Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Budgeting
Budgeting
Episode 103: Bookkeeping Strategies and Business with Greg Higdon
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This week I sat down with bookkeeper, Greg Higdon to discuss the importance of having a bookkeeper and what working with one can do for your business.

Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. With over 13 years of experience in education, he teaches his clients so they are empowered and armed with a clearer understanding of what their numbers mean for their business decisions. When he isn’t balancing books and helping clients you can find him roasting coffee, drinking coffee, and reading about coffee.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The importance of understanding your profit and loss statement
  • What a bookkeeper can do for you
  • The difference between gross and net income
  • How bookkeeping plays a part in your taxes
  • The tax challenges you’ll face if you don’t keep up with your books
  • Bookkeeping issues Greg tends to see when they come to him for help
  • Some of the terms on your income statement and what they mean for your business
  • The benefits of giving your business income and expenses subcategories
  • How to know how much your business should be spending in marketing, personnel, sales, etc.
  • How often you should be reviewing your profit and loss reports
  • Comparing hiring out versus doing your own books
  • What to look for when hiring a bookkeeper
  • If you want to do your books on your own, do this to make things easier on you

LINKS WE MENTIONED ON THE SHOW

GET SOCIAL WITH GREG AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 78: Discovering Your ‘Enough’ with Paul Jarvis

Episode 78: Discovering Your ‘Enough’ with Paul Jarvis

Business Planning
Business Planning
Episode 78: Discovering Your 'Enough' with Paul Jarvis
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This week I sat down with entrepreneur and author Paul Jarvis to discuss why you don’t need to grow your business.

Paul is a designer who likes writing (or vice versa) and has worked for himself since the 90s. He wrote a book called Company of One (Jan 15, 2019), published by Houghton Mifflin Harcourt.

His courses—Creative Class and Chimp Essentials—have been taken by more than 13,564 paying students. His writing has been talked about by everyone from Ashton Kutcher to Arianna Huffington. He’s worked with clients, such as Microsoft, Danielle LaPorte, Mercedes-Benz, Marie Forleo and Warner Music. His ideas and words have been featured in WIRED, Fast Company, Vice, USA Today and more. As a totally random aside, his photography has been seen on Greys Anatomy (the TV show).

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Why Paul decided to write his book Company of One
  • The importance of a company of one
  • Why growth is not the best decision for every company
  • How a company of one is based on a mindset, not a number
  • The core skillset you will need
  • The significance of setting your upper bounds
  • The danger of setting your business goals too high
  • The number one thing to consider with goal-setting
  • Why introspection (and time for it) is a must
  • Factors to consider when setting your upper bounds
  • Lifestyle creep and how it can impact your happiness
  • The best way to juggle opportunities and obligations
  • How to have a business that supports your life and not the other way around
  • What “shoulding” all over yourself can do to your mindset and success
  • The way Paul defines success in his business
  • How systems can be more of a hindrance when starting a business
  • The significance of connecting with the customer before scaling

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH PAUL AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 76: How to Start and Scale a Business with Autumn Witt Boyd

Episode 76: How to Start and Scale a Business with Autumn Witt Boyd

Business Planning
Business Planning
Episode 76: How to Start and Scale a Business with Autumn Witt Boyd
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This week I sat down with lawyer and entrepreneur, Autumn Witt Boyd to discuss how to start and scale a business.

Autumn is an experienced lawyer who helps ambitious and creative business owners reach their big goals. Together with her team at The AWB Firm, Autumn guides online and e-commerce businesses as they grow. She has special expertise in copyright and trademark issues, and her firm offers full-service legal support to creative businesses.

Autumn also hosts the Legal Road Map® podcast, which teaches business owners how to protect their rights and stay out of legal hot water. She lives in Chattanooga, TN with her husband Dave, twin boys Sam and Tyson, and daughter Vivian.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The importance of understanding your purpose when building a business
  • The reality of the first few years of entrepreneurship
  • Ways to still have an income when launching your business
  • How your network can be your best tool when starting a business
  • Different ways to market your business before you launch
  • How to leverage an assistant in your business
  • When is a good time to bring on an assistant
  • Determining when to have part time vs. full time staff
  • Dealing with the pressures of having a full time employee
  • What to do to remove some of the financial pressure when bringing on a new employee
  • Bringing on an assistant or employee needs to have a WHY behind it
  • Knowing when it’s time to get (or upgrade) your office space & how to deal with increased overhead
  • Options to consider if you can’t find affordable space
  • How to keep the vision of your business moving forward
  • The best reason to evaluate where YOU are lacking when hiring an employee
  • When you’re business takes off, how to control the growth

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH AUTUMN AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 65: 5 Business Lessons in 5 Years

Episode 65: 5 Business Lessons in 5 Years

Business Planning
Business Planning
Episode 65: 5 Business Lessons in 5 Years
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5 Business Lessons I’ve Learned in 5 Years

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m talking about the 5 business lessons I’ve learned and sharing some details (and numbers) behind our company.

