All tagged taxes
What does it cost to be a business owner? While there are certainty financial obligations involved, there are many more demands on us than if we didn’t run our own company. When we can identify the costs, we can better prepare for them, set boundaries and policies to control them, or remove them from our plates entirely through delegation and hiring. We break down five major costs to understand in being a business owner, and how to overcome them.
Every day we do work that both directly and indirectly makes us money. The dog walks, grooming, pet sitting visits, and training are all pretty straightforward in that when we perform those tasks, we get paid for them. But what about the other work? How do we find the motivation to keep doing it, and doing it well, even when we don’t get paid directly for doing them?
Do you feel like there’s too many things to get done in a day? Running a business means there is never a shortage of tasks demanding our time and attention. As pet professionals, our schedules are even more hectic, making managing tasks all that much more difficult. We break down the Getting Things Done system and how to apply it to your business. From capturing everything to regular reviews, once you get a system in place, your mind is freed up to do what it does best: create.
What mindsets and behaviors help a pet business owner thrive? Like high quality tools, the characteristics we exhibit should help us, instead of being a hindrance to our success. It starts with knowing yourself and the kind of business you want to run. Then, you can implement the best practices. We break down five essential attitudes of a thriving pet business owner and what it looks like to implement them.
When you are ready to hire, you’ll have to decide whether to hire an employee or bring on an independent contractor. Kim Ottone-Tank, owner of Apronstrings Pet Sitting, has been following this discussion for many years. Kim shares what the major differences are and why it’s important to know what the best fit is for your business. She also helps us understand what some of the pros and cons are for each, and how we have to set up our pricing to make sure we’re still making a profit after we hire.
This year has had a lot of things to distract us and keep us busy. However, tax time is right around the corner and there are many things we should be doing before the end of the year. Mike Jesowshek, owner of JETRO and Associates, discusses the three things every business should be doing right now and how EIDL and PPP loans impact our taxes.
Taxes can be a major headache, but they dont have to be! Listen in as the founder of JETRO and Associates discusses simple steps you can take to make tax time a LOT easier.
How do you track expenses as a small business? How do you smartly manage your time? Is it time to hire an employee? On this weeks episode, we answer these questions, and many more!
