The Business Behind Small Business

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We are two women with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should in

The Business Behind Small Business


    • Apr 21, 2025 LATEST EPISODE
    • monthly NEW EPISODES
    • 50m AVG DURATION
    • 88 EPISODES


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    Latest episodes from The Business Behind Small Business

    How To Create Service Packages

    Play Episode Listen Later Apr 21, 2025 43:00


    87. Creating service packages for your small business may be one of the hardest things to do! Sevana and Tiffany tackle how you create service packages in today's episode and how to convey your value to your clients!************************Our podcast is originally a video podcast, so see us on YouTube or Spotify too.************************Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode!**************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.#smallbusinessadvice #entrepreneurship #servicepackages #businesspodcast #businessreferrals #howtogrowabusiness Alternative Titles:Service Based Business PackagesValue & Business

    The Everything Business Episode

    Play Episode Listen Later Mar 1, 2025 51:16


    86. How does the demise of DEI affect small business? What to do if you are a government contractor in 2025? How to know what profit margins should you have? How much does your payroll really cost you? Today, Sevana and Tiffany talk a little bit of everything in business.************************Our podcast is originally a video podcast, so see us on YouTube or Spotify too.************************Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode!**************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.#smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness Alternative Titles:Is DEI dead?Messy Affairs of Government ContractingKnow Your Profit Margins

    Tariffs and the Impact On Your Small Business

    Play Episode Listen Later Feb 3, 2025 54:52


    85. We recorded this episode just before inauguration where tariffs were a mere speculation, little did we know that so quickly thereafter, it is now a reality. In today's episode, we talk about the real-life impact that tariffs can have on your small business and ways to prepare for the downstream effects. ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness Reference/Resources Used In this Episode: ⁠Brookings POLITICO Alternative Titles: Trump's New Tariffs Import Export and Small Business Tariffs on Mexico, China, and Canada

    Power vs. Status in Business

    Play Episode Listen Later Dec 19, 2024 55:36


    84. Sevana and Tiffany explores the differences in how men and women approach power and status in business. There is a very fine balance between being competent and likable, how your power and status is impacted of cultural influences, and the necessity of self-awareness in navigating the business landscape. ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ 00:00 Understanding Power and Status 01:49 The Gender Dynamics of Power 06:16 Defining Power and Status 10:24 Historical Perspectives on Gender and Power 12:34 Men's Approach to Power and Status 15:21 Women's Unique Communication Styles21:36Building Influence Through Collaboration 23:16 Understanding Communication Styles Between Genders 25:40 Risk-Taking and Business Strategies: A Gender Perspective 29:15 The Role of Warmth and Competence in Business 31:06 Navigating Gender Dynamics in Professional Settings 34:52 The Evolution of Communication: Passive Aggressiveness and Mansplaining 40:29 Navigating Gender Dynamics in Conversations 43:12 Cultural Influences on Power and Status 45:55 Self-Awareness and Business Leadership 48:51 Hiring for Success: Balancing Personalities 52:30 The Importance of Accountability in Business 53:03 Resources for Business Growth and Learning ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness Reference/Resources Used In this Episode: https://www.psychologytoday.com/us/blog/the-new-paradigm/202406/on-the-power-and-roles-of-men-and-women https://www.axios.com/2022/04/05/elon-musks-power-grab https://news.cornell.edu/stories/2024/11/dual-tracks-top-men-often-linked-power-women-status Alternative Titles: Navigating Power and Status in Business The Gender Dynamics of Leadership Background and Culture in Business

    2024 Elections and the Potential Effects On Your Business

    Play Episode Listen Later Oct 26, 2024 31:40


    #83. Trump. Harris. Harris. Trump. How does their plans impact you as a small business owner? That's the center of today's episode - breaking down the main parts of each candidate's plans for taxes and the economy so you can make the vote that is right for you! ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness #2024elections #trumpvsharris #trump #harris Reference/Resources Used In this Episode: https://en.wikipedia.org/wiki/Wharton_School  https://budgetmodel.wharton.upenn.edu/issues/2024/8/26/harris-campaign-policy-proposals-2024 https://budgetmodel.wharton.upenn.edu/issues/2024/8/26/trump-campaign-policy-proposals-2024 Nonpartisan Political Websites: Ballotpedia: Ballotpedia.orgProvides comprehensive profiles on all candidates, including their platforms, backgrounds, and voting records. Vote Smart: VoteSmart.orgNonpartisan resource offering information about candidates' positions on issues, voting records, speeches, and funding sources. On the Issues: OnTheIssues.orgFocuses on where candidates stand on a wide range of policy issues, making it easy to compare different stances. FactCheck.org: FactCheck.orgA nonpartisan fact-checking site that monitors the factual accuracy of candidates' statements, interviews, and speeches. Alternative Titles: Trump vs. Harris Budget Talk For Trump and Harris Let's talk budget for 2024 Elections

    Defining Your Customer Experience

    Play Episode Listen Later Aug 26, 2024 53:52


    #82. Alfred Peet changed the way Americans experienced coffee, paving the way for his first shop in Berkley, California. But he didn't only define the customer experience for his own stores, he also helped 3 co-founders learn how to brew coffee for a shop they will start in Seattle, WA that will end up being a well-known coffee business all over the world. Today, Sevana and Tiffany take a lesson from the business story of Peet's Coffee and Tea and talk about how you can define your customer experience to up-level your company to new success. Topics in today's episode includes: - How Peets and Starbucks crossed paths - 5 ways to define your customer experience, even on a shoestring budget ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness References / Resources Used For This Episode: Caffeinated | official trailer (2015) BEST PRACTICES for Developing a Customer Experience Strategy | PeopleMetrics LIVE! Alternative Titles: Mapping your Customer Journey Branding and Marketing for Your Business Why Customer Experience Matters

    How to Build Your Business Credit

    Play Episode Listen Later Aug 1, 2024 30:45


    #81. Find out about how Duns & Bradstreet came about and learn how to build your business credit score on today's episode with Sevana and Tiffany. Topics in today's episode includes: - Why your business credit score matters - How to build your business credit score - The origin story about Duns & Bradstreet ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness References & Resources Used For This Episode: https://www.nav.com/resource/how-to-establish-business-credit/ Dun & Bradstreet. How to Get a D-U-N-S Number. Internal Revenue Service. Obtaining a DUNS Number: A Guide for Federal Grant and Cooperative Agreement Applicants. https://www.forbes.com/advisor/credit-cards/history-of-credit-cards/ https://en.wikipedia.org/wiki/Diners_Club_International#:~:text=Carte%20Blanche%20began%20in%201958,Blanche%20to%20Avco%20in%201968. https://www.cnbc.com/select/when-did-credit-scores-start/ https://en.wikipedia.org/wiki/Lewis_Tappas https://hbr.org/2015/01/vision-statement-the-birth-of-modern-commercial-credit https://www.altares.nl/en/organization/history/ Alternative Titles: What is business credit How to build your business credit Bad Credit

