IE 19: Importance of Financial Records for your Online Business with Iyanna Vaughn
Are you an online business owner trying to keep your finances organized? Your financial records as an online business owner are the key to your success.
We’re chatting with Iyanna Vaughn of iyanna.co all about how to keep your finances organized throughout the year in order to understand the profit that your business is bringing in.
Be sure to take advantage of Iyanna’s Price Calculator to make sure that you are charging what you are truly worth. Book your Strategy Session with Iyanna today!
Topics Discussed:
- Introduction of Iyanna Vaughn of iyanna.co
- Pivoting to focus in on your niche
- Toughest part of starting a business from scratch
- First step to take today for financial success within your business
- Understanding a Profit and Loss statement with it streamlined full diversified streams of income
- How to cut costs on expenses from FOMO {Fear of Missing Out}
- Percentage to put aside for taxes
- Making sure to pay yourself
- When is the right time to invest to scale your business
- Processes in place in order to grow your business with team members
- Software to handle finances
- When is the right time to hire a bookkeeper
- How to price for services and products
- Projections for 2017
Resources Mentioned:
I make a portion of any sales made as an affiliate.
- Influencer Entrepreneurs Masters Program
- Profit First by Mike Michalowicz
- Working with Brands eCourse
- Wave for bookkeeping
- Xero accounting software
- Pricing Calculator
- Business Boutique
- 5 Steps to Best Managing your Money
- Strategy Session with Iyanna
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