Here's how you can effectively handle your finances as a self-employed professional and small business owner.

Consider setting up your monthly financial reports in a manner that demonstrates benchmarks in your industry to easily monitor where you may be over budget. For example, on the income side, separate out profit centers to see what products and services are bringing in the most revenue to help you expand or double down on those. For the expenses side, group your expenses into 6-7 categories that match industry benchmark standards (eg. Marketing, Admin, Employee compensation, etc) so you can track where you’re overspending - this was a game-changer in our optometry practice.

First rule of business is to know incomes and expenses. Put them on the paper is way to become clear and to easily make track.

Neste aspecto, acho muito importante a separação de conta pessoa física e conta pessoa jurídica. Infelizmente, misturar rendimentos é um hábito comum em pequenos empreendedores e isso dificulta muito na clareza sobre o que ocorre no financeiro da empresa , na hora de cumprir com as obrigações fiscais e entender quais são as despesas fixas, as variáveis e o que realmente é lucro.

Every self employed needs to have financial literacy if they whona to run business. Bisade ccountant everyone who run business needs to take cake of papers.

A minha orientação para que minhas clientes economizem com impostos da categoria MEI é o pagamento do DAS-MEI em dia, evitando juros e multa pelo atraso, enviar a declaração anual de faturamento dentro do prazo, para evitar a multa pelo descumprimento e inaptidão do CNPJ. Além disso, a emitirem notas fiscais quando forem obrigadas para evitar o pagamento de multa pelo descumprimento dessa obrigação fiscal. Fazendo isso é possível economizar e ficar em dia com a lei e Receita Federal.

It is important to separate the expenses and income as a small business owner. In retrospect, what I am saying is that it's up to you and requires discipline and focus. Failure is part of the process, however, never lose sight of the ultimate goal in your pursuit of independence. Establishing a good working relationship with your bank is paramount and should include weekly, daily, monthly deposits or transactions that will help in establishing credibility. This will also give your insight on your cash flow, which is the only thing that keeps a small business going and growing. Good help is required, someone trustworthy that share in your dreams to grow the company and lend support; otherwise, it becomes a one-man job.

Having a overview on monthly in flow and outflow gives you perspective of cash flow. Keeping track of all expenses and managing any expenses which is not required or can be delay is a wise way to manage cash flow, keeping track. Any expenses which are not adding to growth of business needs to evaluate and checked if needed to be part of your business. Having the overview of outflow and inflow helps to make an informed decision on further investment and expansion.

O monitoramento do fluxo de caixa precisa ser diário para evitar o descumprimento de obrigações , reembolso, entender a saúde financeira da empresa. Podendo ser aliados nesse controle de fluxo: a planilha, papel e caneta, aplicativos contábeis. Não importa como, o importe é registrar o que sai e o que entra para que dessa formas melhores decisões sejam tomadas, de acordo com a realidade financeira da empresa.

It is said " To earn money, one need to spend money". Spending money, investing in business or self growth is important for scaling up any business. However, one needs to have an overview of cash flow in order to decide how much one can invest. Setting target like 10% of profit or X amount of money I invest in further business that can be training, upgrading equipment, upgrading the space, simplifying processes. These are necessary things for business growth

Quem não senta para aprender não está apto a levantar para ensinar ou servir. Entendo que o conhecimento aplicado transforma vidas, pois mudou a minha. E que empreender é um ato servidão...servir ao outro com aquilo que eu sei fazer de melhor e que atenda a um desejo ou necessidade do outro. Portanto, para que haja crescimento pessoal e empresarial é preciso investir em conhecimento, networking, cursos, imersões, equipamentos, serviços. Tudo aquilo que ira agregar ao desenvolvimento geral.

So often business owners have a lack of retirement assets outside of their company. They know their business, and feel that the dollars they have are best spent reinvesting in improving the company. This can pay off but diversification wins the majority of the time. Concentration risk can be significant if you don’t take some of the chips off the table while things are going well. Tough times come when you least expect it.

It's extremely important for young people to learn about retirement planning. Delaying this can have a significant cost. Starting to save at a young age allows you to contribute a smaller amount of money and can lead to greater savings. It's important to do your research early and fully understand retirement concepts by seeking advice from professionals before making any decisions. Make sure to set aside time to learn more about retirement. It's worth the investment.

Integrate big-business strategies with the personalized touch of a small business. This will help position you for growth and success.