Finance Foundations for Solopreneurs

Learn the finance fundamentals for running a business of one. This course is helpful for solopreneurs working in the on-demand economy.

Dive into the foundations of running a one-person business. The course is ideal for individuals working in the on-demand economy including rideshare drivers, photographers, online businesspeople, and consultants. Topics include taxes, business insurance, personal insurance, profit and loss (P&L), working with a certified public accountant (CPA), cash flow, recordkeeping, and even social media marketing. Join Dan Weedin as he shares how to accelerate the growth process of your business, overcome challenges, and enjoy being a solopreneur.

Introduction

• Working as a solopreneur
• Are you a solopreneur?

1. Foundations of Solopreneurs

• Running a business of one
• Taxes as a solopreneur
• Choosing a business structure
• Preparing a business plan
• What about business insurance?
• What about personal insurance?

2. Profitability As a Solopreneur

• Understanding cash flow
• Recordkeeping as solopreneur
• It's not what you make, it's what you keep
• Maximizing income
• Tracking deductible expenses
• Preparing an exit strategy early

3. Filing Taxes

• Understanding the 1099
• Profit and loss statements and balance sheets
• Working with a CPA

4. Growing Your Business

• Social media marketing strategies
• Blogs, videos, and podcasts
• Membership-based revenue stream
• When and how to get help

Conclusion

• Next steps