Monitor your business
There are endless ways you can take charge of your financial situation, whether you hire an accountant who has experience with self-employed people, or you take a DIY approach and learn the ins and out yourself.
One thing is for sure: No matter how you choose to manage your money, make sure you have a good handle on it. As a self-employed person, it’s up to you to keep, understand, and monitor your business’ finances, even if you have an accountant in your corner.
Below are a few things you may want to consider as you’re setting up your finances:
- Register your business as an LLC, sole proprietor, independent contractor, etc.
- Open a business bank account for profits and taxes
- Create a budget to help plan for expenses and profit goals
- Understand your healthcare options if you live in the US
Money is a common stressor among many self-employed people, so it’s best to tackle the beast head-on from the get-go.
In Part 7 you find out: how to build your first lead channel
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