Treat this like a business, not a hobby · Skool Growth Free Training Hub

Treat this like a business, not a hobby

If your goal is to built your Skool community into something that could potentially bring you in enough money to retire your spouse or parents, buy you a house, stay home with your family (or anything else), then you need to be treating it like a legit business.

📋 Build a plan (or as much of one as you can while you're experimenting with what works and what doesn't)

📋 KEEP EVERY SINGLE RECEIPT - if you're ever audited, you need to back up every expense that you say was business-related. If not? HELLO penalties! And the gov't is NOT gentle... oh, and upload the receipts to your accounting software if you're using one. It's a cloud backup that is worth the two minutes to upload!

📋 Track your numbers! You should know exactly how much you're spending vs bringing in - not to scare you or upset you at the beginning of your journey, but so that you can see any negative or positive patterns that might be coming up and adjust (or perhaps celebrate because you hit a money goal you didn't think you were close too yet).

I don't personally care if you're on the Hobby plan or the full plan or not. I'm on the Hobby plan, but I know where I want my community to go, so I'm treating it like it's *not* a hobby. This is my business (one part anyway).

What do you think has been your biggest expense so far in business??

10 comments