    Building Your Referral Village

    Play Episode Listen Later Jul 10, 2024 42:06


    #80. Inspired by the viral rise of Sabeer Bhatia and Jack Smith, founders of Hotmail. Sevana and Tiffany talk about how to build a referral village to grow a business. Topics in today's episode includes: - What is a referral partner and how to meet one - How to build your own referral network - How to do 1:1 for referral opportunities ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #referralpartners #businesspodcast #businessreferrals #howtogrowabusiness References & Resources Used For This Episode: https://www.linkedin.com/pulse/how-use-referral-traction-channel-hotmail-case-nicola-zaffonato/ https://steemit.com/steemstem/@conceptual-book/hotmail-the-history-of-email#:~:text=Hotmail%20was%20born%20by%20the,which%20is%20where%20they%20worked. https://en.wikipedia.org/wiki/Jack_Smith_(Hotmail) https://www.technologyreview.com/innovator/sabeer-bhatia/ https://en.chatstickmarket.com/single-post/history-of-hotmail https://hamradio.my/2024/03/the-evolution-of-hotmail-a-pioneering-web-based-email-service/ https://stanfordmag.org/contents/what-s-the-big-idea https://news.ycombinator.com/item?id=88871 https://www.linkedin.com/pulse/how-use-referral-traction-channel-hotmail-case-nicola-zaffonato/ https://steemit.com/steemstem/@conceptual-book/hotmail-the-history-of-email#:~:text=Hotmail%20was%20born%20by%20the,which%20is%20where%20they%20worked. https://en.wikipedia.org/wiki/Jack_Smith_(Hotmail) https://www.technologyreview.com/innovator/sabeer-bhatia/ https://en.chatstickmarket.com/single-post/history-of-hotmail https://hamradio.my/2024/03/the-evolution-of-hotmail-a-pioneering-web-based-email-service/ https://stanfordmag.org/contents/what-s-the-big-idea https://news.ycombinator.com/item?id=888715 Alternative Titles: How To Network In Business How To Meet Referral Partners How to Get Business Referrals

    Turning Your Business Into A Family Business

    Play Episode Listen Later Jun 18, 2024 45:04


    #79. Starting with the story of today's spotlight entrepreneur Franklin Clarence Mars, founder of the chocolate candy company Mars Incorporated, Sevana and Tiffany talk about the complicated dynamics of doing business with family. Topics in today's episode includes: - How to get your kids involved in the business and when - How to pay our kids through your business - What are proven ways to work with family, especially if you plan to have your kids inherit your business References: Gary Vee: Should you go into your family business? https://www.youtube.com/watch?v=QkHKxyvVqsg BuildWitt/Jocko Willink:  How to take over the family business - https://youtu.be/PysHDg935zM?si=5dMP00Ka1E3UUxqq For more on the Mars' family business: https://www.madeinchicagomuseum.com/single-post/mars-inc/ https://www.mars.com/about/history https://en.wikipedia.org/wiki/Franklin_Clarence_Mars "Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability, and Family Leadership" by John L. Ward: This book offers strategies for ensuring the long-term success and continuity of family businesses. "Family Business Succession: The Final Test of Greatness" by Craig E. Aronoff, Stephen L. McClure, and John L. Ward: Focuses on the challenges and best practices in family business succession planning. "Succession: Are You Ready?" by Marshall Goldsmith: Provides practical advice on preparing for and managing the succession process. ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company. #smallbusinessadvice #entrepreneurship #familybusiness #businesspodcast Alternative Titles: How to run a business with family Do's and Don'ts of a family business Keeping the peace in a family business

    How To Grow From Owner-Operator To Owner-CEO

    Play Episode Listen Later Jun 1, 2024 52:44


    #78. What happens when your business outgrows YOU? in today's episode, Sevana and Tiffany take on business lessons from the story of Martin Eberhard, American inventor, engineer and entrepreneur who co-founded Tesla, Inc. (then Tesla Motors) and then was asked to leave. Topics in today's episode includes: - how to eliminate the roles or "hats" that you put on as owner-operator so you can be CEO of your own business - the importance of clarity for you and your ultimate role in your business References: Scaling Up - FACe Chart: https://coaches.scalingup.com/function-accountability-chart CNN Interview: https://youtu.be/QIt8WuEQntY?si=dRKg-i9trnsHhDhd Building a Skills Matrix: https://acquira.com/why-you-need-to-build-an-employee-skills-matrix-and-how-to-do-it/?utm_source=Blog&utm_medium=Article&utm_campaign=How-To-Turn-An-Owner-Run-Business-Into-A-Management-Run-Business https://www.forbes.com/sites/forbescoachescouncil/2020/02/26/how-to-stop-operating-your-business-and-start-owning-it/?sh=36dc9a9e16ff https://www.cleanlink.com/cp/article/Growing-Out-Of-The-Owner-Operator-Role--2476 https://www.theverge.com/23815634/tesla-elon-musk-origin-founder-twitter-land-of-the-giants https://www.investopedia.com/articles/personal-finance/061915/story-behind-teslas-success.asp#:~:text=In%202001%2C%20Eberhard%20and%20Tarpenning,founded%20an%20online%20payments%20company. https://innovators.berkeley.edu/spotlights/co-founder-marc-tarpenning-85-shows-off-teslas-baby-pictures/ https://www.businessinsider.com/tesla-cofounder-martin-eberhard-interview-history-elon-musk-ev-market-2023-2 ************************ Our podcast is originally a video podcast, so see us on YouTube or Spotify too. ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    When Too Much Business Makes For Bad Business

    Play Episode Listen Later May 15, 2024 50:53


    #77. When too much growth in a business spirals out of control ... in today's episode, Sevana and Tiffany take on business lessons from the story of Barry Minkow, owner of ZZZZ Best Carpet Cleaning and share with you how to avoid the same mistakes in your business, including: - how too much business can be a serious problem - making desperate decisions in a desperate situation with a desperate mindset doesn't give your wins for your business or for you - accidentally (or intentionally) finding yourself in the situation of "robbing peter to pay paul" can only lead to more serious cash flow issues ************************ Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Outsourcing Mistakes That Could Cost You Your Business

    Play Episode Listen Later May 1, 2024 35:44


    #76. What can you learn from someone else's mistake? Today, Sevana and Tiffany shake things up a bit by starting with the fascinating story of a well known entrepreneur who was conned by her closest advisors and how you can avoid the mistakes she made that is all too common for small business owners today! Resources/References: https://books.google.com/books?id=DBoAAAAAMBAJ&lpg=PA37&dq=Thomas%20A.%20Andrews%20GLORIA%20VANDERBILT&pg=PA3#v=onepage&q=Thomas%20A.%20Andrews%20GLORIA%20VANDERBILT&f=false Got questions or have a topic you want Sevana and Tiffany to cover? Email them at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! ****************************  About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!  Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com  Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!  Disclaimer - Details of today's story was inspired by true events. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Two Amazing Business People from History (Who May Surprise You!)

