How to De-Risk the Move to Self-Employment with Matt Baker Artwork

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Podcasting Made Simple

How to De-Risk the Move to Self-Employment with Matt Baker

March 24, 2020 • Alex Sanfilippo • Episode 39

If you're considering making the move to self-employment from a traditional job, this episode is going to help you de-risk the move to full time entrepreneurship!

MORE FROM THIS EPISODE: HTTPS://PODMATCH.COM/EP/039

In this episode, Alex Sanfilippo and Matt Baker discuss how to de-risk the move to self-employment.

They go over different kinds of barriers that people have to get through or get over in order to make the move to self-employment.

They also discuss the 7 Financial Disciplines and why they matter.
The 7 Financial Disciplines:

1. Regularly review your finances
2. A budget: having targets around your outcomes from revenue and expenses
3. A process where you save money for taxes
4. Proactively reducing debt
5. A way to pay yourself out of your earnings so you know what you made
6. Establish a specific structure for your business i.e. Inc., LLC, Sole Proprietorship
7. A process to maximize your write-offs for tax time

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