Podcasts about small business finance

Just because there's money in the bank doesn't mean your business is truly profitable. In this episode, Danielle lays out the most common (and sneaky) financial mistakes she sees entrepreneurs and small business owners making without even realizing they're doing it. From undercharging to over-relying on your gut, Danielle is not here to shame you—she's here to show you how to avoid them so you have the tools you need to build your business with confidence, clarity, and a financial plan that supports your vision.  Key Takeaways:  Your Bank Balance is Not the Full Picture: Why real profitability lives beyond what's in your checking account. Profit is not the same as cash flow, and both matter in different ways.  You Don't Have to Do It All Yourself: You're not a bookkeeper—and you don't need to be! Delegating your money tasks is one of the most empowering moves you can make. Outsourcing your books (or any task that's not your expertise) isn't giving up control, it's giving yourself the ability to make smarter business decisions.  Knowing Your Numbers Puts You In Control: Reviewing your financial statements monthly isn't just “nice”, it's necessary. It keeps you from guessing and it's how you grow with intention.  Pricing for Profit, Not Panic: Undercharging leads to burnout. You deserve to get paid what your work is worth—and then some. Create a Plan for the Slow Seasons: Feast-or-famine is not a strategy. Use data to build stability and breathe easier year-round. Think In Terms of the Long-Game: Even if you love your work now, it's never too early to plan for the future. Building a business that runs without you means real freedom. Topics Discussed: (00:49 – 01:43) Mistake #1: The Illusion of a Healthy Bank Balance (01:44 – 02:47) Mistake #2: Doing Your Own Bookkeeping and Ignoring Your Financials (02:47 – 03:16) Mistake #3: Not Looking at Your Financials on a Monthly Basis (03:24 – 04:47) Mistake #4 & 5: Not Charging Enough and Not Raising Prices Regularly (04:48 – 05:30) Mistake #6: Not Tracking Return of Investments on Expenses (05:31 – 06:22) Mistake #7: Chasing Revenue Over Profit (06:24 – 08:07) Mistake #8 & 9: Hiring a Team and Asking for Help Too Late (08:07 – 08:53) Mistake #10: Not Planning for Slow Seasons and Creating a Money Buffer (08:53 – 09:59) Mistake #11 & 12: Ignoring Financial Red Flags and Relying on Your Gut Alone (10:00 – 10:34) Mistake #13: Allowing One Client or Revenue Source to Dominate Your Business  (10:35 – 11:10) Mistake #14: Not Having Standard Operating Procedures In Order to Delegate (11:11 – 11:42) Mistake #15: Inconsistent Invoicing and Follow Up  (13:57 – 14:45) Mistake #16: Not Creating an Exit Plan and Having a Long-Term Vision for the Future   Resources:  Kickstart Accounting's CFO Services | kickstartaccountinginc.com/cfo   Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

Just because there's money in the bank doesn't mean your business is truly profitable. In this episode, Danielle lays out the most common (and sneaky) financial mistakes she sees entrepreneurs and small business owners making without even realizing they're doing it. From undercharging to over-relying on your gut, Danielle is not here to shame you—she's here to show you how to avoid them so you have the tools you need to build your business with confidence, clarity, and a financial plan that supports your vision.  Key Takeaways:  Your Bank Balance is Not the Full Picture: Why real profitability lives beyond what's in your checking account. Profit is not the same as cash flow, and both matter in different ways.  You Don't Have to Do It All Yourself: You're not a bookkeeper—and you don't need to be! Delegating your money tasks is one of the most empowering moves you can make. Outsourcing your books (or any task that's not your expertise) isn't giving up control, it's giving yourself the ability to make smarter business decisions.  Knowing Your Numbers Puts You In Control: Reviewing your financial statements monthly isn't just “nice”, it's necessary. It keeps you from guessing and it's how you grow with intention.  Pricing for Profit, Not Panic: Undercharging leads to burnout. You deserve to get paid what your work is worth—and then some. Create a Plan for the Slow Seasons: Feast-or-famine is not a strategy. Use data to build stability and breathe easier year-round. Think In Terms of the Long-Game: Even if you love your work now, it's never too early to plan for the future. Building a business that runs without you means real freedom. Topics Discussed: (00:49 – 01:43) Mistake #1: The Illusion of a Healthy Bank Balance (01:44 – 02:47) Mistake #2: Doing Your Own Bookkeeping and Ignoring Your Financials (02:47 – 03:16) Mistake #3: Not Looking at Your Financials on a Monthly Basis (03:24 – 04:47) Mistake #4 & 5: Not Charging Enough and Not Raising Prices Regularly (04:48 – 05:30) Mistake #6: Not Tracking Return of Investments on Expenses (05:31 – 06:22) Mistake #7: Chasing Revenue Over Profit (06:24 – 08:07) Mistake #8 & 9: Hiring a Team and Asking for Help Too Late (08:07 – 08:53) Mistake #10: Not Planning for Slow Seasons and Creating a Money Buffer (08:53 – 09:59) Mistake #11 & 12: Ignoring Financial Red Flags and Relying on Your Gut Alone (10:00 – 10:34) Mistake #13: Allowing One Client or Revenue Source to Dominate Your Business  (10:35 – 11:10) Mistake #14: Not Having Standard Operating Procedures In Order to Delegate (11:11 – 11:42) Mistake #15: Inconsistent Invoicing and Follow Up  (13:57 – 14:45) Mistake #16: Not Creating an Exit Plan and Having a Long-Term Vision for the Future   Resources:  Kickstart Accounting's CFO Services | kickstartaccountinginc.com/cfo   Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

I went quiet. Not because I didn't have anything to say But because I was deep in the work. Rebuilding. Reflecting. Realigning. This episode is raw, honest, and long overdue. In it, I'm sharing:

Send us a textIn this episode, Brian sits down with Jeannie Dougerty to explore the real value of working with a money coach. Jeannie brings her expertise in financial behavior, mindset, and emotional intelligence to the table, helping individuals, couples, and business owners transform their relationship with money. We also dive into her work designing retirement and caregiving readiness programs for federal employees. Whether you're curious about what a money coach does or considering hiring one for yourself, this episode provides a roadmap.Support the show

Are you chasing growth in your business but worried it might cost you your profits, sanity, or both? In this episode, Danielle Hayden, reformed corporate CFO and CEO of Kickstart Accounting, Inc., pulls back the curtain on the real strategies CFOs use to grow companies intentionally and profitably.  These are the 5 CFO secrets you can and should start using today! Key Takeaways:  Secret #1: Use Your Financial Reports as Decision-Making Tools - Your income statement, balance sheet, and cash flow statement aren't just paperwork, they're your roadmap to smart business decisions. Secret #2: Forecast for the Future, Not Just the Present - Strategic forecasting (including rolling and quarterly re-forecasts) helps you anticipate growth and plan for big investments like hiring or marketing. Secret #3: Align Spending with Your Goals - Every dollar you spend should support your vision. Focus on return-on-investment instead of random or feel-good expenses. Secret #4: Protect Your Profit - Set up multiple accounts, including a rainy-day fund, to safeguard your profit and prepare for future opportunities or challenges. Secret #5: Get Support from a Money Team - You don't have to be your own CFO. Surround yourself with financial pros who can guide you, hold you accountable, and cheer you on. Topics Discussed: Intro: The Risk of Growing on Hustle and Intuition Alone (00:00 – 02:00) CFO Secret 1: How to Use Your Financial Reports to Make Better Decisions (02:06 – 03:59) CFO Secret 2: Forecasting Strategies That Work (04:00 - 05:41) CFO Secret 3: Budgeting with Purpose - Aligning Your Spending & Goals (05:42 - 06:23) CFO Secret 4: Smart Savings Habits That Protect Profits (06:23 - 07:16) CFO Secret 5: Who You Need on Your Money Team (07:17 - 09:08)   Resources: Kickstart Accounting's CFO Services | kickstartaccountinginc.com/cfo    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

