What Are the Best Tax Tips and Financial Management Strategies for Entrepreneurs: Expert Advice from Janelle Borrero

This episode features tax expert Janell Borrero, who shares her journey from state auditor to successful tax accountant.

Janell explains essential tips for entrepreneurs, including the importance of separating personal and business finances, using accounting tools like QuickBooks, and tracking income and expenses for better financial planning. She also discusses the critical role of cash flow, common pitfalls business owners face, and the "Profit First" approach to prioritizing profit before expenses.

Listeners will benefit from Janell's practical advice on intentional financial planning, managing taxes, and balancing work with self-care. Janell and Bunmi emphasize understanding business numbers to achieve financial goals and foster growth. Tune in for an insightful conversation packed with expert strategies to help you manage your finances and create your own economy.

Are you ready to take control of your destiny and pave the path towards financial freedom? Enroll in my interactive online course where I dive into the vital fundamentals of becoming a thriving entrepreneur https://clarolegr.com/course

 

Key Moments: 

03:44 Offering tax planning and budgeting services.

08:20 Top obstacle: cash flow, taxes, expenses.

10:28 "Profit First" focuses on minority business enterprises.

16:28 Identify anomalies, patterns, and potential fraudulent activity.

18:35 Small businesses must track income, expenses monthly.

20:39 Separate personal and business expenses strictly.

26:39 Taking breaks helps to re-energize and refocus.

30:42 Understanding your numbers is crucial for success.

 

About the Guest : 

Janell Borrero, MBA, MAFM, EA, is an entrepreneur and instructor through her business, JBP Accounting Inc., and now Author. Having grown up in Chicago, Illinois, she learned to be tough, enabling her to break many Latina statistics. However, finding purpose and success required her to embrace failure and commit to personal development. Her drive led her to write her debut book, Loving a BiPolar Bear.

Janell enjoys being outdoors and surrounding herself with nature. As a street art enthusiast, she travels to different cities to search for street art murals. Her goal is to create long-lasting memories with the people she cares about most.

How to connect Janell: 

Instagram - Bossladynel

Instagram - Yourshefo  

Tiktok - Bossladynell 

Podcast Website - https://www.shewhothrivespodcast.com/

 

About the Host: 

Bunmi Ajibade is the CEO, Executive Trainer, and Coach of Clarole Growth Resources, LLC. She impacts the lives of individuals, groups, and corporations through Coaching, Training, and Mentoring. Bunmi’s strategies include Creating Awareness, Clarity, and Navigating to be more and do more to achieve success. Through her love, passion, care, and empathy, Bunmi has helped her clients navigate, gain clarity and find solutions that will make them live their best lives and become successful. Bunmi has organized workshops, Seminars, led Leadership discussions, and conducted one on one coaching sessions. Bunmi is happily married and raised three successful sons. She resides in Texas, USA. 

 

How to connect with Bunmi Ajibade: 

Website: https://clarolegr.com

LinkedIn - https://www.linkedin.com/in/bunmiaj/

Facebook Page - https://www.facebook.com/Clarole14

Book a call with Bunmi - http://clarolegr.com/meet