Afleveringen
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In today's episode, we're diving into a topic that may make you a tad uncomfortable but hold the key to your business's financial health – separating your business and personal finances. Despite warnings you've heard, I know it's tempting to treat your business account as an emergency wallet. Yet today, I'll unpack why blending cash from both worlds can do more harm than good – from muddled tax reporting to the dreaded scenario of an audit search party knocking on every account you own. By the end of this episode, we'll have outlined a simple habit shift that could shield you against massive headaches or legal duels down the line. Plus, we'll explore how a little one-on-one time with a fractional CFO can elevate your business beyond those revenue ceilings you're knocking your head against.
What you'll hear in this episode:
06:13 Benefits of separating personal and business funds, LLC protection.
09:38 Be aware of commingling business and personal expenses.
If you like this episode, check out:
The Power of Diverse Mastermind Groups for Comprehensive Growth
How to Break Free from the Corporate 9 to 5
3 Reasons to Separate Your Business Money from Personal
Want to learn more so you can earn more?
CFO Power Session: https://www.keepwhatyouearn.com/power-session-inquiry
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today’s episode is all about a fundamental business practice: separating your personal finances from your business accounts. We'll be exploring three powerful reasons why keeping these entities apart is absolutely crucial, touching on better tax organization, avoiding IRS audit complications, and protecting yourself legally by not piercing your LLC's protective veil. So, if you want your business to thrive and your financial future to be secure, this is the advice you've been waiting for. Let's jump right into transforming your financial strategies and truly keep what you earn.
What you'll hear in this episode:
05:05 Maintain trust with IRS agents during audits.
09:45 Respect boundaries of business and personal finances.
11:29 Make separating business and personal transactions easier.
If you like this episode, check out:
Stop Trying to Scale Everything
The Steps to Selling a Business
How to Set a Pattern of Success for 2024
Want to learn more so you can earn more?
Download the Money Pro Matchmaker tool here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Zijn er afleveringen die ontbreken?
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In this episode of Keep What You Earn, Shannon addresses a common question from a member of CFO on Demand: Should extra cash be used to pay off a small loan with 1% interest or placed in a high-yield savings account generating 3.5% interest? Shannon's insightful response delves into the logical and financial considerations behind this decision, challenging the traditional notion of debt as inherently negative. Her practical advice encourages entrepreneurs to carefully evaluate where their money can work most effectively for them, emphasizing the importance of making informed financial decisions. If you've ever grappled with similar dilemmas about optimizing your cash flow, this episode is not to be missed. Tune in to discover how to leverage your financial resources for maximum benefit and join in on the conversation with Shannon in the CFO on Demand community.
What you'll hear in this episode:
04:40 Be thoughtful about financial decisions for success.
If you like this episode, check out:
Best Practices to Collect Cash from Customers Faster
How to Generate Cash Without Increasing Price
Want to learn more so you can earn more?
CFO On Demand click here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In today’s episode, we have Adam Lean joining us from the CFO Project, a pro at steering businesses toward peak cash flow and profit. Adam reveals the six pivotal drivers of cash flow and why mastering them is crucial for your company's health.
Say goodbye to just 'owning a job' and hello to a thriving, profitable enterprise. We'll explore Adam's expertise in elevating businesses beyond the day-to-day, giving you the tools and insights needed to really keep what you earn.
Adam Lean is a former accountant turned 2-time entrepreneur who built, scaled, and sold two businesses. While helping other business owners, he realized his passion was teaching and providing tools to business owners to help them make more money and have a peace-of-mind. He currently runs The CFO Project - a training company that trains financial professionals on how to offer CFO and advisory services
The CFO Project
Facebook: https://www.facebook.com/thecfoproject
LinkedIn: https://www.linkedin.com/company/thecfoproject/
Website: https://thecfoproject.com/
What you'll hear in this episode:
06:20 CFO services, business transformation program.
08:42 Positive cash flow essential for business survival.
