I don’t know how many of you run your own business but it can be daunting at times.
Today Dave and I are headed to the accountants to talk business and taxes and forms and licenses and whew, starts to make my head hurt.
Here’s my dilemma. The farm is currently under the umbrella of Ball Family Ventures as a DBA. I would like for it to be it’s own entity which sounds simple but it’s not. There are taxes and write-offs and more to be considered.
We’re also looking at a non-profit status for the educational part of the farm. Really, there’s a lot to consider here too and it all affects the future of the farm.
I love to learn but I’m not so inclined toward accounting stuff – hurts my head after a while.
And yet this is a big deal and I can’t blow it off or hand it off if I want to run a successful agribusiness. I need to understand how this all works.
In the great process of streamlining my life and focusing on what I believe I’m called to do, I’m talking with a friend about doing my books on a monthly basis. Easy enough, but I still have to know how the system works in order to give her the proper info.
I love running an educational homestead. I had no idea when I started what it takes to run an efficient successful educational homestead. And by successful, I don’t mean making lots of money – I mean paying the bills and trying to stay in the black.
So I’m off to the accountants this morning to listen and learn and hopefully ask intelligent questions which will further my understanding!
BTW- the juice fast is going very well. Yesterday was supposed to be the rough day but it wasn’t for me. I was home all day so maybe that helped. What i’ve noticed is that some joint pain that I was beginning to notice is gone. I walked down the stairs today like I’d been up all day. Typically I’m a little stiff first thing in the morning. Biggest thing is remembering to drink enough water throughout the day.
Total loss: 3.9 pounds