Podcasts about Accounting

Another special BONUS featuring some of our great friends at THE GrowthLab FaaS Today we're pleased to be joined by Heather Satterly, CPA and Steven Byler. Heather is the newly appointed CIO (Chief Innovation Officer) of The GrowthLab and co-host of the Appy Hour; Heather is also the Founder of Satterley Training & Consulting LLC, a firm dedicated to helping accounting professionals gain the skills and confidence to explore and adopt new accounting technology. Also the founder of Satterley Accounting Services, a bookkeeping, and tax firm located in Rhode Island, providing clients order, simplicity, and clarity in their financials. As well as the Co-Host of The 'Appy Hour with Liz and Heather, a bi-monthly webinar series dedicated to educating accounting professionals about the latest trends in accounting technology and automation techniques. Steven Byler is the President & Co-Founder of The GrowthLab, a Finance-as-a-Service (FaaS) company that serves Founders and Management Teams with Financial Planning, Accounting, and CFO support. GrowthLab specializes in helping startups, emerging growth companies, and companies in turnaround mode by providing leadership and execution with their financial management, accounting, and strategic planning functions. --- Send in a voice message: https://anchor.fm/sonsofcpas/message

In this episode of Drink While You Think, Kenji & Matthew take a deep dive into payroll and compensation, highlighting ways other accounting firms should consider making changes.Tune in for topics like...

This Podcast Is Episode Number 476, And It's About What Every Contractor Needs To Remember When Negotiating Contracts Several aspects of the construction business can only be learned through experience. One of them is negotiating contracts.   Most people fear the negotiation procedure because it is an intrinsically uncomfortable process. Asking for more money or making personal demands doesn't come naturally to everyone. But with the right toolkit, you can breeze through contract negotiations. And you'd better get used to it because you'll have to handle many contracts whether you're a construction company owner or employee.   Having the right mindset is critical to contract negotiations. You have to believe that you are going to get your way. Bring a positive attitude and a smile to the table. You're not signing contracts with the enemy. The people you're negotiating with will be your business partners in one capacity or another.   We recommend seeking the advice of a qualified construction attorney to put together a contract that fits your specific needs. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule, and a proper change order clause. No work should ever be performed based on verbal agreements. Get everything in writing, always, no exceptions. Let's take a look at some things you need to remember when you're in the process of negotiating contracts: Be patient Don't rush to get a contract signed. Rushed arrangements usually leave one or both parties dissatisfied. It's understandable if you want to get the negotiation done, but taking the extra time to examine your contract will benefit you tremendously in the long run. Involve an expert You might know what you need from a contract regarding overall business output, but you could get trapped by the legalese. Get a lawyer you trust on board to frame the wording in a way that protects your overall interests. Even if you're good at negotiation, involving an expert is always a good idea. Don't forget term sheets Term sheets are a broad overview of the terms of your contract. Before you get into the specifics, it's a good idea to ensure that all parties agree on the big picture. Take it one step at a time Negotiating a complex and lengthy contract is an inherently tedious process. In the beginning, ensure you've agreed upon the necessary details. Making some headway is crucial to the overall success of the negotiations. After establishing a rapport with the other party, you can dive into the deeper, more complicated issues. Think about the specifics The flowery language on a contract might make for good reading if you're of a particular leaning, but you need to understand what it translates to in the real world. How much will you be making? Use the phone Emails are notoriously difficult to decipher at times. You aren't aware of the sender's body language, and sometimes people can confusingly word things because they don't have the best command of the language. If you're unsure about some issues in your contract, pick up the phone, and have a conversation. It will help sort things out. Don't fret too much about the first draft The first draft of your contract is just a starting point. It's called a 'negotiation' because you will be changing certain aspects of the contract. Don't be alarmed if there are certain things in there which aren't to your liking. If you can't make the tough calls, get someone who will If you're not naturally assertive or find it challenging to be demanding when the situation calls for it, ask for help from someone capable. It could be your business partner or even a spouse. Do your research You don't want to make outlandish demands that the negotiating party can't afford. Take some time and do your research. See what similar services or products cost in the industry. Ask some construction experts for advice. Final thoughts It's worth repeating that you should always take care to state clearly in writing the terms of your quote or estimate and offer a client the opportunity to ask questions before approving the work. That way, both parties can avoid misunderstandings about expectations and project costs before the work begins.  Negotiating a contract is like a long game of chess, except both parties need to come from the table victorious. Before you begin the process, figure out your short- and long-term goals. Having a clear vision will help you better navigate the tricky waters of contract negotiation. While nobody knows your contracting business as well as you do, seeking expert financial advice right away is crucial for your survival. For a free initial assessment of your business, please don't hesitate to contact me. About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

Mark shares an excerpt about calculating your worth as an author from the book ACCOUNTING FOR AUTHORS which he co-authored with D.F. Hart. Prior to the interview, Mark welcomes new patron Jenny Simard LaBranche to his patron supporters, and shares a word from this episode's sponsor. You can learn more about how you can get your work distributed to retailers and library systems around the world at starkreflections.ca/Findaway. Links of Interest: Accounting for Authors EP 255 - Overcoming Obstacles and Just Doing It With Jenny S. LaBranche Findaway Voices Buy Mark a Coffee Patreon for Stark Reflections Lovers Moon Podcast The Relaxed Author Buy eBook Direct Buy Audiobook Direct Publishing Pitfalls for Authors An Author's Guide to Working with Libraries & Bookstores Wide for the Win Mark's Canadian Werewolf Books This Time Around (Short Story) A Canadian Werewolf in New York Stowe Away (Novella) Fear and Longing in Los Angeles Fright Nights, Big City Lover's Moon The Canadian Mounted: A Trivia Guide to Planes, Trains and Automobiles   The introductory, end, and bumper music for this podcast (“Laser Groove”) was composed and produced by Kevin MacLeod of www.incompetech.com and is Licensed under Creative Commons: By Attribution 3.0 

Brian Sussman's News and Views You Won't Hear Anywhere Else with Steve Moskowitz See omnystudio.com/listener for privacy information.

Can accountants alter Formula 1 results?

As the business environment rapidly evolves, so does the accounting profession. In this episode, we're highlighting some of the areas that are growing in popularity and will become topics accountants need to contend with in the near future. We spoke to three experts and you can hear their episode in full here:  "What accountants should know about ESG" https://podcasts.apple.com/us/podcast/what-accountants-should-know-about-esg/id1377649472?i=1000562412394   "The evolution of work continues to speed up"  https://podcasts.apple.com/us/podcast/the-evolution-of-work-continues-to-speed-up/id1377649472?i=1000558194225   "Cybersecurity practices to follow in 2022"  https://podcasts.apple.com/us/podcast/cybersecurity-practices-to-follow-in-2022/id1377649472?i=1000551325549    Register for the accounting shows here: https://ohiocpa.com/cpe/featured-learning 

Jassen Bowman is passionate about helping others build more profitable businesses and grow their firms. He is the founder of Tax Resolution Academy®, taxfirms.com, and the co-founder of the software startup Prolaera. He is a published author of several books, including Profit Optimizers: Twelve Big Ideas for a More Profitable Tax Firm.  In this book, Jassen gives advice to his readers concerning growing their firms. In the podcast, Jassen talks about three of the twelve steps he created to assist entrepreneurs with growing their firms.  From managing workflow to practicing salesmanship, Jassen is giving the best advice on how to drive profit into your firm.

Being an entrepreneur can be terrifying when the world is more uncertain than usual. There are so many rumors (and recent truths) about a new direction for our country and the citizens living in it, and it can be hard to believe in the future of our businesses and dreams when we are facing so much fear. But there are ways that we can better prepare ourselves for potential pivots or downturns so that we're not completely caught off guard. In today's episode, we're talking about how to prepare financially when we don't know what's coming, and  ways that I take time to assess where we are and what I can control, in order to take the best next steps towards continuing my own personal and professional growth.