    Play Episode Listen Later Apr 16, 2024 40:31


    #75. Sevana and Tiffany share two successful business people from history who aren't given much spotlight but amazing in their own rights nonetheless and worth showcasing in today's episode. These super successful business people have inspired Sevana and Tiffany and they hope the stories can inspire you! Got questions or have a topic you want Sevana and Tiffany to cover? Email them at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Finding the BEST customers for your business - what they look like, where to find them, and how to keep them around!

    Play Episode Listen Later Apr 1, 2024 57:31


    74. One of the keys to having a successful business that you can enjoy is by working with your BEST customers as much as possible, but how do you find them? Well, today Sevana and Tiffany chat about how to identify what your best customer looks like and then where to find them (and how to keep them around!) Got questions or have a topic you want Sevana and Tiffany to cover? Email them at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode! **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How to Hire Right (the First Time!)

    Play Episode Listen Later Mar 16, 2024 46:33


    73. Are you new to hiring or have been doing it for some time but it always seems to be a miss? In today's episode, Sevana and Tiffany go over what you need to have in place at your company BEFORE you hire so you have a greater success of hiring right, the first time and keep those good hires! References: NETFLIX company culture values: 1. Freedom and Responsibility The idea is to hire high-performing individuals and trust them to do their best work without micromanagement. This includes allowing employees to make decisions typically reserved for management and having flexible vacation policies, where employees can take time off without strict tracking, assuming their work is accomplished. 2. The Keeper Test Managers regularly ask themselves whether they would fight to keep an employee. If the answer is no, the company provides a generous severance package to the employee. 3. Radical Honesty and Transparency This radical honesty is aimed at continuous improvement and growth. Feedback is given openly and directly, whether it pertains to performance, the viability of ideas, or company strategies. Moreover, transparency is practiced company-wide, with employees having access to information traditionally reserved for upper management in other companies, including strategic decisions and financials. 4. No Tolerance for Brilliant Jerks The idea is that no matter how talented someone might be, if they cannot fit into the culture of teamwork and respect, they cannot stay at the company. 5. Focus on Innovation By removing most controls, such as expense approvals and strict vacation policies, Netflix aims to encourage risk-taking and creativity. 6. Global and Inclusive Culture The company strives to maintain its core cultural principles while also respecting and incorporating the diversity of its global workforce. 7. Evolution Over Time The company continuously refines its policies and practices to suit its growing size and changing dynamics. **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    The True Cost of Hiring Employee (that no one talks about!)

    Play Episode Listen Later Mar 1, 2024 43:32


    #72. Feeling anxious about hiring your first employee? Sevana and Tiffany got you covered with one aspect of hiring that many business owners mis-step which not anticipating the TRUE COST of employees. Sevana and Tiffany break it all down in today's episode! Resources: ADP Payroll Calculator: https://www.adp.com/resources/tools/calculators.aspx Gusto Payroll Calculator: https://gusto.com/resources/calculators/payroll QuickBooks Payroll Calculator: https://quickbooks.intuit.com/payroll/paycheck-calculator/ **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Tax Tips for Tax Time! Small Business Tax Advice To Get You AHEAD of Your Next Tax Return.

    Play Episode Listen Later Feb 15, 2024 65:49


    #71. Feeling the heat of tax filing before the deadlines? Then today's episode is for you! Sevana and Tiffany dive into small business tax topics with Helaine Weissman and Lori Roberts of PB Mares, two CPAs who know a whole lot about taxes for small business owners and how to get ahead of your next tax return and avoid the year-end panic! Learn More about PB Mares: https://www.pbmares.com/ **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Sole Proprietor, LLC, S Corp, C Corp - What You Should Be and When

    Play Episode Listen Later Feb 1, 2024 50:21


    #70. In today's episode, a reply of a popular past episode of when Sevana and Tiffany talk about Sole Proprietorship, S-Corp, C-Corp, and what you should be and when. Famous Example - Hulk Hogan and Gawker Media Rihanna and Fenty Videos - Explanations on entity formation: https://youtu.be/uXOHnZy0y4Ahttps://www.youtube.com/watch?v=H3BcB1r5h74 Books: LLC vs S Corp vs C Corp Explained (https://www.amazon.com/LLC-vs-S-Corp-C-Corp-Explained/dp/1950967093/ref=sr_1_1?crid=12ZSR3DWZTY9L&keywords=LLC+Vs.+S-Corp+Vs.+C-Corp+Explained&qid=1658193309&sprefix=llc+vs.+s-corp+vs.+c-corp+explained%252Caps%252C63&sr=8-1&_encoding=UTF8&tag=bbsb0e-20&linkCode=ur2&linkId=62737ff95a3ded3c79cbbd5151a9f171&camp=1789&creative=9325) Advice - Talk to your CPA and business lawyer to help decide what is the best business entity for you, but don't let that stop you from starting your business! Just don't forget to revisit your entity setup later on. **************************** Listen To Our Podcast On - Apple Podcast (https://podcasts.apple.com/us/podcast/the-business-behind-small-business/id1581881387) Spotify (https://open.spotify.com/show/3w1hi24SZ24zmFNJnB4wbw?si=RTHzSRvlRHCpgFdHnuENgg) Pandora (https://www.pandora.com/podcast/the-business-behind-small-business/PC:66374) About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    The CTA is here! Does it affect your small business and what should you do?

