When it comes to building your business – that statement is true. But how can you be expected to know? Who told you?

Here's what you do know:

You know that in order to start a business you only need 2 things and that is your product / service and a paying customer.

You know that you have bills to pay and you need to pay yourself. You also know you need to pay taxes on those profits.

You know that LLCs and Corporations are an option.

You know that you want your business to be more than what it is right now.

Here's what you don't know:

Should you form an LLC or Corporation. Will doing so save you money? Will it protect you?

Now that the money is coming... how do you properly pay yourself?

What's the best way to track my expenses, so when it's tax time I'm all set and ready to go.

Which one do I hire? An Independent Contactor or a W2 Employee? How do I know how much it's going to cost me?

How do I know if I'm actually headed in the right direction?

And here's the thing...

Unless you went to college and have a Masters or PhD in Business and Accounting, you won’t know the intricate answers to those questions and that's because... to the unknown - nothing is obvious.

That was the case for me when I first started my business. Bout time I realized that I needed to be self-employed, I already had a full time job and a family to support, so I didn't have time for college. Therefore, I was forced to enrolled in the school of hard knocks. And trust me… that’s a school you want to avoid if possible.

And, truthfully speaking, most people don’t know the gritty details of running a business. They only know how to sell their products and or services. Which is good, but can be misleading.

Ok, yes… I hear it coming. I can read your thoughts and you are thinking what about the profits?

What if I’m making money already? Well that's definitely is great thing as it shows you already have proof of concept and if you can make 1 dollar you can make a million dollars. But consider this: most businesses fail within the first year, even if they are making money. And that’s because making money is not the only thing a business needs to do.

Yes, at its core, the only thing you need for a business to be successful is a product / service and a customer who is willing to pay, but to be sustainable, there’s a lot of other important items that must be known and implemented.

As an Enrolled Agent with the IRS and Business Consultant, I’ve seen firsthand what happens to entrepreneurs when they don’t know all they need to, to make the right decisions. Of course, mistakes will be made in business, but by knowing what you are supposed to know, you can make mistakes that can be recovered from by pivoting and not failing.

No worries, however, The Self-Employed Business Academy is going to show you what you don’t know, and then you'll be in the know. Even as time, systems and processes change, you’ll get lifetime updates. So you still know.