CPAIYC #005: The Five Financial Stages of Online Business Growth

Welcome to the CPA in Your Corner podcast! In today's show we talked about the 5 financial stages of online business growth, and what you should focus on in each stage. We make this process easy to understand by using the analogy of climbing a mountain. Regardless of the type of business you have, and the amount of time you've been in business, you're somewhere on that mountain!

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A lot of online entrepreneurs make the mistake of trying to skip some of the stages, but each of them are important, in order to build a healthy business that will stand the test of time.

Here's what you'll learn:

  • The 5 financial stages of business growth
  • How to know the current stage of your business
  • What type of financial considerations you need to be aware of during each of the stages
  • The perils and pitfalls of trying to skip some of the stages
  • The stage where you should start outsourcing tasks in earnest
  • Tax strategies for the different stages
  • . . . and so much more!

The Praise Party

In this part of the podcast, we share some of the love that has been poured out on us, and the kind things people are saying about us.

First, we have Rebecca from Professional Content Creation who said, “First let me say, I love the new podcast. You ladies are doing fabulous. You are so natural together and the information is great.”

Secondly we have Amber from AmberLudwig.com and InsightfulDevelopment.com who said, “Your podcast is awesome. It's a great format, funny, engaging and educational. You two are seriously so great together.”

Thank you Rebecca and Amber and everyone else who keeps encouraging us to keep doing what we're doing. You're the reason we're here!

Conversations and Celebrations

We love this part of the podcast where we celebrate something good that has happened with one of our clients, or a true story about one of our services.

In this session we celebrate one of our clients, David Couch, who is with Wade LLC, and is a web developer in Knoxville, Tennessee.

We had a great Discovery Session with Dave just last week, where he shared with us about what he's up to in his business.

Afterwards, he emailed us and shared with us that he had a great time chatting with us about our accounting services! (Imagine that, having fun chatting about accounting!)

It can be easy as an online business owner to feel like you're on an island, which is a very lonely place to be, and sometimes you just need someone to talk to about your business.

Anyone can contact us for a free Discovery Session where we'll discuss the financial aspects of your business, at no cost.

The Power Play

In this part of the podcast we give you one thing to focus on in your business over the next week.

Today's Power Play is is to understand the various stages of business, discover which stage you're in, and have a conversation with your accountant, so you can make plans based on your current stage.

We hope that our podcast inspires you and provides helpful information as you build your online business!

Links and resources mentioned in today's show:

 

Thank you for listening! We can't begin to tell you how much we appreciate it! If you enjoyed today's show, please share it with your friends and family! Our goal is to help as many online entrepreneurs as possible fix their finances!  Help us help them by spreading the word!

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Your Turn

What stage are you on? Have you been tempted to skip some of the stages? (If so, you're certainly not alone!) Leave your thoughts in the comments below.

Find more about our business coaching services and take your business to the next level!

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