    Play Episode Listen Later Jan 15, 2024 41:07


    #69. The Corporate Transparency Act is actively affecting businesses in 2024, so does it affect yours? If so, what do you do about it? Sevana and Tiffany break it all down in today's episode! **Sorry for the poor sound quality toward the end of this episode** RESOURCES: FinCEN's Beneficial Ownership Information Reporting homepage, offering guidance and educational materials FinCEN's Reference Material, featuring rules and regulations related to the CTA FinCEN's Small Entity Compliance Guide, intended to assist the small business community in complying with the beneficial ownership information reporting rule FinCEN Identifier Application FinCEN Beneficial Owner Reports https://www.score.org/resource/article/understanding-and-complying-federal-corporate-transparency-act **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How to work ON your business, not IN it! (Part 1 of 2)

    Play Episode Listen Later Jan 1, 2024 35:25


    #68. Let's kick off the new year thinking about how to work ON your business rather than IN it. **Due to a technical hiccup, we will be airing part 2 of this episode on Jan 15th.** **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    *Holiday Special* Podcast Past, Podcast Present, and Podcast Future!

    Play Episode Listen Later Dec 15, 2023 41:29


    #67. Welcome to this year's holiday special where we talk about past episode, where it all began, how we are ending season 3 and what exciting new things you can look forward to in season 4! Recommedations: Books - https://www.inc.com/marcel-schwantes/4-must-read-business-books-to-kickoff2024.html Donald Miller - How To Grow Your Small Business https://www.amazon.com/How-Grow-Your-Small-Business-ebook/dp/B09831W8S6 https://getjobber.com/academy/small-business-apps/ https://www.wix.com/blog/business-software **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How to Fire Your Toxic Customers

    Play Episode Listen Later Dec 1, 2023 65:47


    #66. Firing customers is a necessary part of being a business owner, but how do you identify a toxic client and how do you fire them, if the relationship really cannot be saved? Sevana and Tiffany break down the answers to these questions and more in this episode! **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    The Right Way To Spend Your Business' Money

    Play Episode Listen Later Nov 15, 2023 61:12


    #65: Continuing on the series about your business money, Sevana and Tiffany talk about the #1 wrong way to spend your business money so you can avoid it to spend it the right way! Famous Examples:  Nissan & Business Adventures: https://www.cnbc.com/2019/04/11/why-billionaires-warren-buffett-and-bill-gates-agree-this-is-the-best-business-book-of-all-time.html https://www.inc.com/geoffrey-james/the-7-books-that-created-our-modern-business-world.html **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    What Are The Financial Red Flags For Your Business?

    Play Episode Listen Later Nov 1, 2023 48:53


    #64: Continuing on the series about your business money, Sevana and Tiffany go over the red flags to look for on your financial reports so you keep your business on the up-and-up. You don't need to be an accountant or financial whiz to understand today's episode. We're breaking things down so that any entrepreneur can get smart enough to look for or avoid financial red flags! Famous Examples:  Uber & FedEx Recommendations: Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean by Karen Berman and Joe Knight  The Layman's Guide to Understanding Financial Statements: How to Read, Analyze, Create & Understand Balance Sheets, Income Statements, Cash Flow & More by Simon Lawrence - currently on Kindle Unlimited for free at the recording of this podcast. How to Read and Understand Financial Statements When You Don't Know What You Are Looking At by Brian Kline **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How To Prepare For a Business Loan

    Play Episode Listen Later Oct 15, 2023 51:35


    #63: Getting a business loan can seem like daunting task if you go into the conversation with a lender unprepared, so today, Sevana and Tiffany are going to help you get ready by going over common business loans and what exactly the lenders are looking for from you. Famous Examples -  Under Armour: https://www.businessinsider.com/how-under-armour-got-its-name-2015-6 **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneurial path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    TikTok Tax Tips - True or False?

    Play Episode Listen Later Oct 1, 2023 102:41


    #62: There's a lot of misinformation that gets spread through social media (surprise, surprise) and none more so than tax tips! Today, Sevana and Tiffany go through a few viral tax tips with special guest, Phil Gaudiano, to set the record straight on a few of these TikTok Tax Truths or Tales! Trending tax tips we go over includes: Renting Your House to Your Business (Augusta Rule) Paying Your Child Through Your Business Earning Points And Cashing In On Credit Card Rewards and more... Special Thanks To Our Guest: Phil Gaudiano, CPA Co-Founder Polygon Advisory Group https://www.polygonadvisory.com/ Contact Phil at: info@polygonadvisory.com Famous Examples -  #1. Nicholas Cage#2. Gloria Vanderbuilt#3: Wesley Snipes#4: Paul Daugerdas#5: Willie Nelson **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us to learn about our sponsorship packages!⁠⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Reconnecting with Your Disconnected Remote Team

    Play Episode Listen Later Sep 15, 2023 53:03


    #61: Let's talk about reconnecting your disconnected team! These days, you may have already decided to go forth permanently with a fully remote team or maybe even a hybrid of some kind. Regardless of which model you have, including a full return-to-the-office model, disengaged employees are not good for business! Today, Sevana and Tiffany talk about the signs of a disengaged employee and what you can do to pull them back into the fold! **We're sorry, Sevana's video had some challenges so here we are.... still a work in progress !! ** Famous Examples -  #1. Dame Stephanie Shirley #2. Jack Nilles : https://www.crossover.com/perspective/the-history-of-remote-work **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities -  Email us here: ⁠⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠⁠ Website -  Check out our website!  ⁠⁠⁠⁠https://www.thebusinessbehindsmallbusiness.com⁠⁠⁠⁠ Notice -  As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer -  We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    What services in your business you DON'T want to go cheap on!

    Play Episode Listen Later Sep 1, 2023 49:57


    #60: When you are self-funding your business or working with a shoestring budget, it's easy to go cheap on things in your business to conserve the cash. BUT, there are a few things in your business you absolutely do not want to go cheap on, and that's what Sevana and Tiffany will be diving into today! **We're sorry, Tiffany's audio didn't survive the recording....so please excuse her audio!! ** Famous Examples -  #1. Circuit City #2. Tiffany & Co. Companies who knows their value and doesn't waver on it: https://www.businessinsider.com/stores-nothing-ever-on-sale-2019-5#tesla-10 **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities -  Email us here: ⁠⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠⁠ Website -  Check out our website!  ⁠⁠⁠https://www.thebusinessbehindsmallbusiness.com⁠⁠⁠ Notice -  As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer -  We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Decision Fatigue and Analysis Paralysis of Small Business Owners

    Play Episode Listen Later Aug 15, 2023 49:31


    #59: all great companies experience Growing Pains and at the core of that is the business owner, so let's spend some time today to discuss what decision fatigue and paralysis means and how you can eat that elephant! Famous Examples -  #1. Wearing the Same Outfit Every Day #2. Blockbuster & Toy 'R Us https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/the-demise-of-toys-r-us/ https://www.usatoday.com/story/money/2018/03/18/toys-r-us-bankruptcy-liquidation/436176002/ https://www.businessinsider.com/the-tumultuous-history-of-toys-r-us-photos-2020-8 **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities -  Email us here: ⁠⁠thebusinessbehindsmallbusiness@gmail.com⁠⁠ Website -  Check out our website!  ⁠⁠https://www.thebusinessbehindsmallbusiness.com⁠⁠ Notice -  As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer -  We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    What to expect when running a business pulling in 10k, 100k, $1M & $10M of top-line revenue