#UFC276 #AEWBloodandGuts #MITB MEGASODE !! We have so much going on this week ! Kyle is back from #AEWForbiddeDoor and is here to help us recap his wild trip and a great show from AEW and New Japan We also will talk about his first forray in to Commentary and the Light Out Championship fights and the big wins for past guest of the show Anthony Scoops Fleming and Austin Bashi ! AEW Blood and Guts is tomorrow and Ring the Bell We will be there and have our full card preview Plus we will talk about the big ICW No Holds Barred and Ruthless Pro Wrestling 's Deathmatch Circus ! Then we have the big UFC 275 card headlined by Israel Adesanya vs Jared Cannonier and Alexander Volkanvski vs Max Holloway 3 where you know Cory is ready to go ! Brought to you by our sponsors G3 Payroll Tax and Accounting ! https://www.facebook.com/G3Payroll

We're going back to basics this week

Hey friends, ** format change** I am mixing things up and skipping the intro and outro that you have been hearing for many episodes. We jump right into this wonderful talk. Loss and grief are real and I think its important to honor the process and also I am so inspired by Elliot's courage and the hope that he inspires in others. Elliot's BIO: Elliot H Kallen is a leader who brings over 30 years of passion and robust entrepreneurial business ownership experience to his elite Financial Planning & Advising practice.  He has built international organizations, been a CEO of two other companies before forming Prosperity Financial Group, Inc. and is a frequent keynote speaker to charities, podcasts and radio shows on motivation, leadership, charitable work, marketing and various financial subjects.   Elliot holds a BA degree in both Accounting and Economics from Rutgers University in New Jersey and has served on various Boards, as an active member and/or President, including The Boys and Girls Clubs of the Diablo Valley, the American Cancer Society of Contra Costa County & Congregation B'nai Shalom, where he has been actively involved in raising millions of dollars for these organizations.  As President of Prosperity Financial Group, he has led his organization to be actively involved with many charities as this has been a lifelong theme.   Elliot is also President of A Brighter Day Charity, the 501c(3) he began following the suicide of his youngest son, Jake, in 2015.  This charity unites stress and depression resources with teens and their parents with the goal of stopping teen suicide.  The resources of A Brighter Day have touched thousands of families and is having a major impact on the lives of our teens. You can visit him online: https://abrighterday.info/ Instagram: https://www.instagram.com/abrighterdaycharity/ Facebook: https://www.facebook.com/uniteforabrighterday End of Show Notes: Please email jared.diehl@gmail.com if you would like to be a guest on the podcast. Please leave us a review on Apple Podcasts: https://podcasts.apple.com/us/podcast/jared-diehl-the-louder-now-podcast/id1454818946 Follow me on Instagram: https://www.instagram.com/theloudernowpodcast/  

HR, Accounting, Social Media, PR, the list at times seems endless. When it comes to owning a business what is the right time to delegate and when do you just suck it up? Let's discuss this start up life! Message me at instagram.com/ihelpmoms

On today's episode I had on Ben Breyer on. Ben is a social media consultant to many YouTubers and content creators in the financial space. Essentially, he helps them create products and services for their content and for their audience. It's really cool to see what he's doing at just 25 years old! He is making over $600,000 per year doing this! For me, it was cool to hear because a lot of people watching my show want to be the person on camera, and they think that that's the way. They think they have to be the content creator plus create the business for that. However, that's not the case! If you're pretty good at business, got ideas, are organized and a good sales person, you could go and help others that have influence do just that. This is a great way to look at the behind the scenes of the people that are making this happen! Along with that, I also give him some advice on how he can grow his business. We talk a lot about sales training, high ticket sales, and a whole bunch of other things! I think you guys are going to enjoy this episode! Join the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com______________________________________________________Here's how my businesses can help you:For a free consultation with my team go to https://RyanPineda.comWant to be coached by me on real estate investing? Apply at https://futureflipper.comLet my company make you passive income through E-commerce Automation! Watch the case study at http://lunarecom.comJoin my free coaching program for real estate agents! https://wealthyagent.io/Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/You can invest in my real estate deals! Go to https://pinedacapital.com______________________________________________________My other social media channels:Subscribe to my main channel "Ryan Pineda" https://www.youtube.com/c/ryanpinedaSubscribe to my real estate only channel "Future Flipper" https://www.youtube.com/c/futureflipper1Follow me on Social Media: https://www.instagram.com/ryanpinedashowhttps://www.tiktok.com/@ryanpinedahttps://www.twitter.com/ryanpinedashow______________________________________________________Ben is only 25 years old and dreamed of being an NFL player. Unfortunately, a sports injury prevented him from continuing that career. A different passion of Ben's was finance, so he pursued a career in finance. Ben worked in a 9 to five in finance and drove Uber on the weekends to start saving money to invest. He began to work with Financial Education Jeremy and made more than his 9 to 5 job! Listen in to hear all about Ben's journey and the advice I gave him! 

How should you structure your business? What are some safe investments in a recession? How can you save money on your taxes? All these questions and more in our interview with Thomas Kubiak, accountant extraordinaire.

Accounts Payable Process: Three-Way Match Accounting answers the basic question what is the three-way match and what are you supposed to match. The Three-Way Match is the foundation for the accounts payable function and sometimes the accounting function, as well. It involves matching quite a few issues such as price, quantity, etc. Accounts payable and accounting best practices absolutely always include a three-way match. The accounts payable process, if it includes accounts payable best practices, also includes a three-way match. It is considered a strong #accountspayable internal controls and all #accounting professionals recommend it. #threewaymatch The three-way match concept is an old approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control. Link to What You Need to Know to Work in Accounts Payable https://youtu.be/UGFaUkiNPP0 [260] What do you match in the three way match in the accounts payable or accounting process? Are you looking to match the price or the quantity asked a podcast viewer? Both, I replied, and a lot more.

Jake Jones, CPA  is the Controller of LeaseQuery. He has over 9 years of experience working with technology and healthcare companies to provide assurance over financial statements and identify areas for operational improvements. Prior to LeaseQuery, Jake was a senior manager at Cherry Bekaert. He received his Master of Accountancy from The University of Georgia.   Reach out to partners@leasequery to learn more about how Sage and LeaseQuery partnered to solve complex accounting.    Offer: Get 75% off the implementation of LeaseQuery if you mention this podcast and reach out to hope.davis@leasequery.com

Full show notes here: https://moderndirectseller.com/episode86 Time-based show notes: 0:50 Meet Steve Nauta 1:31 Steve Nauta's Background 05:17 Growth of Direct Sidekick 05:53 How It Direct Sidekick Works 07:48 Function for Managing Inventories 08:41 When Should Business Owners Use Direct Sidekick? 09:50 Using These System From the Onset of Your Business is Beneficial 09:54 How Direct Sidekick Helps You Form Good Habits 10:31 Can You Catch up on Past Transactions? 11:40 Why Should You Separate Business & Personal Finances? 13:34 Should You Set Up an Official Business Checking Account? 14:26 Tips for Direct Sellers on Keeping Track of Their Business 20:47 What Support Does Direct Sidekick Provide to Customers? 22:28 The Website is Mobile App Optimized 22:50 Where to Learn More About Direct Sidekick Try Direct Sidekick for free for 14 days and see how easy accounting can be for your business: https://app.directsidekick.com/subscribe?via=mds Facebook: https://www.facebook.com/DirectSidekick/ Let's Connect: FREE Facebook community: facebook.com/groups/myconsultanttraining Instagram: instagram.com/moderndirectseller YouTube: youtube.com/myconsultanttraining Pinterest: https://www.pinterest.com/moderndirectseller

