285 - Understanding Your Books and Profitability with My Student, Stephanie Stuart

On today's episode of the podcast I chat with former Unf*ck Your Biz student Stephanie Stuart about how the program helped her save on unnecessary business expenses she didn't know she had, get her bookkeeping in order, and legally form her second business.

The doors are officially open to Unf*ck Your Biz, a step-by-step framework to get your legal and tax shit legit. The doors are only open until May 24 so learn more about Unf*ck Your Biz at unfuckyourbiz.com.

Stephanie has been in business for six years as a Phoenix-based interior designer focusing on business and residential construction products. She spent three years in California and then three years in Phoenix. She has a six figure business and with a slower year last year, was able to focus on unf*cking her biz. Recently she has started a second business as an installer of a specialty decorative resin product, 3Form.

Moving from California to Arizona, Stephanie needed to unf*ck her biz because she had not properly closed it in the state of California and was still paying $800 a year despite no longer being there. When you move, you want to transfer your LLC right away, it's called domestication if your state allows it.

During her time in Unf*ck Your Bix, Stephanie left for a little white then came back and rejoined because she knew she still had parts of her business to get together and didn't make the time to take enough advantage of it the first time. She got a good base line the first time but really wanted to understand these aspects of her business so she joined again to get a deeper understanding and she loves the bookkeeping and customer support.

Currently, Stephanie is working on her bookkeeping. She uses Quickbooks for her S Corp business and a spreadsheet for her LLC resin installation business. The new business has larger, more simple transactions and Stephanie uses the weekly co-working to hold herself accountable to keep her books up to date.

Unf*ck Your Biz helps with business projections and setting business goals. Stephanie has started looking at her books as more than furniture and services and has broken it out more by package and what packages are making more money or how many more consultations or certain types of packages she wants want to offer more of than others and if she needs to tweak her offers or messaging.

Stephanie filed her LLC for her second business during the program after winging it for her first business years ago. She unknowingly paid franchise tax for three years on the LLC after leaving California. Unf*ck Your Biz has given Stephanie peace of mind in her business.

285 - Understanding Your Books and Profitability with My Student, Stephanie Stuart

Two Step