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Do You Know What You Own and Owe in Your Author Business?
Manage episode 357299477 series 3421360
Konten disediakan oleh Tora Moon. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Tora Moon atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Episode 14
This is the fourth, and last, episode in our Financial Basics for Authors series. In this episode, I talk about knowing what your business owns, what it owes to others, and your owner equity. This information is shown on your balance sheet.
Download a sample financial statement (both the Income Statement and Balance Sheet) to look at while I walk you through them. https://indieauthorbizguide.com/resources/
0:00 This week’s episode
0:33 Welcome to the Podcast
1:36 The Balance Sheet
2:09 The importance of the Balance Sheet
3:32 The Balance Sheet sections
3:43 Assets
6:56 Liabilities
10:41 Equity
12:09 What a Healthy Business looks like
12:22 An unhealthy business’ Balance Sheet
12:53 Resources to help you
Find out more about how I can help you with your author business with Author Business Coaching
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Additional show notes and transcripts are on my website: IndieAuthorBizGuide.com/podcast
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To get more in-depth assistance with your author business, my Author Business Coaching may be for you.
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Check out my fantasy books
Learn more about, and purchase the book: Business and Accounting for Authors
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LinkedIn: tora-moon-author-bizguide
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Instagram: @toramoonindiebiz
Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via MelodyLoops.com
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