You're a high performer who wants a career on your own terms. Maybe you're exploring the best next step? Maybe you feel stuck? Maybe you want more? No matter where you are right now, you need options. When you have options, you're in control. It may be time to change your mindset from C-Suite to Me-Suite. A well-planned strategy can help you answer the question: “How can I achieve the pinnacle of my career and have a life I cherish, too?”. Donna Peters joins the Goizueta Effect Podcast to discuss strategies for career-driven individuals who want more out of their work and life. She is an adjunct lecturer for Emory University's Goizueta Business School's Executive MBA program where she teaches healthy career-growing strategies. She is the founder and CEO of a career coaching organization, The Me-Suite. Her book, Options Are Power, helps high performers understand how the pursuit of their next career success, and a focus on a healthy lifestyle, are inextricably intertwined.  This episode of the Goizueta Effect was co-created in partnership with Emory student Scott Masterson. The “Me-Suite” Mindset Defined In most businesses, the C-Suite is composed of key positions including the chief executive officer, chief financial officer, and chief marketing officer. Among top priorities, these leaders handle three core duties: They marshal the core values of the company, keep the day-to-day operations running smoothly, and stay fresh and relevant for the future of the organization. When looking to lead our fullest lives, we should be thinking as C-suite leaders.   Peters developed this idea while on a business trip and has lived by it ever since. Like the C-Suite, we all need core values, a definition of primacy for ourselves (a sense of what is most important at any given time), a financial plan, a personal brand, relationships, an understanding of skills and strengths, and care for physical and mental health.  Usually, a company has one executive to oversee one specific area -- we should try to think like each of those executives across different scenarios given our lives are riddled with micro and macro decisions, like a business.  Components of the Me-Suite Mindset  Thinking Like a C-Suite: Companies that Lead by their Core Values Airbnb has a core value of “accessibility of home” which creates a warm place of family-like interaction. When the refugee crisis was peaking over this last year, Airbnb started offering free housing to refugees. It was an example of how the core value of the company as a moneymaker was also being used to say, "But this is who we are. And this is what we do. I'm not changing my company and my values. I'm just applying the value in a different situation. Still staying true to the core value of the company."  Airbnb's decision directly aligned with its positive core values. Companies actively make these decisions since core values are the foundation holding their business up.  Primacy: Not Everything is of Equal Importance When at a crossroads between choices consider asking yourself, “What matters the most right now?” For example, you may need to decide between salary and title, or salary and company reputation. You need to decide which aspects matter more to you in that moment.  While high performers want to achieve, they often always say “yes” to everything. Primacy can provide a great guide in learning to say “no”.  Developing Your Personal Brand in a Remote Working Environment  We have a personal brand whether we like it or not and we need to own it. Develop your brand so it signals what you want to attract.  Think about the mediums you have access to online: What does your LinkedIn profile say about you? What about your punctuality to online zoom meetings? On your screen, what's behind you and how are you dressed while on call? It's all up to you and there are no wrong answers if each decision is intentional.  Relationships and Networking: It's Necessary and More Natural than You May Think People often describe networking as “slimy.” Think of it as a bank account: we're constantly making deposits and withdrawals by helping one another.  Connections can also be characterized like a temperature on a thermometer; hot, those who will respond to you in 20 minutes with an emoji; room-temperature, people you may have just met or you connected with on LinkedIn because you went to the same university; to frozen, unfortunate relationships that are not helpful to you. Networking is crucial in creating powerful options that you can draw from. Understanding where your connections fall on the temperature scale is a great first step. Career Phases: The Different Career Personas Careers are incredibly dynamic, and individuals face different choices and challenges along the way. The Me-Suite mindset helps us understand ourselves better so that we can navigate these fluctuations and understand which persona(s) we fall under at a given time. When you look in the mirror, what do you see? The vast majority of individuals fall into three personas: Exploration Erica, Crossroads K.T., or Hamster Wheel Hank. Each can be described with thoughts that come to mind if one of the personas were to look in the mirror: Exploration Erica thinks, “I want more out of my career.” Crossroads K.T struggles between choices, "I must now make a big decision. I've got to decide. Do I stay inside this industry? Change industries? Do I go back to school?" And Hamster Wheel Hank may think, "I'm stuck. I don't know where to turn. I'm not sure what my options may be. But whatever it is, this isn't it." Throughout your career you may experience any one of these for any amount of time. By acquiring options and strategizing like a C-Suite leader, you can reach an understanding of how to address them and adapt.  “Options are Power” When we feel trapped, neurological research shows that the amygdala activates a variety of negative responses. In response to the feeling that we don't have options or when we are paralyzed by choices, the amygdala increases cortisol in the body, which has a stress-inducing effect. It can impact the quality of our sleep. If it goes to extremes, it can have outcomes of anxiety and depression. Like an options contract in investing, options in this context give us the right, but not the obligation, to make a change in our life. Being a Hamster Wheel Hank is never a great feeling. That's when possessing the Me-Suite mindset comes in handy.  Assessing if your current life decisions align with your personal core values allows you to determine if you're where you should and want to be. Likewise, if you're at a crossroads in your career, you may consider your own personal brand and which decision aligns most with your next step.   To ease decision-making, ask yourself the following questions: “Does what I'm doing support my core values? Does this decision align with my personal brand?” The process will reduce stress, clear your mind, and boost your decision-making skills in your career.  To learn more about Goizueta Business School and how principled leaders are driving positive change in business and society, visit goizueta.emory.edu.  

In this special episode filmed at the NJCPA Convention & Expo, Brad Muniz and Frank Boutillette provide updates on ESG issues under consideration by FASB and SEC; the AICPA's proposal to update compliance audit definitions; recent trends and proposed disclosure rules for SPACs; and more. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:Proposed revisions to the AICPA Code of Professional Conduct: Compliance auditsSEC Proposes to Enhance ESG DisclosuresSEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to SPACs, Shell Companies and ProjectionsJoin the NJCPA Accounting & Auditing Standards Interest Group, Governmental Accounting & Auditing Interest Group or Nonprofit Interest GroupVisit the Accounting & Auditing Knowledge Hub

90. Jan Siegmund - Lead with Authenticity “The biggest impact in any organization for your wellbeing is your direct supervisor…a CEO or CFO talking nice words about inclusion are not as meaningful if they don't translate in day-to-day life.” Guest Info: Jan Siegmund is Cognizant's Chief Financial Officer. In this role, he leads the company's worldwide Financial Planning and Analysis, Accounting and Controllership, Tax, Treasury and Internal Audit functions. He also oversees Corporate Development, Investor Relations and Enterprise Risk Management. Prior to joining Cognizant in September 2020, Jan served for seven years as Corporate Vice President and Chief Financial Officer of Automatic Data Processing (ADP), a $14-billion global human capital management technology and service provider. Earlier in his two-decade tenure with ADP, he held the roles of President, Added Value Services Division, developing and executing the company's growth strategy, and Chief Strategy Officer, with responsibility for corporate strategy, M&A, government affairs, and product management and marketing. He began his career at McKinsey & Company. Jan is a member of the Board of Directors of The Western Union Company, where he is Chair of the Audit Committee and a member of the Compliance Committee. He holds a master's degree in Industrial Engineering from Technical University Karlsruhe, Germany, a master's degree in Economics from the University of California, Santa Barbara and a doctorate in Economics from Technical University of Dresden, Germany. Favorite Quote: “The important thing in life is not perfection – the important thing is bending the curve towards the better.” R.O.G. Takeaway Tips: Actions we can take as a person:: Clarify answers to these deep questions:What is my authentic voice?  What is my V.I.B.E.? Values, Interests, Beliefs and Energy Sources.  What makes me unique? As a leader: If you are not a member of the LGBTQIA'+  community, and not aware of the realities and truths of associates who are, do your work. Learn. Understand. Glaad: The Value of LGBT in the Workplace SHRM: Ensuring Workplace Inclusion for LGBTQ Employees Out & Equal: 20 Steps to an Out & Equal Workplace  If you are aware and understand, be intentional about signaling your allyship and help others. Perhaps, you don't celebrate Pride month. Be respectful of those who do.  Listen to Episode 86 with H Walker for more. Resources: Jan Siegmund | I AM | Diversity in Leadership | Cognizant Cognizant — Diversity and Inclusion This is what Jan mentions at the end of the interview. The details are shared on our YouTube Channel.  Cognizant Earns Perfect Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index Cognizant on LinkedIn: Driving Forward Diversity, Inclusion, and LGBTQ+ Allyship Coming Next: We are taking our summer break. We will return with episode 91 on August 30.  In the meantime, enjoy past episodes and have a healthy and enjoyable summer. Episode 91 will air on August 30th, with a recap of the first half of 2022 and highlights for the second half. Enjoy the summer! Credits: Jan Siegmund, Sheep Jam Productions, Host Shannon Cassidy, Bridge Between, Inc.

