In my experience, there are two kinds of entrepreneurs. Those who worked for other companies, saw the pain points and the selling points, recognized the workflow, value proposition, and decided to take a chance on their own. The other entrepreneur is the one who starts as a hobbyist, one who does
Accounting for Startups
Accounting for startups entails keeping strict (and accurate) financial records and detailed accounts to project the organization's growth. As a business owner, accounting is absolutely vital to discern what trajectory your business is on, so you know what you can afford. If you're trying to do
Calculating Your Startup Costs
The myth: most startups lose money for the first two years.The reality: they don't have to. Failure is good, it's a learning experience. We're meant to embrace it, learn from it, and pivot accordingly. That said, why would you set yourself up for failure? Don't dive into a startup expecting to
Why Is My Business Bleeding Money?
If you're asking this question, I can imagine you feel as though you're in dire straits. It's difficult enough to create a sustainable business, let alone grow while you feel as though your expenses are outweighing your profits. Capital and cash always top the list on every entrepreneur's
Should You Hire Or Outsource Your First Employee?
You've started your business, it's growing faster than you imagined. It's glorious, it's exciting, but now you need someone to pick up the slack. You've reached a point where you can afford to pay someone to start doing the "growing" or to handle your existing clients while you focus on growing.
Adding It Up: A Day in the Life of an Accountant
Anyone who has owned a business or faced a difficult tax situation knows how essential accountants are to avoid financial ruin. While I have no doubt you're familiar with some of the services accountants perform, there's a lot more that goes into accounting than filing taxes and bookkeeping. What
Essential Steps to Successfully Starting a Business
There are numerous factors to consider when you're staring a new business -- especially in Seattle. Washington State has more than a few perks for entrepreneurs, the most important being tax-free revenue. Washington residents are exempt from filing their personal income tax returns within the
How to Get New Clients
Getting your first client is one thing. Keeping your current clients is another. But getting new clients is a different strategy; a different phase altogether. If your business is sustaining itself and you have the bandwidth to get new clients, where do you start? Building a business is a lot like