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Welcome!. Financially Savvy Entrepreneur. Course Overview Webinar Workbook Q & A Extras. Financially Savvy Entrepreneur. Unit 1 - The WHY - Creating a solid base of information - Software comparison and recommendations - Finding and hiring a bookkeeper - Reports - Report review
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Welcome! Financially Savvy Entrepreneur
Course Overview Webinar Workbook Q & A Extras Financially Savvy Entrepreneur
Unit 1 - The WHY - Creating a solid base of information - Software comparison and recommendations - Finding and hiring a bookkeeper - Reports - Report review - Entity selection Financially Savvy Entrepreneur
The WHY “While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues... In other words, they don't have the financial literacy to scale their businesses and attract investors.” – Daymond John, August 2013 [see links] Financially Savvy Entrepreneur
Course Goals Financially Savvy Entrepreneur
Creating a Solid Base of Information Financially Savvy Entrepreneur
Software QuickBooks (http://emilychasesmith.com/quickbooks), FreshBooks (http://emilychasesmith.com/freshbooks) & Less Accounting (http://emilychasesmith.com/lessaccounting) Financially Savvy Entrepreneur
Finding & Hiring a Bookkeeper Financially Savvy Entrepreneur
Reports - P&L Overview “Balance Sheet” - P&L Detail or Summary Financially Savvy Entrepreneur
Report Review • 10 minutes, Review • 10 minutes, Circle • 20 minutes, Ponder • 10 minutes, Review • 10 minutes, Notes Financially Savvy Entrepreneur
Entity Considerations Formation Formalities Liability Taxes Fees Financially Savvy Entrepreneur
Entity Choices Sole Proprietorship General Partnership Limited Liability Partnership (LLP) “C” Corporation “S” Corporation Limited Liability Company (LLC) Financially Savvy Entrepreneur
You’re Done with Unit 1 It’s a biggie Financially Savvy Entrepreneur
Unit 2 All about cash flow Financially Savvy Entrepreneur