Small Business owner, here we go!!
As I have said before it always been my dream to own my own business and now I am in the works of finally creating that dream! I just got the cold hard reality of how much a small business owner has to pay in taxes!! And it is not pretty, the first calculations with my accountant expressed that I should save a minimum of 30% of all income to go towards taxes for the year! The point is to actually over-save to ensure when I have to pay that money is there already. Maybe this shouldn’t even come as a surprise but it sure makes the idea of success that much harder!
I was so glad to have met with the accountant because it did a few things for me: brought my business into reality and no longer just a fun dream. It got me to measure my income in a real life fashion, which again, makes this all seem that much more real. I also learned a lot more of the detail on book keeping and other things I will have to do that I didn’t know had to be done.
If you want to turn your dream into a reality I would first recommend these things:
Make sure you are passionate about what you do, then the hard stuff isn’t so hard
Stay Organized
Take your time in getting started
I could write a book with much more detail here, but those three things are where I would start
I have about zero patience, but I have spent some serious time and will continue to spend more time learning, studying, organizing and ensuring I am starting this business off on the right foot which I believe will help to lead me to success down the road!
More to come on this as I continue to grow and learn on what it takes to turn a dream into reality!
~Brooke Elizabeth
