“The transformation from amateur to entrepreneur begins with knowing your numbers”
CFO Michael King joins us today for an invaluable conversation chock full of financial business insights. Michael, the CEO of KFE Solutions and I Am Michael King, has made a career of demystifying the overwhelming world of business finance with the goal of helping every day business owners make better decisions. This is one conversation that you aren’t going to want to miss!
In this episode, we’ll cover:
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The US Government’s Covid-19 small business stimulus programs, including EIDL, PPP and emergency grants, and how you can take advantage of this opportunity
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Why 70% of small businesses fail in the first five years
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The”Critical 4” financial numbers that every small business owner must know in order to build and maintain a successful business.
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Tips on what you can (and can’t!) write off on your business taxes
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The correct way to record business expenses vs personal expenses in order to safeguard your LLC
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“Corporate veil”: What it is and how can you ensure that you keep it safe
What did you learn in this episode? Let us know by screenshotting this episode, sharing it to your Instagram Stories, and tagging @i.am.michael.king and @andreasagerlaw with a note about what you learned! We’ll be regramming your posts every week.
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020.