EPISODE A1.001 DREAM2PLAN FINANCE

Introduction
You have a dream. It’s a great dream - in the US we call it the “American Dream.” An idea that turns into an entrepreneurial journey. Many dreams die in this early stage. Even more close their doors before reaching Stage VI.

 But what if you knew how to grow a sustainable business fast, even in today’s (post) pandemic economy? That is exactly what we will be sharing in our Season 2 programming at the IBGR Network. Proven strategies delivered by seasoned business owners, sharing what works and what doesn’t work at each of the six stages of business growth. 

Take a look at the Stages of Business Growth and choose the level that best describes where your business is currently. Then pick one of the four times each stage is delivered daily in a 24 hour period. Welcome to the world of entrepreneurship!


Show Objective
Congratulations! You have decided to move forward with your idea. Now what? Now it’s time to get your idea out of your head and into the real world. Over the next 10 weeks in the Stage I Finance block, we will be exploring the steps you must consider before “Going Live.” Today is an overview of the key areas you will want to focus your time and attention on before moving to Stage II.

Your Money Mindset
Most Stage I business owners do not have the best relationship with money or time. Wondering what your relationship is? Answer this question: “If time or money were a person, what would your relationship be?” One of the best ways to get in the right entrepreneurial mindset is through personal growth. 

All successful business owners have a recommended reading list. Over the next 10 weeks we will be exploring the classic business book, “Think and Grow Rich” by Napoleon Hill in our second segment of this show. This book was my introduction to a healthy money mindset, especially when you know what to do in each chapter. 


Your Checklist
*Going from Dream to Live requires several steps to set your new business up for success. Here are the topics we will cover this quarter:

1. Business Financial Terms
2. Writing a Business Plan
3. Registering with Country, Federal and Local tax organizations
4. Licenses and Permits
5. Business Insurance
6. Tax and Money Management Systems
7. Recording Keeping Basics (Monthly, Quarterly, Annual schedule)
8. Business Deductions
9. Reading the Metrics
10. Summary and Key Points of Season 2 (A Track -Stage I)

Next Steps
The ball is in your court. Are you ready to do what it takes to give your dream life? 

1. Set a reminder to Listen, Learn and Apply
2. Guard your thoughts
3. Show up for yourself
4. Your challenge, should you choose to accept it: Start with Chapter IX and read it daily for 14 days in a row.

Written by: Donna Kunde

* I am not a CPA and the recommendations given in this show do not constitute legal or financial advice. Seek professional advice for all legal and financial matters. 

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