to manage my business? And who do I need to think about hiring as I start my business?
There is a free resource along with today’s episode to help keep you on track as you start your entrepreneurial adventures: The Start Smart Checklist for New Entrepreneurs. Just click the link below! https://www.financiallyadjusted.com/startsmart
We cover 5 key decisions/actions in today’s episode. These are choosing an entity type, documenting your costs in the beginning stages, budgeting, any financial tools and systems you might need to set up, and professionals you might need to hire from the start.
There’s a lot to think about in the beginning stages of business, but this breakdown should start you off on solid ground! Be sure to check out some of my affiliate links below related to today’s episode.
ADP: This is a fantastic payroll company that I recommend. I use this in my business and recommend it to clients.
http://accountantprogram.adp.com/accept/?EID=5453c160-167e-4c6b-aedc-893d78fb3f87&type=ShareUrl
Complete Business Group: This is a company/3rd party that offers QuickBooks products at a much better discounted price than if you just purchased directly from QuickBooks online.
https://completebusinessgroup.com/leading-ledger-bookkeeping-llc/
Capital One Spark card: If you have healthy behaviors around spending with a credit card, this is a great one to use and earn cash back. It also links up well with QuickBooks Online. If you have unhealthy spending habits with credit cards, please avoid using one! You need to be able to pay it off monthly and not carry a balance. I use this one for my business and it makes paying bills simple.
https://i.capitalone.com/Jnub3fUEX
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Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.
