Ep 11 - Juggling Business Balls: Creating Systems for Chaotic Entrepreneur Life

Episode Summary:

-Entrepreneurs often feel overwhelmed trying to juggle their business and personal lives. It's important to be intentional about which "balls" get dropped when things get hectic.

-Having systems and processes in place for your business finances is crucial. This allows you to stay on top of things even when life happens.

-Find a record-keeping system that works for you and your business. It could be Excel, paper receipts, or accounting software like QuickBooks.

-Tracking is the foundation - track income, expenses, receipts, etc. so you have the data you need.

-Know your "why" - your end goal for your business. Then work backwards to figure out which metrics you need to track.

-QuickBooks has a lot of tracking features to give you business insights from your data. But any system that gets you the info you need works.

-Consider getting a bookkeeper or office manager for help, especially if finances aren't your thing.

-Take baby steps to improve your financial literacy. Don't get overwhelmed.

-Ask questions and get multiple professional opinions if unsure about financial advice.

Show Notes:

-Have systems in place to manage your business finances even when personal life gets chaotic

-Find a record-keeping method that works for YOU - Excel, QuickBooks, paper, etc.

-Know your end goal, then work backwards to figure out what to track

-QuickBooks has tracking features to provide business insights from your data

-Consider getting a bookkeeper or office manager for help

-Take small steps to increase financial literacy - don't get overwhelmed

-Get multiple professional opinions if unsure about financial advice