98. How to make $250k/year profit from your Pilates studio, with Josh Richardson and Raphael Bender
Pilates Elephants
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What's the Third Account?
Business owners can set up three accounts. One is your trading account where all the money comes in and all the money goes out. The other two are for savings and reinvestment back into the business. Look at your financial data every week to work out how much you have to set aside for income tax, services tax and payroll liabilities. And that's using a good accounting software like zero or myob or record or QuickBooks.
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