As a small business owner, everyone expects you to know the answers to all questions. Backyard Bookkeeper got your back we are here to help you! In this episode of Open Book, you will learn the answers to these important questions. What are 1099’s? Who do you have to file 1099’s for? How you should prepare for 1099’s? What happens if you don’t give someone 1099? Want more great tips? Subscribe to our youtube channel.
“Yeah, you’ve seen the picture.”
I had, but it seemed a lot smaller in the picture. Now the water was forever away and I wasn’t sure I should have said I would do it. I stood and deliberated for a while, quieting the voice in my head that told me I was too scared.
The moment of decision came when I realized that voice would only get louder and justified if I walked down instead of jumping.
So I yelled above the fear, “THREE!…TWO!…ONE!” and I jumped.
The cliff was so high I had time to regret the decision on the way down, my mind was screaming as my arms and legs pin-wheeled against the force of gravity. I had to succumb; I didn’t know how to fly. I hit the water and went down, a LONG way down, and was gasping for air and grateful for the lifejacket I was wearing when I finally surfaced.
It took a few seconds to catch my breath and realize I was still alive. As soon as that happened, though, I couldn’t take the grin off my face. I had done it!
Letting go of fear and jumping off that cliff quieted the voice that told me, “You can’t. You won’t. You’re not going to make it.” This wasn’t the only time in my life I have had to quiet that voice.
Fear and self-doubt are “voices” that make an appearance in all our lives at one time or another. What do you really want? What is it that helps you to let go and make the jump? For me, it was my competitive nature, a supportive team, and wanting the experience.
10 years ago Backyard Bookkeeper was born. Yes, you calculated correctly – they started a bookkeeping business during the financial crisis of 2008. Why? Because two friends had a passion for bookkeeping (weird, I know), quieted the voices of doubt and the voices of the people around them who thought they were crazy; and supported each other in the risk they took.
Today there are 13 employees and hundreds of companies who are glad that Julie and Alex decided to jump off the proverbial cliff and do what they had a passion for.
Happy 10th Anniversary, Backyard Bookkeeper!
Let these stories be an inspiration to you and ask yourself (in business, in life):
“What do I really want?
“What is it that will help me let go and make the jump?
Starting a small business shows you believe in yourself and in your product or service enough to invest in yourself. Marketing is the way to grow the seed you planted into something substantial. This article from OnDeck has some great tips for promoting your business in free and easy ways.
This post is also featured at Intuit’s Small Business Center!
The internet is full of depressing statistics about the failure rates of small businesses. But I’d like to offer an alternative view, one based on my real-life experience in the real world, which is considerably more hopeful than those stats would lead you to believe.
As a bookkeeper, I’ve had the privilege of working with a diverse array of entrepreneurs and their various projects. I’ve seen a few of them fail, but by and large, the vast majority of them have been successful. So I’m always puzzled when I see headlines like “5 Reasons 8 Out of 10 Businesses Fail,” and I wonder about their sources and the way their statistics were gathered.
This post is also featured at Intuit’s Small Business Help Center!
The Internal Revenue Service: a name that strikes fear into the hearts of taxpayers and business owners everywhere. If you’ve had to deal with them recently, chances are it wasn’t a very good experience. But fear not, below are a few suggestions that may ease your pain the next time the IRS comes calling.
I always look forward to the start of a new year. It’s exciting to think of new possibilities and set new goals; it gives me new energy and enthusiasm for the year ahead. I usually have at least one resolution that looks something like this: “This year will be the year I finally get around to [insert something I have been procrastinating on for a long time].”
I know I’m not alone in this, because every single January, I get at least a few calls and emails from people who have resolved to finally deal with their backlog of undone bookkeeping and are asking for help. Some business owners begin panicking when they are only a few months behind in doing their books, but I have worked with clients who had literally done no record-keeping whatsoever for six or more years.
If this sounds like you, don’t stress. No matter how far behind you are, 2018 can be the year that you finally catch up, get your taxes filed and fix all those problems you’ve been avoiding.
I’d like to offer four practical suggestions for any entrepreneur who has made a New Year’s resolution to improve their business finances, catch up on undone bookkeeping or deal with unresolved issues.