Send us a textIs Your Business Beating the Stock Market?In this episode of The Margin Method, Steve shares the three metrics every founder must know if they want to grow profitably and build a business that's both valuable and optional. Drawing from his experience as a CFO for a billion-dollar construction firm, he breaks down what he calls the "three efficiencies"—and how they reveal whether you're wasting money on sales, underperforming on labor, or sitting on a business that's barely outperforming an index fund.If you've ever wondered how to measure true performance, this one's for you. Steve walks you through the calculations, benchmarks, and tells you exactly where to look in your financials—without getting lost in jargon. You'll leave knowing which KPI deserves your attention... and why it might just be time to raise your standards.Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.Want to see if you're a fit for our KPI Kickoff? Check it out here: https://www.coltivar.com/boost Support the show

Are you chasing growth in your business but worried it might cost you your profits, sanity, or both? In this episode, Danielle Hayden, reformed corporate CFO and CEO of Kickstart Accounting, Inc., pulls back the curtain on the real strategies CFOs use to grow companies intentionally and profitably.  These are the 5 CFO secrets you can and should start using today! Key Takeaways:  Secret #1: Use Your Financial Reports as Decision-Making Tools - Your income statement, balance sheet, and cash flow statement aren't just paperwork, they're your roadmap to smart business decisions. Secret #2: Forecast for the Future, Not Just the Present - Strategic forecasting (including rolling and quarterly re-forecasts) helps you anticipate growth and plan for big investments like hiring or marketing. Secret #3: Align Spending with Your Goals - Every dollar you spend should support your vision. Focus on return-on-investment instead of random or feel-good expenses. Secret #4: Protect Your Profit - Set up multiple accounts, including a rainy-day fund, to safeguard your profit and prepare for future opportunities or challenges. Secret #5: Get Support from a Money Team - You don't have to be your own CFO. Surround yourself with financial pros who can guide you, hold you accountable, and cheer you on. Topics Discussed: Intro: The Risk of Growing on Hustle and Intuition Alone (00:00 – 02:00) CFO Secret 1: How to Use Your Financial Reports to Make Better Decisions (02:06 – 03:59) CFO Secret 2: Forecasting Strategies That Work (04:00 - 05:41) CFO Secret 3: Budgeting with Purpose - Aligning Your Spending & Goals (05:42 - 06:23) CFO Secret 4: Smart Savings Habits That Protect Profits (06:23 - 07:16) CFO Secret 5: Who You Need on Your Money Team (07:17 - 09:08)   Resources: Kickstart Accounting's CFO Services | kickstartaccountinginc.com/cfo    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

Points of Interest0:30 – 1:31 – Meet the Guest: Marcel introduces Mike as a prolific author and entrepreneur, best known for Profit First, and previews their deep dive into simplifying profitability for service businesses.2:00 – 3:36 – From Struggle to Simplification: Mike shares how his own entrepreneurial failures led him to journal his learnings, become an author, and dedicate his work to simplifying business for fellow entrepreneurs.4:00 – 4:58 – A Framework for Entrepreneurs: Mike explains the core business needs he addresses in his books—sales, profit, order, impact, and legacy—and how each book offers practical tools to tackle one of these pillars.5:06 – 6:31 – Rethinking Growth: Mike critiques the glorification of VC-funded hypergrowth, advocating instead for right-sized, owner-aligned businesses that are profitable and purpose-driven.6:38 – 11:02 – VC Realities vs. Bootstrapping: The conversation explores the downsides of venture capital—loss of control, high pressure, low founder pay—and makes the case for customer-funded, bootstrapped growth.11:18 – 12:11 – Constraints Drive Innovation: Mike explains how constraints, like taking profit first, can push businesses to become more creative and disciplined, leading to stronger, more sustainable operations.13:01 – 14:18 – Profit First in Practice: Through his investment work, Mike mandates implementation of Profit First in struggling businesses, using profit constraints to expose inefficiencies and force needed changes.16:00 – 18:23 – The Envelope System: Profit First functions like an envelope budgeting system for businesses, with multiple bank accounts directing funds to specific purposes—profit, taxes, owner's pay, and operations.21:03 – 27:59 – Customizing for Agencies: Marcel and Mike discuss how to adapt Profit First for agencies, reverse engineering spending from lifestyle goals and avoiding industry average benchmarks.31:26 – 34:57 – Smoothing Lumpy Revenue: Mike recommends “drip accounts” to normalize cash flow for businesses with irregular income, ensuring income is recognized and allocated over time.35:03 – 37:35 – Tools and Support: The episode closes with a preview of the new Profit First app and a global network of certified professionals to support business owners in applying the framework effectively.Show NotesNew Profit First AppProfit First ProfessionalsMike's new ImprintLove the PodcastLeave us a review here.

Send us a textMost founders track revenue but what about the metrics that really matter?In this episode of Strategy. Scale. Exit, Steve reveals the five financial indicators every founder must know cold to grow profitably, lead with clarity, and build a sellable business.These aren't numbers for your accountant—these are the signals that guide smart strategy, cash flow, and value creation. Whether you're scaling now or planning your exit, this episode gives you the financial blueprint to stop guessing and start building with confidence. Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.Want to see if you're a fit for our KPI Kickoff? Check it out here: https://www.coltivar.com/boost Support the show

Send us a textMaster business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/What is a good profit margin for a small business? In this episode of Boosting Your Financial IQ, Steve unpacks the truth behind profit margins—what they really mean, why they vary across industries, and how to know if your business is healthy.With practical examples, real stories, and actionable strategies, Steve helps you move beyond just chasing revenue to building a business that consistently creates profit by design. Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Want to see if you're a fit for our KPI Kickoff? Check it out here: https://www.coltivar.com/boost Support the show

Small Business Finance Association v. Hewlett

This conversation took place during our March 24 event, “Advancing Innovation and Fairness in Small Business Finance,” hosted by the Responsible Business Lending Coalition and the Aspen Institute's Business Ownership Initiative. It features a panel discussion with Cailey Locklair (Maryland Retailers Alliance), Hal Martin (Federal Reserve Bank of Cleveland), Carolina Martinez (CAMEO Network), Awesta Sarkash (Small Business Majority), and moderator Louis Caditz-Peck (Responsible Business Lending Coalition).Ten years ago, when the Responsible Business Lending Coalition was founded, the nation was experiencing dramatic changes in the small business financing landscape, stemming in part from market adjustments after the Great Recession. Ten years later, the forces driving change are accelerating. The growth in new technologies, including AI; the aftermath of the COVID pandemic; and unprecedented growth in new small businesses starting are only some of the factors shaping the market.Yet the challenge remains: how do we harness the power of technology and innovation to drive greater prosperity and inclusion for small business owners, while ensuring that financial products support small businesses rather than undermine them?During this event, we heard perspectives from lenders, investors, policymakers, small business owners, and advocates about how to build a financing market that truly works for small businesses. The event featured three moderated conversations highlighting key trends, opportunities, and challenges in the small business financing market, followed by a reception that gave attendees the opportunity to explore this issue in greater detail with fellow stakeholders.For more information, including a transcript, speaker bios, and additional resources, visit: https://www.aspeninstitute.org/events/advancing-innovation-and-fairness-in-small-business-finance/Or subscribe to our podcast to listen on the go: https://podcasters.spotify.com/pod/show/aspeneopFor more information about the Responsible Business Lending Coalition, visit: https://www.borrowersbillofrights.org/We thank our colleagues at Community Investment Management for their generous support of this event.