    Play Episode Listen Later Aug 1, 2023 68:24


    #58: (Replay) Let's talk about what to expect when running a business pulling in 10k, 100k, $1M & $10M of top-line revenue. How do you build it, and what do you do to prepare for it once you get it! **Sorry for the lagging audio, we had just switched to a new platform and were working through the kinks, BUT we loved making this episode and it was highly downloaded, so please enjoy! Sevana and Tiffany will be back with a brand new episode soon.** Famous Examples -  #1. Shan Hanif What happens in a 100M+ business:⁠https://youtu.be/l8cs_SVyOEQ⁠ Week in the life of a CEO running a 100M+ business:⁠https://youtu.be/s0E1i9mXe1A⁠ How I build a $10MM business in 18months: ⁠https://youtu.be/8vvkQLbwye8⁠ #2: Crumbs & KIND (⁠https://www.entrepreneur.com/growing-a-business/5-companies-that-grew-too-quickly-and-what-you-can-learn/310166⁠)Recommendations -⁠https://www.rocketspace.com/tech-startups/what-10-million-dollar-tech-entrepreneurs-wish-theyd-known-before-they-started⁠⁠https://www.entrepreneur.com/growing-a-business/5-things-no-one-tells-you-about-running-a-million-dollar/326154⁠Tools - ⁠https://meetanders.com/best-tools-business-growth/⁠ **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities -  Email us here: ⁠thebusinessbehindsmallbusiness@gmail.com⁠ Website -  Check out our website!  ⁠https://www.thebusinessbehindsmallbusiness.com⁠ Notice -  As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer -  We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    AI For Your Small Business

    Play Episode Listen Later Jul 15, 2023 48:22


    #57: Sevana and Tiffany are going to dive into how AI can help streamline your growing business! They are sharing a few AI tools that they use every day in their business and new tools that they test drove while researching for this episode. This is a great episode for anyone who feels like they are drowning in too much conceptual AI knowledge and not enough hands-on applicable knowledge. Famous Examples: Tesla's Autopilot Incidents IBM's Watson Misdiagnosis Google's "Deep Dream" Nightmares Alan Turing (https://www.mentalfloss.com/article/503325/15-riveting-facts-about-alan-turing) Recommendations: Resources when it comes to how AI works with your small business! https://hackingai.app/ https://youtube.com/@ai-explained- https://www.bensbites.co/ https://www.futuretools.io/ https://www.futurepedia.io/recent https://www.youtube.com/@MattVidPro https://www.youtube.com/@mreflow https://www.youtube.com/@TwoMinutePapers https://www.youtube.com/@AINewsOfficial https://www.youtube.com/@YannicKilcher/videos https://www.youtube.com/@max-imize/videos https://www.youtube.com/@Aitrepreneur https://www.youtube.com/@OlivioSarikas **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Why You SHOULDN'T Start a Business

    Play Episode Listen Later Jul 1, 2023 96:12


    #56. Owning a business is not one-size-fits-all, and certainly not the answer to getting rich quick! While many people thrive in the world of entrepreneurship, it is essential to acknowledge that it may not be suitable for everyone. Today, Sevana and Tiffany is going to explore why owning a business might NOT be right for you.   Famous Examples: Colonel Sanders Thomas Edison (https://www.businessinsider.com/the-worst-ceos-in-american-history-2010-5#thomas-edison-the-phonograph-7) Recommendations: Top 5 books: "The E-Myth Revisited" by Michael E. Gerber "Zero to One" by Peter Thiel "The 4-Hour Workweek" by Timothy Ferriss "Start with Why" by Simon Sinek "Scaling Up: How a Few Companies Make It...and Why the Rest Don't" by Verne Harnish Top 5 Podcast/YouTube: Marie Forleo GaryVee (Gary Vaynerchuk) Valuetainment (Patrick Bet-David) Evan Carmichael BBSB!!!! **************************** Listen To Our Podcast On - Apple Podcast (https://podcasts.apple.com/us/podcast/the-business-behind-small-business/id1581881387) Spotify (https://open.spotify.com/show/3w1hi24SZ24zmFNJnB4wbw?si=RTHzSRvlRHCpgFdHnuENgg) Pandora (https://www.pandora.com/podcast/the-business-behind-small-business/PC:66374) About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How to Create Value Pricing - What does that mean? Is it beneficial to you? And, how do you implement it in your business without upsetting your clientele!

    Play Episode Listen Later Jun 15, 2023 62:43


    #55. Today we'll be delving into the concept of value pricing! If you're a business owner or entrepreneur looking to maximize your profits and create lasting customer relationships, this episode is for you! Many of us start our businesses with a cost-based pricing, which is ok, for some, at first, but then you'll find your competitors are soaring faster to levels of success, you've not reached yet, or maybe you have but it's been a chaotic topsy turvy ride you're not sure your heart can handle much more of. So, how do you create a level of value and respect for your products or service that don't make you feel like you're getting undercut or undercutting a client?  Take a dive into value pricing with Sevana and Tiffany on today's episode! References: https://online.hbs.edu/blog/post/value-based-strategy https://hbr.org/2016/08/a-quick-guide-to-value-based-pricing https://www.gemsociety.org/article/ten-gemstones-rarer-than-diamond/ Tiffany's Recommendations - Books: Implementing Value Pricing by Ronald J. Baker Value-Based Fees: How to Charge What You're Worth and Get What You Charge by Alan Weiss Automatic Customer by John Warrillow Sevana's Recommendations - Tools: Wiser Talon One Price Intelligently About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    (3 of 3) How to Prepare for Your Life After The Sell Of Your Business

