How to Start a Business – Part Three
You have made it all the way to Part Three! You can catch up on One or Two if you missed them. In this post we will be going over some great ways to keep yourself organized and some things you will want to keep track of for tax purposes. I will also fill you in on some of my favorite site for creating graphics and finding photos.
Accounting and Timekeeping
There are multiple ways to track your income and expenses. I use Wave and really love it. The interface is simple, I can invoice my customers right from the program and best of all it is FREE!
I have multiple accounts set up to keep track of my multiple businesses. Wave will let you create invoices and your clients can even pay you via credit card right in Wave. They charge you 2.9% plus 30 cents per transaction in the US and Canada. There is no setup fee, and it was as simple to get going as hitting the button to turn it on.
Toggl is the Chrome App I have been using to track my time for my VA clients. It is simple to use and once you set it up in Chrome you can just click the button at the top of the screen and start timing.
It will also integrate with many sites to help you remember to start timing when you do certain tasks, like check your email or use a graphic design site. I also like that it will tell you when you have been offline so you don’t over bill anyone.
I do almost all my graphics in Canva. They have taken so much of the guesswork out of designing great graphics. There are tons of templates, fonts, icons, and photos to choose from.
The basic program is free and if you use one of their stock photos or templates you pay $1 to download the final product and have a further 24 hours to edit it without paying again. I have chosen to use the Pro version that costs $12 a month. With that I can set up brand colors and fonts, create folders and templates.
PicMonkey is another great site that does photo editing. I mostly use this site to resize and tweak photos I have taken myself. They also have tons of filters and effects and you can also add text.
RELATED POST: Three Ways to Create Your Own Logo
List Making and Storage
I have talked already about how I love Trello. I use it for my personal lists, my blog editorial calendar, and doing major brain dumps.
Google Drive is perfect for most of my storage needs. I can upload graphics and photos, write all my blog posts, create spreadsheets and share whatever I need with clients. Dropbox is another option for storing and sharing with clients.
When you get set up as a business there are a few things you will want to make sure you track to make it easier on you at the end of the year.
If your business involves travel, make sure to track your mileage and any meal expenses. If you join any professional organization, your local chamber, or take any classes, make sure you keep your receipt or welcome letter so you can deduct the cost.
Also, remember to keep track of all the monthly expenses involved with running your business, for your website, or advertising. I like to keep everything in a expandable folder so it is right at my fingertips at tax time.
That’s it, you have made it to the end! I hope you have found some useful information. I am sure you still have questions, please comment below on what information you are missing and I will make sure to address it in upcoming posts.
Want more? My ecourse Mompreneur in the Making is coming soon!
Mompreneur in the Making
A brand new e-course for creative moms who want to start a business from home. Coming February 2017!