In this episode we talked about:
- The importance of talking to a local CPA about the accounting and the financials for your specific situation and your business
- How my local CPA helped me saved me thousands and thousands of dollars as my business has grown
- The value of separating all of your expenses in your income out of your personal money
- How do you actually deal with the money that's coming in your business
- Few problems you'll encounter if you are not taking any money out of the business
- Why working for free is not a good thing for you and your family
- Make paying yourself a paycheck a priority in your business
- Ideas on how you can pay yourself based on your business income
- Significance of real clear plan
- The frustrations of 'never having enough money for the business to grow'
- Example of a bad system
- How my business allowed me more freedom, steady and reliable income
- Advantages of being organized and being balance with your finances
- Starting your business out of debt or loan
Check out the show notes at http://www.creativemomboss.com/episode020
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