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3 Things You Should Know Before You Launch A New Business

April 6, 2017 By Jeannette Kaplun

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This is a sponsored conversation written by me on behalf of Intuit QuickBooks and #WeAllGrow Latina Network. The opinions and text are all mine.

Launching a new business is a bit daunting but it can be incredibly rewarding. Yes, you must be willing to take risks and even fail along the way. However, when you have a vision for a solution or product, finding the courage to create your own business can pay off in a big way.

As a small business owner, I’ve encountered a few surprises along the way. For example, managing cash flow can be quite challenging for new businesses. As a freelancer, I also have learned about tax deductions that add up at the end of the fiscal year.

3 tips for new business owners

Here are 3 things I’ve learned as a small business owner in case it helps you as you launch your new endeavor:
1. Create a business plan. Even if it’s basic, it will help you focus, set goals, and keep you accountable. State clearly what your mission is, what your revenue model is and what your projections are.
2. Learn to manage cash flow. Payment terms vary and you might need to bridge the gap. Obtaining financing is essential for a new business. The Intuit QuickBooks Resource Center actually has a wealth of information to help you navigate through your funding and financing issues.
3. Be as organized as you can be. File bills, receipts, and also keep track of invoices and expenses. The Intuit QuickBooks app helps me stay on top of things while I am on the go. If you create a system from the beginning, it will be much easier for you to track everything. Also, once you need to pay taxes, you will waste less time getting everything ready to file your tax return. QuickBooks Online customers find an average of $4340 at tax time by linking expenses and receipts on their phone.

Tips for new business ownersFor more helpful information for new business owners and even those who are self-employed, make sure to visit Intuit Quickbooks on Facebook and Instagram.

Disclosure: this is a compensated campaign in collaboration with Intuit QuickBooks and #WeAllGrow Latina Network. All opinions are my own.

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Filed Under: Family Tagged With: finances

About Jeannette Kaplun

Jeannette Kaplun is a Latina mom of 2, TV host, parenting author and blogger. She's the founder of Hispana Global and has appeared on Good Morning America, The Steve Harvey Show and The Chew. Previously she co-founded Todobebé and hosted the Viva la Familia TV show on Univision. She loves to help others and wrote the parenting book in Spanish Todobebé: Todo lo que necesitas saber para el primer año de tu bebé" . She also writes for Babble and Ser Padres.

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About Jeannette

 

Hi! I’m Jeannette Kaplun, a bilingual Latina mom of 2, journalist, TV host, writer, Hispana Global CEO and founder, Nutella, and Disney lover. I love traveling, writing, helping others, and supporting [email protected], ONE.org, St. Jude Children’s Research Hospital, the UN Foundation, and other organizations. I live in Miami, FL with my family, including my dog Snoopy. To work with me, email [email protected] .

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