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Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow,
Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow,
This podcast helps small business owners manage their finances, covering topics like bookkeeping, accounting software, payroll, cash flow, taxes, and financial statements. Host Chris Panek, a CPA and business strategist, provides actionable advice to build confidence and grow a business. Episodes also explore side hustles and starting a virtual bookkeeping service. The show aims to simplify financial management for busy entrepreneurs.
Episodes
413: Are You Choosing Your Unhappiness Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Is your goal to create more happiness in your life? So many of us are on the search for happiness that we forget about so many of the other emotions that allow us to be the person we are. They allow us to grow and gain a different perspective on life. They allow us to expand and experience our feelings on a much deeper level. If you’ve been thinking you only want to experience happiness, you m
412: Why Your Boundaries Keep Breaking Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
Hey there, I have something that will definitely make a difference in your life within the first 30 days of joining. I know if you’re listening to this podcast, you’re someone who makes big decisions and solves hard problems, and I have a resource that I’m excited to share with you. If today’s topic about why you keep breaking your boundaries resonates with you, I’d love for you to join me in The
411: Avoid Mistakes With QuickBooks Online Bank Feeds Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Automating your transactions is one of the major ways you can save time when you are doing your bookkeeping. By utilizing systems such as QuickBooks Online’s bank feeds, you can definitely save a lot of time rather than manually entering each and every transaction, but the only way you will ensure you have reliable information is to make sure you have it set up correctly. I’ve seen clients who h
410: Being Responsible For Everything Without Burning Out Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
Do you find yourself thinking about things that you can’t control? Rather than spending all that energy, I’d like you to start focusing on what you can control. How you can take responsibility for yourself and everything you do. When you do this, you’ll see just how much power you actually have in your life. Ready to start taking responsibility over what you can control in your life? Let’s di
409: The Hidden Cost Of Indecision Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, Virtual Assistant, Owner, Or Self-Employed
Hey there, I have something that I think will genuinely make your life a little easier. I know if you’re listening to this podcast, you’re someone who makes big decisions and solves hard problems, and I have a resource that I’m excited to share with you, the hidden cost of indecision. Every delayed decision is costing you more than you think. One of the biggest sources of stress I see among acc
408: The Mid Year Bookkeeping Review Every Business Needs Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper VA Owner Or Self-Employed
You started the year off strong, you set all your goals for how you wanted to do your bookkeeping this year, and just like that, it’s June, and now is the time for you to do a mid-year bookkeeping and financial checkup to see how your small business is doing. Time flies by so quickly, and before you know it, we will be flipping the calendar to the month of December. Today, we are doing a checkup
407: How To Lead Yourself Through Hard Seasons Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner Or Self-Employed
Do you understand why we often tend to fall off the wagon or stop working towards our goals when it gets hard? Our natural instinct, or our brain’s way of survival, is to seek pleasure, avoid pain, and conserve energy. It is called the motivational triad, and it’s true for our physical, mental, and emotional needs, and it makes sense that we would want to make sure that we are not hurt, we enjoy
406: The Reason You Feel Overwhelmed May Surprise You Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Hey there, I have something that I think will genuinely make your life a little easier. I know if you’re listening to this podcast, you’re someone who makes big decisions and solves hard problems, and I have a resource that I’m excited to share with you. The Reason You Feel Overwhelmed May Surprise You. If you're like most accountants, business owners, and high-stress professionals I work with,
405: The Easiest Way To Boost Your Cash Flow Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
Cash flow refers to the money moving in and out of your business. When you have a positive cash flow, it simply means that you have enough money to manage the payments of any money that goes out of your business. If you have more money coming into your business than going out, you will have obtained a positive cash flow. Many business owners think the only way they can increase their cash flow
404: What Your Past Is Trying To Teach You Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
Is there anything you’ve experienced in your past that is currently influencing how you live your life? How often do you talk to others about things that happened in your past? Do you let your past dictate how you live your life, or how you think your future will be? Did you know that you have the power to change your past? Your past no longer exists. It is over, but you are able to live in t
403: Success Is Not About How Many Hours You Work Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
