In this engaging conversation, Shelly, a Toronto-based text and copy editor, shares her entrepreneurial journey from working in public libraries to establishing her own editing business. She discusses the importance of flexibility, the ups and downs of entrepreneurship, and the significance of financial literacy. Shelly also recommends insightful books for aspiring entrepreneurs and emphasizes the value of defining a prosperous life that aligns with personal values and goals. The conversation concludes with insights into the editing process and the type of clients Shelly enjoys working with. Follow her on Instagram: www.instagram.com/szeditorial Facebook: https://www.facebook.com/profile.php?id=61553421986469 LinkedIN: https://www.linkedin.com/in/shelly-zevlever-325008122/ Website: www.shellyzev.com
Amy Rempel, founder of Elevation Brands, shares her journey in helping scale and grow health and wellness brands in Canada. She discusses her experience working in the health food industry for over 20 years, including working with her father and siblings. Amy emphasizes the importance of listening to your intuition and trusting your gut in entrepreneurship. She also highlights the significance of having systems in place and outsourcing tasks to avoid burnout. Amy recommends exploring the Human Design Chart as a tool for understanding oneself better. She can be found on LinkedIn: https://www.linkedin.com/in/amy-rempel/ Website: elevationbrands.ca
Jenn Grachow, a photographer, shares her journey from studying photography to traveling and working odd jobs before starting her own photography business. She discusses the challenges she faced financially as an entrepreneur and the importance of knowing your numbers and valuing your work. Jenn also talks about her transition from wedding photography to personal branding and her Women in Me project, which aims to empower women and celebrate their diversity. She emphasizes the need for entrepreneurs to be true to themselves and not try to fit into someone else's box.
Jessica Pegg shares her journey as an entrepreneur and how she helps women and gender nonconforming individuals succeed in business. She emphasizes the importance of leveraging systems and automations to streamline processes and remove barriers. Jessica believes that women in entrepreneurship have the power to create a better world by empowering their communities. She shares her own experiences starting and growing multiple businesses, as well as the financial mindset shift she had to make. Jessica also discusses the importance of understanding and managing finances in order to have a successful business Jessica is an entrepreneur and strategist with over a decade of management and operations experience. She and her team support women-led organizations with the strategies and systems they need to grow with ease and efficiency. JPOM gives female-identifying leaders the tools they need to run it right—to stop working IN their businesses and start working ON them. Follow Jessica on Social Media Instagram: https://www.instagram.com/jessicapegg.coo/ LinkedIn: https://www.linkedin.com/in/jessicapeggcoo/ Facebook: https://www.facebook.com/JessicaPegg.COO Website: jessicapegg.com
In this episode, Shalini interviews Carinne from Diva Cup, who shares her entrepreneurial journey and the challenges she faced in building the company. Carinne's mother had a dream of creating a better menstrual product, which led to the development of Diva Cup. They faced financial struggles, especially when trying to enter the mass market, but they were able to sustainably grow the business. Carinne emphasizes the importance of finding passion and purpose in your business, as well as the need to constantly adapt and reinvent. Diva Cup has recently rebranded and is expanding its product line to support women through all phases of life. Takeaways Entrepreneurship is a long and challenging journey that requires passion and determination. Financial struggles are common in business, but it's important to be cautious and realistic with spending. Finding a purpose beyond just making money can provide motivation and fulfillment in entrepreneurship. Adaptability and the willingness to reinvent are crucial for long-term success in business. Rebranding and expanding product lines can help businesses stay relevant and meet the changing needs of customers.
Tara McEwen, founder and CEO of McEwen Media, shares her journey from working in media to becoming an accidental entrepreneur. She talks about her career in media, the growth opportunities she had, and the moment she realized she needed a change. Tara explains how she transitioned to entrepreneurship, the challenges she faced in managing finances, and the importance of budgeting and setting aside money for taxes and operating expenses. She also discusses the concept of prosperity and how she focuses on empowering voices for positive change in media. McEwen Media is a thriving media company offering coaching, consulting, and strategy services to thought leaders who want to command larger stages. A strong media presence is the key to success in an attention economy. Our clients reach new heights, new audiences, and new ways to inspire millions. Follow Tara on Social Media Instagram: @mcewenmedia Facebook: @mcewenmedia Website: mcewenmedia.ca LinkedIn: https://www.linkedin.com/in/tara-mcewen/
In this episode, Shalini interviews Tameem, an entrepreneur with a diverse range of ventures. Tameem shares her entrepreneurial journey, which began with quitting the corporate world and joining a startup. She then entered an entrepreneurship program, where she learned valuable lessons through experiential learning. Tameem discusses the challenges and uncertainties of entrepreneurship, including the transition from a structured corporate environment to the freedom of entrepreneurship. She also shares her experiences with financing her ventures and the importance of financial literacy. Tameem emphasizes the need for supportive communities and the pursuit of a prosperous life that prioritizes flexibility and personal development.
Welcome to season 2, In this episode, Shalini shares her own entrepreneurial journey, starting from her childhood aspirations to her career in accounting and eventually becoming an entrepreneur. She discusses the challenges she faced, including being laid off from two jobs, and how she ultimately started her own business. Shalini emphasizes the importance of building a business one client at a time and finding passion in teaching financial literacy. She concludes by expressing her gratitude for the opportunity to live a prosperous life and help others through her podcast and social media.
