
In 2024, the Small Business Administration reported that 99.9% of all businesses were “small.” If you’re one of the many self-employed people in the U.S., your business may be considered small, but your financial challenges are likely big.
As a sole proprietor or someone who owns a one-person business, you typically earn less on average than most W2 workers. Plus, you must pay for your health insurance out of pocket, keep track of your personal and business budgets, and handle your business taxes.
How can you make it all work? Instead of leaving things to chance, you can use systems that help you separate and manage your business and household finances.
1. Pay yourself
One of the most common problems small business…