When you have your own business, it can be hard to create the work life balance many people only dream of creating. Although having your own business sounds like you are in control of how much and how often you work, you may hear otherwise from many small business owners. Are they working long hours, and do you need to work 24 hours a day, 7 days a week to be successful? If not, how many hours
402: How To Take Control Of Your Habits Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Do you ever question why you lack self-discipline, and wonder if this is something you could improve in your life? Self-discipline is much different than willpower, and when you learn how to improve your self-discipline, you will find that you can get any result you want in your professional or personal life. You can make the decision today to increase your self-discipline so that you can enjoy
401: What To Do In Your First Year Of Business Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner Or Self-Employed
You made the leap; you took the jump, or you stepped off the cliff. No matter how you say it, you are now invested as an entrepreneur and have your very own business. These are exciting times for you. You are finally able to make the impact you have waited so long to make. It is your dream come true, but now that you are there, what can you do to make sure you continue to enjoy your new ventur
400: The Secret To Better Focus And Being Present Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
We live in a world with more distractions than ever before. We have our phones with us almost 24/7, and they alert us and pop up notifications all the time. You may have kids who are constantly asking you for something, or you might be looking at that long list of things to do that causes you to always think about what you are doing next in your life. But, what if you were able to just pause fo
399: How To Choose A Business That Is Profitable Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Home-based and online businesses are popping up everywhere. More and more people are looking to start their own business now more than ever. Whether you decide you want to be a full-time entrepreneur, you are looking for a side hustle gig, or you are a stay-at-home parent looking for some extra income, each of these can lead to an exciting time, but you want to make sure you are taking your time
398: Preventing Self Doubt In High Stressed Professions Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
If you are thinking that once you reach a particular level in your personal or professional life, or when you have achieved a certain amount of success, you’ll automatically stop doubting yourself, I want you to think again. Unfortunately, at each level of your success, you’ll more than likely experience some sort of self-doubt or insecurity, but that self-doubt doesn’t have to hold you back from
397: A Practical Approach To Prepare For Unexpected Expenses Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Accountant, Bookkeeper VA Business Owner Or Self-Employed
We’ve all heard how important it is to have an emergency fund for our personal finances. There may be a time when your car needs repairs, or you lose your job, or maybe you have an unexpected expense pop up. When you have an emergency fund set up, you are able to dip into it when you have these emergencies in your personal life, but what about in your business? Is it necessary for your business
396: The Key To Getting Consistent Results Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever had a really productive time in your life? When you think about being productive, do you think it’s all about what you are doing or producing, or do you measure it with the results you are achieving? Having the ability to decipher between what productivity is all about and why you are thinking you are not being productive is essential to feeling productive. We’re going to talk abo
395: Rewriting Your Story About Money Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant Bookkeeper VA Business Owner Or Self-Employed
How you think about money makes an impact on your small business success. Many of these thoughts stem from beliefs you have had since you were a child. Do you associate earning or having money as being greedy? Do you remember hearing heated conversations as a child and it brings back memories of arguments and feelings of unhappiness, or was the subject of money private in your family and viewed
394: Turning Past Choices Into Present Growth Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper VA Owner Or Self-Employed
Do you have something in your life that you regret? There are a lot of people who are dealing with regret. How are you dealing with regret in your life? Is it something you feel on a daily basis? Is it something that only comes up for you periodically? When you think about your regrets, do you wish you would have done or maybe not done something in your life? If you have something you regret
393: What Not Knowing Your Numbers Is Costing Your Business Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer Accountant Bookkeeper VA Owner Or Self-Employed
Financial literacy is just as important when you are taking care of your personal finances as it is when you own a small business. April is financial literacy month and since this podcast is all about Mastering Your Small Business Finances, it is only fitting that we should talk about how financial literacy makes an impact on your small business. Studies are showing that the financial literacy s
392: Ending Procrastination One Step At A Time Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant Bookkeeper VA Owner Or Self-Employed
Today, we are talking about how you can put a stop to any procrastinating you are doing. You might find you are procrastinating in your personal or your professional life, and I’ve coached many clients who see they are procrastinating in both. Procrastination is simply putting something off. You might be putting off something because you are afraid of how you are going to feel as you do it, or,
