Tried and True Money Advice Every Newbie Business Owner Should Remember

Starting your own business (and running it for that matter!) is no easy feat. It’s stressful, it’s expensive, and sometimes it feels like the only person to blame for something not going right is yourself. But it doesn’t have to be this way. 

Marketing yourself and your products to the right people, figuring out your finances, and avoiding burn-out is crucial to whether or not your business makes it, especially in the first few months or year. We polled our community of entrepreneurs, small business owners, and influencers for the simple, yet effective financial planning reminders they swear by.

 From investing in yourself to prepping for tax returns, these ladies thought of everything. Read on to learn what they wish they knew about saving when they were beginners.

 

 

View this post on Instagram

 

A post shared by Randa✨Nutrition for Moms (@randanutrition) on Sep 15, 2020 at 12:28pm PDT

“Invest in your business. Hire out the tasks anyone can do and focus your time on projects only you can do (like content creation).” Randa Derkson of Randa Nutrition 

 

View this post on Instagram

 

A post shared by Self Massage Tools . Self Care (@wellmeliving) on Jun 24, 2020 at 11:29am PDT

“You don’t need to spend a lot of money on marketing. You need to show up authentically every day. Be consistent in the look and feel of your account.” Catrina Zaza of WellMe Living Inc. 

 

 

View this post on Instagram

 

A post shared by Teresa Speight (@cottageincourt) on Sep 3, 2020 at 10:41am PDT

“Spend wisely. All that is promised may not pan out. A little here, a little there goes further than putting everything in one basket.” Teresa Speight of Cottage in the Court

 

 

View this post on Instagram

 

A post shared by Elizabeth Kate (@vivieimpara) on Sep 13, 2020 at 6:03pm PDT

“Start small. Utilize all of your resources and stay strong and positive. Work hard – but take breaks too.” Elizabeth Kate Uva of Vivi e Impara

 

 

View this post on Instagram

 

A post shared by Ann (@bloominganomaly) on Feb 9, 2020 at 1:31pm PST

“Don’t be afraid to spend some money to make money. You will save time in the long run.” Ann of Blooming Anomaly 

 

 

View this post on Instagram

 

A post shared by Jen | St. Louis Family Blogger (@andhattiemakesthree) on Sep 19, 2020 at 6:40am PDT

“Get your books prepared for business and taxes. Keep track of all your freebies and payments to make tax time smoother.” Jen Cowan of And Hattie Makes Three

 

 

View this post on Instagram

 

A post shared by Women Health Hub (@womenhealthhub) on Sep 15, 2020 at 7:11am PDT

“Only spend if you REALLY have to. Go for free stuff as much as you can. Invest in Canva Pro + email marketing platform + pin templates. That’s it!”  Sabika Hassan of Women Health Hub

 

 

View this post on Instagram

 

A post shared by 💛 Jen from Craftic (@crafticland) on Jul 31, 2020 at 11:55am PDT

“Slow growth is better than no growth!” Jennifer Refat of Craftic 

 

 

View this post on Instagram

 

A post shared by Jamila Kyari | Influencer (@jamilakyari) on Sep 21, 2020 at 12:45pm PDT

“Keep your personal and business finances separate”. Jamila Kyari of Jamila Kyari Blog

 

 

View this post on Instagram

 

A post shared by Cara Owens 💋Kindly Unspoken (@cara_kindlyunspoken) on Sep 17, 2020 at 2:57pm PDT

“It’s important to be smart with your expenditures in the beginning, but it’s important to remember to invest in your business. I always set aside a budget for courses and tools that would help me grow and it’s always well worth it!” Cara Owens of Kindly Unspoken

Join the BlogHer Creators Facebook Group to connect with other content creators and entrepreneurs in our community.