This conversation took place during our March 24 event, “Advancing Innovation and Fairness in Small Business Finance,” hosted by the Responsible Business Lending Coalition and the Aspen Institute's Business Ownership Initiative. It features a panel discussion with Mickey Konson (Quantum Financial), Phil Goldfeder (American Fintech Council), Luz Urrutia (Accion Opportunity Fund), and moderator Jacob Haar (Community Investment Management).Ten years ago, when the Responsible Business Lending Coalition was founded, the nation was experiencing dramatic changes in the small business financing landscape, stemming in part from market adjustments after the Great Recession. Ten years later, the forces driving change are accelerating. The growth in new technologies, including AI; the aftermath of the COVID pandemic; and unprecedented growth in new small businesses starting are only some of the factors shaping the market.Yet the challenge remains: how do we harness the power of technology and innovation to drive greater prosperity and inclusion for small business owners, while ensuring that financial products support small businesses rather than undermine them?During this event, we heard perspectives from lenders, investors, policymakers, small business owners, and advocates about how to build a financing market that truly works for small businesses. The event featured three moderated conversations highlighting key trends, opportunities, and challenges in the small business financing market, followed by a reception that gave attendees the opportunity to explore this issue in greater detail with fellow stakeholders.For more information, including a transcript, speaker bios, and additional resources, visit: https://www.aspeninstitute.org/events/advancing-innovation-and-fairness-in-small-business-finance/Or subscribe to our podcast to listen on the go: https://podcasters.spotify.com/pod/show/aspeneopFor more information about the Responsible Business Lending Coalition, visit: https://www.borrowersbillofrights.org/We thank our colleagues at Community Investment Management for their generous support of this event.

This conversation took place during our March 24 event, “Advancing Innovation and Fairness in Small Business Finance,” hosted by the Responsible Business Lending Coalition and the Aspen Institute's Business Ownership Initiative. It features opening remarks from Joyce Klein (The Aspen Institute) and Louis Caditz-Peck (Responsible Business Lending Coalition), followed by a conversation with Michael Barr (Federal Reserve Board of Governors), moderated by Klein.Ten years ago, when the Responsible Business Lending Coalition was founded, the nation was experiencing dramatic changes in the small business financing landscape, stemming in part from market adjustments after the Great Recession. Ten years later, the forces driving change are accelerating. The growth in new technologies, including AI; the aftermath of the COVID pandemic; and unprecedented growth in new small businesses starting are only some of the factors shaping the market.Yet the challenge remains: how do we harness the power of technology and innovation to drive greater prosperity and inclusion for small business owners, while ensuring that financial products support small businesses rather than undermine them?During this event, we heard perspectives from lenders, investors, policymakers, small business owners, and advocates about how to build a financing market that truly works for small businesses. The event featured three moderated conversations highlighting key trends, opportunities, and challenges in the small business financing market, followed by a reception that gave attendees the opportunity to explore this issue in greater detail with fellow stakeholders.For more information, including a transcript, speaker bios, and additional resources, visit: https://www.aspeninstitute.org/events/advancing-innovation-and-fairness-in-small-business-finance/Or subscribe to our podcast to listen on the go: https://podcasters.spotify.com/pod/show/aspeneopFor more information about the Responsible Business Lending Coalition, visit: https://www.borrowersbillofrights.org/We thank our colleagues at Community Investment Management for their generous support of this event.

It's tax season crunch time, so we are resharing a timely episode debunking the 1120-S tax return. In this episode, Brian will walk you through the S-Corporation income tax return to help you better understand what you're filing and hopefully catch mistakes before it's too late. He provides a section-by-section analysis of Form 1120-S and highlights key areas that business owners and tax professionals make mistakes. Episode Highlights Part 1: Heading, Income, Deductions, Tax and Payments Most of this information is drawn from your business's Profit and Loss Statement. Here's a breakdown of what's on the first page: Calendar year: The very top of the form asks for the calendar year. If the corporation has a calendar year-end, leave this blank. If a fiscal year or short year put in the appropriate dates. Address: Underneath the calendar year, the form asks for a name and address. Use the name set forth in the charter or other legal documents, such as your Employer Identification Number (EIN) letter. Item A: Located to the left of the address, Item A asks for your S election effective date. You should have a letter from the IRS (CP 261) with your S-Corp starting date. This date should stay the same every year. Item B: Your business activity code. This code shows the IRS exactly what you do. Item C: Item C only applies if you have assets of $10 million or more. Most of the time, Item C will not be checked. Item D: Put your EIN in Item D. Make sure to verify it's correct before you file your form. Item E: Your date of incorporation should match the articles of incorporation. This date may or may not be the same date as your S-election. Like the S-election date, the date of incorporation won't change. Item F: Total assets at the end of the year. Item G: If the corporation is electing to be an S-Corp beginning with the current filing tax year, check the appropriate box. If the S-Corp did not already file the S-Election, attach Form 2553 with the return. Item H: These boxes should be self-explanatory. Check the boxes that apply. Item I: Enter the number of shareholders in the firm (e.g. yourself and your partners). Item J: Most of the time, Item J will not be checked. If you believe that one of the Item J items applies, follow up with your tax accountant. Income: Report gross revenue your business has earned for the year and any additional income or interest income that you may have incurred. Only report trade or business income. Do not list rental income, portfolio income, or tax exempt income (those go on your Schedule K). Expenses: Report all deductions on your Profit and Loss statement. Pay special attention to the following lines: Line 7: Compensation of officers should have something on it. S-Corporations must pay shareholder/employee reasonable compensation for services rendered, and failing to put reasonable compensation could lead to an IRS audit. Also included on this line are fringe benefits, including employer contributions to health plans and group term life insurance, for shareholders/employees owning more than 2% of the corporation stock. If your S-Corp has total receipts of $500,000 or more, you'll need to attach Form 1125-E to explain what was paid to each officer. Line 8: Salary and wages paid to employees (other than officers) of the corporation. Line 17: An S-Corporation can deduct contributions made for its employees under a qualified pension, profit sharing, annuity, SEP plan, Simple plan, or any other retirement deferred compensation plan. This includes shareholders/employees owning more than 2% of the corporation stock. Line 18: Employee fringe benefits provided to officers and employees owning less than 2% go on this line, such as health insurance, disability insurance, and educational assistance. Line 19: Line 19 includes any other deductions. There should be an attached statement, and it should match your profit and loss. The numbers should be close to your Profit and Loss statement. Taxes and payments: In general, an S-Corporation does not pay taxes at the corporate level, so this section will be blank. Signature: It's important to sign the return only after verifying all of the information, including the following sections. Part 2: Schedule B This section is mostly self-explanatory questions. Make sure to read and understand each question. Below are two lines to pay special attention to: Box 1: This easy-to-miss box can change your entire return if you're not careful, since it's where you select whether you're a cash or accrual basis taxpayer. Once you choose an accounting method, you generally cannot change without approval from the IRS. Box 2: Here is where you explain what you do. Part B is an either/or question, so state whether you sell products or services. Also, if you hire contractors, say yes to question 14 -- and hopefully you got out your 1099 forms by January 31. Part 3: Schedules K and K-1 Schedule K reports the pro rata share items in total for the Corporation. Schedule K-1, which you receive in your personal name, reports the percentage of pro rata share items allocable to each shareholder.  Lines 1-17 on Schedule K correspond to Boxes 1-17 on Schedule K-1. Most items on Schedules K and K-1 are self-explanatory and come from other parts of the return. Part 4: Schedule L  This is where many taxpayers make a mistake. Schedule L matches your business' balance sheet and should agree with your books and records. If it doesn't, find out why before you file. The first two columns match what your accounts were at the beginning of the year and should match what the accounts were at the end of last year. If this is your first year filing an 1120-S return, these two columns should be blank. The second two columns are for what the accounts had on December 31 of the previous year and will carry over to next year's return. Some of the most common assets on Schedule L are: Line 1: Write the amount of cash in your bank account on the last day of the year. Line 7: Loans to shareholders are loans from the corporation to the shareholder. Keep in mind, these loans need to be documented and should have a repayment schedule and interest rate. Line 10a: Buildings and other depreciable assets are fixed assets that the business owns that have been depreciated, such as real estate, furniture, or machinery  Some of the most common liabilities on Schedule L are: Line 18: Other current liabilities are expenses incurred at the end of the year but not paid until January of the next year. Current expenses often include wages, state taxes, federal taxes, and payroll taxes payable at the end of the year.  Line 19: Loans from shareholders are loans from the shareholder to the corporation. As with the other loans, these loans should be documented and include a repayment schedule and interest rate. Line 22: The par value or stated value of the capital stock issued by the corporation. This amount stays the same each year unless the S-Corporation issues additional stock after incorporation. The corporate charter or minutes should identify the stock. Line 23: Enter the beginning and ending balances of additional paid-in capital. This includes the amount contributed to the S-Corp by shareholders for which the corporation did not issue stock or amounts contributed in excess of the stated or par value. Line 24: This section is especially tricky. You should base the retained earnings on the S-Corporation's books and records. Most of the time, retained earnings should match the Accumulated Adjustments Account (AAA), other adjustments account (OAA), and previously taxed income (PTI) balances on Schedule M-2. Line 27: This line represents the total liability and shareholders equity. This line must match line 15. If you answered “yes” to question 11 on Schedule B that your total receipts were less than $250,000 and total assets were less than $250,000, then you aren't required to file a Schedule L. However, it may be beneficial to file Schedule L anyway because it will be crucial for future balance sheets. Part 5: Schedules M-1 and M-2 Schedule M-1 helps explain discrepancies between the books and your tax return. This section should explain any differences you notice.  Some common items reported on Schedule M-2 include: Meal expenses (100% on books, 50% on taxes) Entertainment (100% on books, 0% on taxes) Life insurance premium expense (100% on books, 0% on taxes) Certain fines and penalties (100% on books, 0% on taxes) Political contributions (100% on books, 0% on taxes) Book depreciation expense (100% on books, 0% on taxes) Tax depreciation expense (%0 on books, 100% on taxes) Tax-exempt income (100% on books, %0 on taxes)  Schedule M-2 tracks the income and losses and separately states items that the shareholder should report on their tax return. Resources + Links  Bank Reconciliation 101 Lessons from the 1099-NEC deadline Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

