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Accounting Basics Part 2: Chart of Accounts in QuickBooks

Last week I discussed the accounting equation and how it laid the foundation for data entry, accounting for each transaction, and building the financial statements including the Balance Sheet and Income Statement. The next step I would like to introduce in helping you understand basic accounting, QuickBooks, and the financial statements of your business is the Chart of Accounts in QuickBooks and … [Read more...]

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Business Formation – Transition Point

I had a few circumstances collide today that brought up the topic for today. I have two resources that I encountered and a situation with the last business I worked at that where I had to go back into the office to pick some things up. All that to say, the topic today is that moment of transition where you cease being dependent on another person or entity for your income and enter into your own … [Read more...]

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Passion, Hard Work, and Systems for a Sustainable Lifestyle

Last week I discussed some ideas for finding your passion and even your purpose in life. I want to continue on that vein this week and discuss what to do next. I want to discuss turning your dream into reality; turning your passion into a lifestyle through a business that opens the doors for you to live the life you want. I will discuss refining and defining your passion into something you can … [Read more...]

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Marketing – Website and WordPress

Last week I discussed the need to set up your own piece of internet real estate, including the domain name for your business and hosting your site. This week I would like to follow up on the domain you purchased and help you get a basic website off the ground. I have had some experience designing and building websites and there is simply innumerable ways of going about building a website - from … [Read more...]

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Before Payroll Part 2: Cost of an Employee

Today I would like to continue on with the Payroll topic. Last week we discussed rethinking the need for an employee along with some alternatives such as employee automation. Today I would like to discuss the full cost of an employee. If or when you decide you need an employee, the next step is to figure out what your bottom line costs will look like. To help you think through the full cost of an … [Read more...]

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Accounting Basics Part 1: Accounting Equation

Back on the subject of accounting today. My goal is to help you learn what you need to know about accounting to run your business, from basic to advanced. I feel it would be easier to learn through application and that there is no better way to apply these principles than through setting up and processing your business' books in QuickBooks. Last week I discussed QuickBooks as the preferred … [Read more...]

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On Vacation

Hi All, The family and I are heading out to Wisconsin for a week, so I won't be posting. I will begin posting where I left off in the middle of next week. Until then, Keep Reaching! Mark … [Read more...]

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Business Formation – Personally Funding your Startup

Last week we discussed the mindset for starting a business, and this week I would like to touch on an important step toward starting your business - personally funding your startup. More specifically, I mean preparing financially to transition from employee to self-employed including remaining an employee while you build your business, saving, cutting expenses, and reinvesting capital in your … [Read more...]

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Stephen Covey – 7 Habits…

The book "7 Habits of Highly Effective Leaders" by Stephen Covey was in my cue for book reviews that I plan to begin in a few months. There are some important principles in that book that you can learn a lot from. Unfortunately, I just read that he passed away. My prayers are with his family. Mark … [Read more...]

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Link – Dave Kraft: A Job or Calling?

I will throw links to other articles and resources out there from time to time from the various blogs and sources that I follow. I would like to link to a thought-provoking blog by Dave Kraft called A Job or Calling?. In the blog he differentiates between a "job" and a "vocation" with the latter being what you are called, gifted, and passionate about doing. It was a good reminder to me to keep … [Read more...]

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