Business Financial Literacy & What You Need To Know To Maintain a Profitable Business
- E15
- 47:47
- December 2nd 2018
WHAT IS BUSINESS FINANCIAL LITERACY
Every business decision you make in and for your business has a financial consequence.
On this podcast, I will cover the Six Components of Business Financial Literacy.
Please keep in mind that there is no science to these six components. I personally came up with all six based on my experience working with independent contractors, sole proprietors, and micro business owners. These are the areas they seem to struggle with the most.
- Picking the right business structure and why it’s important
- Setting up an accounting system that works for you and your business
- Cash flow management and why cash flow can propel or sink a business
- Budgets, projections, forecasts and the differences between them
- Business credit vs. personal credit and do you need both to borrow funds for your business
- Tax planning and tax compliance
PROFIT AND BEAUTY: A Show For Salon Professionals
This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle.
The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits.
My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.