    Play Episode Listen Later Jun 1, 2023 46:58


    #54. We're here to talk about what happens after you ride off into the sunset-the after sale of your business. How to prepare for it before you sell and ensure your life after the sale of the business is the one you wanted! #smallbusiness #exitstrategy #entrepreneurship Famous Examples: Howard Schultz Sharon Redstone: https://en.wikipedia.org/wiki/Shari_Redstonehttps://www.tharawat-magazine.com/facts/succession-goes-awry-four-famous-examples/ Sevana's Recommendations: Forbes List of Recommended Books: https://fivebooks.com/reader-list/top-books-on-buying-and-selling-a-business-daisy_reynolds/Buying and Selling a Business: How You Can Win in the Business Quadrant by Garrett Sutton: https://www.amazon.com/dp/193783204X/ref=as_at?tag=readerlists-20 Tiffany's Recommendations: Questions to help you get thinking about the life you would like to have, after the sell, so your can prepare for it BEFORE the sell! What are my personal goals and aspirations outside of the business world? How do I envision my ideal lifestyle after exiting the business? What do I want my day-to-day life to look like after the exit? What are my interests, passions, and hobbies that I would like to pursue after the exit? Do I want to remain active in the industry or explore new industries and opportunities? How can I prepare for the emotional and psychological adjustments that come with transitioning from a business owner to a new phase of life? What support networks or resources can I tap into during the post-exit period? How will I maintain a sense of purpose and fulfillment after exiting the business? What legacy do I want to leave behind and how can I continue to make a positive impact? **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    (2 of 3) So, You Are Going To Sell Your Business To The Next Generation Or To You Employees ... Now What?

    Play Episode Listen Later May 15, 2023 66:44


    #53. In episode #52, we explored what it means to sell your business to an external 3rd party. In today's episode, we'll be taking a look at a different exit by selling. Let's discuss selling your business internally to your next generation or to your employees: what it means, what you need, and how to do it in the most delicate way possible.  #smallbusiness #exitstrategy #entrepreneurship ***PLEASE RATE US AND SUBSCRIBE TO ENSURE OUR PODCAST PLATFORMS CONTINUE TO HELP PROMOTE OUR PODCAST AND REACH MORE LISTENERS!*** THANK YOU TO ALL OUR LISTENERS FOR YOUR UNWAVERING SUPPORT OF OUR PODCAST. YOU ARE THE REASON WHY WE KEEP CREATING NEW EPISODES! Please let us know if there is a topic we can cover for you on our next episode! Email us at thebusinessbehindsmallbusiness@gmail.com. Article References: https://www.viabeacon.com/blog/selling-a-business-to-key-employees https://www.inc.com/encyclopedia/family-limited-partnership.html https://www.growfinancial.org/investment-education/the-basics-of-business-succession-how-to-sell-or-gift-your-business/ FAMOUS EXAMPLES: Dame Stephanie "Steve" Shirley: https://www.youtube.com/watch?v=qQi4hLRXHU4 https://www.steveshirley.com/story/ https://www.theguardian.com/small-business-network/2017/mar/08/dame-stephanie-shirley-flexible-remote-working-glass-ceiling Zildjian Family: https://en.wikipedia.org/wiki/Avedis_Zildjian_Company Tiffany's Recommendations: Book - Let It Go By Dame Stephanie Shirley Advice - Get a trusted "board of advisors" to help you transition out of your business! Sevana's Recommendations: Ask yourself some hard questions before you decide to sell your business: https://allantaylorbrokers.com/sell-a-family-business/ **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: ⁠thebusinessbehindsmallbusiness@gmail.com⁠ Website - Check out our website! ⁠https://www.thebusinessbehindsmallbusiness.com⁠ Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    (1 of 3) So, You Decided You Want To Sell Your Business, Now What? What You Will Need To Know To Sell Your Company.

    Play Episode Listen Later May 1, 2023 60:08


    #52. Whether you want to sell your business to an outside source, someone inside of the company, or to a relative, there's a lot of preparation involved, and if you don't follow the necessary steps, you stand to lose or owe a lot of money. We're starting with the most important aspect, which is the money. How to prepare, present, and create value.  #smallbusiness #exitstrategy #entrepreneurship Here is a link of a report on what the common multiples used for various industries and businesses: https://www.bizbuysell.com/learning-center/industry-valuation-multiples/ Article References: https://raincatcher.com/how-to-sell-a-business#:~:text=It's%20very%20likely%20that%20a,ready%20to%20sell%20just%20yet. Famous Examples: Charlie Javice: https://www.newsnationnow.com/crime/charlie-javice-woman-duped-chase-bank/https://www.sec.gov/news/press-release/2023-74 Indra Nooyi: https://hbr.org/2015/09/how-indra-nooyi-turned-design-thinking-into-strategy Recommendations: John Warrilow's Podcast: Built to Sell John Warrilow's Book: Built to Sell and The Automatic Customer - Build a subscription based business in any industry.  Empire Flippers PodcastDavid C Barnett Buy and Sell Small Business Podcast Hire a CPA, lawyer, and possibly a business broker to help you understand how to sell your business and to help you with the transaction of selling your business! **************************** About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.com Website - Check out our website! https://www.thebusinessbehindsmallbusiness.com Notice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Are You A People-Pleaser? How Your Personality Can Sink Or Soar Your Business!

    Play Episode Listen Later Apr 15, 2023 66:14


    #51. We're going to do some introspection today on whether your personality is sinking or soaring business - so let's ask the question: Are you a people pleaser? https://www.psychologytoday.com/us/blog/funny-bone-pick/202207/how-deal-people-pleasers-who-go-too-far Inside Small Business: https://insidesmallbusiness.com.au/marketing/how-not-to-be-a-people-pleaser-in-business Overit.com: https://overit.com/blog/people-pleaser-ceo/ Dan Dinsmore's POV from a business owner: https://hbr.org/2012/10/stop-being-a-people-pleaser Seeing it from your employee's perspective: https://consultingsociety.com/the-risks-of-working-for-a-people-pleasing-leader/ Famous Example: Beatrix Potter (https://www.smithsonianmag.com/arts-culture/how-beatrix-potter-invented-character-merchandising-180961979/) Recommendations: Truity.com Gallup.com The 5 Languages of Appreciation in the Workplace: Empowering Organizations by Encouraging People By Gary Chapman and Paul White **************************** About BBSB -  We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface! Sponsorship Opportunities -  Email us here: thebusinessbehindsmallbusiness@gmail.com Website -  Check out our website!  https://www.thebusinessbehindsmallbusiness.com Notice -  As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support! Disclaimer -  We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Business Plans, Should You Have One or Not?