Enjoying the Ecommerce Coffee Break Podcast? Here are a few ways to grow your business: https://ecommercecoffeebreak.com/level-up/ ---In this episode, we explore an unconventional approach to goal setting that helps entrepreneurs stay focused and achieve what matters most. Our featured guest is Nate Littlewood, Founder and Fractional CFO at Future Ready. With nearly a decade on Wall Street and experience founding a seven-figure e-commerce brand, Nate shares practical insights on financial sustainability for mission-driven e-commerce and CPG founders.  He discusses why traditional goal setting fails, the power of the OKR framework, and how to identify the critical 20% of activities that truly move the needle in your business. Topics discussed in this episode: Why goal setting fails: Entrepreneurs chase too many “shiny objects” instead of the 10-20% that matters. How OKRs help: They balance strategy and execution. Revenue vs. profit gap: Founders focus on top-line growth but miss key profit metrics. Why profit strategy matters: Prioritize improvements aligned with your strengths. Founder time value: Weigh your “salary opportunity cost.”. Fractional CFO value: Maximize ROI through smarter resource allocation. Early-stage struggle: They need financial guidance but can't afford CFOs. E-commerce founder types: Creatives, marketers, and self-aware learners. Financial blind spots: Founders often miss key metrics like COGS ratios. Work “on” the business: Regular check-ins prevent misalignment. Links & Resources Website: https://www.getfutureready.co/ LinkedIn: https://www.linkedin.com/in/nathanlittlewood/ Get access to more free resources by visiting the show notes athttps://tinyurl.com/zj8fhusy MORE RESOURCESDownload the Ecommerce Conversion Handbook for store optimization tips at https://tinyurl.com/CRO-ebook Best Apps to Grow Your eCommerce Store: https://ecommercecoffeebreak.com/best-shopify-marketing-tools-recommendations/ Become a smarter online seller in just 7 minutes Our free newsletter is your shortcut to ecommerce success. Every Tuesday and Thursday in your inbox. 100% free. Unsubscribe anytime. Sign up at https://newsletter.ecommercecoffeebreak.com Rate, Review & Follow Enjoying this episode? Help others like you by rating and reviewing my show on Apple Podcasts. Rate here: https://podcasts.apple.com/us/podcast/ecommerce-coffee-break-digital-marketing-podcast-for/id1567749422 Follow the podcast to catch all the bonus episodes I am adding. Do not miss out. Hit that follow button now!

Connect with me on: All my links Become a guest Sign up for Riverside Get Descript   #DigitalMarketing #Branding #PersonalBranding #MarketingInsights #SocialMediaStrategy

In today's episode of Small Business School I am sitting down with Emily Lauren Dick, a multi-passionate feminist entrepreneur, marketer, and author. She helps small women-owned businesses grow their online presence, wealth, and impact in the world with strategic branding and website design. Emily helps women stand out online without burning out!In our conversation, we talk about standing out online, building a cohesive brand strategy, and embracing your authenticity in business. Let's dive in!In this episode, I sit down with Emily Lauren, the creative force behind Bootstrapped Woman, to explore the power of showing up authentically in your business. From taking ownership of your timeline to embracing visibility, we unpack strategies to boost confidence, connect with your audience, and build a brand that truly reflects who you are.Topics Covered:Creating a bold brand and showing up as your true self.How copying competitors and skipping brand strategy can derail your business.The power of consistent visuals and messaging to build trust and recognition.Honest Marketing. Why transparency and integrity in your marketing build long-term relationships and trust.Why you should create your own project timelines.How embracing visibility can unlock financial success and make a bigger impact.Tips for gaining clarity and confidence as a female entrepreneur, including taking time, having fun, and learning from trial and error.The importance of being okay with visibility and allowing your business to take up space.Tune in to hear what's possible when you create powerful brands that are bold, authentic, and resonate with your audience. Connect with Emily!Emily's Links:InstagramWebsiteEmily's Free Resources (DIY website audit, brand checklist, Canva grid planner, social media templates, and more!)Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