391: Is Your Bookkeeping A Mess Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
When you have a small business, it is easy to think you can handle all of the tasks that need to be completed and wear the many hats that come with owning a business. This may be true or even possible when you are just starting your business, but as your business grows and each task starts to take more time, you will find you may not be able to handle everything yourself and may need help. One o
390: When You Are Tired Of Being Tired Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
High-stress professionals experiencing burnout has been a problem that has been increasing over the years due to working long hours, deadlines, and heavy workloads. There are so many individuals who are struggling to find a healthy work-life balance in conjunction with their demanding work environments. Most people relate burnout to physical demands, but it also impacts your emotional and mental
389: Mindset Habits For Successful People Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Much of the success or failure of your business will depend on your business mindset. The process in which you think about things in your business forms your beliefs. When you believe that you will succeed, you will create actionable steps to bring those beliefs to reality. Everything that you think about has an impact on your business, so you want to make sure that you are shifting your mindse
388: The Hidden Cost Of Not Setting Boundaries Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, Owner, Or Self-Employed
Setting boundaries can be tricky, and once you set a boundary, it’s so important to make sure you are following through with the boundary you set. Setting boundaries is not about threatening someone or telling them how they should behave. Setting boundaries is all about following up with your own actions. Boundaries are all about what you will do if someone does something that you don’t give th
387: Virtual Workforce Management For Business Owners Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Your employees or independent contractor expenses are likely one of the highest expenses in your business, and as a smart business owner, you want to make sure you are monitoring these expenses to ensure maximum efficiency. Over the last few years, your business may have had the need to shift to a more remote or virtual workforce. Many business owners think this shift to a remote workforce or te
386: How To Stop Using Food To Cope With Stress Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Self-Employed
Do you ever catch yourself overeating and wonder why? Could it be that you are bored and looking for something different to do, or are you using it as a distraction from a negative emotion like stress? If you want to stop overeating, you need to understand why you are doing it in the first place and then solve this problem. Ready to learn more? Let’s dive in…
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385: Automating QuickBooks For Faster And Easier Bookkeeping Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur Freelancer Accountant Bookkeeper VA Owner Or Self-Employed
As a business owner, you are always looking for ways to save time in your business, but you want to make sure you are not cutting corners in one place and causing additional problems down the road. This holds true when you are doing your bookkeeping as well. I always tell my clients when they are setting up their bookkeeping systems to make sure that they are capturing information that will be h
384: The Secret Skill High Achievers Use To Get More Done Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper VA Owner Or Self-Employed
Have you ever felt overwhelmed in either your professional or personal life or possibly both? Does your overwhelm come from all the things you need to do, which actually causes you to not do anything? Taking the time to learn how to practice constraint may be the solution you are looking for. To practice constraint, it is basically putting a limit or a restriction on yourself that simplifies yo
383: The Missing Mindset Skill Every Business Owner Needs Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper Owner VA Or Self-Employed
When you think about how far you’ve come in your business, do you feel proud of yourself? Most business owners will answer this question by thinking not really or talking about where they need to go in their business as they dismiss the question so that they don’t feel like they are being annoying or overconfident with themselves. It is easy to complete an accomplishment or goal and quickly star
382: How To Unapologetically Celebrate Yourself Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, Owner Or Self-Employed
So often, we are looking for other people to be proud of us, but when was the last time you asked yourself how proud you are of yourself? Do you find that you are consistently seeking validation of how proud others are of you? Did you know that feeling proud of yourself is something you can actually create for yourself? Think about how much more positive your life could be when you don’t have t
381: Why Good Credit Matters And How It Shapes Your Future Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, Owner, Or Self-Employed
Obtaining credit for a business is critical so that they can borrow additional funds if needed. Establishing and building business credit is essential for any business owner, whether they are looking to expand and grow their company with financing or even if they don’t intend on utilizing any financing. By establishing a good credit history with lenders, you can access the capital you need to fin