10:54 Profit ≠ Cash Flow: Making revenue ≠ having money.
17:09 Accelerate customer collections, extend credit wisely, manage debt.
19:59 Debt can be good if used wisely.
22:10 Accountants and bookkeepers guide clients with financial strategy.
26:22 Focus on fewer things for faster results.
29:35 Focus on right things, turning data into decisions.
32:46 Train accountants to communicate effectively with businesses.
If you like this episode, check out:
Best Practices to Collect Cash from Customers Faster
How to Generate Cash Without Increasing Price
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today, we're diving deep into why waiting for a crisis to solve business problems is all too common, and how proactive, preventative measures can save you from financial pain later on. We’ll discuss the importance of good financial practices from the get-go, the analogy of business vitamins versus surgery, and when it might be time to seek professional help to get back on track. Get ready to confront whether it's time to operate or to supplement as we embark on this episode, which promises to nourish your entrepreneurial spirit and get your business health in peak condition.
What you'll hear in this episode:
06:35 Improve efficiency, delegate, respect professional help.
07:41 DIY mistakes may cost more to fix.
11:17 Seek help and embrace preventive measures. Trust.
If you like this episode, check out:
The Power of Diverse Mastermind Groups for Comprehensive Growth
How to Break Free from the Corporate 9 to 5
Best Ways to Negotiate Business Deals
Want to learn more so you can earn more?
Get $50 off your HR audit with People Principles by using code SHANNON50 here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In today’s episode, we decode the balance sheet's mysteries and show you how this tool can guide your business decisions. You'll learn to check solvency, properly understand your assets, and ensure you're not just filling holes with bank loans. By the end, you'll have the confidence to use this info to your advantage.
What you'll hear in this episode:
03:09 Balance sheet reveals financial health in snapshot.
08:25 Pay attention to credit card, loan balances, inventory, receivables.
09:42 Are we financially healthy or relying on loans?
If you like this episode, check out:
What to Track in Your Books
What is CFO On Demand?
Taking Money Out of Your Business
Want to learn more so you can earn more?
Join Gusto today and get a $100 Visa Gift Card
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode, Shannon breaks down the common challenges that entrepreneurs face when seeking financial help as their businesses grow. She addresses the issues of financial support being seen as a luxury, the high cost of hiring financial professionals, and the lack of engagement in community forums due to the shame around asking money-related questions. Shannon introduces "CFO on Demand," a membership program designed to provide accessible and personalized financial support to business owners. The program offers direct messaging with Shannon for financial guidance, monthly group training, and optional one-on-one sessions for more in-depth assistance. Shannon emphasizes the affordability and value of the program, highlighting its potential to help businesses grow to a million dollars in revenue and beyond. Tune in to learn more about this innovative solution for entrepreneurs seeking practical financial support.
What you'll hear in this episode:
03:49 Overcoming shame in asking money-related questions.
08:09 One-on-one financial advice and coaching available.
09:34 Support for building businesses to million-dollar revenue.
If you like this episode, check out:
What to Track in Your Books
Taking Money Out of Your Business
How Publishing a Book Affects Your Taxes
Want to learn more so you can earn more?
CFO On Demand click here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today, Shannon delves into the topic of business boredom. She addresses the common struggle of feeling bored with a successful business and offers insight into why this feeling may arise. Shannon encourages business owners to consider the true purpose of their business and explores the idea that the way to make the most money may not always be the most exciting. With personal anecdotes and practical advice, she challenges the notion that boredom should lead to abandoning a business, and instead emphasizes the value of mindful decision-making for the future of one's business. Tune in for an engaging discussion on navigating business boredom and making conscious choices for long-term success.
What you'll hear in this episode:
05:08 Caution against distraction and serial entrepreneurship cycle.
08:19 Separating work and passion to avoid pressure.
09:29 Consider business choices based on long-term potential.
If you like this episode, check out:
Compensation Plans - Commission or Flat Rate?
