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Starting a new business and growing your bottom line – FASTER WITH FINANCIAL LITERACY

Hi, I’m Carolyn and I run the Finance Learning Lab. Enjoy our company blog below and check out even more of what we do and how we can help you at FinanceLearningLab.com.

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Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 10 of 10)
Let's talk financing! So I think when it comes to financing, a lot of business owners fall into one of two camps. They either fall into the camp where they're not interested in doing financing and they plan on self-funding. They're going to bootstrap and fund more and more of …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 9 of 10)
Let's talk chart of accounts. So you remember I keep talking about all your transactions going on over here. Well your chart of accounts is whenever you decide to create sub-buckets or sub-categories. So let's say that you created a subcategory called, “Advertising”. You may have spent money this month …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 8 of 10)
Let's talk accounting systems! So this is something that I think has sometimes had entrepreneurs running down this like deep rabbit hole. So if you think of Quickbooks, I’m not anti-Quickbooks, but what I would say is there's a huge trap that you are going to over-engineer and overcomplicate your …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 7 of 10)
So the second thing that as an entrepreneur you need to know when you look at your numbers is your, "So what?". And this is where I think a lot of really well intended accounting courses, such as Accounting 101 or any crash course in bookkeeping or finance, miss the …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 5 of 10)
So let's talk customer acquisition cost. It is probably one of the most important financial metrics of your business and chances are, if you're like most business owners, it's one that you're not actually measuring. So if you're anything like me, whenever I started into entrepreneurship, I just thought you …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 4 of 10)
So in this lesson what we're going to talk about is how important it is for you to have a dashboard. A dashboard is basically just a fancy way of saying you're the pilot running this airplane but you need certain pieces of information to gauge how you're doing. Are …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 3 of 10)
In this lesson we're going to pick off from the last one we went to and we're going to talk about a discipline that you must start putting into place, starting this month. So we talked a little bit in the last lesson about how critical it is to have …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 2 of 10)
In this lesson, we're going to talk a little bit about your financial plan, sometimes called your forecast, sometimes called your budget or your pro formas. What we're talking about here is not where your numbers were in the past historical. We're talking about you building out a plan to …
Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 1 of 10)
In this video, I'm going to walk you through three really important distinctions between a bookkeeper, the person that does your taxes, and a CFO. When it comes to your bookkeeping, that is going to be solely focused on what happened in the past in your business. They're going to …
“I got an Invoice… Now what?!” – How to Pay an Invoice Including QuickBooks Tutorial on Set Up
What do you do if someone emails you an invoice? In this tutorial, what we're gonna do is actually take you through the very first steps you would do if someone emails you an invoice asking for money from you. How do you set it up? What are you checking? …