How 1 woman built a 7-figure business and is paving the way for more diverse entrepreneurs
: For anyone who is a serial entrepreneur like you and particularly millennials and people from underrepresented backgrounds, many of whom have multiple side hustles: at what point did you realize that you needed an accountant?: I would say, one thing that I really want the readers to understand is that it’s okay if you don’t realize how bad you need an accountant. Having an accountant is a really big expense, especially when you’re a small business…every single dollar counts.
You want to make sure your business is gaining profit, probably making about $10,000 or more, a little bit less depending on how much you want to pay yourself. You need to ask yourself: can your business pay yourself monthly? Do you have a bookkeeper to manage the payments? If you’re currently able to manage your financial statements and they’re correct, then you may be able to do it yourself.
This interview has been lightly edited for brevity and clarity. Keisha Credit is not a licensed tax, legal or accounting professional. This interview contains content that should be used for informational purposes only.
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