So I want to share with you the importance of keeping your business organized. I know it can be hard and overwhelming. The truth is, you may not always be caught up on filing or caught up on your emails or due dates. However, we at least need a system so that we try to keep things in order. So I have a few questions for you. How do you want to keep your files or receipts? Do you want to scan them and keep the electronically? Are you going to take a picture and upload the file from you phone and keep it in the cloud. Or will you keep paper copies organized by year and month in a file cabinet? How often a month will you keep track of you analytics or bookkeeping? Is it daily or will it be weekly? What time and what day?
I want to share 3 common mistakes entrepreneurs make. These mistakes can be avoided by simply consulting with a professional before you start your business. I’ve notice we feel like we can slack the first two years of our business. The down fall to that is, you create some bad habits that are hard to break. So here are so common mistakes I don’t want you to make. If you are doing these things in your business, don’t trip or panic. Just learn from your mistakes and do better.
Most of us start a business so that we can have additional income or so the business can pay us. Rather that is full-time or part time. I hope that your goal is to make money. If not, why are you in business? You are in business to not only share your gifts and talents but to also get paid for them.
So, the most common business entity to start is usually an LLC. Many people start as an LLC because it is one of the simplest entities to run that provide asset protection to owners.
What many people don’t know, is that members of an LLC cannot pay themselves a salary or expense out their time spent in running or building the business.