Check out this great video from Tonya Trujillo!
Check out this great video!
First Step: Open a separate FREE checking & savings account for your business.
(I suggest to add Checks too)
Use the 50/10/40 Split ALWAYS.
Use a separate credit or debit card for placing orders or for other Mary Kay expenses.
Do not embezzle from your business.
Complete a Weekly Accomplishment Sheet through Mary Kay Intouch every Sunday
Organize for taxes throughout the year, rather than all at once at the end
The easiest way to stay organized is to purchase an expandable accordion file. Then, divide the sections into the tax categories and place expense receipts in it - these are your tax deductions! You MUST keep your receipts in order to prove that the purchase was made. I like to set up a specific time to file these once a week or once a month!
Below are examples of expense categories that I have set into place.
Investing in your business training is investing in YOU! I can't think of a better investment can you?! This subject is nestled under money management because in the perfect world you will be using your 10% in your savings to pay for upcoming events! Look below for estimated Registration costs quarterly and talk to Holly about the other expenses to expect with each event!
Seminar: Will it COST me money or will it MAKE me money? Think like Linda Toupin.
Listen to my Vox https://www.voxer.com/v/c48d8250ec
Average Expected Registration Cost:
Why Go to Seminar with major obstacles in her path! THIS IS THE YEAR, not next yr! Saying Tomorrow....Next year....is the biggest threat to your future
Listen to my Vox https://www.voxer.com/v/6704f3352e
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