Episode 6: The Top 5 Mistakes Self-Employed Professionals Make (And How to Avoid Them)

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In today’s episode, I break down what I believe are the five biggest mistakes self-employed professionals make—mistakes I’ve seen over and over again after working with thousands of business owners over the last 40+ years.

And here’s the key thing to understand:
These mistakes are all connected. Fix one, and you often start fixing the others.

We kick things off with Mistake #5—not hiring a business-oriented CPA—and why simply having “an accountant” is not enough. I explain what separates a true business advisor from a tax preparer, the exact questions you should be asking before you hire a CPA, and why waiting until tax season to look at your numbers is a recipe for stress and missed opportunities.

From there, we move into:

• Why not understanding your financials (profit & loss, balance sheet, cash flow) keeps you stuck and reactive
  
  
• Why doing everything yourself—especially bookkeeping—is costing you more than money
  
  
• Why not asking for help is not a strength, but a hidden weakness that slows growth
  
  
• How not knowing your own strengths leads to poor hires, burnout, and wasted effort
  
  
• Why the vast majority of business owners are structured incorrectly, and how that mistake alone can cost you thousands in unnecessary taxes
  
  
• And finally, why so many self-employed professionals leave legal tax write-offs on the table, simply because they don’t know what they’re entitled to once they’re “in business”

This episode is especially for consultants, coaches, freelancers, and other self-employed professionals who want less stress, better decisions, and a stronger foundation for growth.

If you’ve ever said:

• “I don’t really know my numbers”
  
  
• “I’ll deal with it at tax time”
  
  
• “I should probably be structured differently”
  
  
• or “I feel like I’m missing something important”

…this episode will hit home.

🎧 Tune in, take notes, and I’ll see you in Episode 7.

Thanks for listening!

If you want fewer headaches, fewer IRS surprises, and more smart systems running your business (so YOU don’t have to), let’s talk.

Book a strategy call: www.timewithjoe.com

Because running a business shouldn’t feel like wrestling an octopus… alone.

Also check out:
www.Bedrock360BusinessSolutions.com (Complete Coverage)

www.Bedrock360TaxSolutions.com (Tax Gaurd 365)

www.Bedrock360BusinessTraining.com (Courses)