380: Why You Never Feel Like You Are Doing Enough Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant Bookkeeper VA Business Owner Or Self-Employed
Have you ever found yourself thinking that you are not doing enough? In today’s podcast episode, I’m talking about how you can find out if you are doing enough and why you are always feeling like you are behind. You’ll learn how to know if you are doing enough as well as how you can start getting more done each day. You’ll also learn how you can feel good about the work you are doing and trust
379: Small Business Tax Tips For Stress Free Filing Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
As a business owner, it is important to stay ahead of the curve when it comes to tax preparation. You want to make sure that you are ready for any unexpected decrease in expenses or increases in income so that you don't have any surprises when it comes time to pay your taxes. The rules and regulations change every year, and if you are not prepared, you could end up paying more taxes than necessary
378: The Science Of Smart Decisions Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Do you find yourself in situations where you have to make a decision, and you are worried you’ll make the wrong decision, or once you make a decision, do you spend way too much time second-guessing yourself? Thinking that maybe you should have decided something different? Making decisions is such a big part of our lives. We make decisions every day. Some may be small and seem easy to do, but t
377: Stay Committed To Your Goals When Motivation Fades Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Or Owner
Whether you set goals at the beginning of the year or you have resolutions you have promised yourself you’d do in the new year, now is the time to make sure you are on track so that you can follow through with your goals and resolutions for the remainder of the year. I’m sure that you’ve heard that most people will quit their resolution after just one week. When asked why they don’t stick with t
376: How To Stop Waking Up Feeling Dread Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
If you are like many people that I work with, you are probably feeling dread throughout your days as well. It’s not a bad thing, but what is important is that you are making sure you are dealing with this in the best way possible. I think there’s a misconception that most people don’t have to deal with dread. If you look on social media, you don’t find too many people posting about what they ar
375: How To Delegate And Stop Doing It All Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
When you own your own business, you are always learning something new. Making sure that you have a team to support you where you are lacking skills or lacking the time to devote to certain tasks will not only help you sleep at night, but you will have the confidence knowing that your business is operating at an efficient level. In today’s podcast episode, I am diving into which areas in your bus
374: How To Stop Feeling Overwhelmed Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Overwhelm is something that we’ve all dealt with in our lives. You may have felt, or still feel, overwhelmed in your career, your business, and even in your personal life. It could be continuing to get the education you need for your career, all the tasks you have to get done in your business, or how about all the things you continue to think about that need to get done around your home. When y
373: How Small Habits Create Big Results Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
When you want to be successful, you need to make sure you are taking advantage of every minute of your day. Some people make their success seem so simple. Most successful entrepreneurs follow a routine that they know they can stick to on a consistent basis to get the results they ultimately want to achieve in life and in their business. In today’s podcast episode, I am covering some of the high
372: From Exhausted To Slowing Down On Purpose Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, Owner Or Self-Employed
When you are working in a high-stress profession, it’s important to make sure that you are taking the time your body needs to rest. Are you the type of person who works all the time and never takes the time to rest? Do you think that taking this time to rest means you are being lazy? When you are working hard, you need to make sure you are resting. There may be times when you simply don’t want
371: Closing The Books For Tax Preparation Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
If you have a business or do bookkeeping for business owners, you know now is the time you need to wrap up your year-end financial statements. If you’ve heard the phrase closing the books, this is exactly what it means. You simply make sure you have all your money coming in and money going out of your business recorded and reconciled so that your financial statements reflect accurate data. You
370: Take Back Your Life By Controlling What Matters Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur Mompreneur Freelancer Accountant Bookkeeper VA Owner Self-Employed
Do you ever feel like you don’t have control over certain things in your life? If you are anything like me, you like to know you have everything under control. The truth is that there are a lot of things we can control, but there are also a lot of things that are out of our control. The good news is that even if we find something that is out of our control, we can still control how we react to
369: How To Stop Feeling Anxious About Money Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Or Self-Employed
Understanding your numbers and keeping up to date on your finances is key to the success of your business. When you actively keep a pulse on your business finances, you will certainly make better business decisions. If you are thinking that you are just not a numbers person, you’re not good when it comes to numbers or math, or you are afraid to make a mistake, I want to help you overcome these f
