Finance Foundations for Solopreneurs

1h 25mBeginner2019-08-02

Authors

Dan Weedin

Business Continuity Consultant and President of Toro Consulting

Course details

Dive into the foundations of running a one-person business. The course is ideal for individuals working in the on-demand economy including rideshare drivers, photographers, online businesspeople, and consultants. Topics include taxes, business insurance, personal insurance, profit and loss (P&L), working with a certified public accountant (CPA), cash flow, recordkeeping, and even social media marketing. Join Dan Weedin as he shares how to accelerate the growth process of your business, overcome challenges, and enjoy being a solopreneur.

Learning objectives
Foundations of solopreneurs
Profitability as a solopreneur
Maximizing income and revenue streams
Preparing a business plan
Tracking deductible expenses
Using a 1099
Growing your business
When and how to get help

Skills covered

EntrepreneurshipSmall Business and EntrepreneurshipPersona

Concepts

0. Introduction

01 - Working as a solopreneur
02 - Are you a solopreneur

1. Foundations of Solopreneurs

03 - Running a business of one
04 - Taxes as a solopreneur
05 - Choosing a business structure
06 - Preparing a business plan
07 - What about business insurance
08 - What about personal insurance

2. Profitability As a Solopreneur

09 - Understanding cash flow
10 - Recordkeeping as solopreneur
11 - It's not what you make, it's what you keep
12 - Maximizing income
13 - Tracking deductible expenses
14 - Preparing an exit strategy early

3. Filing Taxes

15 - Understanding the 1099
16 - Profit and loss statements and balance sheets
17 - Working with a CPA

4. Growing Your Business

18 - Social media marketing strategies
19 - Blogs, videos, and podcasts
20 - Membership-based revenue stream
21 - When and how to get help

Conclusion

22 - Next steps