Ask The Mompreneur: How To Teach Yourself What You Need To Know To Run Your Business

By Jennie Wong
The Charlotte Observer.

There are a million things you need to learn as a business owner, in addition to the thing you’re really good at.

You may be a superb butcher/baker/candlestick maker, but in order to survive (not to mention, make payroll), you’ll need to also acquire the basics of business.

And without a corporate training department, who will teach it all to you?

The answer is, of course, you. You will teach yourself what you need to know, as you need to know it.

You can’t learn it all at once, but in the end, if you have your own company or want to start your own company, you’ll need to embrace the ways of the autodidact.

IMPRESS YOUR CPA

Jo Cowan, owner of the blow dry bar Blo Charlotte, was a NICU nurse practitioner before she became a franchise owner and realized that none of her clinical skills were useful for running a small business.

Cowan jokes, “Unless one of my salon customers is going into premature labor, then I’m your girl!”

When it came to decoding the financial aspects of entrepreneurship, Cowan always planned to use an accountant, but she still needed to understand the day-to-day aspects of bookkeeping.

“It was recommended that I use QuickBooks, but initially I had no idea what I was doing. I tried three times to set up my company, but thought I was failing each time. Then I ordered a QuickBooks manual, but that caused me even more confusion because I couldn’t find the answers I needed to my specific questions,” said Cowan.

“Finally, I researched online courses and found one called simply QuickBooksTraining.com, which offered self-paced tutorials with screenshots that I could complete at my own pace. Most importantly, they were organized so that I could learn what I wanted and skip the parts which were not relevant to me. I knew I had made a great decision when the time came to print out my general ledger for my tax accountant and he told me it was excellent!”

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