
welcome back in today's your money matters how to tackle your finances after layoffs Kevin re the CEO and cofounder I'll ride on tom is a free website that helps people manage their money if they work for themselves he's joining us right now Kevin welcome to the midday news thanks for having me %uh let's not talk much as you used to be a programmer for into it we know it's weird because a turbo tax and what not people are familiar with this product hi now your competitor what led to that or actually not a competitor for into it as much we r for things like spreadsheets and manual pencil on paper type: in approaches because most people only got the start a business it's usually just them and for many people especially for shipping lane of it might be the first time they know very little about what it takes to can manage their money report things to the government and a lot of folks come a couple things together with spreadsheets and personal papers and filing cabinets and so we try to help them with that when he developed a product use years because you think your product is much better than anything out there are others not nothing out there quite like it out what makes outright dot com oz specials in your eyes so what we try to do is keep it is dead simple as possible basically you track your income your expenses I to stay on topic love tax deadlines to pay estimated taxes I want the big things when you're self-employed making the switch is that if the taxes four times a year us we have people San top that see how their businesses going will try and keep is so simple that it's very so much spreadsheets that people might have set up on our own we actually had people send in spreadsheets to model the software after that what are some other chips you've gone from working for big corporation to going to work for yourself where some the things that you've learned that really should be a part of our anyone's plan to go out on your own and start a new business certainly so the biggest thing is to get organized I'm so we talked a little bit about love for singing it now is what are the important tax deadline to raise the quarterly taxes if you hired independent contractors you have to send a 1099 at the end of the year I'm use online banking to go back into history to look to your financial records to see if there were any expenses that I'm that you stars not from hey one of the things that you say is use social media this is something that people who have started their own business ten years ago never had in this is now something that you can use and it's free and it's something that before would cost tens of thousands of dollars to get the word out about your company yes in fact in the early days of starting a business the number one source of customer sales is going to be from your network through word of mouth and when the best things about using social media is that it allows you to get that out and extend your reach to a broader audience and very little cost at tell me what it's like though how do you divide your work schedule up people are used to going into the office clocking in doing a day's work and then going home how do you goal from having someone as your supervisor to being your own supervisor how do you manage your time are if you're used to the 925 role how do you go from being being in an office to being at home in having to keep your own time schedule well it is one the biggest adjustments that you have to make in fact wanted a his advice we give people is at you need to have an honest conversation yourself to know to figure out if you have the drive to stay on topic to get out there and network to get customers and when you do get customers you want to serve those customers very well because happy customers are the best sales force can ever come up with in one of the things that's your website are right dot com does go is to make sure the money is there in to know where their money is going how important is that it's critical cash flow is the number one thing that drives a successful small business unknowing how much money is coming in for your best customers are for a lot of small business owners it's hard to get the no single view of that so we provide a report that shows you for your best customers how much money making and then how much you spending on your business are you spending more than you they will is coming in you know how profitable are you lots of folks out there bottom line of n wanna start up their own business given refueled certainly provided as some food for thought thanks very much outright dot com is the name of the website go visit a recap of their cannons business advice you can log on to see are rather wgn-tv dot com slash midday next in the midday fix ideas