  • Get Uncomfortable Fast
  • Connect with People Outside of Your Industry
  • Delegate and Learn to Let Go
  • Find Your Three Pillars
  • Find Your Blue Ocean

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Workable Wealth is celebrating a birthday!
  • Where Workable Wealth started and what it has grown into
  • Tools WW leverages to help clients along the way
  • Why WW believes in being accountability partners for its clients
  • Why you should be comfortable with being uncomfortable
  • How leveraging social media helped Mary Beth get uncomfortable
  • The importance of connecting with people outside of your industry
  • A crucial step to being successful in scaling and growing
  • The structure of and who is on the Workable Wealth team
  • Have you found your “three pillars”
  • The role mentorship has played in the growth of Workable Wealth
  • Why a mentor who challenges you is a perfect mentor
  • Workable Wealth wouldn’t be where it was today without masterminds
  • How Mary Beth’s “business bestie” helped her find time for her
  • Why your blue ocean doesn’t have to look like everyone else’s
  • A new product WW is looking to roll out in the coming months
  • In a few weeks WW will be putting a call out…
  • Where Workable Wealth is headed

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 47: When to Lead and When to Let Go with Katie Hunt

Episode 47: When to Lead and When to Let Go with Katie Hunt

Business Planning
Business Planning
Episode 47: When to Lead and When to Let Go with Katie Hunt
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This week I sat down with business strategist, Katie Hunt.

Katie Hunt is the founder of Tradeshow Bootcamp, host of the Proof to Product Podcast, a business strategist, and a mentor to creative entrepreneurs. She is a firm believer in professional development, surrounding yourself with community and pushing go even when you might not feel 100% ready.

Katie earned a dual MBA in marketing and finance from Loyola Marymount University and has spent the last 16 years coaching large corporations and entrepreneurs on marketing and business development strategies. Her strengths lie in connecting people and bringing ideas to life brainstorming, making a plan and executing. Katie has a passion for creating, a mind for business and a strong desire to help others succeed.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What it means to be a leader in your work environment, in your family environment and in your community.
  • Why, at times, it’s important to relinquish control to those who work for you.
  • How to identify when it’s time to delegate items and where to start.
  • Why acting as a task master doesn’t equate to good leadership.
  • How a trial period can ease the onboarding of team members. The importance of a trial period when starting a new job for both parties.
  • The role open communication plays across all of your relationships and how to implement it.
  • The importance of the sharing the “Why” behind tasks, requests and items delegated.
  • Understanding when to have very defined roles for your team and when to be flexible.
  • How to keep your team together for the long term.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH KATIE AND LET HER KNOW YOU HEARD ABOUT HER HERE!  

ENJOY THE SHOW?

Episode 65: 5 Business Lessons in 5 Years

Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)

Ask Mary Beth
Ask Mary Beth
Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)
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One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. On today’s episode, I welcomed back my favorite guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about how we handle and address my business (and the finances behind it) in our marriage.

We recorded this episode live from the FinCon booth at Podcast Movement, which means I actually let him sit next to me for this conversation! (Progress!!)

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How much of the numbers I share (and you should share) around your business finances with your spouse
  • How your business finances relate to and are intertwined with personal finances and goals
  • Ways to address the unease that can come with sharing business finances
  • How to structure conversations so there is no finger pointing or guilt around business success or hiccups
  • Why planning for your personal finances plays a big role in the success of your business
  • How we set income goals for the business(both individually and as a couple)
  • The dollar limit of business purchases that I share with Brian
  • How to plan in advance of business launches and investments to reduce stress
  • Why it is super important to share with your spouse when there are excess funds in the business
  • How sharing business numbers helps your spouse to better support you
  • How often we review numbers and how formal the conversation is
  • Expectations around how long it took for us to communicate effectively around our finances

 

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 38: How to Create a More Profitable Business with Natalie Eckdahl

Episode 38: How to Create a More Profitable Business with Natalie Eckdahl

Business Planning
Business Planning
Episode 38: How to Create a More Profitable Business with Natalie Eckdahl
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This week I sat down with Business Strategist, Natalie Eckdahl.

Natalie Eckdahl is a Business Strategist and High Performance Coach who helps high-achieving women entrepreneurs across industries and time zones build, grow and scale their business while avoiding overwhelm.

She’s the Founder of the BizChix Community and Podcast, and has been recognized as “One of the Top Women in Business to Listen to.” She has also been featured in Inc, Fast Company, Huffington Post and Entrepreneur.

Natalie brings a multidisciplinary perspective to her work. She draws from her MBA education, 20+ years of work experience, deep intuition, and over 200 podcast interviews with industry influencers to help her clients with customized strategy and coaching to reach 6 figure+ in PROFITS.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Why PROFIT should be the focus of your business and not revenue.
  • Unique ways to refocus and stay invested in your bottom line.
  • Why you should set goals for what your net income will specifically go towards funding.
  • Traits and characteristics of six-figure earning women.
  • Why it’s import to have a safe space to talk about real numbers.
  • What vanity metrics are and how they can prevent you from truly celebrating wins.
  • Whether or not you should go into debt to launch your business.
  • Why a business start up and operating budget are imperative to have in place before launching your business.
  • How to structure your plan to get out of debt.
  • Whether you need a network of people on the same level as you.
  • Why it’s important to build your own credit.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH NATALIE AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?