Affilate Buzz #46 – How to Establish Your Financial Plan Early in Your Online Business
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In this edition of the Affiliate Buzz audio newsletter, James Martell, successful publisher, speaker and author talks with host Charles Johnston about tax season and managing your expenses, using QuickBooks online and common fears among online marketers.
James and Charles talk about the beginning of baseball season and James new role as assistant coach this season. They talk about the time when James spent most of his time working before online marketing and how he missed out on the opportunities of being part of these extra curricular activities.
James and Charles talk about the flexibility in his schedule. James shares his day where the trainer shows up at 10am and work him for an hour. He headed up to the shower and got ready to go to the office. James shares that he didn’t feel like going in and instead sat with Arlene and watched some t.v. His friends gave him a call and invited him to lunch so he headed over to enjoy some time with a couple of friends. Online marketing gives him this freedom.
Listen to this edition of the Affiliate Buzz as James and Charles talk about:
- The finances of running an internet business
- Tax season and managing your expenses
- Using Quickbooks online
- Common fears among online marketers
James discusses with Charles about the finances of internet marketing. They talk about setting things up real early and organizing their bookkeeping. Then they share with listeners about planning ahead for your taxes and knowing what your deductions can be. James shares some tips with getting yourself organized with your money at the start. He tells listeners that he recommends getting an accountant as soon as you know you are going to do this as a business.
James discusses with Charles the benefits of establishing a corporation and setting up a financial plan to help track your income and properly pay your taxes each year. James shares how his finances are managed and what he has in place for his business.
James and Charles talk about fear that remains with every individual no matter what your income is. James shares a comparison of people making $30,000 or $300,000 each on shares the same fear. Their is a fear of loss and this fear can keep you on your toes every day. Then they talk about the different fears that can set you back in your business and how to look beyond them.
And if you are…
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