Business Guide for Beginners

Business Guide for Beginners

By Viktoria NedelchevaBusinessEntrepreneurshipManagement
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Business Guide for Beginners episodes

  • Business Structures - A Sole Trader, Partnership And Company
    In this podcast, I’m going to talk about business structures you can choose from when starting a business. The first thing you need to do before you register your business is to choose a business structure. Since the business structure influences everything: from day-to-day operations, to taxes and how much of your personal assets are at risk, you should be aware of the advantages and disadvantages of each of them. This will allow you to choose a business structure that gives you the right balance of legal protections and benefits.This podcast does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content.The main types of business structure around the world are sole trader, partnership, and company. I’m going to walk through each of these three types of business structure and give you the major pros and cons. You’re not locked into one structure forever. A lot of businesses start out as sole traders and they change their business structure when they start getting bigger and carrying a greater financial or legal risk.
    7 min
  • How To Do Accounting For Your YouTube Business
    In this podcast, I’m going to talk about the key point when doing accounting for your youtube business. Since having a YouTube channel is a business, you need to know the importance of accounting for your success. You, as a Youtuber, need to understand and track your income and expenses. Only this way you can make informed decisions about how to make your channel viral. Accounting helps you to keep track of your financial results, understand your spending and how it affects your profit. Accounting plays a big role when determining your tax obligations. In this podcast, I would like to emphasize four crucial tasks to keep in mind when doing accounting for your YouTube business. First, use accounting software to automate the process and make tracking easier. This will save you time and ensure that your records are accurate.Second, build a routine to track all income sources, including advertising revenue, sponsorships, and product sales.Third, build a routine to record all expenses, including production costs, marketing expenses, and overhead costs.Fourth, If you feel overwhelmed, know that you’re not alone. You can always hire a professional accountant if you need help.No matter which accounting software you choose, keep accurate records and update them regularly. Be sure to include all revenue from ads, sponsorships, and product sales in your income column. Then, list all of your expenses, such as hosting fees, production costs, and marketing expenditures.
    5 min
  • Free Invoicing Software - Invoice Generator
    In this episode, I am going to introduce you to a completely free invoicing tool called "Invoice generator". If I could explain this invoice tool in just one sentence, I would say that it is a powerful and free tool to create professional invoices with just one click. You do not need to sign up to use this invoice tool. You can create an unlimited number of invoices directly from your web browser, send them online or download them as PDF files.
    5 min
  • Invoicing
    Invoicing shouldn’t be overwhelming. To make this process a pleasant experience, I am going to clarify what an invoice is and what its minimum required elements are. By understanding these two points, you can create invoices in less time and with more efficiency.
    4 min
  • YouTube Revenue
    If you decide to provide a content on YouTube and expect to earn revenue, you should be aware of all ways you could earn money beaing a YouTuber. In this video I’m gonna talk about the 6 most common revenue types that you are able to receive when providing video with valuable content on YouTube.
    6 min
  • Accounting For YouTubers - The Beginning
    I am sure that for most of you, accounting is the last thing you think about when starting your YouTube journey. In the beginning, you focus mostly on your content, how your content could reach more people, how to convince these people to subscribe to your channel, and things like that. I find this fine. But there is a point of time when you must think about accounting and not only that, but you must act and organize your finances. Therefore, I brought light to some basic questions relating to YouTube and accounting. I am here to break the myth that creative people can’t understand the logic of accounting. I’m going to give you some practical tips on how to do accounting for your YouTube business, even if you don’t have any accounting background. Believe me, it is possible and there is no reason to be scared.
    5 min
  • How To Do Bookkeeping For Print On Demand Business
    In this episode, you'll learn how to start doing bookkeeping for your Print-On-Demand business. The base of an effective bookkeeping system are well organized invoices. They are the backbone of your accurate bookkeeping. It would be good to save all your invoices on both your computer and Google Drive. This way, you and your accountant can reach out to them easily and enter them into your bookkeeping system.
    5 min

About Business Guide for Beginners

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This podcast will help you become aware of the most important business, accounting, and financial topics you need to be familiar with.