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Financially Savvy Entrepreneur

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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Financially Savvy Entrepreneur

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  1. Welcome! Financially Savvy Entrepreneur

  2. Course Overview Webinar Workbook Q & A Extras Financially Savvy Entrepreneur

  3. 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

  4. 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

  5. Course Goals Financially Savvy Entrepreneur

  6. Creating a Solid Base of Information Financially Savvy Entrepreneur

  7. Software QuickBooks (http://emilychasesmith.com/quickbooks), FreshBooks (http://emilychasesmith.com/freshbooks) & Less Accounting (http://emilychasesmith.com/lessaccounting) Financially Savvy Entrepreneur

  8. Finding & Hiring a Bookkeeper Financially Savvy Entrepreneur

  9. Reports - P&L Overview “Balance Sheet” - P&L Detail or Summary Financially Savvy Entrepreneur

  10. Report Review • 10 minutes, Review • 10 minutes, Circle • 20 minutes, Ponder • 10 minutes, Review • 10 minutes, Notes Financially Savvy Entrepreneur

  11. Entity Considerations Formation Formalities Liability Taxes Fees Financially Savvy Entrepreneur

  12. Entity Choices Sole Proprietorship General Partnership Limited Liability Partnership (LLP) “C” Corporation “S” Corporation Limited Liability Company (LLC) Financially Savvy Entrepreneur

  13. You’re Done with Unit 1 It’s a biggie Financially Savvy Entrepreneur

  14. Unit 2 All about cash flow Financially Savvy Entrepreneur

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