At the core of the entrepreneurial orientation that is the engine of vibrant, growing, value-creating, customer-first businesses, we find the principles of subjectivism and subjective value. Subjective value embraces not only the value the customer seeks, but also the value that entrepreneurs establish in their companies: capital value. Once businesses master these two principles in combination, they can open new horizons of innovation and growth. Key Takeaways and Actionable Insights A fundamental advantage of Economics For Business over traditional business schools is the understanding of subjective value. It's hard for conventional businesses, and for the traditional instruction in business school, to fully embrace all the insights of subjectivism and the subjectivism of value. The traditional bias is towards numbers, quantification, prediction, and financial control. Value is conflated with price and profit. Value is what customers will pay, cost is what the producer pays for inputs, and profit is the difference. Value is inherent in the thing that is produced. Finance and accounting are the numerical tools for computing these relationships. When business embraces subjectivism, the value is not in the thing. Human minds bring value to the thing. Value comes ultimately from the consumer or end-user. They evaluate the offerings available to them and make value decisions, to part with their money (or not) to claim the value that's offered. Value is better thought of as a verb rather than a noun. It's an emotional driver of decision-making. Firms can't impose their concepts of value on customers. A key difference for the subjectivist approach is that customers alone determine value and producers can't create it and sell it. Value is experienced by customers and, of course, experience lies entirely with them and can't be reproduced or projected or simulated by producers. That doesn't mean that there's no role in value generation for businesses. Steve Phelan broke down the firm's value role into 3 parts: value imagination, value delivery and value capture. Value imagination is a belief about the future — entrepreneurs imagine (or have a “hunch” about) a future in which a target customer experiences value from the producer's offering, the goods and/or services they make available to customers. This imagination step is a major component of the entrepreneurial journey construct we employ at econ4business.com to help businesses generate value and grow. It's creativity at work — where value creation starts. Value delivery is implementation of the imagined value: designing the goods / services for commercial offering, assembling all the components required for implementation (including people in team roles as well as production assets) and taking the offering to the marketplace with a price and a value communication bundle. Value capture concerns how much of the value experienced by the customer flows back to the producer. Typically, value production takes place in a system — perhaps including retail channels, or a wholesale partner, or a bank of financial partner. How much of the value flow do they take? Or how about competition, who might copy and undercut. Or suppliers who violate contracts or under-perform on contracted services. Entrepreneurs must pay close attention to value capture. Subjective value thinking extends to business investment decisions. Subjectivism applies not only to value but to the assets of a producing firm. The subjectivist approach understands assets as providers of potential services that customers might value. Most classes of assets (including people) can be assigned to multiple different uses and multiple configurations for the provision of different services. Entrepreneurship weighs up — evaluates — all the possibilities and assigns the assets to their greatest value generating uses. Value calculus assesses the value-producing arrangements inside the firm. Entrepreneurial producers of value face in two directions: outward to the market and customers, and inwards to the firm and its internal organization. Looking inwards, producers must calculate which assets — including both human capital assets and physical assets — in which combination result in the greatest value for customers at the least cost. This requires an evaluation that assesses value flowing to the customer from the firm. Since value is subjectively determined by the customer, this calculation is extremely challenging. Peter Lewin called it subjective quantification, and Steve Phelan used the term value calculus. It's a combination of qualitative and quantitative assessments that's learned over time. It's highly contingent on the (changing) value preferences of customers. Internally, managers must combine their people assets and physical assets in a way that produces most value based on this uncertain and changing value calculus. Entrepreneurs and owners can't be the decision-makers for everyone, and so the organizational technology must be designed for greatest value generation. Instructively, that organizational technology has been changing over time — from highly structured and divisionalized organizations to today's more open, networked, and interconnected organizations. The tool for capturing this value calculus is EVA — economic value added. Capital is a value. In fact, Ludwig von Mises remarked that it was unfortunate that business ever coined the term capital goods, because it tends to make us think of capital as something solid and fixed. It's not — it's the result of the value calculus that Steve Phelan talks about. Capital value can be measured, but not in the way that is captured on a P&L or a balance sheet — creating numbers that appear to be exact, and fixed and fully determined. Entrepreneurs must estimate capital value and the estimate is that of the valuer. They do so algorithmically — there's a process and a routine but it's not necessarily mathematical. It includes breaking down the asset combination into smaller and smaller components — perhaps individual people or teams, or perhaps divisions versus the entire company, or perhaps some set of components that can be thought of as an integrated grouping — and assessing their relative capital value contribution. Money values can be used since this helps the expression of relative value, but the algorithmic computation is never exact. Its validity is always in the eye of the valuer. The goal is to find costs that don't add value, or don't add as much value as other costs. Accounting and finance — one looking to the past to measure what happened and one looking to the future to predict what will happen — offer objective-looking numbers, but they truly reflect the subjective value calculus of the entrepreneur in trying to allocate economic value added as accurately as possible. Additional Resources "An Austrian Theory Of The Firm" by Peter Lewin and Steven Phelan: Mises.org/E4B_176_PDF1 Austrian Capital Theory: A Modern Survey of the Essentials by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_Book "Entrepreneurship in a theory of capital and finance — Illustrating the use of subjective quantification" by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_PDF2

At the core of the entrepreneurial orientation that is the engine of vibrant, growing, value-creating, customer-first businesses, we find the principles of subjectivism and subjective value. Subjective value embraces not only the value the customer seeks, but also the value that entrepreneurs establish in their companies: capital value. Once businesses master these two principles in combination, they can open new horizons of innovation and growth. Key Takeaways and Actionable Insights A fundamental advantage of Economics For Business over traditional business schools is the understanding of subjective value. It's hard for conventional businesses, and for the traditional instruction in business school, to fully embrace all the insights of subjectivism and the subjectivism of value. The traditional bias is towards numbers, quantification, prediction, and financial control. Value is conflated with price and profit. Value is what customers will pay, cost is what the producer pays for inputs, and profit is the difference. Value is inherent in the thing that is produced. Finance and accounting are the numerical tools for computing these relationships. When business embraces subjectivism, the value is not in the thing. Human minds bring value to the thing. Value comes ultimately from the consumer or end-user. They evaluate the offerings available to them and make value decisions, to part with their money (or not) to claim the value that's offered. Value is better thought of as a verb rather than a noun. It's an emotional driver of decision-making. Firms can't impose their concepts of value on customers. A key difference for the subjectivist approach is that customers alone determine value and producers can't create it and sell it. Value is experienced by customers and, of course, experience lies entirely with them and can't be reproduced or projected or simulated by producers. That doesn't mean that there's no role in value generation for businesses. Steve Phelan broke down the firm's value role into 3 parts: value imagination, value delivery and value capture. Value imagination is a belief about the future — entrepreneurs imagine (or have a “hunch” about) a future in which a target customer experiences value from the producer's offering, the goods and/or services they make available to customers. This imagination step is a major component of the entrepreneurial journey construct we employ at econ4business.com to help businesses generate value and grow. It's creativity at work — where value creation starts. Value delivery is implementation of the imagined value: designing the goods / services for commercial offering, assembling all the components required for implementation (including people in team roles as well as production assets) and taking the offering to the marketplace with a price and a value communication bundle. Value capture concerns how much of the value experienced by the customer flows back to the producer. Typically, value production takes place in a system — perhaps including retail channels, or a wholesale partner, or a bank of financial partner. How much of the value flow do they take? Or how about competition, who might copy and undercut. Or suppliers who violate contracts or under-perform on contracted services. Entrepreneurs must pay close attention to value capture. Subjective value thinking extends to business investment decisions. Subjectivism applies not only to value but to the assets of a producing firm. The subjectivist approach understands assets as providers of potential services that customers might value. Most classes of assets (including people) can be assigned to multiple different uses and multiple configurations for the provision of different services. Entrepreneurship weighs up — evaluates — all the possibilities and assigns the assets to their greatest value generating uses. Value calculus assesses the value-producing arrangements inside the firm. Entrepreneurial producers of value face in two directions: outward to the market and customers, and inwards to the firm and its internal organization. Looking inwards, producers must calculate which assets — including both human capital assets and physical assets — in which combination result in the greatest value for customers at the least cost. This requires an evaluation that assesses value flowing to the customer from the firm. Since value is subjectively determined by the customer, this calculation is extremely challenging. Peter Lewin called it subjective quantification, and Steve Phelan used the term value calculus. It's a combination of qualitative and quantitative assessments that's learned over time. It's highly contingent on the (changing) value preferences of customers. Internally, managers must combine their people assets and physical assets in a way that produces most value based on this uncertain and changing value calculus. Entrepreneurs and owners can't be the decision-makers for everyone, and so the organizational technology must be designed for greatest value generation. Instructively, that organizational technology has been changing over time — from highly structured and divisionalized organizations to today's more open, networked, and interconnected organizations. The tool for capturing this value calculus is EVA — economic value added. Capital is a value. In fact, Ludwig von Mises remarked that it was unfortunate that business ever coined the term capital goods, because it tends to make us think of capital as something solid and fixed. It's not — it's the result of the value calculus that Steve Phelan talks about. Capital value can be measured, but not in the way that is captured on a P&L or a balance sheet — creating numbers that appear to be exact, and fixed and fully determined. Entrepreneurs must estimate capital value and the estimate is that of the valuer. They do so algorithmically — there's a process and a routine but it's not necessarily mathematical. It includes breaking down the asset combination into smaller and smaller components — perhaps individual people or teams, or perhaps divisions versus the entire company, or perhaps some set of components that can be thought of as an integrated grouping — and assessing their relative capital value contribution. Money values can be used since this helps the expression of relative value, but the algorithmic computation is never exact. Its validity is always in the eye of the valuer. The goal is to find costs that don't add value, or don't add as much value as other costs. Accounting and finance — one looking to the past to measure what happened and one looking to the future to predict what will happen — offer objective-looking numbers, but they truly reflect the subjective value calculus of the entrepreneur in trying to allocate economic value added as accurately as possible. Additional Resources "An Austrian Theory Of The Firm" by Peter Lewin and Steven Phelan: Mises.org/E4B_176_PDF1 Austrian Capital Theory: A Modern Survey of the Essentials by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_Book "Entrepreneurship in a theory of capital and finance — Illustrating the use of subjective quantification" by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_PDF2