Join Virginia Purnell as she interviews Ashley Chamberlain, a powerhouse in financial strategy and cash flow management. Ashley's mission at Chamberlain & Good Company is to help service-based businesses streamline their finances and achieve long-term sustainability.Key Takeaways:How to manage cash flow effectively—especially in seasonal businesses.Common financial mistakes business owners make (and how to fix them).Why DIY bookkeeping often leads to costly errors (and when to hire a pro).How small businesses can prepare for growth and avoid financial pitfalls.The importance of business culture and employee satisfaction in scaling successfully.Ashley also shares her personal journey of resilience and how she turned her expertise into a thriving business that helps others succeed.Key Questions(01:21) Can you tell us a bit about how you got to where you are?(04:50) Who would you say is your ideal client now?(07:18) Is it just in your geographical region or are you all over the US?(07:55) Is there a common stake, misconception, I don't know that your clients tend to have when they first start working with you?(14:32) What is a big goal that you have in the next year or two?(16:37) How would that goal, expansion, acquiring more businesses, stuff like that, how would that affect?(25:29) Do you have any tips for how you're incorporating more, let's say, immediate job satisfaction aspect into the workplace? Or have you found anything that's working? (40:25) What's the best advice that you have ever received?(42:25) What's the best advice you have ever given(45:43) We've covered a bunch of different stuff, but is there something that we haven't talked about yet that you would like to?(46:41) So where can we reach you?Ashley Chamberlainhttps://www.chamberlainandgoodcompany.comFacebook:  https://www.facebook.com/chamberlainandgoodcompany/Instagram:  https://www.instagram.com/chamberlaingoodco/Tik Tok:  https://www.tiktok.com/@thefetchfinanceproLinkedin:  https://www.linkedin.com/in/ashley-chamberlain-385029266Virginia PurnellFunnel & Visibility SpecialistDistinct Digital Marketing(833) 762-5336virginia@distinctdigitalmarketing.comwww.distinctdigitalmarketing.comwww.distinctdigitalmarketing.co

Welcome back to another Accounting Q&A episode of Small Business School, in this episode, we're diving into the ins and outs of monthly bookkeeping! Whether you're managing your own finances or considering outsourcing, this episode is packed with tips to help you streamline your bookkeeping process and keep your finances in check. Let's make sure your financial foundation is rock solid!Topics Covered:Why monthly bookkeeping is non-negotiable. Building good financial decisions starts with consistent and accurate bookkeeping.Choosing your tools. From spreadsheets to QuickBooks, we discuss the pros, cons, and costs of various bookkeeping options.Three key steps to great bookkeeping: Categorize transactions, reconcile accounts, and review your work for accuracy and insights.Keeping personal and business finances separate, catching missed expenses, and asking the CFO-level questions about your spending.Mastering monthly bookkeeping boils down to categorizing transactions, reconciling accounts, and reviewing your work to make informed financial decisions!Reach out if you have questions!Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

Send us a textIn this episode of Boosting Your Financial IQ, Steve dives deep into the three critical types of profit every business leader must understand. Gross profit, operating profit, and net profit each hold the key to uncovering your business's financial health—and mastering them can set you apart in the boardroom and beyond. Discover how to decode these metrics, avoid common mistakes, and leverage the most powerful levers to improve profitability.Ready to transform your financial know-how? Tune in and take your career—and business—to the next level. Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Register for the free Financial Fundamentals for Entrepreneurs Webinar here: https://www.coltivar.com/register-for-ffe-jan-8 Support the show

Hey Small Business School! Starting a business while relying on it for income can be incredibly challenging and might even hold you back. In this episode, I dive into the pressure that comes with needing immediate cash flow and why a slower, more intentional start might be the key to long-term success for your small business.Let's get started!Topics Covered:The “burn it all down” mentality: Why quitting your job cold turkey isn't always the best choice and how to assess if it's right for you.Understanding your financial runway to avoid running out of resources too soon, from budgeting to planning for the unexpected.Time investment vs. quick wins, why it's crucial to focus on sustainable growth rather than chasing short-term “hacks” for fast cash.Building visibility over time: how consistent networking and creating visibility can ease the pressure to earn immediately.Balancing stability and ambition: tips on leveraging a job or savings as a financial buffer while growing your business.It's not always better to dive in head first. How can you be putting a safety net in place?Tune in for a real talk about setting yourself up for sustainable business growth without the stress of immediate income needs.DM me on Instagram if you have questions!Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

Welcome back to Small Business School! Today, we're diving into why understanding financial management matters more for your business than getting caught up in the nitty-gritty of accounting. You know me—I'm all about the numbers, but I want you to know where your skills as a business owner are best spent. Let's clear up the difference between knowing your numbers and keeping your books to help you focus on what will truly make your business thrive!Topics Covered:The difference between accounting (recording data) and financial management (making informed decisions).Why your time is better invested in learning financial management rather than day-to-day bookkeeping.Key financial metrics to understand, like cash flow, profitability, and margins.How hiring a reliable bookkeeper can free you to focus on growth.Tips for pushing your bookkeeper to use efficient systems and automation to cut down costs.Understanding financial management doesn't just protect your business—it fuels growth. Reach out with any questions, I'd love to help! You should also listen to:Ep. 134 - The 3 Profit Levers EpisodeEp. 153 - ‘Finding The Right Financial Advisor'Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

In today's episode, I'm diving into understanding your cash flow and staying on top of taxes as a small business owner. Whether you're just starting out, a couple of years in, or haven't looked at your numbers in a while, this episode is all about getting clear on your taxes and financial basics that'll keep your business moving forward!Topics Covered:Why managing cash flow and setting aside taxes is essential for business growth.The tax challenges service-based businesses face versus product-based businesses.How ignoring tax payments can lead to debt that's harder to pay off over time.Creative solutions for paying off tax debt if you've fallen behind.Mindset shifts to help you tackle tax debt with grace and motivation .Tune in for practical advice on handling taxes and cash flow to avoid future headaches. Give yourself grace, it's never too late to get on top of your finances!Staci's Links:Instagram. Website.The School for Small Business Podcast is a proud member of the Female Alliance Media. To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

In this conversation, John Hannum, founder of PPS Solutions, discusses his journey in finance, the importance of CFO services for small businesses, and the intricacies of SBA loans. He explains the quality of earnings process, the differences between asset and share purchases, and shares insights on the buy-side perspective in M&A transactions. John emphasizes the significance of clean financial records for business owners preparing for sale and offers practical advice for navigating the complexities of business acquisitions.   Takeaways Small businesses often require CFO services during financial challenges. SBA loans are a popular financing option for acquisitions. Seller financing can be creatively structured in deals. Accrual accounting provides better insights for decision-making. Quality of earnings reports validate business financials before sale. Understanding deal structures is crucial for buyers and sellers. Clean financial records can lead to higher business valuations. The transfer of businesses from retiring owners is a growing trend. Buy-side representation is more common in current market conditions. Operational efficiency is key to successful business growth. Connect with Barnaby on LinkedIn: https://www.linkedin.com/in/barnabycook/ Join The Exit Plan mailing list: http://eepurl.com/iC8sIY   Learn more about PPS Solutions: http://www.ppsfinance.com/ Connect with John Hannum: john@ppsfinance.com  

Send us a textIn this episode, Steve discusses the crucial connection between strategy and finance, highlighting why financial literacy is key to business success. With 82% of business failures attributed to poor cash flow, he explains the importance of understanding financial statements—such as the income statement, balance sheet, and cash flow statement—to avoid costly mistakes. Drawing from his experience at Coltivar, he shares strategies to combine mission and money, improve cash flow, and boost profitability. Whether you're a business owner or leader, these insights will help you tackle financial challenges and unlock growth potential.Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. Support the show

Send us a Text Message.Join Inspired by Ms Amber Red from Las Vegas for this fun and interesting podcast where we break down the art of investing in yourself and your business with a sprinkle of sass! Find out why there has never been a better time to invest in yourself than NOW! If you're ready to level up your life and stack those coins, this is the podcast for you.We're diving into smart money moves, self-care that pays off, and business strategies that work as hard as you do. Rachel Santiago our go-to finance bestie makes finance fun, relatable, and totally doable. She even tells you…how much you should have invested RIGHT NOW (based on your age) in order to retire and live comfortably in retirement! Did you know there's actually a math equation for it!Tune in, get inspired, and watch your world—and wallet—grow!

