Happy Holidays! What You Need To Do For Year End!

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The year is almost over, and I hope you've had a fantastic Q4! For those of you who crushed the year – be proud of yourselves! For those of you who have worked hard but didn’t get to where you envisioned yourselves and the year crushed you, I want you to know you’re not alone. It wasn’t an easy twelve months for me either. In fact, it’s been my hardest year since we started.

On today's episode, I'm going to share with you the five things you need to do before the end of the year. Even if you had a great year financially, this advice will be beneficial to you. If you had a tough year or you didn’t meet all your expectations, you can still learn from it and make next year a better one so that you will be a more unstoppable entrepreneur in 2017.

Do yourself a Christmas favor and make sure you get separate accounts for each entity.

Today’s Topics Cover:

  • Information about business entities.
  • Two profit and loss approaches.
  • Ways to keep track of your inventory.
  • How to establish an understanding of your profit and loss.
  • Advice about realizing your end game.
  • Advice about accountability partners.

5 Things You Need to Do Before the End of the Year:

  1. Look at starting the right type of business entity for you in 2017.
  2. Figure out your profit and loss story.
  3. Make sure to look at your year-end inventory.
  4. Analyze and calculate your profit and loss.
  5. Think about clear objective goals for 2017.

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