ADDITIONAL INFORMATION
Coaching calls are $150 per hour session or $75 per half hour. You will only be charged for time used, prorated by 15 minutes. If you schedule an hour and only use 45 minutes, you will be invoiced after the session for 45 minutes, or $112.50. Payment is due the day of the session.
Due to the high demand, there is a limit of 5 hours of scheduled coaching time per calendar year per member. You can schedule a maximum of 5 one-hour appointments or 10 half-hour appointments. You can schedule several appointments in a row to deal with an issue or problem, or ask questions or you can schedule quarterly appointments to review accounting or estimated taxes, and an extra one during tax season.
Members can ask unlimited questions and existing tutorials may help avoid the need for a coaching session, or get some of your questions answered more quickly and lessen the time needed for coaching. Questions can be submitted in the membership community or on the member services page.
Coaching topics can include:
- General business: choosing your form of business, finding a tax preparer, starting your business, developing framework to support quality business decision making, or general knowledge and information about business topics.
- Accounting: understanding your accounting system, using accounting spreadsheets, software and reports as business tools, how accounting works and how it helps you manage your business, how not to be overwhelmed by accounting.
- Accounting system setup. Requires at least one hour appointment, and may require followup. Alternatively, you can access accounting setup and assessment services for $100.
- Hiring employees: determining pay, establishing processes around evaluating performance, converting contractors to employees or deciding between hiring contractors or employees.
- Taxes: estimating taxes, determining what is deductible, reading or reviewing past tax returns.
- Cash management: how much and when to pay yourself as a business, reasonable compensation for S-Corp owners, determining employee compensation, implementing Profit First.
- Financial analysis: creating and using spreadsheets, what to track and how to use the information, budgeting and planning for growth, analyzing the health of your business.