Is Hiring Your Family the Right Thing to Do?
How My Dad's Advice Shaped My Career and Business Success
Want to learn more so you can earn more?
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today we have the honor of chatting with Jeremy Race, president and CEO of Junior Achievement of Southwest New England. Together, we'll delve into the vital role childhood financial education plays in shaping future generations.
Jeremy will share his passion for providing young students with the financial knowledge they need to succeed through Junior Achievement's engaging programs like Biztown and Finance Park. You'll hear about the organization's global impact, their exciting plans for a new financial literacy center, and touching success stories of students who've thrived thanks to JA's curriculum.
If you're inspired to take action, stay tuned as we discuss how easy it is to get involved with Junior Achievement, whether through volunteering your time or supporting their mission. Get ready for an episode that promises to be as enlightening as it is empowering.
Jeremy D. Race is President and CEO of Junior Achievement of Southwest New England, Inc. (JASWNE). He is responsible for the organization's sustainability, strategic direction, board development, and overall program effectiveness.
Jeremy joined JASWNE in 2002 as an Education Manager, and became President and CEO in 2016.
LinkedIn: https://www.linkedin.com/in/jeremy-race-86b4287/
Website: www.jaconn.org
JA BizTown: https://www.youtube.com/watch?v=eEDjKdai96AWhat you'll hear in this episode:
06:05 Helping young people achieve success through education.
09:00 Launching JA facility in downtown Hartford for kids.
12:39 Junior achievement nominated for Nobel Peace Prize.
16:04 Early exposure to financial concepts mitigates fear.
18:27 People believe, support our mission and trust.
20:21 Biztown program offers extended classroom and field trip.
23:35 Introducing kids to financial concepts makes them confident.
29:31 Prioritizing impactful conversations and meaningful student impact.
30:24 Get involved with local chapters for impact.
If you like this episode, check out:
Blue Oceans are All Around Us
Never Let Your Scarcity Show
Stop Shrinking Yourself in the Name of Saving
Want to learn more so you can earn more?
Download the Money Pro Matchmaker tool here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of Keep What You Earn, Shannon delves into the topic of how to read your tax return. She emphasizes the importance of understanding and taking responsibility for your tax return before signing off on it. Shannon breaks down the key components of the tax return, simplifying the process and empowering listeners with the knowledge they need to comprehend their financial story. By guiding listeners through the two-page tax return and encouraging them to ask questions if something doesn't make sense, Shannon aims to demystify the often daunting world of taxes. Whether you're about to file, have already filed, or are simply curious, this episode is designed to help you make sense of the core pieces that really matter. Tune in to gain a deeper understanding of how to read and interpret your tax return, and take the first step towards financial empowerment.
What you'll hear in this episode:
05:47 Calculate income, deductions, and taxable income.
06:42 Taxable income determines tax bracket and rate.
10:52 Clear, patient finance guidance for non-experts.
If you like this episode, check out:
How to Play in the Gray When it Comes to Your Taxes
Minimizing Tax Season Anxiety with Three Simple Steps
Determining the Appropriate Salary for an S Corp Owner
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode, Shannon discusses what to do if you're behind on doing your taxes. As the tax deadline approaches, Shannon provides a detailed blueprint for handling the situation, covering various scenarios and offering valuable advice for business owners. She emphasizes the importance of taking ownership of the communication with your accountant, filing the necessary extensions, and paying any taxes owed. Additionally, she encourages showing gratitude and empathy towards tax professionals who are working diligently during this busy season. Tune in to gain insight on navigating the process of getting your taxes filed and learn how to approach reading your tax return in an upcoming episode.
What you'll hear in this episode:
05:27 Ensure clear communication with the accountant for tax filing.
07:42 Be grateful and consider accountants' busy schedules.
10:48 Tax deadline on Monday. Stay tuned for assistance.
If you like this episode, check out:
Are Quarterly Taxes Necessary For You?
