E091: Master Your Money for Online Course Creators

Let's talk money & some simple ideas to help you manage your finances more easily with host, Julie Hood. 

Come check out the full show notes at https://CourseCreatorsHQ.com/91 

LINKS MENTIONED  

Check out Wave Accounting at https://coursecreatorshq.com/WaveAccounting  

Get the Profit First book and resources at https://coursecreatorshq.com/ProfitFirst  

KEY TAKEAWAYS FOR ONLINE COURSE CREATORS

1. Understand your operating expenses.  
2. Consider your money reserves based on each phase of your course business (startup, breakeven, profit) including start-up capital. Starting an online business for free is a myth!  
3. Don't forget to set aside for taxes.  
4. Figure out your accounting system.   
5. Determine your tracking system for expenses and receipts.   
6. Check out the Profit First! book and resources by Mike Michalowicz for a new way to look at your money.   

Main categories of expenses:  

- Operations & Tools (course hosting, email hosting, social media tools)  
- Costs of Selling (advertising, joint venture commissions, credit card fees)  
- Outsourcing (what kind of help do you need? VA, Accounting, Legal, Customer Support, Tech Support, Graphic Design)  
- Monthly Services (Internet, Cell Phone, Insurance)  
- Learning/Coaching/Training  
- Payroll  
- Taxes  
 

COME VISIT!  

Sign up for my email list and get this free course  Is My Course Idea Any Good? here: 
https://www.coursecreatorshq.com/idea      

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