Episode Details

If you work a demanding creative job and you love doing creative work like I do, then you can most likely identify with how much I hate dealing with money, finances, bills, and paperwork. While I understand all of them are “necessary evils” to running a business and being successful, on an emotional level I feel like when I’m reconciling transactions, creating invoices, or organizing paperwork to do my taxes, I’m simply wasting my time because I’m not creating.

Any time when I’m not “making cool stuff” is time I’m wasting.

Luckily I no longer have to manage mounds of unfiled paperwork, paying bills, or reconciling transaction thanks largely in part to crossing paths with my guest today Sylvia Inks. She’s the founder of SMI Financial Coaching where she’s a business and financial coach who helps entrepreneurs and small business owners learn the financial skills necessary to succeed.

Even though you may have never thought about it this way before, even if you just jump from one freelance job to the next, YOU are a small business. So this episode is especially helpful for those who work with multiple clients even if you don’t technically have a “business” with your own employees.

Sylvia and I dive into all of the necessary steps to organize your finances so you spend less time wading through paperwork and more time creating things you love.

If after this interview you are inspired to get your financial life organized, Sylvia has created an amazing guide where you can follow along one simple step at a time to organize your business finances and make your life easier. Click to download her 'Ultimate Guide to Organizing Your Business Finances.'

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Here's What You'll Learn:

• Shifting your focus from being freelance to viewing yourself as a small business
• Preventing the "week of pain" before taxes are due
• Finding the expenses that you didn't know you could write off
• Making your finances as simple as possible with helpful software
• Taking control of your finances, not just to save money, but to find money you didn't think you had
• Getting into the mindset that time spent organizing your finances is not a waste of time
• Using Shoeboxed to digitize your important paperwork
• The distinctions between an accountant and a CPA

Useful Resources Mentioned:

Small Business Finance for the Busy Entrepreneur

Freshbooks Invoice and Accounting

SMI Financial Coaching

Ultimate Guide to Organizing Your Business Finances

Quickbooks

Xero Accounting Software

Due

Shoeboxed

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