Tax Implications of Digital Product Sales
How to Play in the Gray When it Comes to Your Taxes
Want to learn more so you can earn more?
Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode, Shannon discusses the mindset shift from valuing productivity to prioritizing profitability in entrepreneurship. She shares personal experiences and insights on how to focus on tasks that generate real results and revenue for your business. Shannon emphasizes the importance of understanding your profit drivers and making strategic decisions to allocate your time effectively. If you've ever found yourself getting caught up in busyness without seeing financial returns, this episode is a must-listen. Stay tuned to gain valuable insights on how to shift your focus from productivity to profitability in your business.
What you'll hear in this episode:
05:22 Focus on profitable activities to grow business.
07:16 Prioritize tasks, outsource, focus on profitability.
If you like this episode, check out:
Building a Business with Exit Strategy in Mind
The Best Places to Look to Find Cost Savings
Supercharge Your Income Goals for Real Results
Want to learn more so you can earn more?
CFO On Demand click here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of Keep What You Earn, Shannon continues her conversation with Tori Kruse, a personal stylist and founder of a mindset and confidence coaching company. Tori shares her journey from competing in Miss USA to founding her company, emphasizing the importance of internal discovery and personal development. Together, they discuss the power of energy and how a wardrobe can serve as a conversation starter and a reflection of one's brand. Tori also shares insights on relationship building and the unexpected opportunities that come from getting attention. Stay tuned to learn more about Tori's book and how to connect with her. This episode is packed with valuable insights for entrepreneurs looking to build an aesthetic-driven brand.
Tori is an entrepreneur, author, podcast host, and a highly sought-after speaker. As the Founder and CEO of Tori Kruse Enterprises, she is dedicated to partnering with female speakers and leaders, to align their internal power with their external image.
Tori firmly believes that an individual’s presence mirrors their true essence – personality, aspirations, and inner beliefs. With an abundant mindset to her core, Tori empowers women to embrace their unique confidence. From speakers and authors to executives and podcast hosts, Tori guides a diverse range of individuals and businesses toward elevated personal and professional images.
Tori’s been featured on ABC, CBS, FOX, NBC, E!, INSIDER, and Cosmopolitan Magazine.
Website: www.torikruse.com
Instagram: @officialtorikruse
YouTube: www.youtube.com/torikruseWhat you'll hear in this episode:
09:00 Being a brand ambassador brings unexpected clients.
11:25 Love for relationships and conversation starters.
14:59 Create wardrobe that reflects and starts conversations.
17:54 Clothes won't define you; energy and connection will.
If you like this episode, check out:
Blue Oceans are All Around Us
Never Let Your Scarcity Show
Stop Shrinking Yourself in the Name of Saving
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today, Shannon interviews Tori Kruse, founder and CEO of Tori Kruse Enterprises. Tori shares her expertise in helping female speakers and leaders align their internal power with their external image. They discuss the importance of confidence in wardrobe choices and how it can impact one's performance on stage. Tune in as they unpack the deeper meaning behind styling and how it goes beyond just the visual aspect. Stay tuned for insights into Tori's background, how she built her business, and her experiences in pageantry. If you're ready to elevate your presence and embrace your unique confidence, this episode is for you.
Tori is an entrepreneur, author, podcast host, and a highly sought-after speaker. As the Founder and CEO of Tori Kruse Enterprises, she is dedicated to partnering with female speakers and leaders, to align their internal power with their external image.
Tori firmly believes that an individual’s presence mirrors their true essence – personality, aspirations, and inner beliefs. With an abundant mindset to her core, Tori empowers women to embrace their unique confidence. From speakers and authors to executives and podcast hosts, Tori guides a diverse range of individuals and businesses toward elevated personal and professional images.
Tori’s been featured on ABC, CBS, FOX, NBC, E!, INSIDER, and Cosmopolitan Magazine.
