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The Accidental Startup by Danielle Babb

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Chapter 8. Money Basics

Money is the cornerstone of your business, giving you the ability to grow, expand, and create a life for yourself. Many of you, on the other hand, may have the ability to feel successful in your business regardless of the money that you make. Everyone has a different feeling as to what success means to them, but for many of us, our bottom line at least indirectly affects how we feel about our level of success.

In this chapter we’ll discuss the basics of managing your business money, from checking accounts to the impact of your DBA, from handling payroll to contractors and bill pay services.

Business Checking Accounts

One of your first tasks as a new business owner is to obtain a checking account. I remember my very first business ...

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