A habit is a routine behavior that determines our productivity level and our work ethic. Our habits are closely aligned with our mindset and how we approach challenges. Do we embrace wanting to achieve excellence or do you become complacent? Our success is a combination of mindset and habits, plus leadership. I hope that you practice great leadership as the most important habit of all. Episode outline:Your habits determine your daily success,What successful people do to build and reinforce good habits, and The most important habit is practicing great leadership.Please connect with me on:1. Instagram: stephen.mclain2. Twitter: smclainiii3. Facebook: stephenmclainconsultant4. LinkedIn: stephenjmclainiiiConsider joining The Finance Leader Podcast Community Facebook Group, where we can talk leadership and the other topics I present here on the podcast. https://www.facebook.com/groups/financeleaderpodcast  This is a good time to jump in and start sharing ideas and thoughts about leadership so we can help each other.For more resources, please visit stephenmclain.com. On the website, you can download the Leadership Growth Blueprint for Finance and Accounting Managers. You can use this guide to develop your leadership by focusing on communication, and growing and empowering your team.You can now purchase a course to help you advance your career from financeleaderacademy.com. It's called Advance Your Finance and Accounting Career: Developing a Promotion Strategy that Sets You Apart.

At the core of the entrepreneurial orientation that is the engine of vibrant, growing, value-creating, customer-first businesses, we find the principles of subjectivism and subjective value. Subjective value embraces not only the value the customer seeks, but also the value that entrepreneurs establish in their companies: capital value. Once businesses master these two principles in combination, they can open new horizons of innovation and growth. Key Takeaways and Actionable Insights A fundamental advantage of Economics For Business over traditional business schools is the understanding of subjective value. It's hard for conventional businesses, and for the traditional instruction in business school, to fully embrace all the insights of subjectivism and the subjectivism of value. The traditional bias is towards numbers, quantification, prediction, and financial control. Value is conflated with price and profit. Value is what customers will pay, cost is what the producer pays for inputs, and profit is the difference. Value is inherent in the thing that is produced. Finance and accounting are the numerical tools for computing these relationships. When business embraces subjectivism, the value is not in the thing. Human minds bring value to the thing. Value comes ultimately from the consumer or end-user. They evaluate the offerings available to them and make value decisions, to part with their money (or not) to claim the value that's offered. Value is better thought of as a verb rather than a noun. It's an emotional driver of decision-making. Firms can't impose their concepts of value on customers. A key difference for the subjectivist approach is that customers alone determine value and producers can't create it and sell it. Value is experienced by customers and, of course, experience lies entirely with them and can't be reproduced or projected or simulated by producers. That doesn't mean that there's no role in value generation for businesses. Steve Phelan broke down the firm's value role into 3 parts: value imagination, value delivery and value capture. Value imagination is a belief about the future — entrepreneurs imagine (or have a “hunch” about) a future in which a target customer experiences value from the producer's offering, the goods and/or services they make available to customers. This imagination step is a major component of the entrepreneurial journey construct we employ at econ4business.com to help businesses generate value and grow. It's creativity at work — where value creation starts. Value delivery is implementation of the imagined value: designing the goods / services for commercial offering, assembling all the components required for implementation (including people in team roles as well as production assets) and taking the offering to the marketplace with a price and a value communication bundle. Value capture concerns how much of the value experienced by the customer flows back to the producer. Typically, value production takes place in a system — perhaps including retail channels, or a wholesale partner, or a bank of financial partner. How much of the value flow do they take? Or how about competition, who might copy and undercut. Or suppliers who violate contracts or under-perform on contracted services. Entrepreneurs must pay close attention to value capture. Subjective value thinking extends to business investment decisions. Subjectivism applies not only to value but to the assets of a producing firm. The subjectivist approach understands assets as providers of potential services that customers might value. Most classes of assets (including people) can be assigned to multiple different uses and multiple configurations for the provision of different services. Entrepreneurship weighs up — evaluates — all the possibilities and assigns the assets to their greatest value generating uses. Value calculus assesses the value-producing arrangements inside the firm. Entrepreneurial producers of value face in two directions: outward to the market and customers, and inwards to the firm and its internal organization. Looking inwards, producers must calculate which assets — including both human capital assets and physical assets — in which combination result in the greatest value for customers at the least cost. This requires an evaluation that assesses value flowing to the customer from the firm. Since value is subjectively determined by the customer, this calculation is extremely challenging. Peter Lewin called it subjective quantification, and Steve Phelan used the term value calculus. It's a combination of qualitative and quantitative assessments that's learned over time. It's highly contingent on the (changing) value preferences of customers. Internally, managers must combine their people assets and physical assets in a way that produces most value based on this uncertain and changing value calculus. Entrepreneurs and owners can't be the decision-makers for everyone, and so the organizational technology must be designed for greatest value generation. Instructively, that organizational technology has been changing over time — from highly structured and divisionalized organizations to today's more open, networked, and interconnected organizations. The tool for capturing this value calculus is EVA — economic value added. Capital is a value. In fact, Ludwig von Mises remarked that it was unfortunate that business ever coined the term capital goods, because it tends to make us think of capital as something solid and fixed. It's not — it's the result of the value calculus that Steve Phelan talks about. Capital value can be measured, but not in the way that is captured on a P&L or a balance sheet — creating numbers that appear to be exact, and fixed and fully determined. Entrepreneurs must estimate capital value and the estimate is that of the valuer. They do so algorithmically — there's a process and a routine but it's not necessarily mathematical. It includes breaking down the asset combination into smaller and smaller components — perhaps individual people or teams, or perhaps divisions versus the entire company, or perhaps some set of components that can be thought of as an integrated grouping — and assessing their relative capital value contribution. Money values can be used since this helps the expression of relative value, but the algorithmic computation is never exact. Its validity is always in the eye of the valuer. The goal is to find costs that don't add value, or don't add as much value as other costs. Accounting and finance — one looking to the past to measure what happened and one looking to the future to predict what will happen — offer objective-looking numbers, but they truly reflect the subjective value calculus of the entrepreneur in trying to allocate economic value added as accurately as possible. Additional Resources "An Austrian Theory Of The Firm" by Peter Lewin and Steven Phelan: Mises.org/E4B_176_PDF1 Austrian Capital Theory: A Modern Survey of the Essentials by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_Book "Entrepreneurship in a theory of capital and finance — Illustrating the use of subjective quantification" by Peter Lewin and Nicolas Cachanosky: Mises.org/E4B_176_PDF2

Savvas Perdios was born and raised in Nicosia and has been the Deputy Minister of Tourism of the Republic of Cyprus since January 2019. He studied Accounting and Finance at Warwick University (2002-2004) and International Hospitality Management (BA, 2004-2008) at the École hôtelière de Lausanne, Switzerland In this podcast episode we talk about how lucky Savvas considers himself because he can practice his hobby for a living. He is a hospitality expert through and through and has started summer jobs at a very young age in hotel departments like kitchen, maintenance, service, banqueting, housekeeping and guest relations. Between 2008 and 2010 after completing his studies, Mr Perdios worked for internationally-known companies like Design Hotels in Mykonos and Kempinski Hotels in Switzerland. Savvas Perdios has lots of wonderful plans and ideas for Cyprus and wants to show the world how much more than sun and beach this island has to offer and I couldn't agree with him more. Listen to the episode and come and visit us.