368: Unlocking Your True Desires In Life Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever taken the time to really think about what you truly want in your life? Our lives are busy, and it’s easy to think about things on the fly, but how often do you take the time to really think about it? When I ask my clients what they want in their lives, there are many times that they say they don’t really know. They haven’t taken the time to think about it, and it makes it hard for
367: Build A Budget On Any Income Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
I’ve been getting quite a few messages from business owners saying that they are struggling to create a budget for their business. Some are just getting their business up and running, and others have been in business for a few years. Either way, having a budget for your business will allow you to dictate how you want your money coming in and out of your business to flow. When you don’t have a b
366: Letting Go VS Giving Up On Expectations Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Or Self-Employed
Have you ever found yourself with a full schedule, only to be asked if you could do a favor for someone? Maybe it was someone in your family, a friend, your boss, or your child. It seems like they all need something from you. Part of you might be thinking that there’s no way you could add one more thing to your plate for the day, but you always find yourself taking on the additional task and fi
365: Navigating Your Payroll Responsibilities Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper VA Owner Or Self-Employed
You want to make sure that you have everything done correctly in your business, right? One of the many important year-end tasks is to make sure that you are correctly paying and classifying wages. There are many different entity types that businesses can be set up as, and depending on how you’re your business is set up will determine how you pay yourself as a business owner, shareholder, or offi
364: Stress Less And Live More Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Hey there, I’m Chris Panek, Certified Public Accountant, Certified Coach, and the host of the Mastering Your Small Business Finances Podcast, and today I wanted to create this episode on a topic that the majority of the clients that I work with are struggling with, and I have a feeling you’ll be able to relate to it as well. If you’ve been listening to this podcast for a while, you know that I co
363: Avoiding W9 Form Mistakes Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
The W9 form is an important form, and more than likely, you’ve either had a request for this form or, you yourself may be requesting them from your vendors. This form is used to collect information about others, but knowing in advance that you need to request this information will not only save you valuable time, but it will also give you the information you need to file necessary and accurate do
362: Turn Regret Into Strategic Growth Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever had that one memory that sits in the back of your mind? That thing you wish you’d done differently? Something you didn’t say, something you did say, the opportunity you passed up, the relationship you didn’t repair, or the career move you waited too long to make? Most people don’t just have one regret; they carry an entire portfolio of regrets with them. And if you’re an accountan
361: Differences Between Your Bank Balance And Net Income Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper VA Owner Or Self-Employed
There’s often a misconception when it comes to figuring out what you’ll be taxed on in your business. This is normally referred to as your net income. Many business owners will take a look at their business bank account and think this is the number they will use for their net income or what they will be paying taxes on, but it isn’t an accurate way to look at it, and it causes a lot of problems,
360: Stop Living With Problems You Can Solve Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Or Self-Employed
Have you ever noticed that some problems just move into your life, and it never feels like they’ll ever be solved? They take over your life, and you tell yourself things like, “Ugh. I don’t have the energy to deal with this right now.” So you let them stay in your life. Before you know it, the days you are dealing with these problems turn into months, and months turn into “I guess this is just
359: Navigating Year End Chaos Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Navigating the year-end chaos is often top of mind for many business owners, professionals, and accountants during this challenging time when there is so much to do, not only in our professional lives but in our personal lives as well. During this year-end rush, it’s easy to worry about how you’ll manage the stress and ensure you not only get everything done but also find time to enjoy your holid
358: The Mindset Shift To Overcome Any Challenge Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever woken up, looked at your calendar, and felt that familiar heaviness or weight in your chest? The weight of a problem or challenge that you’ve been carrying for weeks, months, or maybe even years? Maybe it’s a client situation that keeps spiraling, a workload issue you swear you’re going to streamline “when things slow down,” or a personal struggle you’ve gotten so used to that it fe
357: Proven Tips To Maximize Your Year End Success Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
