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@adamhenry Suggest a simple P&L and Balance sheet for this business. Track transactions and update monthly. Post any payments to yourself from the cash to a dividends or similar account. Grab a simple accounting book or PM me if you need help setting it up.
Seeing the profit / loss on the P&L and seeing the book value go up will help you with motivation and knowing where you are. You also will find opportunities to log some expenses to the business (meals, supplies, phone, internet) that will allow you to take advantage of income->expenses->taxes instead of income->taxes->expenses.
One final thought, you are smart and motivated. You have made great progress. Now schedule 1/2 day a week to work on the next / larger venture. Time to accelerate!
Seeing the profit / loss on the P&L and seeing the book value go up will help you with motivation and knowing where you are. You also will find opportunities to log some expenses to the business (meals, supplies, phone, internet) that will allow you to take advantage of income->expenses->taxes instead of income->taxes->expenses.
One final thought, you are smart and motivated. You have made great progress. Now schedule 1/2 day a week to work on the next / larger venture. Time to accelerate!
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