This article wraps up my story of becoming an entrepreneur. Thanks for reading. As we discussed the tips and lessons I learned to help build a successful business, I am thrilled to leave you with this final piece.

Owning your own business is a dream come true! There’s nothing like the amazing feeling of getting your first shipment of business cards, hiring employees for your team, speaking with customers about how your business will service them – and overall joy of enjoying your passion daily.

Ready to make a career change to self employment? The first step forward is to evaluate, and yes take the leap. Once you’ve committed, it’s now time to create your business formation, including short and long-term planning.

At a young age, we are all told to just get a job, go to work and earn money to be able to provide for your family. This is often reflected as the key to living the American dream.

CEOs know it’s important to study their Financials. They look at their balance sheet and everything looks great. Margins are increasing! Debt is low! Then they recall the famous quote, “It’s a write off, just write it off” without thinking about their COA. And before they know it, they‘ve set off a dreadful nightmare for their accountant, one that will be expensive and tedious to fix.

As small business owners, we are constantly looking at our bank accounts - reviewing bills to pay and trying to remember which customers still need to pay us. It is essential to ensure we have the funds needed for expenses and growth. It is a daily chore to review bank balances, statements, and transactions. Without cash in the bank, our business may abruptly stop. We all know Cash is King.