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Advanced Business Information
General
Are you a business? Or is this a hobby? (3:53)
Choose your entity type (10:19)
How to obtain financing (6:31)
What types of financing are available? (8:13)
What do I need to gather when paying a subcontractor, and why? (3:18)
How to make sure you're covered for all taxes (8:04)
How frequently should you check that all of your taxes are covered? (1:54)
Are you able to bring home enough money personally? (6:33)
Do you have 3-6 months of operating expenses (overhead) expenses saved in your business bank account? (4:00)
Considerations when interviewing bookkeepers (10:49)
Considerations when interviewing accountants (9:59)
If we hire Cirque du Soleil as salaried employees will that help us with the year end tax stuff? (4:48)
Donating to charity through my business. How does that work? (4:01)
Organize Your Administrative Documents (2:33)
Good Business Practices
Is my subcontractor a subcontractor, or an employee? (7:04)
I just found out that my subcontractor should really be an employee, now what? (2:12)
Why it's important to maintain atleast three months of operating expenses in your business bank account. (5:29)
What is better? Cash or deductions? (2:43)
Why it might not be the best cash flow decision to pay down cheap debt. (3:45)
Good Books and Records
Why you need books and financials (3:39)
Which financials should you look at? (7:41)
How to read your Balance Sheet (23:23)
How to read your Profit and Loss (7:26)
How to read your Cash Flow Statement (4:07)
Financial Statement Examples: Shoot and Burn Photography (15:17)
Financial Statement Examples: Eyes on the Prize Eyecare LLC (11:03)
Financial Statement Examples: Prestige Worldwide LLC (7:43)
How to create a budget (7:09)
Detailed walkthrough creating a budget (20:04)
Dig into your numbers (2:38)
How to grade your business (4:50)
Know Your Taxes
Ways to reduce your tax bill as a business owner (4:34)
Talk to your tax accountant, more than once a year (3:44)
What is tax-deductible and what isn't? (3:14)
How is a purchase of a large asset deducted? (4:05)
Why are meals not fully deductible? (3:38)
Differences between the meal categories in your books (2:57)
How does business use of home work? (4:11)
How are auto expenses deducted? (4:44)
List of the Most Common Small Business Tax Deductions (7:21)
How much should you pay in quarterly tax estimates? (5:55)
Plan Your Future
When do you hire your first employee? (4:06)
When do you start to pay yourself, and how much? (5:59)
5 years down the line, where do you see yourself? (4:47)
30 years down the line, where do you see yourself? Are you thinking about retirement yet? (5:52)
Types of Revenue Streams
Transaction-Based Revenue (2:29)
Service Revenue (2:09)
Project Revenue (1:58)
Recurring Revenue (2:01)
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How to read your Cash Flow Statement
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