Managing Your Etsy Shop Finances - 020

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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