A Portrait of an Entrepreneur

A Portrait of an Entrepreneur

When I use the word Entrepreneur, I am referring to someone who puts everything on the line for the sole purpose of pursuing the success of a “Big Idea”.

The Entrepreneur personally assumes the risks in order to realize his or her dream. They work for themselves, not others. They forge their own destiny. Their success is entirely dependent on their ability to deliver. Sometimes, especially in the beginning, the Entrepreneur relies on their savings account or spouse to pay for the daily living expenses. But the ultimate goal is always, that the Entrepreneur will pay for the business AND their share of the living expenses. Someday. Sooner, rather than later.

Understanding your Financial Story

Understanding your Financial Story

During the process of completing a business' tax return, an accountant prepares financial results or statements. The statements provide details about the gross revenue generated through sales, the expenses required to generate those sales, and the taxes payable on the resulting income. Many business owners only look at those financial statements once a year while quickly reviewing their tax return.