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Finances

Are You Paying Yourself Enough? Knowing When to Raise Your Salary

We’re hearing a lot about fair wages nowadays, but this issue isn’t just about Amazon and other big corporations. It affects small business owners too — and maybe not in the way you think. In fact, many of us small business owners do a great job paying our employees and contractors fairly because we want […]

Finances

Bookkeeper vs. Accountant: What’s the Difference?

How is a bookkeeper different from an accountant? Which one should you hire to help with your business? Or do you need both? I’ve touched on the differences between bookkeepers and CPAs before, but now it’s time for a deep dive into what each professional can do for your business. A bookkeeper and an accountant […]

Budgeting, Finances, Planning

How to Plan for Maternity Leave as an Online Business Owner

Got a baby on the way? Whether you’re due in a few months or planning ahead for a few years in the future, you’re probably wondering what maternity leave looks like if you’re a business owner. Can you even take time away at all? Absolutely! I’ve taken maternity leave, and I’ve helped several of my […]

Finances

What Does It Really Mean for Your Business to Be Profitable?

Is your business profitable? What does that really mean? Is it having a “six-figure year”? Or meeting another arbitrary revenue goal? Bringing in six figures is great, but if you spend all of that on business expenses, you haven’t made a profit. If you hit your revenue goal but can’t afford to pay yourself, is […]

Finances

Why It’s So Important for Online Business Owners to Understand Their Finances

“I’m not a numbers person.” I hear it all the time from our bookkeeping clients and the people I chat with. I’m a bookkeeper for brand and web designers, as well as a number of other creative online entrepreneurs, and I KNOW so many of you think that numbers are totally out of your wheelhouse. […]

Budgeting, Finances

Should You Save for That Big Purchase — or Can You Buy It Now?

This is one of the biggest questions we get from people: “How do I know if I can afford to invest in XYZ for my business?” Whether it’s a part-time employee, an expensive piece of equipment, a conference, a mastermind… expenses will always come up in business. You know you need to invest in your […]