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business. In this episode of Grow a Small Business, host Rob Cameron interviews Ruchi Pinniger, founder of Watch Her Prosper®, who shares her journey from Wall Street to helping women redefine prosperity. Ruchi's expertise has enabled clients to achieve multi-seven-figure revenues through a blend of financial strategy and holistic mindset coaching. Tune in to learn how her approach can transform your business and financial well-being.. To remain connected with Ruchi and advance in your Redefining Prosperity journey, please click here to download your complimentary Redefining Prosperity Workbook™. Key Takeaways for Small Business Owners: Adopt her RIR MethodTM: Use Ruchi's Recognize, Interrupt, Reframe technique to shift negative money beliefs and language into positive, empowering statements that foster an abundance mindset. Implement a Savings Strategy: Establish separate accounts for taxes and emergency funds. Allocate a percentage of your income to these accounts regularly to maintain financial stability and avoid surprises. Regularly Review Expenses: Audit your business expenses to identify and eliminate unused subscriptions and unnecessary costs. This simple practice can result in significant savings. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for? Focus on Joyful, Profitable Activities: Assess your revenue streams to identify which ones are draining your energy without providing adequate returns. Let go of unprofitable activities and focus on those that bring you joy and financial rewards. Recognize Emotional Triggers: Understand that your subconscious beliefs about money influence your financial behaviour. Address these emotional triggers to make more informed and confident financial decisions. Embrace Holistic Prosperity: Redefine prosperity to include not just financial success, but also well-being, spirituality, and healthy relationships with money and people. This comprehensive approach can lead to more meaningful and sustainable success. One action small business owners can take: One actionable step small business owners can take, as advised by Ruchi Pinniger, is to implement her RIR MethodTM (Recognize, Interrupt, Reframe) in their daily practice. This method involves recognizing negative money beliefs or language, interrupting these patterns, and reframing them into positive, gratitude-focused statements. By adopting this approach, business owners can cultivate an abundance mindset and improve their relationship with money, leading to more confident and empowered financial decision-making. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

Thrilled to have personal finance expert Sarah Megginson join me on the podcast this week to talk about money. In this episode we talk about money confidence and how to make better money decisions both in business and in life. We chat about those financial pitfalls we all encounter from pay now, pay later to falling for the ever-growing range of money scams. We're discussing practical tips and sharing actionable advice to help you incorporate and maintain healthy financial habits - from monthly money meetings to mindset and everything in between. Tune in to master your money and design a life you love! How to Start a Podcast Guide: The Complete GuideLearn how to plan, record, and launch your podcast with this illustrated guide. How to Start a Podcast Guide: The Complete GuideLearn how to plan, record, and launch your podcast with this illustrated guide.Support the Show.This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – Snappystre...

Are you aware of the sophisticated scams that could be targeting your business right now? Join me this episode as reveal the latest tactics scammers are using to compromise your financial safety, from email interception to text message frauds. I share a personal story about a conveyancing lawyer who alerted me to the rising threat of email interception scams, underlining the importance of vigilance when handling significant payments. Learn how to safeguard your business's cash flow and avoid devastating financial losses by adopting the right precautions.It's time to equip yourself with the knowledge to make smart, money-saving decisions that will keep your business protected and profitable. Let me know what you think and if you've been a victim of a scam, reach out and share your story.How to Start a Podcast Guide: The Complete GuideLearn how to plan, record, and launch your podcast with this illustrated guide.Support the Show.This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – Snappystre...

End-of-year financial year often equals chaos and overwhelm and as we approach that business milestone for another year here in Australia, we're sharing how to manage it without the headache. In this episode, Justine delivers practical and actionable advice to help you navigate EOFY without the drama and set yourself up for success in the new financial year. It's a must listen for anyone about to tackle EOFY without the headache.Support the Show.This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – Snappystre...

In this episode, Kerri Roberts, 20+ year HR Pro, is joined by Rebecca Knipp, Founder + CEO of Optimized CFO + Controller Services. They tackle the topics of business financials, the difference between budgeting or business planning, what small business owners need to know when it comes to their money, and much more. Tune in to hear: Common financial pitfalls for small businesses and how to avoid them Effective cash flow management tactics Risks of relying too heavily on external funding or debt financing Resources mentioned: Wanting to connect with Rebecca and her team at Optimized CFO + Controller Services? Visit https://www.optimizedcfo.com/ and be sure and tell them Kerri sent you. Looking for a new daily vitamin? Get GEM: go to dailygem.co and use code GEM-A-KERRIROBERTS for money off your first order. Gearing up for employee performance reviews? Grab our free five-point rating scale: https://www.saltandlightadvisors.com/five-point-rating-scale Join our weekly newsletter: HR and Operations insights for business professionals: https://www.saltandlightadvisors.com/contact Women looking to expand professionally and personally: https://www.saltandlightforwomen.com/contact Connect on IG: https://www.instagram.com/saltandlightadvisors https://www.instagram.com/saltandlightforwomen https://www.instagram.com/dontwastethechaos

If you've been scrolling socials or put the word profit into your google search, there's a pretty good chance you've seen or heard about the concept of profit first. Business owners see it as their nirvana, while for others it just adds to the business money confusion. So, what is profit first and is it right for you and your business or perhaps there's another way. In today's podcast, I'm spilling the tea on everything profit first so you can decide for yourself. Dive in and start making more money in your business.Support the Show.This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – Snappystre...

Welcome to another thrilling episode of Passive Income Pilots, where we navigate the high-flying world of passive income opportunities. Today, we're joined by Joe Fairless, a titan in real estate investment and co-founder of Ashcroft Capital. Joe is renowned for his groundbreaking "Best Ever" conference, which is exactly where our hosts first crossed paths. In this episode, Joe shares his expert insights on how strategic networking can transform real estate investments into massive wealth. Buckle up as we dive into a conversation that's all about elevating your investment game through powerful connections.Timestamped Show Notes:(00:00:20) Introduction and overview of the episode.(00:04:10) Introduction of Joe Fairless and his background in real estate.(00:05:40) Importance of networking in building wealth through real estate connections.(00:10:20) Strategies for identifying lucrative real estate opportunities.(00:15:30) Value-add strategies and examples of successful projects.(00:20:20) Discussion on managing risks and ensuring consistent returns in real estate.(00:25:20) Advice for aspiring real estate investors and the importance of education.(00:30:10) Insights into future trends and emerging opportunities in real estate.(00:35:20) Q&A session with Joe addressing audience questions.(00:40:20) Recap of key takeaways and final thoughts from Joe.The Best Ever ShowBest Ever Conference Ashcroft CapitalRyan's 40th Party PictureRemember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

