Drone Business Back Office
Learn how to build a solid foundation for a successful drone business.
Behind every successful business is an organized back office.
Having your bank accounts, books, tax-related documentation, and insurance in order will help you to keep your business running smoothly and efficiently.
While a proper back office setup is crucial for the success and profitability of your business, it’s also required of you to keep your records organized so that you can correctly and accurately file your taxes each year.
Needless to say, maintaining an orderly back office is essential.
But if you’ve never owned and operated your own business, you may feel a little intimidated by the fact that you’ll need to know how to do all of this.
Even if you have run your own business before, it can still be a little unnerving to know that, unless you can afford to hire accounting and tax specialists, you’ll be in charge of keeping your back office organized.
Instead of constantly worrying and wondering if you’re running the behind-the-scenes aspects of your business properly, let us help!
What will I learn in this course?
In the Drone Business Back Office course, we will teach you everything you need to know about business banking, bookkeeping, business taxes, and drone insurance.
Here’s exactly what you’ll learn in the course:
- How to set up and register your business entity.
- How to create an operating agreement.
- How to apply for an Employer Identification Number (EIN).
- How to set up your business bank account.
- How to set up your accounting software and link it to your business bank account.
- How to create and send invoices to your clients.
- How to categorize your expenses.
- How to interpret your profit and loss statement.
- How to track your business expenses for tax deductions.
- How to determine which taxes you need to pay, how much you need to pay, and how to actually pay them.
- How proof of drone insurance can help you land more jobs.
- How to choose a drone insurance provider and policy that will fit the needs of your business.
- How to avoid crashing your drone.
- How to navigate the insurance claim process in the event that you crash your drone.
Once you complete the course, you’ll be able to smoothly run your back office.
In the Drone Business Back Office course, you’ll learn from industry experts that will show you exactly how to set up your back office & insure your drone.
Meet Your Instructors:
Anthony (“AJ”) Duesler, Guest Instructor, CPA
Anthony is a CPA with over a decade of experience. He’s worked for accounting firms, working his way up to Tax Manager for a regional CPA firm before deciding to start his own tax practice. (He also does Drone Launch Academy’s business taxes and David’s personal taxes, so we trust him!)
AJ will teach you all about setting up your business entity, bookkeeping, and taxes.
Ilan Yusim, Guest Instructor, Skywatch.ai
Working for Skywatch.ai, Ilan helped create and market the world’s first on-demand, telemetry-based insurance solutions for mobility in the emerging drone industry.
Ilan will teach you about different policy types and pricing, getting the RIGHT insurance for your jobs and all about the inevitability of crashing your drone.
Course Curriculum:
| Introduction To Drone Business Back Office |
|---|
| Welcome! |
| Be Business Ready 1 - Business Entity and Banking Setup |
|---|
| 2 - Your Instructor in This Section |
| 3 - What Is a Business Entity? |
| 4 - Why Bother With a Business Entity? |
| 5 - Different Types of Business Entities |
| 6 - What Type of Business Entity is Right For You? |
| 7 - How To Set Up and Register a Business Entity |
| 8 - How to Create and Operating Agreement |
| 9 - Applying for an Employer Identification Number (EIN) |
| 10 - Sole Proprietorship Setup |
| 11 - What is an S-Corporation and When to Switch |
| 12 - Setting Up a Business Bank Account |
| Be Business Ready 2 - Bookkeeping |
|---|
| 1 - Wave Intro & Setup |
| 2 - Creating and Sending Invoices |
| 3 - Linking Bank Account to Accounting Software |
| 4 - Categorizing Expenses |
| 5 - Interpreting Your Profit and Loss Statement |
| Business Taxes |
|---|
| 1 - Tracking Expenses For Tax Deductions |
| 2 - What Tax to Pay, How to Calculate, and How to Pay |
| Drone Insurance |
|---|
| 1 - Intro to Drone Insurance |
| 2 - About Skywatch.ai |
| 3 - What Will Be Covered In This Section |
| 4 - Why Do I Need Drone Insurance? |
| 5 - Different Types of Drone Insurance |
| 6 - Getting The Right Drone Insurance |
| 7 - Policy Duration, Pricing and Management |
| 8 - Fly Safe, Pay Less |
| 9 - Meeting Client Demands: Proof of Insurance |
| 10 - What To Do When You Crash Your Drone |
| 11 - Drone Insurance Claim Process |
| 12 - Lessons Learned: How to Avoid Crashing Your Drone - Train and Prepare |
| 13 - Lessons Learned: How to Avoid Crashing Your Drone - Take Off |
| 14 - Lessons Learned: How to Avoid Crashing Your Drone - Flying |
| 15 - Lessons Learned: How to Avoid Crashing Your Drone - Landing |
| 16 - Drone Insurance Q&A from Live Class |
| Sales Tax For Drone Businesses |
|---|
| 1 - Introduction |
| 2 - Taxation on Digital Products |
| 3 - What Is "Economic Nexus"? (And Why It Matters) |
| 4 - Tax Rates, How to Collect and Bookkeeping Setup |
| 5 - How to Register For Sales Tax With Your State |
| 6 - How (and How Often) to File and Pay Sales Tax |
Once your back office is in order...
You’ll be able to focus the majority of your time and effort on growing and scaling your business.
So what are you waiting for?
Get started with Drone Business Back Office today so you can run your business like a pro!