Welcome my friends to the Prosperity Project Podcast, the ultimate destination for financial literacy, entrepreneurship, and living a prosperous life. I'm your prosperity partner and host, Shalini. Hard to believe we are at our final episode for season one. Don't worry. Season two is going to be coming and I have some really exciting things planned for season two. Specifically, I'm going to be interviewing different entrepreneurs and having them share their own story and their own advice. And we're going to talk numbers. We're going to talk about the entrepreneurial journey, what they wish they knew earlier.
Today, I actually wanted to share a story about my client. We're going to call her Mary. Mary came to me because it was her second year in business and we had just finished the bookkeeping and sent her the reports and she couldn't believe that she had a loss again.
Wow, the past few episodes were …techy. And unfortunately understanding these rules and guidelines is expected of the entrepreneur. But I wanted to bring us back into focus just a little bit… why did you become an entrepreneur? What was your vision? Your reason? So when you think you can’t do all this accounting and tax stuff… remember that you - as an entrepreneur you’re built differently. Entrepreneurs often possess a unique set of characteristics that set them apart from others. Here are a few reasons why they can be considered different:
Welcome, my friends, to the Prosperity Project Podcast, the ultimate destination for financial literacy, entrepreneurship, and living a prosperous life. I'm your prosperity partner and host, Shalini and in today's episode, we will be exploring the different financial statements and what they mean for entrepreneurs. Financial statements provide crucial insights into the financial health and performance of a business. By understanding these statements, entrepreneurs can make informed decisions and track the progress of their ventures. So, let's dive in!
Welcome, my friends, to the Prosperity Project Podcast, the ultimate destination for financial literacy, entrepreneurship, and living a prosperous life. I'm your prosperity partner and host, Shalini and in today's episode, we'll be exploring the fundamental accounting principles that every entrepreneur should follow. Understanding these principles is essential for maintaining accurate financial records and making informed business decisions
Today we're diving into the topic of we have an important topic to discuss: the importance of bookkeeping for entrepreneurs. A solid bookkeeping practice is crucial for any business to thrive, yet it's often overlooked by DIY entrepreneurs. In this episode, we'll explore the top 10 mistakes that DIY entrepreneurs commonly make in bookkeeping. So, let's dive right in! As an entrepreneur growing your business, it's important to remember that accurate bookkeeping provides a clear picture of your financial health, helps track income and expenses, ensures compliance with tax regulations, and plays a crucial role in making informed business decisions.
today we're diving into the topic of setting up your accounting and tax foundation for a successful business. Here are ten essential tips for entrepreneurs: Separate personal and business finances: Open dedicated business bank accounts and use them exclusively for business expenses. Mixing personal and business finances can create a lot of confusion. Choose the right accounting software: Invest in accounting software that suits your business needs. It should be user-friendly, provide sufficient reporting capabilities, and integrate well with other platforms. Maintain accurate records: Keep all receipts, invoices, and financial statements organized. This not only simplifies record-keeping but also helps during audits or when preparing tax returns. Understand your tax obligations: Educate yourself about the tax requirements specific to your industry and location. Consult with a tax professional who can guide you on what needs to be filed and when. Consider hiring a professional: When it comes to accounting and tax preparation, it's worth considering hiring a certified public accountant (CPA) or a qualified bookkeeper to handle your finances. They can save you time and money in the long run. Implement strong internal controls: Establish internal controls to prevent fraud, errors, or misuse of funds. This includes segregating duties, implementing checks and balances, and conducting periodic reviews. Track expenses meticulously: Keep a detailed track of all business expenses, categorize them accurately, and regularly reconcile financial statements to ensure accuracy. Plan for taxes and set aside funds: Don't wait until tax season to address your tax obligations. Plan for taxes throughout the year and set aside funds accordingly to avoid cash flow issues. Regularly review financial reports: Understand and analyze your financial reports regularly. This allows you to identify strengths, weaknesses, and areas for improvement in your business operations. Mental resets are important as as important as working hard.
Today, we're diving into the topic of setting up your accounting and tax foundation for a new business. It's a crucial step towards building a strong financial future. Let's jump right in! When starting a new business, one of the first decisions you'll need to make is choosing the legal structure. The two most common options for solo entrepreneurs are sole proprietorship and incorporation. Let's explore the differences between the two.
In today's episode, we talk about choosing the entrepreneurial journey. Entrepreneurship, the path of creating and navigating your own business, can be an incredibly rewarding and empowering journey. Your WHY is very important because depending on your WHY the pros and cons may not even matter if your WHY leaves you no choice. However, it's important to consider both the pros and cons before embarking on this path. Many start without really understanding all the different elements involved. So Let's dive right in:
In today's episode, we're diving into why financial literacy and addressing your money baggage is the essential first step towards achieving prosperity. Money baggage refers to the emotional and psychological beliefs we have about money that often stem from our childhood experiences, cultural influences, and personal perceptions. These beliefs shape our financial behavior and can either propel us towards prosperity or hold us back. So how can we improve our money mindset?
Welcome, my friends, to the Prosperity Project Podcast, the ultimate destination for financial literacy, entrepreneurship, and living a prosperous life. I'm your host, Shalini, and I couldn't be more thrilled to have you here with me today. As we embark on this journey together, allow me to share a little bit about myself. With years of experience in taxation, finance and entrepreneurship, I've been honing my skills and acquired a deep understanding of what it takes to succeed in these realms. The past 8 years have been a lot of learning and experiences that I've learned a lot from!