When you think about the end of the year, do you have goals that you’ve set that you still need to achieve? When you take the time to be intentional about elevating your year-end success, you’ll be sure to end the year with a sense of satisfaction, knowing you’ve done everything you could to wrap up this year not only with achievement but also momentum as you begin the new year. In today’s podca
356: The Secret To Feeling In Control Again Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
Have you ever noticed how much time you spend thinking about things you can’t control? Accountants and high-stress professionals tell me things like this all the time. I feel like everything is happening to me. I have no control over my time, or my clients, my team, or my deadlines; all dictate everything I do in my life. And on top of that, they blame themselves for not being able to handle i
355: Simplifying Paychecks Taxes And Payroll Compliance Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
Payroll might not be the most glamorous topic, but it’s a large part of your business if you have employees. If you don’t have any employees yet, understanding how to add payroll to your business will be extremely important. When you have employees, you need to create a process of paying your employees, ensuring they receive their money on time and that you, as the employer, follow through with
354: Determination And How To Stop Quitting On Yourself Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
Have you ever wondered why some people seem to achieve anything they set their minds to, while others start strong, get excited, and then gradually fall off, lose steam, and quit? Why does it look like determination comes so naturally for some people, like they were born with it, while the rest of us feel like we’re pushing a boulder uphill just trying to stay consistent? Here’s one thing that I
353: What High Performing Business Owners Do Differently Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer Accountant Bookkeeper Or Self-Employed
As a business owner, you want to maximize your potential, both in your finances and in your personal growth. Learning how to invest in yourself so that you can become a better business owner is essential to not only your growth but the growth of your business as well. When you grow as an individual, you not only reap the benefits in your personal life, but you’ll notice that your business will b
352: The Secret To Feeling Grounded In Uncertain Times Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Accountant, Freelancer, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever had one of those weeks where it feels like everything is happening “to” you? It could be clients emailing you nonstop, deadlines stacking up, and one unexpected situation after another leaving you feeling like you don’t have any control in your life? If you’re anything like most of the accountants and high-stress professionals I work with, you crave structure. You like knowing what
351: The Ripple Effect Of Burnout In Your Life Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, Owner, Or Self-Employed
We need to bridge the world of business ownership or your career with your personal development. Taking the time to navigate the complexities of being a business owner or having a career while finding balance in your life is important, but when we start to add the complications of burnout, it really starts to leave you feeling exhausted, overwhelmed, and ready to throw in the towel. The question
350: How To Achieve More Than You Think Is Possible Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Or Owner
Let me ask you a question. What’s a goal of yours that you think is impossible? Maybe it’s doubling your income without doubling your stress. Maybe it’s finally creating work-life balance that actually lasts. Maybe it’s something deeply personal like getting in shape, writing a book, starting a business, or stepping into leadership in a way that feels authentic instead of exhausting. We all h
349: Uncover Your Entrepreneurial Strengths Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
Have you ever wondered if starting a business is right for you? Starting a business is both an exciting and challenging endeavor, and recognizing the right time to start is crucial. Determining the right time to start your own business can be a daunting decision. In today’s episode, I help you determine when you’re truly ready to take the plunge into entrepreneurship. I’m discussing five signs
348: Take Massive Action When You Do Not Feel Like It Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper VA Business Owner
You know that thing you’ve been putting off, the one that’s been sitting on your to-do list for way too long? Yeah, that one. Maybe it’s updating your processes, finishing that client project, or even something personal like cleaning out the garage or finally scheduling that doctor’s appointment. Whatever it is, let’s be honest, if you’re procrastinating, it’s not because you don’t know how to d
347: Strategies And Tips To Make Bookkeeping Easy Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant Bookkeeper Owner Or Self-Employed
When you stay on top of your bookkeeping, you’ll feel more confident and relieved knowing you have financial information you can count on to make smart business decisions. When it comes to your business finances and particularly your bookkeeping, I often hear business owners who are feeling overwhelmed and stressed because their bookkeeping has started to pile up, and they feel behind. I know th
346: Success Is Rarely All Or Nothing Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever caught yourself thinking it had to be all or nothing? Like, you’re either doing everything perfectly or it doesn’t even count? Maybe it’s that I’m either all in on this new habit or I’ve failed again. Or I’m either working nonstop or completely checked out. For so many accountants and high-stress professionals, this kind of black-and-white thinking feels normal, even productive.
