Hey all! I’m back with another income and traffic report to share with you today. I started doing income reports as a way to be more transparent about my business and hopefully shed some light on ways that you can grow your own online business, too.
I know that sharing one’s income online, for the world to see, is kind of a strange thing to do. Trust me, it took quite a bit of courage (and convincing from my friends!) to share this data with you. In fact, I held back from sharing my income reports in the past because I never (ever!) wanted to appear like I was flaunting my results. Rather, I do this because I genuinely desire to help you grow your own business and want to provide some behind-the-curtain results of how I’ve grown and tweaked my own. I want to show you both what worked for me and what didn’t so that you can apply those lessons to your own dreams. My overall hope is that my income reports inspire or inform you to create and grow your own online biz…
BRINGING ON ANOTHER ASSISTANT
I decided to bring on another assistant toward the end of January. One of the biggest lessons I’ve learned over the past few months (and am still learning!) is that delegation is insanely important for growth. There is lit-rally (Chris Traeger voice) no way that my business would be growing the way it is without the support of the two online assistants I have. I used to be so squeamish about paying other people to help me, but I’m so glad I’ve started to see the light. It’s saved me sanity and allowed me to focus more on the things I enjoy doing and am best at. #Halle-frickin-lujah ?
GOOD NEWS ABOUT TAXES!
Lastly, I decided to reach out to an accountant (first time!) to help me with my taxes. My business is registered as an LLC, but he told me that because of my income, filing as an S Corp would save me about $10k. I have no idea what all of these letters really mean, but saving $10k is definitely in my vocabulary. ? Anyways, I was really glad that I hired an accountant and had no idea about the potential savings here. Woo! Well, peeps, that’s a rap! I hope this report was interesting or helpful for you. I’m really looking forward to March (as it’s already the end of February, say whaaa?) because I’ve got some suuuper exciting things in store. Hollaaaa.