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EDUcreator Club Newsletter

Are you doing these 3 things?

Published about 1 month ago • 2 min read

Hey Reader,

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Most new entrepreneurs I meet with say that a big challenge is simply not knowing “all the things” they need to be thinking about, outside of their product, service, or creative work.

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If you're building something, big or small, that involves selling anything, here are a couple of those “things” you should be thinking about.

Protecting yourself legally.

If you’re making money, make sure you are properly structured to protect your personal assets. The worst time to figure this out is after someone is upset with you, so I strongly suggest you look into it earlier rather than later.

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IMPORTANT NOTE: I am not a lawyer, so I won’t tell you the best way to do this.

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Find yourself a good attorney. They will be invaluable.

Tracking and understanding your numbers.

The second you start making money, you need to know your numbers. Your system for this does not need to be complicated. Use a Google Sheet, or utilize free software like Wave or ZohoBooks.

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You don't need to stress over your balance sheet, EBITDA, or your company's valuation. Just know what's coming in, what's going out, and when you run out of money.

Paying your taxes.

Do some Googling and calculate how much you should be setting aside and paying in estimated taxes. Better yet, find yourself a good tax person. They (like a good lawyer) will be invaluable.

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The best advice I can give is to go start thinking of these things now. The more your business grows (and hopefully it grows quickly for you) the harder it is to catch up on this stuff.

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Like with anything I share with you, if you ever want to connect and chat through things, just hit 'reply' and let me know.

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I hope this helps.

~ Jeff

I appreciate you.

Jeff Gargas

COO / Co-Founder, Teach Better Team

P.S. When you're ready, here's how I can help:

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Did you get to here?

I wanted to test something out this week. If you've read down to here and notice that a few things are missing, I'd love to know.

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Hit 'reply' and let me know what part you wish would have been here:

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EDUcreator Club Newsletter

by Jeff Gargas & The Teach Better Team

Helping educators create and grow brands to promote a product or idea they want to share with others to better education. Tips, tricks, and resources for educators creating content and/or launching side hustles to share their passions.

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