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Episode 59

Avoiding Financial Disaster Before You Even Start Your Business [Parker Stevenson]

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Whether you already own a business or your just now thinking about starting one, you probably have a lot of questions regarding money and finance. Unfortunately, quality information is hard to come by. Fortunately for YOU, we have Parker Stevenson, Co-Owner of Evolved Finance here with us today to answer some of the burning questions we have about finance and making sure you set up your business for financial success.

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Hosts & Guests

Host – Nick Nalbach

Guest – Parker Stevenson

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Contact the Guest

Connect with Parker on LinkedIn

Follow Evolved Finance on Instagram

Visit Evolved Finance

Share Episode

Share on Facebook

Share on Twitter

Share on LinkedIn

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Links & Resources

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Note: Some of the links listed below may be affiliate links. This means I will receive a small commission (at no extra cost to you) if you choose to purchase through them.

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Connect with Parker

Connect with Parker on LinkedIn
Find Evolved Finance on Facebook
Follow Evolved Finance on Instagram
Get help with your online business’ finances and bookkeeping

Additional Resources, Tools, and Links

Learn how to confidently manage your business’ finances by joining the Free Finance Workshop
Listen to The Bottom Line – Podcast hosted by Parker Stevenson
Get the free forecasting tool to better plan your finances
Looking to manage your finances on your own? Why not try one of these tools mentioned in the podcast:
- Mint
- You Need a Budget

If you haven’t done this already, go leave a review of the Nine-Five Podcast over on iTunes!

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Show Notes

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There are so many questions revolving around finances when you’re first starting out (and maybe still now that you’ve started your business).

What does my current financial situation need to look like?

How much money does my business have to make to be successful?

How much money should we be putting aside for taxes?

If you’re currently working a 9-5 job you really only need to focus on your personal finances (and/or your family’s).

When it comes to running a business, you take on much more responsibility because now you need to be able to manage the finances of your company as well. And if you plan to (or currently do) have employees, you are responsible for keeping strict books.

It can be difficult to find quality information on this topic. Luckily, we have Parker Stevenson on the show today to break all of this down.

Key Points Discussed in This Episode

In today’s episode, I try to get through as much of the nitty-gritty as I can with Parker to help put you and your business in a better position financially.

3 Main Takeaways from The Episode:

What things to look for financially BEFORE starting your business
Financial clues to pay attention to once you’ve launched your business
Biggest mistakes entrepreneurs make when it comes to managing their business and personal finances

My hope is that after listening to this episode, you will walk away with some of your questions answered, and maybe even realize some aspects that you never thought of before.

If you still have questions, be sure to leave them in the comments below.

If we get enough questions, we’ll bring Parker back on the show to get them answered!

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I Want to Know…

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I hope you enjoyed this episode of the Nine-Five Podcast. Thank you so much for listening!

What did we miss? What other online business finance questions do you have for Parker?

If we get enough questions from you all, I’ll plan to bring Parker back on the show to get as many questions answered as we can!

Leave a comment below and let me know!

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Download the Workbook

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