48. Managing Your Business Finances [Money Series]

The Savvy Teacher Seller with Kristen Doyle

May 23 2023 • 13 mins

Do you cringe when it comes to managing your business finances? Most TPT Sellers struggle in this area because it’s something they’ve never had to do before starting a business, and it might feel a bit scary.

It doesn’t matter if you’re just starting your business or a veteran seller. This episode will clear up any confusion and lay a solid foundation to start feeling confident with your TPT finances.

To continue our money series, I am diving into the importance of keeping your business finances separated from your personal, how to set up and maintain your business budget, and the importance of keeping your finances organized to stay profitable. Be sure to check out the first episode in this series to hear more about managing your money!

01:15 - The importance of separating your personal and business finances

03:56 - How to use a budget to get your business finances in order

06:20 - Guidelines for what to pay yourself and how much to save for taxes

09:02 - My top recommendation for tools to use for business bookkeeping

11:30 - Why you should always keep money in your business account

Get one month of bookkeeping free with Bench Accounting - affiliate link

For all resources, head to the show notes: https://kristendoyle.co/episode48

🚀 Join the Profit Booster Bootcamp: https://profitboosterbootcamp.com/