5 MAJOR Mistakes I Made When I Started My Business

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In this video, Janelle is sharing the 5 MAJOR MISTAKES she made when she started her business to help you avoid the same pitfalls and start your business on the right track.
The five tips you’ll learn are:
1. PARTNERSHIPS: Not having the difficult conversations before getting into business together.
2. Trademarking
3. Co-mingling your money and not creating a separate business bank account
4. Not establishing business credit sooner
5. Tracking and monitoring your income
Timestamps
0:56 Partnerships & Having Difficult Convos
4:16 Not Protecting Your Brand & Trademarking
6:31 Co-Mingling Money
8:30 Not Establishing Business Credit
11:20 Taxes & Not Tracking Expenses

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Опубликовано:

14 июл 2024

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Комментарии : 23

@ronandrobertabrewer7667 4 месяца назад

Thank you!!!! You are so helpful

@dinanunez1610 7 месяцев назад

Janelle, can you share the calculator for expenses, paying yourself and making profit? Thank you.

@ricardoc.6635 2 года назад

Hey Janelle, I’m so thankful for your videos! Have you considered doing one on how much you should pay yourself as a business owner? Other than your wage as an employee, how much of your business profit is it sustainable to keep for yourself? Specially at the beginning when you may not be able to make/sell enough product to pay yourself a living wage.

@TheCakeMamas 2 года назад

Hey there! I would love to do a video like that! It really comes down to how much YOU as the individual want to make. As far as in the beginning, you should BARE MINIMUM be making minimum wage and that labor should be accounted for in your pricing. I'll definitely consider doing an in-depth video on this.

@Choungie 2 года назад

I had no idea about the write offs for meals and entertainment! Thank you I’ll look more into it!

@TheCakeMamas 2 года назад

HUGE one! As long as you're talking about business over a meal, it's a write off! Within reason, of course. And obviously based on what your business can afford.

@latriciadrake7770 4 месяца назад

Thank you ❤

@medicalmary8929 2 года назад

Thank you so much! Boy do I have a lot of work to do!

@TheCakeMamas 2 года назад

You're so welcome! I'm glad it served you!

@fatal2340 Год назад

Helpful. thank you

@TheCakeMamas Год назад

Glad it was helpful!

@monicamrozek Год назад

There are no links

@YasinNabi 2 года назад

You are awesome and nice tips :)

@TheCakeMamas Год назад

Thank you!

@lupebarrios3842 Год назад

hello, just came across your videos, love them. Questions why did you sell your bakery?

@TheCakeMamas Год назад

Thanks so much for the LOVE! Glad you're here. I talk all about it in my podcast! You can listen to it here: podcasts.apple.com/us/podcast/when-youre-just-done-how-to-push-into-the-next-level/id1483776062?i=1000466954963

@zelenebahig8531 Год назад

Thank you, thank you, but I didn't see the links.

@neo_mohapi Год назад

Thank you so so much for this. I'm watching from South Africa, and this is so helpful. I will obviously change all things according to my country rules and regulations etc. This video has been of great help Janelle!

@TheCakeMamas Год назад

So glad it served you!