Step into my office every Monday and you'll find me working on the business money.  I call it Money Money! It's a non-negotiable date with my profit and loss statement and all the numbers that go into running my business and has become a weekly ritual which makes me more money! In today's episode, I'm sharing exactly what I do on Money Monday so you can do the same in your business.  I'll show you how a single, dedicated hour once each week can help transform your business's financial health – no more guesswork, just strategic mastery over your money matters. From dissecting business reports to the art of  invoice management, managing expenses and cash flow to chasing up those payments and saving for those inevitable taxes. It's all about the numbers and how to make more profit and I'm here to be your numbers guide. So tune in, take notes, and get ready to take control – your business's financial future starts now.Support the Show.This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

From the bustling streets of Sydney to the tranquil expanses of rural Australia, Annabelle Hickson's journey has been nothing short of extraordinary. She's a journalist-turned-entrepreneur whose story is bound to ignite your wanderlust and perhaps even coax you to dream a little bigger. In today's podcast, Annabelle shares the vibrant tapestry of life beyond the city limits, inviting us to explore her world through the pages of Galah magazine and her new book, both which celebrate the spirit of regional communities. Her insights offer a refreshing perspective of life and business in the bush, revealing a life filled with creativity, resilience, and unexpected joys rather than hardship.Embarking on an entrepreneurial venture can be tough no matter where you start, yet as Annabelle candidly discusses the real-life hurdles, from cash flow crunches to the silent echo of solitude, she also highlights the fortitude required to thrive. This episode isn't just a masterclass in brand-building from the ground up; it's a testament to defining success on your own terms. Annabelle's story is a beacon for those courageous enough to carve out a path where passion and sustainability intersect, and her words stand as proof of the rich rewards waiting for those who venture into the heart of Australia's regional communities.Support the showThis episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

Ever felt like the financial headwinds are just too strong for your small business to make headway? I'm Justine McLean, and I'm here to share 30 strategies that will help you navigate this season of business. From cloud accounting and AI, optimising your processes to getting better deals, this episode will give you suggestions and tools to save money, boost efficiency and profitability. Cutting costs doesn't have to mean cutting quality, so let's talk about outsourcing,  partnering with other businesses and improving your existing offers so you can save without cutting corners.Tune in for a masterclass in creating a leaner, meaner business without losing the heart that makes it special or your sanity in the process.Support the showThis episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

Ever struggled with setting your prices or felt uncertain about the financial future of your business? You're not alone! But the reality is that your money mindset, money story and those limiting beliefs walking around with you could be to blame. So, in today's podcast Justine explores the often-unspoken tales we tell ourselves about money, and how reshaping those stories can revolutionise both our self-perception and business practices.We're diving into the heart of those financial narratives you might be telling yourself, the power dynamic between fixed and growth mindsets, and how adopting a positive money approach through education and strategic influence can not only avert disaster but also attract prosperity and opportunity.Finally, Justine tackles how mindset can influence your pricing decisions  and why it's time to say farewell to hourly rates and embrace value-based pricing. It's all about value and has nothing to do with worth!Let's take your money mindset from a source of stress to a pillar of strength as Justine equips you with the confidence to charge your value, stop trading hours for dollar and shift towards a business model that rewards outcomes over output. So if you're ready to step into a future where your financial acumen is a testament to your business's success, this is the conversation you won't want to miss.Support the showThis episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

How's business?If your business could do with a bit of a boost, then this episode will let you in on a secret that will help you increase your profits. And, it's probably not what you think! With the cost of living on the rise and new clients harder to come by than ever before, we're sharing a simple, inexpensive and fool-proof way to help your business thrive. This episode is full of of actionable tactics, stories and strategies that will rekindle your business spark and help you make more money in the process. Join us, transform your client retention game and turn your business into a profit-generating powerhouse.Support the showThis episode is brought to you by Flossi Creative and Business Money Magnet, join NOW!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

Financial information comes at you from many directions and in many flavors in today's economy. What are the indicators and trends that speak best to the day-to-day realities of business and personal life in Watauga County? What trends should we pay attention to as it relates to the next big shift? Simply asked, "What's Going On with the Economy?"On this week's Mind Your Business, we present our quarterly check-in with Jonathan Allen of Allen Wealth Management. We talk taxes, interest rates, inflation, and we even work in some discussion about the value of cold, hard cash in today's economic landscape. We'll asl discuss indicators, and what we should be paying attention to here in Northwest North Carolina as it relates to our individual financial picture.Mind Your Business is produced weekly by the Boone Area Chamber of Commerce and made possible through the sponsorship support of Appalachian Commercial Real Estate.Support the show

The idea of financial success has changed over the years and if you've been listening for a while, you'll know that for me, that success destination should be as unique as you are. But, if there's been a hiccup on your journey, particularly with the finances, it's often hard to get the motivation to continue. So, in this episode, no matter where you are on the path to financial success, I'm sharing the 10 top tips that will help you reach your destination fast. It starts with understanding your money story and mindset and ends, with YOU! So, all aboard the financial success train, it's heading towards a financial fresh start NOW!Support the showThis episode is brought to you by Flossi Creative and Business Money Magnet, join NOW!Want 30 Ways to Save Money in your Business? Download the guide here.Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.Join the conversation Connect with Justine:InstagramFacebookLinkedInWebsiteDiscover the Secrets of Successful Business Facebook page Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness Host: Justine McLean – Flossi CreativeProducer: Leah Stanistreet – ...

Unlock the secrets of small business finance with our special guest, Colin Sanburg from FinElevate, as we delve into his incredible journey from a family business in distress to a fortress of financial expertise. Through candid conversations, Colin illuminates the importance of fiscal intelligence, a facet often veiled by the allure of entrepreneurship. With an MBA-centric approach, he seamlessly blends the essentials of bookkeeping with strategic oversight, arming small businesses with the tools to navigate the tumultuous seas of finance.Embark on a voyage across the entrepreneurial landscape, from the rebirth of a waning establishment to the rise of a kitchen cabinet empire and an innovative airport conveyor system manufacturer in Dallas-Fort Worth. Discover how FinElevate's mission to fortify the financial backbone of startups inspired the creation of a holding company dedicated to overcoming the universal hurdles of small business ownership. Hear how authentic entrepreneurial friendships and masterminds can transform your approach to business, and how a balanced integration of work and family life can be achieved through flexibility and prioritization.This episode culminates with a treasure trove of knowledge, offering insights into understanding and enhancing your business finances. We share practical tips on pricing strategies that emphasize the value of your expertise, ensuring profitability while catering to a mission-driven clientele. Our conversation also touches on the power of continuous learning and relationship-building for sustained success. For those ignited by the sparks of entrepreneurship and financial acumen, the details of Colin's enterprise and opportunities for collaboration can be found in our show notes, paving the way for your next venture. Join us next time for more wisdom from the front lines of business triumph.Your Brand Amplified is proudly sponsored by Simplified. This AI-driven platform is a game-changer for design and video content. With Simplified, effortlessly transform lengthy videos into engaging, shareable clips, and streamline your workflow with an intuitive subtitle generator. For designers, explore the AI-powered image generator, create compelling presentations, and design eye-catching YouTube thumbnails with ease. We're happy you're here! Like the pod? Visit our website Schedule a consult! Follow us on all socials at @amplifywithanika and @yourbrandamplified Leave a review on Apple Podcasts Join me on PodMatch to start your own journey as a podcast guest!

