Episode #16 // Launching and Running a Debt-Free Business

"Get something up and going first. Get the experience. Start making some money and then invest."
- Emily Thompson

In today’s episode of Being Boss, Emily and Kathleen talk about how they build successful businesses with little money and NO investors because as much as they believe in investing in your business and hiring talent to help your business, you shouldn’t have to spend cash you don’t have.

This episode is brought to you by:

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Important Announcements:

  1. Being Boss has a Facebook group! So much valuable conversation and connection is happening over there: Join us to talk about which investments you’re making/planning on making in your business over there!
  2. If you like Being Boss please rate & review us on iTunes – it helps us connect with more bosses to grow our amazing community!
  3. Check out our Being Boss Bundle today! It’s a combination of Kathleen’s DIY Coaching for Creatives email subscription and Emily’s Get Your Shit Together email subscription including all of our best tips, tactics, and worksheets straight to your inbox!

Topics discussed in this episode:

  • Different debt and credit mindsets and how it can affect your business and life
  • The first things we invested in/necessary tools when starting our businesses
  • Thinking of employees as an investment
  • What to invest in first if you’re not a designer or developer
  • Trading services and winging it to find your start
  • Using caution when making an investment—knowing you’re going to use it and that it will help your business grow
  • Things we invested in after a year in business
  • Investing in networking events, conferences, and courses/continuing education
  • Things we’re investing in now
  • How we’re doing with Being Boss: what we’ve invested in to get started!

Making money in your first year of busines

KATHLEEN SAID:

'You don't need fancy equipment. Prove to yourself that you'll actually use it and THEN buy it.' -@andkathleen Click To Tweet 'Prove to yourself that you're actually going to use something before you invest a ton of money.' -@andkathleen Click To Tweet 'Don't think about your brand/video/digital product. Think about the THING you do and WHY you do it.' -@andkathleen Click To Tweet 'You CAN make money in your first year, and you can make GOOD money in your first year.' -@andkathleen Click To Tweet 'What do you have to offer? Are you telling people how to hire you? Sometimes that's all it takes.' -@andkathleen Click To Tweet

EMILY SAID:

It's a great feeling knowing you've worked your ass off so hard, you owe no one for what you built. -@EmilyM_Thompson Click To Tweet 'If you choose the right people, they will give back multifold what you have put into them.' -@EmilyM_Thompson Click To Tweet 'Get something up and going first. Get the experience. Start making some money and THEN invest.' -@EmilyM_Thompson Click To Tweet Starting out, invest in your necessary tools—the tools you have to have to do the best job you can. -@EmilyM_Thompson Click To Tweet 'Trade services! A bunch of newbies getting together and trading stuff is how magic happens.' -@EmilyM_Thompson Click To Tweet

Resources discussed in this episode:

More from Kathleen:

More from Emily:

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TOPICS DISCUSSED IN THIS EPISODE:

  • Different debt and credit mindsets and how it can affect your business and life
  • The first things we invested in/necessary tools when starting our businesses
  • Thinking of employees as an investment
  • What to invest in first if you're not a designer or developer
  • Trading services and winging it to find your start
  • Using caution when making an investment—knowing you're going to use it and that it will help your business grow
  • Things we invested in after a year in business
  • Investing in networking events, conferences, and courses/continuing education
  • Things we're investing in now
  • How we're doing with Being Boss: what we've invested in to get started!

RESOURCES DISCUSSED IN THIS EPISODE

MORE FROM KATHLEEN

Braid Creative
The Braid Method Branding ECourse

MORE FROM EMILY

Indie Shopography
Almanac Supply Co.
Rock Your Web Design Business
Indie Tactics Newsletter

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