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
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
Introduction
- Working as a solopreneur
- Are you a solopreneur
Foundations of Solopreneurs
- Running a business of one
- Taxes as a solopreneur
- Choosing a business structure
- Preparing a business plan
- What about business insurance
- What about personal insurance
Profitability As a Solopreneur
- Understanding cash flow
- Recordkeeping as solopreneur
- It's not what you make, it's what you keep
- Maximizing income
- Tracking deductible expenses
- Preparing an exit strategy early
Filing Taxes
- Understanding the 1099
- Profit and loss statements and balance sheets
- Working with a CPA
Growing Your Business
- Social media marketing strategies
- Blogs, videos, and podcasts
- Membership-based revenue stream
- When and how to get help
Conclusion
- Next steps