Start by listing all your income sources and expenses. This could include sales, services, subscriptions, and any business-related costs. Be thorough; every coffee and software subscription counts.

Now, let's break it down month by month. Allocate your income to cover your expenses. This helps you see where your money is going and plan for the future.

Think about where you want your business to be financially in the short and long term. Having clear goals helps you stay focused and motivated.

Consider setting aside a small portion of your income for emergencies. It's like a financial safety net for unexpected expenses.

Explore easy-to-use accounting tools. They can help you track your income and expenses effortlessly. Examples include QuickBooks, FreshBooks, or Wave.

Set aside time each month to review your financial reports. This habit helps you catch any issues early and make informed decisions.

List all your income sources and amounts.

Categorize your expenses (e.g., utilities, subscriptions, marketing).

Allocate an amount to each category.

Calculate your total income and total expenses.

Check if your income covers your expenses. If not, identify areas to adjust.

Write down short-term and long-term financial goals.

Break them down into actionable steps.

Decide on a percentage of your income to set aside for emergencies.