An Entrepreneur’s Guide to Small Biz Bookkeeping is a free course at Udemy by Greg Lam of the Small Biz Doer:
The course is called “An Entrepreneur’s Guide to Small Biz Bookkeeping”. You can check out my course for free by going to udemy.com/an-entrepreneurs-guide-to-small-biz-bookkeeping/. It’s designed for small business owners struggling to learn how to keep their books in order. Most courses either teach you bookkeeping or accounting software, but rarely both. This course makes sure you understand what’s going on behind the scenes.
I created the course and my business because accounting is something that needs to be done in business, it’s unavoidable, yet it’s not something people totally understand. The difference between cash flow and profit, balance sheet and profit and loss statement, accrual accounting vs. cash accounting. Even if you won’t be doing your books, or won’t be doing them for long, it’s important to understand the financial basics of small business.
I’ve been writing about small business on my blog at www.smallbusinessdoer.com for 3 years now, but I’ve been a small business guy for 15.
My plan really is to become better and better in the nice of teaching business people how to best do, understand, and manage their small business bookkeeping.
Getting those small aha moments when an idea comes into place or when I actually finish up a big project are some of the better moments. The not-so-great moments are dealing with unmotivated employees or angry customers.
In some ways you have to just make mistakes and learn from them. However, I’d say the biggest lesson is to if you have a lot of overhead, or high bleed rate of cash, you should have a good chunk of investment ready to cover that and an exit plan if it doesn’t work out. Lastly, I’d say that there’s always another day to try again. Failing isn’t the end of the world.