My Businesses


Business 1: 2010: The Budgetnista (speaking, spokesperson work, books etc.)
Business 2: 2016: The Live Richer Academy (my online school)
Business 3: 2018: Marketing company
Business 4: 2018: Mali More (children’s (financial) education multi-media company):
Business 5: 2018: Live Richer Foundation. My new nonprofit. 


1. The VERY 1st person you should hire is an accountant (Uncle Sam is petty). Meet with them quarterly. Most are cheaper than H&R Block. A good one also provides strategic business advice. Find one with a lot of small business clients. Ask folks for referrals.


2. 2nd person to hire, a bookkeeper. They don’t cost much and, money in, money out is your business’s LIFEBLOOD. They will help you to create weekly, monthly, yearly financial pictures of how your company is REALLY doing. Their reports are what you give to your accountant.


3. In the beginning get control of your personal finances & cut back. Nothing kills a business like not being able to pay bills. Reduce your expenses so you can give yourself time to grow a profitable company.


4. Be conscious of your ROI (return on investment). In the beginning, invest in things that will yield a direct return. If you’re a baker, think flour, sugar & eggs v.s. business cards and marketing swag. You can make a cake and get a direct return with “baking materials”. Don’t look like a business, but have no real business. You can swag-out when you’re making more money.


5. Make entrepreneur friends. Your peers will push you to the next level. The fastest way to level up is to interact with at least one person a few steps ahead of you.

[bctt tweet=”Wow! You need to know these 10 things BEFORE you start your business!” username=”thebudgetnista”]


6. Build a team. You can not and should not do it all. Practice with interns. The better you get at being a leader, the faster you’ll grow.


7. DO.THE.WORK.REQUIRED. You work hard? Great! But is it the work required? Here’s how you know. If it is, you’ll have attained the goal. The work required means doing what it takes, for as long as it takes to get the goal.


8. It’s supposed to be hard. Hard does not mean impossible. I look forward to challenges now, it means I’m leveling up. To be a BIG winner, you must learn to manage “losing”. Expect it. Greet it warmly. You’ve learned something new. You’re growing!

P.S. Falling is not failing


9. Include self-care. Traditional success is not the only goal. How will you meet it? Healthy? Happy? Whole? Make taking care of you and maintaining positive relationships a priority.


10. Take YOUR TIME. Everyone’s path is different. Choose to enjoy it. The journey & the dream are one and the same. There is no “end” to rush to. The true joy is found on the path.

If you have a business, what do YOU wish you knew? Share in the comments.

Live richer,



About the Author Tiffany Aliche

Tiffany “The Budgetnista” Aliche, is an award-winning teacher of financial education, America’s favorite, personal financial educator, and author of the New York Times Bestselling book, Get Good with Money. The Budgetnista is also an Amazon #1 bestselling author of The One Week Budget and the Live Richer Challenge series and most recently, a children's book, Happy Birthday Mali More.

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