Today we are going to be talking about how to launch a business for your Kingdom, and how to choose an entity type for that business. So first things first, what are the different options?

Sole proprietorship: A sole proprietorship could be right for you if you want to run a small-ish operation, with a few employees or contractors. For this type of business, you need to be comfortable making 100% of the business decisions.

+ there is no legal paperwork involved (apart from local licenses/permits)

- It can be hard to get financing since banks and investors see a sole proprietorship as a risky business entity.

Partnerships: If you or your industry thrive better in a creative and collaborative environment, a partnership might be the right type of business for you. Popular examples of partnerships include law firms, bars and restaurants, creative agencies, and family businesses.

+/- Partners equally share all costs, debts, and losses (except in limited partnerships)

C Corporation:...

Recently I have started talking about mindset shifts here on the blog - while this topic is always sprinkled into my YouTube, Facebook, and Instagram content I'd like to dedicate a moment to further discussing ways to improve your life and your Kingdom once you understand Velocity Banking and have your finances in order. 

 We all know that maintaining a firm understanding of your finances removes many stressors from the average person's life - many people who have all of that under control still don't have their Kingdom in order. So, let's talk about 5 things you can work on every day that will help put your Kingdom in order:

1. Find Your Rhythm: As entrepreneurs and business owners, many of us forget where the lines of our work and home lives begin and end. Set clear boundaries for yourself and the people you love so that there is a clear understanding of when work begins and ends - there are exceptions to this rule (it's also good to have guidelines for what those exceptions are).

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