I am always so excited to meet someone I already know and admire through Instagram and that's just what happened with Danielle, the Founder & CEO of Lefty's Right Mind: a full-service bespoke creative studio brings a client's vision to life through creative direction, on-site activations and branded product. Through craftsmanship and customization, Lefty's Right Mind fosters human connection while building brand loyalty and awareness. Today's episode will include the term Bootstrap - which is the financing of a business through one's own funds, through the use of revenue, and individual sources of capital sourced by the business owner (think small personal loans, lines of credit, and all around scrappiness).Followed by her left hand and a steadfast love for creative problem solving, designer Danielle Becker paints within the lines but dreams without boundaries. A self-proclaimed design nerd, with roots in graphic design and art direction, curiosity and discipline drive her artistry.We also talk about:Finance Definition: What is Bootstrapping and how can you bootstrap your business?Building a creative business focused on artists and elevating products and experiences through customization and fully bespoke events and collaborations.How to anticipate your cash flow when the nature of your business which relies on projects, collaborations, partnerships - all of which can be hard to predict.Core values and principles when building a team.Advice for women who are interested in small business and entrepreneurship.Resources:Website: Lefty's Right MindInstagram: @leftysrightmindThe Small Business PlannerSimple Finance Resources for Small Business Owners:Watch the Free Class, “How to Manage Cash Flow with Ease so you can Focus on Consistent Monthly Growth” Click here to save your seat!Catherine's Small Business Finance 101 Starter Course and learn how to plan 12 Months of Sales Goals and Expenses in One Hour! Click here to access the template and training!Ready to get serious? Join The Consistent Cash Flow Method for Small Business Owners Course & Community Reserve your copy of The Small Business Planner!

You can have a CFO without hiring a full-time CFO. In this episode, host Michelle Thames is joined by Danielle Hendon of 4 Corners CFO. They talk about the need small businesses have for a chief finance officer but how business owners can't always afford one and don't always need one full-time. Danielle shares how business owners can take an assessment of the financial health of their business and the action steps they can take to shift their businesses appropriately. Danielle Hendon is the founder and owner of 4 Corners CFO, a firm offering financial advisory services to small business owners on a scale that fits their company and budget. Coupling her decade of experience in corporate finance and accounting with her passion for small business owners, Danielle brings the benefit of “big business” financial analysis to entrepreneurs. Now, instead of helping corporations increase share price, Danielle gets to help business owners increase their personal livelihoods so they can leave a legacy and lasting impact on their community.WATCH INTERVIEW ON YOUTUBE: https://youtu.be/sZPVK6cmhFY——Visit the 4 Corners CFO websiteBook a 30-minute consultConnect with Danielle on LinkedInFind 4 Corners CFO on FacebookCreate your own podcastBook a growth and marketing clarity call with MichelleStart your own Stan StoreVisit My Stan StoreFollow Michelle on InstagramJoin The Marketing Minute - We send weekly marketing and online business tips you can use!Leave a review for Social Media Decoded Support the show

Are you avoiding your business finance because you dont know where to start? Or, because the entire topic makes your skin crawl? Are you waiting for the other shoe to drop?If you've ever asked yourself questions like, “Can I afford to pay all the bills? Why am I always the last person who gets paid? Am I saving enough for taxes? How do I start to feel more proactive in my business?” There's a huge block about money and shame and fear and it's all tied up in worth. Whether we're worthy enough to pay ourselves first. Whether we deserve a salary. How to navigate making sure we're paying our team, our contractors, the people that we work with and that make our businesses thrive.Today's episode was really inspired by the fact that pretty much every conversation I have with small business owners in my business starts the same way. They lean forward. We're usually on Zoom. They lean forward, look me dead in the eyes through the camera, and say, "Catherine, don't judge me."In today's solo episode, I'll be focusing on all of this as well as specific practical takeaways for small business owners and aspiring entrepreneurs. We also talk about:How to tap into powerful motivation to tackle the numbers in your businessThe ten most common questions I am asked by my clients Limiting beliefs that small business owners share and practical mindset shifts to push past this and drive toward what's next in your businessHow to get ahead of potential cash flow challenges in your businessResources:Click HERE to access the FREE Guide: How To Pay Yourself a Consistent Salary as a Small Business Owner Instagram: @cashflow.for.creativesWebsite: cashflow-method.comInstagram: @catherinepdvSimple Finance Resources for Small Business Owners:Watch the Free Class, “How to Manage Cash Flow with Ease so You Can Focus on Consistent Monthly Growth” Click here to save your seat!Catherine's Small Business Finance 101 Starter Course and Learn How to Plan 12 Months of Sales Goals and Expenses in One Hour! Click here to access the template and training!Ready to get serious? Join The Consistent Cash Flow Method for Small Business Owners Course & Community.Other questions, or just want to say hi? Email me at catherine@cashflowforcreatives.com

If you're a small business owner that is confused about how to get money out of your small business, you're not alone!  I hear all too often that many new business owners don't know how to pay themselves out of their business.  This is the episode for you if you're one of these entrepreneurs that need some help knowing the best way to get money out of the business and how much you can take!  Enjoy! Tiffany   Episodes mentioned in the podcast:

Just when you thought you knew everything about optimizing your business finances, Nicole Morong's story takes an unexpected turn. Discover how her unique approach to financial planning has helped small business owners thrive.  Meet Nicole Morong, a certified financial planner with over twelve years of experience in helping individuals and small businesses reach their financial goals. As the founder of Peterkin Financial, Nicole has dedicated her career to empowering her clients to make smart financial decisions that support their lifestyle and dreams. Realizing the unique struggles that small business owners often face, she has shifted her focus to offer a group program specifically designed for service-based entrepreneurs, giving them the tools and guidance they need to optimize their business finances and achieve their ideal life. With her friendly approach and deep understanding of both personal and business finance, Nicole Morong is the perfect expert to help small business owners take control of their financial future. In this episode, you will be able to: Distinguish between personal and business finances for improved financial management. Implement personal spending goals to strategically reduce business expenses. Enhance take-home pay by optimizing your business finances. Utilize tax-deductible expenses to maximize your financial savings. Save thousands by planning for future financial goals and staying proactive.   Connect with Quotable: I would love to hear how this helped you! Comment on this episode's Instagram post and share what ways you plan to find $10k in your business. If you have any other tips or ideas leave a comment under the post for this episode on our Instagram page @quotablemediaco or shoot me a DM. You can also connect with us at our Quotable Magazine Instagram account @quotablemagazine For any show ideas, to submit a guest to the podcast, or if you have any questions, please visit https://quotablemediaco.com/podcast. Connect with Nicole: Book a Discovery Call! Website: peterkinfinancial.com Instagram: @peterkinfinancial This episode is sponsored by Big Picture Copywriting. Head to bigpicturecopywriting.com to get your website, email, sales, and launch copy written for you.

Are you confused about your business finances and struggling to understand what they mean? Do you want to understand the financial basics of your business so you know how to make better business decisions? Do you secretly wish your accountant would simplify your business finances so you can understand what your financials mean? If so, this is the episode for you!   Today I provide a financial foundation for small business owners that is a must listen if you own a business! Enjoy! Tiffany   Next Steps:

David Webb with Michael Mehlberg shares 4 ways to optimize your small business finance processes Episode 956: 4 Ways to Optimize Your Small Business Finance Processes by David Webb Michael Mehlberg is an entrepreneur and certified agile project manager who specializes in productivity and organization systems. His blog has been called "The Owners Manual to an Awesome Life" and helps high-achieving entrepreneurs master their life and business - crushing their goals, living their passion, and finding purpose, balance, and excellence in all they do. The original posts are located here: https://michaelmehlberg.com/blog/2018/3/13/4-ways-to-optimize-your-small-business-finance-processes-in-2018  Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you know your numbers? Do you know what numbers to look at? If you do not then this special edition man cave podcast version of the Thrivetime Show is for you.