SEGMENT 1 with David Gelles, starting at 0:00: In our society today, we revere many of our most financially successful business leaders with almost religious dedication. Think about all the memorials at Apple stores by consumers when Steve Jobs died… or the respect that Elon Musk, Jeff Bezos, and Richard Branson get. Is this deserved?SEGMENT 2 with Ivy Walker, starting at 19:00: I always said that if entrepreneurs knew the risks they were taking in starting a business, they never would be doing it. Risk management is something that every small business owner needs to do. Here to simplify it for entrepreneurs and small business owners is Ivy Walker. SEGMENT 3 with Garrett Baird, starting at 36:15: Bookkeeping and accounting consistently confounds small business owners. How can we make it simpler? Garrett Baird is here to help.Sponsored by Truly Financial.

Investment Analyst Kyle Guske II sat down with Chuck Jaffe of Money Life to talk about our Danger Zone picks this week. The post Podcast: Why These Three Zombie Stocks Are in The Danger Zone appeared first on New Constructs.

That's a wrap on Season 5 of Accountants on Purpose! What an inspiring season with such an amazing group of people who have such a diverse range of experience, across many different organisations and industries, all across the world! As made evident this season, the job of a CFO or In-House is not just about revenue, costs and budgets. This season has been all about leadership and purpose and has emphasised the importance of enjoying what you do. We've learned many inspiring lessons from our guests that we want to share in this episode. Thank you to our sponsor, Chartered Accountants Australia & New Zealand for their support and a massive thank you to all of the guests and everyone who listened in to Season 5!

Kelly Cultrara is President and Managing Partner of AP Professionals of WNY.  APWNY is a full-service, locally owned search and staffing firm specializing in Accounting, Finance, Human Resources, Administrative, Engineering, Operational Excellence, IT and Executive Search, both on a permanent and contract basis. Kelly is a dynamic sales and marketing leader / entrepreneur that has enjoyed a fulfilling career in staffing that has led her to become the first female Managing Partner at AP,  since its inception in 1993.   She has been delivering staffing solutions to a wide array of Fortune 500 corporations and privately held businesses across WNY for over 25 years, and offers the most personalized service and approach to career placement for job seekers.  She prides herself on AP's company motto of developing “relationships that last a lifetime”.  Additionally, she has spent her career serving the community, starting early on with a position on the Buffalo chapter board of March of Dimes.  She has since sat on several boards and committees and is passionate about helping women and children in particular.  She is presently a founding member of a grassroots organization called the Fifty Fabulous Women Giving Circle that offers grants to local small non-profits dedicated to the support of women and children in need across our community, which led her to her most recent board position with UPward Design for Life.  Her passion and dedication for helping women into leadership positions has been a major focus in her career and started with her own journey to become the first female partner in the AP Group of companies.  In 2018 she was awarded WNY Women Making History Award, issued by NYS Senator Timothy Kennedy.  Kelly is also an original member of the WNY Chapter of NRHA and has served as Past President, President Elect and Membership Chair.  As an original board member, she was awarded the 2016 Courage Award by the National HR Association for starting a new chapter.

This week we speak with Sheila Weinberg, Founder and CEO of Truth in Accounting. We talk about the published US national debt vs the true amount! Check out the website for great articles and reports about the true financial state of the US, and of the States and major cities. Also, play with the Data-Z tool to see what's going on in your locality at www.truthinaccounting.org.

Join us for a demystifying episode of the Accounting Matters podcast as Embarkers Adam Olsen, Zac Smith, and Julie Avellanet take a closer look at accounting for stock warrants. Yes, warrants can be a bit confusing at first glance, even for veteran accountants. But as you'll find out, their bark is usually worse than their bite.For more information on warrants and equity accounting:ASC 718: Compensation–Stock CompensationEquity Accounting Transaction Considerations and Other ComplexitiesASU 2020-06 and You: Simplifying Accounting for Convertible InstrumentsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

A key responsibility for anyone in the finance function is closing the company books on a monthly, quarterly and yearly basis. And although to a layperson that may seem like a straightforward process, anyone with an accounting or finance background knows it's anything but. Filled with multiple stakeholders and dependencies, the financial close can be a complicated process for even a small organization. But that complexity can increase algorithmically with the size of the organization. In this sponsored episode of the Financial Executive Podcast I speak with Nancy Wu, head of sales and support at SkyStem. SkyStem provides account reconciliation and financial close applications for the enterprise. Nancy speaks about the increased use of automation in the financial close and how recent events, like the move to remote working during the COVID-19 pandemic, may have accelerated an already rapidly changing financial close process. For more information on SkyStem please visit www.skystem.com. Special Guest: Nancy Wu.

When I watched Star Trek as a kid, I was amazed by the technology. Talking to the computer, the touch screens, the handheld communicators. We have most of those devices now, without the space travel. Hopefully that will start to change with all the efforts being made by various organizations.   One of the things that always bothered me was the chance for mistakes. A mis-spoken (or mis-heard) command to a computer that didn't verify things as a human might. The chance to hit the wrong part of the screen as the starship moved. It seemed as though soft buttons would have allowed more mistakes than hard ones. Certainly humans make mistakes with physical switches, but I think I make more mistakes trying to hit a part of the screen in my Tesla than using one of the (few) buttons or wheels to change something. Interestingly enough, my 23 year old decided on a slightly older car because it had more physical buttons and fewer soft ones. Read the rest of Accounting for Typos

In one of the most helpful episodes I've ever recorded, Jennie Schottmiller and I discuss "All Things Taxes and Accounting." If you need EASY-to-make-sense-of tax advice or want to listen to Jennie Schottmiller and I go down our own ADHD rabbit holes, this episode is for you! Jennie and I talk about... Small business startup FAQs Accounting 101 Very common accounting errors How to ask for tax help without feeling ashamed Tangible steps you can take starting today to make your business run smoothly Business Startup 101 Jennie gives out tons of FREE tax advice and even makes talking about accounting FUN. Once you realize that accounting is just numbers on pieces of paper, it's a lot easier to feel less intimidated by them. Putting your systems in place helps make your business and your life run a lot more smoothly. Jennie is an accountant and mental health therapist, basically making her a unicorn in the field. She runs one of the most helpful FB groups around, "Simple Profit For Mental Health Clinicians." More About Jennie: Jennie Schottmiller is a licensed marriage and family therapist (LMFT) and licensed Certified Public Accountant (CPA) in Pennsylvania. In 2007, Jennie left accounting to focus on health and family. She became a marriage and family therapist in 2010. Soon after opening her private therapy practice, Jennie realized that many of her peers struggled with accounting, tax, budgeting, and cash management. In addition to her clinical practice, she now runs Simple Profit offering free resources as well as a membership to provide education and support in managing business tasks.  Connect with Jennie Schottmiller at: https://www.simpleprofit.com

