There are so many things that need to be done in the beginning. When starting your business or opening your Etsy shop you’ve got to choose a name, think about your target market, find your niche, set up a shipping strategy, and that’s just a few of those start up to-dos. Although those are all important, my experience has taught me there’s another key thing to do immediately when you get going and it might even be considered the most crucial.
As soon as you can, open a separate bank account. It’s the number one thing I recommend when people ask questions about starting a business. A lot of the tasks in starting a business can be learned, figured out, or caught up on. Blending your finances is really hard to undo and is even frowned upon by the IRS.
Accounting is probably the least of your worries when starting your Etsy shop and definitely one of the least glamourous parts of being an entrepreneur. Business finances can be confusing (and stressful) enough, make it a little easier on yourself by opening a separate bank account from the very beginning. Luckily, getting a new bank account specifically for your business or Etsy shop is easy to do.
