Do You Know What You Own and Owe in Your Author Business? Artwork

Indie Author Biz Guide Podcast

If you are an author, who is or wants to self-publish, and wants to know how to run their business better, this podcast is for you! Join us weekly as we talk about the business of self-publishing, or as I prefer to call it, indie publishing. As an indie author, you have entered the wonderful world of entrepreneurship. This may be your first venture, and you feel like you’re in dangerous, unknown waters. Or you’ve been publishing for awhile, and want to know how to run your business better. Fantasy author and author business coach, Tora Moon, guides you through the rocky waters of the indie publishing industry. She shares business basics and principles you can apply to your author business and interviews other indie authors, who share their experiences and expertise.

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Indie Author Biz Guide Podcast

Do You Know What You Own and Owe in Your Author Business?

March 07, 2023 • Tora Moon • Episode 14

Episode 14
This is the fourth, and last, episode in our Financial Basics for Authors series. In this episode, I talk about knowing what your business owns, what it owes to others, and your owner equity. This information is shown on your balance sheet.

Download a sample financial statement (both the Income Statement and Balance Sheet) to look at while I walk you through them. https://indieauthorbizguide.com/resources/

0:00 This week’s episode
0:33 Welcome to the Podcast
1:36 The Balance Sheet
2:09 The importance of the Balance Sheet
3:32 The Balance Sheet sections
3:43 Assets
6:56 Liabilities
10:41 Equity
12:09 What a Healthy Business looks like
12:22 An unhealthy business’ Balance Sheet
12:53 Resources to help you

Find out more about how I can help you with your author business with Author Business Coaching

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Additional show notes and transcripts are on my website: IndieAuthorBizGuide.com/podcast

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Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via MelodyLoops.com

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Tora Moon

Host