Ashley Harris serves as Chief Financial Officer for Boys & Girls Clubs of Central Orange Coast leading all finance and accounting operations to ensure the fiscal strength of the Club. As CFO, Ashley oversees financial reporting, cash management, forecasting, GAAP compliance and audit readiness. Ashley is committed to maximizing the Club's budget to ensure the continued growth and success of the Club's mission to serve 9,500+ youth in Orange County. Prior to joining Boys & Girls Clubs of Central Orange Coast, Ashley worked in corporate finance at Johnson & Johnson and Hyundai Capital America where she honed her skills in the areas of cash forecasting, financial reporting, capital asset management, budget management, auditing and SEC compliance. Ashley prides herself on efficiency and implementation of strategies to streamline accounting processes and build financial metrics to complement business strategy, whether in the not-for-profit or for-profit world. Ashley has a strong passion for millennial financial success and wealth-building for people of all backgrounds. A significant amount of her participation in professional industry associations and community organizations correlates with financial education. In 2016, Ashley authored her first book, “It's Not You, It's Your Money” to provide a roadmap for young adults to have a positive and proactive relationship with money. Ashley was also featured on Charles Schwab's segment “Money Matters: Make it Count” where she discussed the importance of financial literacy and the impact that learning about money as a teenager had on her interest in personal finance and her career path. Ashley is a member of Forbes Finance Council, Howard Alumni Association, National Association for Black Accountants, and Toastmaster Los Angeles. She also volunteers with Salvation Army Angel Tree Project. Since becoming a member of Forbes Finance Council in 2021, Ashley has been featured in several articles including, “16 Practical Steps To Help Your Business Weather An Economic Recession,” “11 Smart Ways A Young Adult Can Start Building A Good Credit Score,” and “Four Big Company Financial Practices To Use In Your Personal Finances.” Ashley hails from Trenton, New Jersey. As a youth, Ashley was a member of her local Boys & Girls Club. Ashley won the Club's Youth of The Year Award during her senior year of high school. She remains active with Boys & Girls Club of Trenton/Mercer County as she knows the importance of the programs and mentorship that the Club offers. Ashley holds both a B.A. and M.B.A in Accounting from Howard University in Washington, DC. -- Critical Mass Business Talk Show is Orange County, CA's longest-running business talk show, focused on offering value and insight to middle-market business leaders in the OC and beyond. Hosted by Ric Franzi, business partner at Renaissance Executive Forums Orange County. Learn more about Ric at www.ricfranzi.com. Catch up on past Critical Mass Business Talk Show interviews... YouTube: https://lnkd.in/gHKT2gmF LinkedIn: https://lnkd.in/g2PzRhjQ Podbean: https://lnkd.in/eWpNVRi Apple Podcasts: https://lnkd.in/gRd_863w Spotify: https://lnkd.in/gruexU6m #orangecountyca #mastermind #ceopeergroups #peergroups #peerlearning

On today's podcast I had Keala Kanae on. Keala has a very interesting background. He is an affiliate marketer who has done over $75 million in revenue selling other people's products! Along with that, he's spent over $1 million per month on ads. We talked about how people can utilize ads for their business, so wether you're a real estate investor, an entrepreneur, or in any type of industry, this talk is very insightful! It's insightful especially for a guy like me because he talked about a concept that I haven't even thought about, which is losing money on the ads! We go in depth on what it looks like to actually spend more money than what the customer is paying you to get them, and why that can make you extremely profitable in the long run, as long as you're willing to fulfill on the product. Speaking of fulfillment, we also talked about the risks of scaling too fast. Keala talked about how his business scaled way too fast and he had issues with partnerships, fulfillment, and it was a giant lesson for him as an entrepreneur and as a business owner. Just going through that kind of breakup and all the thoughts of anxiety, depression, and other things that we all struggle with sometimes as entrepreneurs. So, I appreciate him for being vulnerable and sharing a lot of the things he learned along the way. I think you're going to get some real tactical information for how to run paid traffic and funnels for your business. Follow with Keala on social media! Instagram - @kealakanaeYoutube -  @Keala Kanae  Website - https://fullstaqmarketer.com Join the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com______________________________________________________Here's how my businesses can help you:For a free consultation with my team go to https://RyanPineda.comWant to be coached by me on real estate investing? Apply at https://futureflipper.comLet my company make you passive income through E-commerce Automation! Watch the case study at http://lunarecom.comJoin my free coaching program for real estate agents! https://wealthyagent.io/Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/You can invest in my real estate deals! Go to https://pinedacapital.com______________________________________________________My other social media channels:Subscribe to my main channel "Ryan Pineda" https://www.youtube.com/c/ryanpinedaSubscribe to my real estate only channel "Future Flipper" https://www.youtube.com/c/futureflipper1Follow me on Social Media: https://www.instagram.com/ryanpinedashowhttps://www.tiktok.com/@ryanpinedahttps://www.twitter.com/ryanpinedashow______________________________________________________Keala was an entrepreneur right out of high school. He tried working as a party promoter, day trader, FOREX trader, MLM stuff, and finally settled on affiliate marketing! He had his first 5 figure month as an affiliate marketer and then began his educational business. Affiliate marketing is structured where there is no need to come up with your own product or business, but where Keala makes a commission based on how many products he sells, where he is selling someone else's products. Keala talks about the history of his business and his strategies he utilized to grow his business. 

There are some subjects that are perceived to be mind-numbingly dull and boring. One such subject is accounting.  Yet, believe it or not, accounting and bookkeeping have not only have been around since the dawn of human civilization, but they also had a hand in shaping it.  Without it, the world would be a very different place today. Learn more about accounting and bookkeeping, and how they really aren't as boring as they seem, on this episode of Everything Everywhere Daily. Subscribe to the podcast!  https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes Try Ka'Chava, your daily super blend for health-conscious people on-the-go https://www.kachava.com/Everywhere -------------------------------- Executive Producer: Darcy Adams Associate Producers: Peter Bennett & Thor Thomsen   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Search Past Episodes at fathom.fm Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/everything-everywhere-daily-podcast/ Everything Everywhere is an Airwave Media podcast." or "Everything Everywhere is part of the Airwave Media podcast network Please contact sales@advertisecast.com to advertise on Everything Everywhere. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Drink While You Think, Kenji & Matthew talk about that all important thing – accountants are too slow to increase pricing, a necessary part of your business.Tune in for topics like...

Few people spend as many days as we do testing skis on snow. But Rossignol's AJ Kruajitch definitely does. So Jonathan Ellsworth spent a day at Les Deux Alpes going through AJ's testing process, then talking with him and Jake Stevens about the similarities and differences in our approaches.TOPICS & TIMES:Introducing Jake & AJ (2:51)Brand development since 1907 (17:13)The testing process: similarities & differences (20:17)“Band of Tasters” (40:10)Accounting for different tastes (48:05)What We're Celebrating (56:10)RELATED LINKS:Blister LabsVideos from our Blister Summit 2022Subscribe to our Newsletter & Gear GiveawaysBecome a Blister Member / Get our Buyer's GuideCHECK OUT OUR OTHER PODCASTS:Blister PodcastBikes & Big IdeasOff the Couch See acast.com/privacy for privacy and opt-out information.

#AEWForbiddenDoor #MMA #UFC Before Kyle heads to Chicago we are back to give you our picks for All Elite Wrestling and New Japan Pro Wrestling's Forbidden Door ! on the Combat Sports end of things last week's guest Britain Hart goes to war for the second time with #Bellator and #UFC vet Rowdy Bec Rawlings at Bare Knuckle FC 26 and Kyle will talk about the fights at Lights Out Championship this weekend UFC Bellator and more ! Brought to you by our sponsors at G3 Payroll Tax and Accounting !https://www.facebook.com/G3Payroll

