How to Make a Successful Business Budget

[@danielcapen1822]

Just came across this video...thank you for sharing it. Answers most of my questions that I had about applying a budget to a business but I'll get the rest of those answers on the 17th! Talk to you then.

[@sugeymancia5806]

First off have a separate bank account from your personal account and pay yourself!

[@nathankring9922]

Paying yourself, if you are the sole member LLC, doesnt mean anything. It is a pass through and any profit or loss flows through to your personal return as a Schedule C. You will then pay income tax and self employment tax on that profit or loss.

[@malachiarmas]

I am 3000 of the 3.5 k views

[@freedomrings4134]

In construction - whats better/ worse? Missing the bigger jobs revenue or the debt from the equipment?

[@Cha_Chink]

Yes the debt from the equipment would be a liability but if you have good paying contracts you can save a lot of money on labor depending on how you pay your guys but it’s easier for them and saves you time to move on other jobs.

[@Thecaveandcognitionmusic]

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