Description

In episode 3, we continue our wealth discussion, but with a focus on small businesses. We talk about what drives our entrepreneurial aspirations, the difference between having a job and having a business, and how to set your company up for the long haul. Specifically, we discuss the importance of processes, getting well-acquainted with your finances, succession planning. Finally, we talk about resources for learning about enterprise building if you don't have access to a business consultant, CPA, or financial planner.

Note: We're moving to Mondays! We will still be posting episodes every two weeks, so join us on October 23 for more real money talk.

Mentioned in the show:

• SCORE
• For more information about working on your business vs. working in your business: The E-Myth
• SizeUp, the Small Business Administration's industry benchmarking tool
• Process Management: We use Jetpack Workflow, which is especially for accountants and bookkeepers.. This article has a roundup of other software to help create and manage business processes. Finally Process Street, is another process management program that also has a useful blog with plenty of tips and templates for writing and implementing processes (recommended: How To Create a Process People Won't Hate Using )

Bonus:  Protecting Your Personal Wealth as a Small Business Owner

           Another source of resources for building a long-lasting enterprise: your local public library.