58. Starting Your Business Series: 4 Things you Need to do When Starting a New Business with Esme Gonzalez

Is starting a business a part of your new year's goals?

We got you amiga!

Esme Gonzalez, Founder and CEO of Balanced Ledger shares the 4 steps you need to take when starting your business.

In this episode we covered:

Separate your Personal from Business - Create a separate entity/ein - Legal protection from personal assets
Separate your Personal finances from your Business Finances - open a new business account
Create a Bookkeeping system to track your income and expenses, about 45% of business fail within the first 5 years
Business Organization - Onboarding Process, Get an email (professional), Merchant Service?, Client management, File Organization, Contracts? Market/Advertising, Look into City/State regulations: License

Let us know if this episode resonated with you.

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Follow Esme on social media:@the.balanced.ceo