Website: www.torikruse.com
Instagram: @officialtorikruse
YouTube: www.youtube.com/torikruseWhat you'll hear in this episode:
05:27 Assisting women with confidence and event styling.
08:15 Seek confidence by dressing aligned with your brand.
10:23 Help individuals define vision and boost confidence.
16:35 Nervous about doing it, didn't want attention.
18:34 Facing fear, embracing self-confidence, ignoring judgment.
20:58 Supporting introverts in sharing their gifts and purpose.
If you like this episode, check out:
Blue Oceans are All Around Us
Never Let Your Scarcity Show
Stop Shrinking Yourself in the Name of Saving
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of Keep What You Earn, Shannon discusses the common dilemma faced by business owners of not knowing who to ask for important business and financial advice. She addresses the challenges of finding the right professionals to answer questions about setting up a business bank account, forming an LLC, and handling personal finances. Shannon provides insights on when to consult a lawyer, accountant, or financial advisor, emphasizing the importance of understanding the scope of services provided by each professional. She also hints at future guest appearances by experts to provide additional guidance. If you're navigating the complexities of entrepreneurship and finance, this episode is packed with valuable advice to help you make informed decisions.
What you'll hear in this episode:
06:35 Consult lawyer and tax advisor on restructuring.
08:49 Identify your accountant's role and seek specialists.
10:49 Consult money coach for personal budgeting advice.
If you like this episode, check out:
Is Hiring Your Family the Right Thing to Do?
Mastering Recruitment: Marketing Strategies with Shannon
How My Dad's Advice Shaped My Career and Business Success
Want to learn more so you can earn more?
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of Keep What You Earn, Shannon breaks down the complex topic of S Corp salary in a way that's easy for anyone to understand. She explains the important requirement for S Corp owners to pay themselves a reasonable salary and delves into the internal and external factors that come into play when determining this salary. Shannon shares expert tips and real-life examples, emphasizing the importance of thorough documentation to support your salary decisions. Plus, she offers listeners a valuable free resource to help them navigate the world of S Corporations with confidence. Tune in to gain a deeper understanding of this crucial aspect of business finance and learn how to optimize your S Corp salary to keep more of what you earn.
What you'll hear in this episode:
03:14 Salary corresponds to business work, profit distributions.
08:24 Use screenshots, consider internal time allocation. Determine reasonable salary based on profession and time allocation.
10:52 Support claims with evidence for successful audits.
If you like this episode, check out:
Determining the Appropriate Salary for an S Corp Owner
Maximizing Finances: Tax & Accounting Synergy
How to Play in the Gray When it Comes to Your Taxes
Want to learn more so you can earn more?
Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Today, Shannon shares three simple steps to ease tax season anxiety. She emphasizes the importance of proactive bookkeeping and offers practical tips to make it more manageable. Additionally, she discusses the significance of organizing tax-related documents and suggests strategies to effectively communicate with your tax professional. Dive into this episode to learn how to alleviate tax season stress and take control of your financial journey.
What you'll hear in this episode:
04:30 Reducing stress through timely financial tracking and understanding.
08:52 Organize and store documents for effortless tax preparation.
12:02 Customizing professional services requires clear communication.
15:42 Support and comfort are key to success.
If you like this episode, check out:
Are Quarterly Taxes Necessary For You?
Tax Implications of Digital Product Sales
Everything You Need to Know About Sending and Receiving 1099s
Want to learn more so you can earn more?
CFO On Demand click here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of "Keep What You Earn," Shannon continues her insightful conversation with franchise expert Liz Leonard on the intricacies of being a successful franchisee. They delve into the challenges and experiences of franchise owners, including the importance of working capital and building a strong team. They also discuss the support provided by franchise companies, ongoing requirements, and the significance of having an exit strategy. Liz shares valuable insights from her book "Franchise Fastpass," designed to guide aspiring entrepreneurs through the process of evaluating and selecting the right franchise. Additionally, they explore the potential for leveraging the franchise model as a strategic step towards entrepreneurship and building a legacy for future generations. With valuable advice and expertise on offer, this episode promises to illuminate the path for those considering franchise ownership.