345: Strategic Moves For The Final Quarter Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Now that we are finding ourselves in the fourth quarter of the year, it’s time to start wrapping up this year on a high note, and I’m here to guide you through the essential steps you should be taking in this last quarter. If you are anything like me, these last three months of the year go by so quickly, and before I know it, January is here, the holidays are over, and it is back to business as u
344: Why What You Have Is Already Enough Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Have you ever noticed that the moment you reach a certain level of success, you immediately start striving for more? That feeling like no matter what you achieve, it’s just never enough? Or maybe you’ve found yourself, despite working hard to build something amazing, sabotaging your own success, which starts to drain your time, energy, and focus in ways that make you wonder, 'Why am I doing this t
343: The Secret To Sustainable Productivity Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner Or Self-Employed
Finding insights and strategies for streamlining your business operations and boosting your bottom line will include maximizing productivity with the workflows in your business. Being efficient will save you time, and since we only have so much time each and every day, you want to make sure you are maximizing all the efficiencies you can in your business. But have you ever thought that once you
342: Stop Caring About What Other People Think Whether You Are Starting A Business Or Side Hustle, Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Or Self-Employed
How much time do you spend thinking about what other people are thinking, specifically, what you think they’re thinking about you? I want you to be honest. How many times have you changed your behavior, dressed a certain way, bought something, or taken (or not taken) an opportunity because of what you imagined someone else might think? Your parents. Your boss. Your kids. Your partner. A neighbor.
341: Automate QuickBooks Bank Feeds To Save Time Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
As a business owner, bookkeeper, or accountant, you want to make sure that you are utilizing your time as wisely as possible, which includes processing your bookkeeping in the most efficient way possible. There are many options for you to do this when you are using a computerized software system for your bookkeeping, but making sure you are utilizing each option to its fullest extent will ensure
340: How To Create Pride On Purpose Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Business Owner Or Self-Employed
Have you ever wondered why so many of us wait for other people to help us feel proud of ourselves? Today, we’re going to talk about pride. What it really is and how you can create pride for yourself, starting right now. If you’re an accountant, a business owner, or any high-stress professional who’s used to chasing approvals from others, it’s time to start creating pride on purpose and be proud
339: Achieving Success Through Consistent Effort Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper Owner Or Self-Employed
You may hear the word perseverance a lot in the world of entrepreneurship, but what does it really mean for you and your business? How have you persevered in your business? How will you stay on course and continue to persevere in your business in the future, no matter what comes up? Persevering is all about being able to stay committed to your goals despite obstacles, setbacks, or failures. In
338: How To Stop Letting Negative Emotions Run Your Life Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Accountant, Bookkeeper, VA Owner Or Self-Employed
Let me ask you something. How often do you find yourself in the middle of a negative emotion like stress, frustration, guilt, loneliness, or even boredom, and instead of just feeling it, you immediately start trying to escape it? Maybe you scroll through your phone, grab some chocolate from the pantry, or you dive into another spreadsheet at work, even though you’re already exhausted. Maybe you
337: Smart Business Moves For Long Term Growth Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Or Self-Employed
Financial growth is typically part of the goals set for many business owners. You can obtain financial growth by letting the strategies and lessons you experience in your business guide you toward not only the growth you want but also prosperity in your business. It takes intention to transform your business aspirations into financial realities, and when you incorporate the strategies I talk abo
336: Learn To Confidently Say No Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Business Owner, Or Self-Employed
Do you ever notice how hard it feels to say no? Maybe it’s when a colleague asks you to pick up extra work even though you’re already drowning in deadlines. Or maybe it’s when a friend invites you to something you don’t want to do, but you say yes because you don’t want to disappoint them. Saying no often feels uncomfortable, almost like you’re letting someone down or being selfish. But what if I
335: How Successful Entrepreneurs Maximize Productivity Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA, Owner, Or Self-Employed
Owning a business, especially as a solopreneur, makes it hard to stay in control of all the tasks you are in charge of within your business. When you lean into boosting your productivity with a few of the productivity hacks I talk about today, you’ll find you can be more productive when you are juggling the many different tasks in your business and even in your personal life. You may be managing
334: Solutions For Stress Triggered Snacking Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Accountant, Bookkeeper, VA Owner Or Self-Employed
Do you ever catch yourself standing in front of the fridge or pantry, not because you’re hungry, but because you’re bored, stressed, or just want a break from everything going on in your life? Maybe you’ve had this thought: “Why can’t I just eat like a normal person?” I hear this from my clients all the time, especially high-stress professionals like accountants, lawyers, and business owners. Pe
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