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Understanding Your Business Finances as a Virtual Assistant
It’s so important to pay attention to your virtual assistant business’s finances. The reality is simpler than most entrepreneurs think. It’s so easy to get stuck sweating the small stuff that it creates this paralysis where you don’t want to move forward, where you’re hesitant, where you’re overthinking everything.
I have a special guest here to clear things up and help you get started on the right path when it comes to your virtual assistant or independent contractor business. Pam Pior is a brilliant, down-to-earth finance wrangler who guides you on the path to confident control of your money mindset and business cash flow. Pam knows what you need to understand and she cuts out the rest. She meets you where you are and takes you where you want to go with no unnecessary, complicated terminology or lingo.
Listen in as Pam shares more about
- nurturing genuine relationships and adapting in the online space
- implementing an upsidedown budget to align your salary with lifestyle aspirations
- separating personal and business finances
- the value of establishing a strong financial foundation
- leveraging time, money, and energy for better productivity
This episode will show you that just getting started and doing some basic things with your virtual assistant business finances will set you up for success. The more money you make, the more positive change you can make in the world.
Sponsored by The Digital Marketer’s Workgroup
Already doing the work and have clients? But need more clients and a better referral network? This is your chance to get in with a tight-knit freelancer community and be a part of the behind-the-scenes conversations, encouragement, and troubleshooting that we all need when we’re working solo. We also have advanced trainings, networking opportunities, and job leads. Apply here for my Digital Marketer’s Workgroup
Connect with Pam:
- Instagram: @pamsprior
- Facebook: Pam S Prior
- Website: www.pamprior.com
- Freebie: An Easy to Use Pricing Calculator for Busy Entrepreneurs Are you tired of guessing how much you should charge for your products or services? This will help you find the sweet spot and set the perfect price that maximizes your profits and keeps your customers happy.
Links mentioned in the show
- Watch Pam Prior’s Video on Pricing to learn how to determine the value of your services and set the right prices for your clients.
- Episode 107: Creating Healthy Money Habits with Chelsea Brennan
- Episode 112: How to Raise Your Rates as a Virtual Assistant
- Episode 137: Why You Must Always Charge for Your Services
- Episode 193: How Virtual Assistants Can Transition from Hourly to Project Rates
- Unicorn Digital Marketing Assistant School Self-Study Course: Learn the core digital marketing foundations, strategies, and tech skills you need to become the secret weapon behind every online entrepreneur on the rise.
Recommendations for business finances
- I use an AMEX business credit card. I pay my contractors, software subscriptions, conferences, trainings, and Facebook ads and rack up points (I wanna go to Greece) AND build credit for my business/LLC. Apply for an American Express Card with my referral link: https://americanexpress.com/en-us/referral/EMILYR9VBI?XLINK=MYCP With your new Card, you could earn a welcome bonus and your friend could earn a referral bonus. Terms Apply.
- A must-read for all business owners: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Hardcover by Mike Michalowicz
- My CPA recommends Relay Banking for business: https://relayfi.com?referralcode=ShoupCPA It’s free and I can have multiple accounts to implement Profit First. I do a hybrid of 3 accounts: Operating Expenses, Taxes, and Profit. It makes transferring money & paying contractors easy. *Serena Shoup’s referral link.
Not a course. A collective for marketers already doing the work.
Our Digital Marketer’s Workgroup is a vetted peer community where marketing specialists get real business support and talk shop with people who actually get it. Applications are open now ⬇️