Liz rose through the ranks of the corporate world over a 22-year journey, only to be laid off as a casualty of a merger. As a corporate employee, she had the illusion of security which vanished based on a decision taken by others. That decision afforded her the space to reflect upon what she wanted. She was able to take back control of her future and never put herself in that position again.
Liz now splits her time between running her own business and advising others who are at the same crossroads she was years ago.
Twitter: https://twitter.com/franchisefast
Instagram: https://www.instagram.com/franchisefastpass/
Facebook: https://www.facebook.com/yourfranchisefastpass
Website: http://www.franchisefastpassbook.comWhat you'll hear in this episode:
04:07 Franchise systems offer benefits and conveniences.
07:04 Exploring royalty and franchise structures for success.
12:12 Franchise model offers easier entry to brand.
13:17 Understanding McDonald's operations, leverage for franchise owners.
18:56 Educational book promotes franchising and entrepreneurial success.
If you like this episode, check out:
The Power of Diverse Mastermind Groups for Comprehensive Growth
How to Break Free from the Corporate 9 to 5
Best Ways to Negotiate Business Deals
Want to learn more so you can earn more?
Download the Money Pro Matchmaker tool here
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode, Shannon dives into the world of franchise businesses with expert Liz Leonard. They explore the lesser-known side of franchising, beyond the typical fast food and restaurant models, and discover the wide range of opportunities available in home services, healthcare, education, and more. Liz shares her expertise as a franchise advisor and owner, shedding light on the different types of franchises, the investment required, the skills needed for success, and the key factors to consider when evaluating franchise opportunities. Join us as we uncover the secrets and opportunities of the franchise world with Liz Leonard on Keep What You Earn.
Liz rose through the ranks of the corporate world over a 22-year journey, only to be laid off as a casualty of a merger. As a corporate employee, she had the illusion of security which vanished based on a decision taken by others. That decision afforded her the space to reflect upon what she wanted. She was able to take back control of her future and never put herself in that position again.
Liz now splits her time between running her own business and advising others who are at the same crossroads she was years ago.
Twitter: https://twitter.com/franchisefast
Instagram: https://www.instagram.com/franchisefastpass/
Facebook: https://www.facebook.com/yourfranchisefastpass
Website: http://www.franchisefastpassbook.comWhat you'll hear in this episode:
05:00 Franchising extends beyond food to home services.
08:37 Franchise companies focus on the owner's routine.
11:08 Starting a business requires a specific mindset.
13:25 Investment costs vary depending on business type.
16:50 Considering investing in a franchise? Here's advice.
20:03 Overcome fear of starting a business legally.
If you like this episode, check out:
The Power of Diverse Mastermind Groups for Comprehensive Growth
How to Break Free from the Corporate 9 to 5
Best Ways to Negotiate Business Deals
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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In this episode of Keep What You Earn, Shannon delves into the internal voices that entrepreneurs must silence in order to succeed. She identifies three key voices: comparison, overwhelm, and the fear of making someone feel bad. Through personal anecdotes and reflections, Shannon provides insights on the impact of these voices and strategies to silence them. From embracing beginner status to managing overwhelm and learning to say no, the episode delivers valuable advice for navigating the entrepreneurial journey. Tune in as Shannon empowers listeners to take control of their mindset and strive towards success in their businesses.
What you'll hear in this episode:
06:14 Avoid overworking, embrace free space for balance.
08:27 Slow down, schedule free, buffer, focus days.
12:44 Let go of fear to move forward.
14:23 Setting clear boundaries for social and business interactions.
18:55 Prioritize relationships and opportunities for success.
If you like this episode, check out:
Blue Oceans are All Around Us
Never Let Your Scarcity Show
Stop Shrinking Yourself in the Name of Saving
Want to learn more so you can earn more?
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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