    Play Episode Listen Later Apr 14, 2023 88:38


    #50. We are shaking things up by doing a guest interview about today's topic! Business Plans: should you have one from the beginning? Why? What goes into a business plan? We'll find out in today's episode!Get in touch with our guest:Dr. Michael Mort, Esq.Argent Place Lawhttps://www.argentplacelaw.com/Famous Example:Instagram (https://www.theatlantic.com/technology/archive/2014/07/instagram-used-to-be-called-brbn/373815/)Richard Branson (https://www.cnbc.com/2017/07/21/billionaire-richard-branson-reveals-his-first-ever-business-plan.html)Tiffany's Recommendations:Tim Berry (https://leanplan.com/lean-business-planning-book/) The One Page Business Plan by Jim HoranSevana's Recommendations:https://blog.back4app.com/business-planning-tools-for-startups/****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    The Services You Should Spend Your Business' Money On (And The Services You Can Wait On)

    Play Episode Listen Later Mar 15, 2023 95:53


    #49: Let's talk about the services you should spend your business's money on (and the services you can wait on). These are going to include apps, platforms, third parties, contractors, employees, and more!*Sorry (again!) for our audio issue... Sevana and I really do like each other and don't compete for air time, but we had periods of lag time when recording that caused us to sound like we're trying to talk over each other. Don't worry, we'll already got a plan to see if we can fix this in the next episode!*Today's podcast include if and/or when you need:Business LawyerWebsiteContent MarketingCRMMicrosoft Office vs Google WorkspaceZapierOffice Space & AddressCoaching/Accelerators/IncubatorsSoftware to Keep It All Together - Notion & Google WorkspaceBookkeeping & AccountingAdmin SupportFamous Example:Zapier Netflix  Margorie Merriweather Post The RAW Truth:Tiffany - waiting too long to join a business acceleratorSevana -  wasting time with the wrong networking groupsTiffany's Recommendations:https://www.fundera.com/blog/small-business-appshttps://www.thesmbguide.com/small-business-appsSevana's Recommendations:Google WorkspaceNotionQuickBooksProcess StreetLocal SBAExpensifyHootSuiteBufferMailChimpCanva****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Sole Proprietor, LLC, S Corp, C Corp - What You Should Be and When

    Play Episode Listen Later Mar 1, 2023 50:21


    #48. In today's episode, we're doing a replay of one of our most popular episode from Season 2. Sevana and Tiffany talk about Sole Proprietorship, S-Corp, C-Corp, and what you should be and when.Famous Example - Hulk Hogan and Gawker MediaRihanna and FentyVideos - Explanations on entity formation:https://youtu.be/uXOHnZy0y4Ahttps://www.youtube.com/watch?v=H3BcB1r5h74Books:LLC vs S Corp vs C Corp Explained (https://www.amazon.com/LLC-vs-S-Corp-C-Corp-Explained/dp/1950967093/ref=sr_1_1?crid=12ZSR3DWZTY9L&keywords=LLC+Vs.+S-Corp+Vs.+C-Corp+Explained&qid=1658193309&sprefix=llc+vs.+s-corp+vs.+c-corp+explained%252Caps%252C63&sr=8-1&_encoding=UTF8&tag=bbsb0e-20&linkCode=ur2&linkId=62737ff95a3ded3c79cbbd5151a9f171&camp=1789&creative=9325)Advice - Talk to your CPA and business lawyer to help decide what is the best business entity for you, but don't let that stop you from starting your business! Just don't forget to revisit your entity setup later on.****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    What to expect when running a business pulling in 10k, 100k, $1M & $10M of top-line revenue

    Play Episode Listen Later Feb 16, 2023 68:24


    #47: Let's talk about what to expect when running a business pulling in 10k, 100k, $1M & $10M of top-line revenue. How do you build it, and what do you do to prepare for it once you get it!Famous Examples - #1. Shan Hanif What happens in a 100M+ business:https://youtu.be/l8cs_SVyOEQWeek in the life of a CEO running a 100M+ business:https://youtu.be/s0E1i9mXe1AHow I build a $10MM business in 18months: https://youtu.be/8vvkQLbwye8#2: Crumbs & KIND (https://www.entrepreneur.com/growing-a-business/5-companies-that-grew-too-quickly-and-what-you-can-learn/310166)Recommendations -https://www.rocketspace.com/tech-startups/what-10-million-dollar-tech-entrepreneurs-wish-theyd-known-before-they-startedhttps://www.entrepreneur.com/growing-a-business/5-things-no-one-tells-you-about-running-a-million-dollar/326154Tools - https://meetanders.com/best-tools-business-growth/****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    Employee Manuals and SOPs: Where to Start!

    Play Episode Listen Later Feb 1, 2023 51:28


    #46: Today we're going to discuss employee manuals and SOPs: what are they, why are they so important, and where do you begin.  If your business has started hiring employees or even contractors you probably know how important an employee manual can be. Even if your business is just you and only you a procedures manual is also just as important. Writing a manual is much like creating a recipe. It's constantly being updated, it needs to be perfect, because after all, it's how to recreate your business with the heart you've given it. References - https://www.beekeeper.io/blog/sop/Famous Examples - #1: Facebook (https://airows.com/creative/a-look-inside-the-beautiful-handbook-facebook-gives-all-new-employees)#2. Netflix (https://igormroz.com/documents/netflix_culture.pdf)Recommendations - https://www.lucidchart.com/pages/https://trainual.com/https://www.beekeeper.io/****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    How Much Should You Pay Yourself, The Business Owner? The Difference Between an Asset and a Liability

    Play Episode Listen Later Jan 15, 2023 60:08


    #45: Let's talk about money! Well, every one of our show is about money in a way, but today, we're talking about as your business grows, what you get paid and how you get paid could be the determining factor behind how much tax you pay, and how the IRS defines your business.References - https://quickbooks.intuit.com/payroll/salary-or-draw-how-to-pay-yourself-as-business-owner/Famous Examples - #1: UnderArmourRecommendations - https://www.youtube.com/@quickbookshttps://www.youtube.com/@HectorGarciaCPA****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    A BBSB Holiday Special 2022

    Play Episode Listen Later Dec 31, 2022 34:22


    WOW! We cannot believe that we are wrapping up season TWO of The Business Behind Small Business podcast. THANK YOU to all our listeners. Because of you, we are planning a big season THREE and can't wait to tell you about it in today's special.Have a wonderful New Year's and we look forward to getting back together with you in 2023!****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    43. The difference between a Bookkeeper, Accountant and CPA

    Play Episode Listen Later Dec 15, 2022 66:19


    Let's talk about money - more specifically, the people your company that deal with the money. In today's episode, Sevana and Tiffany talk about the difference between a bookkeeper, Accountant and CPA, and when you'll need any and each one!Famous Examples - #1:FTX Cryptocurrency Exchange:https://nypost.com/2022/12/13/ftx-ceo-john-ray-iii-grossly-inexperienced-execs-used-quickbooks/https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-alameda-research-no-accounting-department-sam-bankman-fried-2022-11#2: Genghis Khan & Medici Family & Queen Victoria****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    42. Work Life Balance & Work Life Integration