This Podcast Is Episode Number 477, And It's About Ways To Sustain The Life Line Of Your Construction Company   Cash flow refers to the movement of money into and out of your business. It's based on the amount of money you bring in minus the amount you spend. A positive cash flow means bringing in more than you're spending. A negative cash flow means you aren't bringing in enough to cover your expenses.   Your construction company can run into problems by not charging enough for goods or services, having late-paying clients, growing too quickly, or simply spending too much money.   Solid cash flow management is vital to ensuring your contracting business survives, but not everyone understands what cash flow is or how to manage it. That's likely what makes it a leading cause of stress for small business owners.    Cash flow can vary throughout the year, depending on sales cycles or whether you've made a large purchase.  Here are three strategies you can use to gain control over your cash flow. 1. Understand your profitability Managing your cash flow is excellent, but it won't help if your business isn't profitable. Determine where your business is most beneficial and where you're dealing with cost overruns. Look at your services to determine how much they bring into your business compared to how much you spend to provide them. Find any inefficiencies in your processes and eliminate them if possible. A solid cash flow ensures you offer excellent goods and services and help you achieve your goals while reducing those negatively affecting your finances. You may need to increase your prices to reflect the cost of goods sold. Similarly, take a look at your clients. Are there some that you are undercharging or spending too much time and energy on? Can you increase their fees or find higher-paying clients? (I have recently discussed these points in my Tuesday email. If you don't want to miss out, you can subscribe by filling out the form on the right). 2. Write a cash flow forecast. Your cash flow forecast (a cash flow projection) predicts how your construction business will perform financially over a set period. It's a good idea to have a cash flow forecast for a year, broken down into quarters and months. The projection considers your revenue and expenses over those set periods and helps you figure out how much you need to make in that period to cover your costs. It can also allow you to anticipate any upcoming cash flow issues, such as slower periods that may require you to cut back on expenses. If you have any anticipated big-ticket items you'll need to buy or plans to expand your business, include those in your forecast. Periodically check your actual cash position against your projection to see how you're doing and if you need to make any adjustments. 3. Use technology to keep on track. Plenty of software solutions can help you gain insight into your company's cash flow. They can help you build projections and get a real-time view of how your business is doing. This information can then be shared among company managers, so everyone knows how the company is doing financially and where strategies need to be put in place or altered to get you back on track. Additionally, invoicing and project management software can encourage faster, more manageable client payments and keep projects on budget. This will also improve your cash flow. What we can do: A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating and even kill your business. You know what I mean if you've ever had to beg, borrow, and steal to cover tomorrow's payroll. Having a proper cash management system allows you to: Know when, where, and how your cash needs will occur. Know what the best sources are for meeting your additional cash needs. Be prepared to meet these needs when they occur by keeping good relationships with bankers and other creditors. The starting point for avoiding a cash crisis is allowing your accountant to develop a cash flow projection for you. Your construction accountant can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. Also, well-kept historical cash flow statements help you understand where the money went. Accurate cash flow projection has several benefits and will make many procedures easier for your construction company.  Our services can provide you with: Help in obtaining an appropriate line of credit Cash collection acceleration techniques Proven effective collection policies Established effective payment policies Help in getting the maximum rate of return on your idle cash Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some Construction Company experts even say that healthy cash flow is more critical than your contracting company's ability to complete projects!  While that might seem counterintuitive, consider this: if you fail to satisfy a customer and lose that customer, you can always work harder to please the next customer. If you do not have enough cash reserves to pay your suppliers, creditors, and payroll, your Construction Company is out of business; game over! Final thoughts Many business owners find cash flow management stressful, but with a bit of information and planning, and by using the right tools and the right construction accounting consultant, you can have better insights into your company's financial situation. Those insights will help you make better decisions for your business and gain control over your Construction Company cash flow. About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

Businesses are concerned with profitability, and rightly so. If the business can't turn a profit, it can't stay in business very long! Calculating bottom line profitability is a fairly straightforward operation, but what about calculating the relative profitability of individual product lines or services? This is where things get complicated, and interesting!   Every product or service costs something to make or provide. There are fixed costs, such as machinery, tooling, and computers, as well as variable costs, like raw materials. These are fairly easy to measure and track for each product and service. But making different products or services also has additional costs, such as time (for setting up tooling and equipment to make a product, or for executing the tasks required for a service), as well as opportunity costs -- i.e. time and materials spent making this product are time and materials not spent making other products. So, how do you account for all that and determine which products and services net you the most profit?    Enter managerial accounting, which uses several processes to help you measure profitability in a variety of ways, including contribution margin and breakeven analysis. It turns out, accounting is pretty awesome!     Mark Butler, Virtual CFO https://markbutler.com https://letsdothebooks.com   You Need a Budget https://www.youneedabudget.com

Today we have the pleasure of talking with Penny Rose. Penny is a CPA and has been working as a Forensic CPA for the past 20 years. As she retires from that career on her path to financial independence she is looking forward to taking on more clients in her side business as a CPA and financial consultant for content creators. So if you're an RVer that is creating content - this episode and Penny's services are directly applicable to you. I think you will definitely enjoy and learn from what Penny has to say. Enjoy the interview!

Joshua


~~~~~~~~~~ Connect with Penny Rose:

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Facebook: https://www.facebook.com/fedFIfrugaloptionforgetumoney/ 
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Get ready for another learning today as Maggie Cheung joins us to discuss what drives her to pursue the next level of investing from limited to a general partnership in real estate. As you tune in, you'll recognize the importance of the right mindset before leaving your corporate job, the things you should know to stay grounded in a shifting market, and more about syndication. Be sure to listen in!Key Takeaways To Listen ForWhy long-term rental is the ideal investment strategy for W2 job workers?The right path to getting involved in the general partnership (GP) of multifamily syndicationsThings to look for as a limited partner (LP) in syndication and how to discover your niche in real estateTools and resources you can utilize to conduct market research and data analysisWhat makes an ATM syndication a good cash flow optionEmotions to overcome when shifting from the corporate world to entrepreneurshipResources Mentioned In This EpisodeCity-DataFree Apartment Syndication Due Diligence Checklist for Passive Investor About Maggie CheungMaggie has been investing in real estate since 2011. During that time, she has focused mostly on buy-and-hold rentals, private lending, and both passive and active investing through real estate syndications. Maggie is passionate in following and implementing a financial philosophy that grows wealth at a steady pace and over time, allowing her to be at ease and share more moments with her family and own her time. Prior to transitioning to full-time real estate, Maggie has worked in large financial firms, including Goldman Sachs and Morgan Stanley and where she specialized in risk management for the Firms' Investment Banking and Investment Management businesses which includes reviewing, assessing, and improving the Firm's underwriting and due diligence process. Maggie holds a bachelor's in Accounting with a minor in Management Information & Systems from University of Delaware, and a Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) certifications. Lana's experience ranges from managing and streamlining operations of her family-owned commercial businesses, development of her family's multifamily property, to passively and actively investing in real estate syndication. She has a background in audit, compliance, and risk management experience with large financial institutional clients and is also a CPA.Connect with MaggieWebsite: Sage Investing GroupEmail: Maggie@Sageinvestinggroup.comTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

I know, you are like, "where have you been Jess?" Chile, I have been busy focusing on my scaling brand and the Fashionpreneur Experience which is coming up in June! We are officially halfway through 2022! Wow! Every 6 months, I love to do a deep dive into my business plans within a SWOT Analysis. Have you conducted your mid-year SWOT Analysis? Do you know what a SWOT Analysis is exactly? Well, yesterday within my 90-Day Intensive Summer Cohort, we conducted our 1st Q&A Masterclass and Lecture and we focused on SWOT! Strengths Weaknesses Opportunities Threats I did things a little differently and conducted a SWOT Analysis for our Student Tish, Owner of Styled 4u Boutique! Style 4U is a Maryland Based boutique and online store! I was so happy that Tish stepped up to the challenge and allowed me to create a focus around her amazing brand! Tish's brand is family-owned and has LOTS of opportunities for streams of revenue! Tish said I gave her about 3 months of homework LOL but that is quite alright! Watch the cash flow and sales increase through the summer and holiday season! WE ARE RECESSION PROOF over here! :) I wanted to share a snippet of our class from yesterday! Click here to watch and catch the prayer over on YouTube Your Homework: - I want you to complete your SWOT! Did not launch yet? No worries! I want to see your business plan! In order for me to personally review your SWOT and mid-year business plan, you must be within the 90-Day Intensive Summer Cohort that I just reopened for this month only! Join Tish and my other intimate group of Fashionpreneurs now by registering here! I am keeping the Cohort super intimate! Click here to join the 90-Day Intensive Cohort Click here to join us at The Fashionpreneur Experience in Los Angeles! Over the next 3 months, you will receive: Over 22 developmental e-classes (have been divided into 5 Module sections). Classes include but are not limited to Accounting, Legal business setup, Business planning, Trademarks, Wholesale buying, fashion design, Shopify Website building, Shopify applications, Facebook Ads, Product Upselling, Public Relations, live events, and more! This course is NOT a game! :) Bi-weekly Live Q&A Masterclass Lectures with your Fashionpreneur Instructors! Assignments and Quizzes accompany all lessons with Virtual Student Expert Coaching Support Bonus Module: Wholesale Buying and Vendors Lists- Understanding the vendor lingo, vendor contacts, and more! OVER 100 vendors based in the USA and Overseas! Vendors include kids, menswear, women's, accessories, activewear, screen printing, and more! Detailed Wholesale Vendors list with access to 150+ suppliers within the USA and Overseas! Includes Kidswear, Men's. Women's, Accessories, Activewear, Scrubs, T-shirts, and more! Access to over 100 start-up-friendly Manufacturing Contacts and Suppliers! Includes factories that are both domestic and international! Inventory Pricing Spreadsheet and formula guide