    Play Episode Listen Later Dec 1, 2022 47:18


    How do you choose which works best for you and why? Is it even a real thing? Join Sevana and Tiffany in discussing the pros and cons of work/life balance vs work/life integration and how they followed which approach as business owners that allows them to "manage their happy" while building successful businesses. Famous Example - #1: https://hbr.org/2014/10/what-successful-work-and-life-integration-looks-like#2: https://www.workstars.com/recognition-and-engagement-blog/2020/03/12/10-businesses-that-have-mastered-work-life-balance/Books - Work Life Harmony by Grant Botmahttps://www.amazon.com/Work-Life-Harmony-Enjoy-Family-Because/dp/154452370X/ref=asc_df_154452370X/?tag=hyprod-20&linkCode=df0&hvadid=564832755269&hvpos=&hvnetw=g&hvrand=7180217329082381511&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9008130&hvtargid=pla-1600518561058&psc=1 Resources - Goal Setting vs To Do Listing - check out Tony Robbin's Rapid Planning Method: https://projectlifemastery.com/plan-your-day/****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    41. Quality Control For Your Employees (Part 2)

    Play Episode Listen Later Nov 15, 2022 58:48


    We've talked about quality control for your customer (see episode #39), now let's talk about quality control for your employees! How can you measure the quality of your employees, making sure they are happy and likely to stay; that they are also making clients happy and likely to stay or come back, and do all of this while your company grows? Sevana and Tiffany give you the how-to's build quality control for your employees into your operations.References:Harvard Business Review: https://hbr.org/1975/07/quality-control-in-a-service-businessFamous Example - Marriott (see Harvard Business Review link above)McDonalds https://www.linkedin.com/pulse/how-did-mcdonalds-build-its-sustainable-competitive-advantage-m-m/Tools - HubSpotProcess StreetGoogle TablesBooks - EMythBuilt to SellWork The SystemList of Books: https://asq.org/blog/2015/01/top-8-books-every-quality-professional-should-read/https://www.skymark.com/resources/biblio.aspAdvice - Make the time to work ON your business.****************************About BBSB -We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - thebusinessbehindsmallbusiness@gmail.comWebsite - https://www.thebusinessbehindsmallbusiness.comDisclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    40. Processes: Why do you need them, how do you get started, and what to do afterwards (replay)

    Play Episode Listen Later Nov 1, 2022 47:22


    Since we are in the midst of talking about quality control and how one method to ensure that you have quality control over the output of your company to your clients or customers, be it a service or a product, is to lay down processes, we wanted to bring by an oldie but a goodie episode from Season 1!Sevana and Tiffany (formerly known as, Chloe) goes in-depth in this episode about processes and why you need them, how to get started, and then what to do afterwards. Famous Example - Toyota (https://www.process.st/process-implementation/)Adam Smith Books - Wealth of Nations (https://www.amazon.com/Wealth-Nations-Adam-Smith/dp/1494844737/ref=sr_1_1?keywords=wealth+of+nations+adam+smith&qid=1666898244&qu=eyJxc2MiOiIzLjc0IiwicXNhIjoiMy40NSIsInFzcCI6IjMuNzcifQ%3D%3D&sprefix=wealth+of+%2Caps%2C268&sr=8-1)Tools - Microsoft VizioMicrosoft WordScreencast-o-matic (https://screencast-o-matic.com/)DropBox Paper (https://www.dropbox.com/en_GB/paper)Evernote (https://evernote.com/)LucidCharts (https://www.lucidchart.com/)Advice - Keep it simple! Your documentation is only as useful as it is for those who use it. Don't make it so burdensome to reference that no one ever references it.****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    39. Quality Control For What You Deliver To Your Clients (Part 1)

    Play Episode Play 60 sec Highlight Listen Later Oct 15, 2022 68:52


    Let's talk about quality control for what you are delivering to your clients! How do you make sure you are hitting the mark for your customers each and every time? In today's episode, Sevana and Tiffany talk about what and how to install quality control in your company along with software, systems, and tools they used themselves or would highly recommend for other business owners who are in the midst of trying to figure it out on their own.References -1. https://www.getfeedback.com/resources/cx/how-to-measure-the-5-dimensions-of-service-quality/2. https://www.qualtrics.com/blog/how-to-measure-service-quality/Famous Examples - Verizon vs. Amazonhttps://blog.happyfox.com/10-best-companies-customer-service/Web Resources - Monday.comWrike.comAirTableZapierBooks - Delivering Quality Service By Valerie Zeithaml, A. Parasuraman, and Leonard Berry****************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    38. Pt 2 - Government Contracting: What are the steps for a new business, a transitioning business, and what all those initialisms mean

    Play Episode Listen Later Oct 1, 2022 41:27


    In today's episode, Sevana and Tiffany are back with part 2 of talks about getting into government contracting, the major pitfalls to avoid and some cautionary tales of contractors who didn't follow the rules and what happened to them.Famous Example - #1: https://www.justice.gov/opa/pr/government-contractor-sentenced-57-months-prison-37-million-procurement-fraud-scheme#2: https://www.whistleblowerattorneys.com/blog/6-successful-defense-industry-whistleblower-casesWeb Resources - DCAA Checklist: https://quickbooks.intuit.com/time-tracking/resources/dcaa-compliance-checklist/Jennifer Schaus & Associates - YouTube Channel (https://www.youtube.com/c/jenniferschaus)PTAC - https://www.aptac-us.org/Books - https://www.wifcon.com/anal/RecommendedReading.pdf***********************************************About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she's let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven't scratched the surface!Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

    37. Government Contracting: What are the steps for a new business, a transitioning business, and what all those initialisms mean

    Play Episode Listen Later Sep 15, 2022 38:10


    Sevana and Tiffany tackle a the big topic of government contracting today!  Lately, it seems like everyone wants to be a government contractor but there are so many steps and none of it is spelled out for you in some step-by-step manual. While we won't be able to cover everything, we wanted to at least introduce some key topics regarding being in business as a government contractor since we know our listeners may be interested or are already in this world. We've split the episode up into two parts, so stay tuned for our next episode that will wrap up this massive topic!****************************Sponsorship Opportunities - Email us here: thebusinessbehindsmallbusiness@gmail.comWebsite - Check out our website! https://www.thebusinessbehindsmallbusiness.comNotice - As an Amazon Associate, we earn from qualifying purchases. These earnings contribute towards the costs of creating this podcast and we greatly appreciate your support!Disclaimer - We are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company's own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.

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