About This Episode

Bookkeeping can be intimidating and a bit overwhelming but it doesn’t have to be.  It can (and should be) a tool that you can use to plan and scale your business… sooner than later.

In this episode, I’m giving you four quick tips to get you on board with bookkeeping.  Just the basics. Afterall, we have to start with a foundation, right? RIGHT!

Mentioned in this episode: 

• Bookkeeping basics and tips to make it less intimidating and overwhelming
• Episode 008 – The 3 Bad Money Habits That Drive Your CPA Crazy
• Leaving notes for your accountant in Xero Accounting Software
• Upcoming Webinar – The 3 Money Mistakes That Are Keeping You Stuck and Killing Your Profit

Additional Resources:

• Bookkeeping Basics – What To Do & Why You Need To Do It
• Bookkeeping Basics For Small Business Owners – Top 3 Things You Must Do
• CHECKLIST – Money Matters Checklist (Step-By-Step Bookkeeping Checklist That Let’s You Know What To Do, When To Do It and Why You Need To Do It)

Highlights of this episode:

• 00:45  Introduction of this episode’s topic – bookkeeping and preventing messy money
• 01:22  Tips to make bookkeeping a little less intimidating and less overwhelming
• 02:12  Some accounting jargon every business owner should know
• 03:34  How to record more complicated transactions
• 03:47  How to get feedback from your accountant (leaving numbers notes)
• 04:34  How to figure out tax deductibility
• 06:08  How frequency and consistency can make bookkeeping less overwhelming
• 08:24  Do you know your numbers?  A quick walkthrough of financial statements, “the reports”, and what it all means

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About This Episode

These 3 bad money habits not only drive your CPA crazy… but they’re probably killing your productivity AND your profits.

In this episode, I’m giving the 3 things that drive me absolutely bonkers about messy money habits… and what you can do to turn it around quickly!

Mentioned in this episode: 

• 3 bad money habits
• Money & Metrics episode
• upcoming money metrics tracking webinar

Highlights of this episode:

• 00:47  Bad Money Habit #1 – Why saying “I’m not good at math” is stunting your business growth
• 03:38  Bad Money Habit #2 – Why the lack of interest around your business money/cash flow is concerning
• 05:31  Bad Money Habit #3 – Why messy money and having bits and bobs everywhere is confusing
• 08:58  Recap of the 3 Bad Money Habits and how to fix them

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About This Episode

Building a growing, thriving, successful business isn’t a given.  It won’t just fall out of the sky… you can’t just build it and the customers will come.

Over the years, I’ve made a few observations, my informal case study, into what makes for a successful business.

Mentioned in this episode: 

• The crazy stats – few businesses make it to their 5 year anniversary & even fewer make it to their 10th anniversary and beyond.
• The 3 things that I’ve noticed among the successful businesses around me… what they do that others don’t do (or don’t do consistently).

Highlights of this episode:

• 01:12  What does it take to start, build and grow a successful business?
• 01:46  Why you need more than goals…why you need a plan of attack
• 02:13  Why you need to invest in yourself and your business in various ways
• 03:44  A few of my business game changers at different price points to help you invest in yourself and your business
• 06:32  Why you should take stock in what you’re doing and why you’re doing it BEFORE you invest
• 07:10  Why tracking (and it’s frequency) matters to your overall ROI
• 09:33  Recap…top three things to do to make it to 10 years and beyond

Here’s a list of the books & resources mentioned in this episode*:

• 12 Week Year – Get More Done in 12 Weeks Than Others Do in 12 Months – by Brian P Moran and Michael Lennington
• Traction – Get a Grip On Your Business by Gino Wickman
• Smart Leaders Sell by Jessica Lorimer (she also has a 90 Day Sales Planner)
• You’re a Badass & You’re A Badass at Making Money by Jen Sincero
• Think And Grow Rich by Napoleon Hill
• The Miracle Morning by Hal Elrod

I also mentioned my very own business trackers & spreadsheet templates.  If you’d like to get access to the business trackers that I’m working on…join the wait list here.

Additional Building A Business Resources:

• 50 Steps Every Entrepreneur Must Take To Build A Business – Entrepreneur.com
• Top 20 Tips for Building A Business from Successful Entrepreneurs – Thinkfic.com
• What Percentage of Small Businesses Fail? (And Other Need-to-Know Stats) – Fundera.com

*This is a link to my Amazon shop so you may find more than the books/resources listed in this posting.

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About This Episode

​Six Figures isn’t all that it’s cracked up to be, especially when there seems to be a moving target & every changing definition that suits the exclaimer…

I’m calling BS on 6 figure claims in marketing…it’s bothersome and frustrating unless you ask the right questions and shift your focus.  It’s easier than you think and it’s probably not what you think it is.

In this episode, I have a few questions for you.  What to contemplate and ponder whenever you hear the works “6 figures” touted somewhere on someone’s sales copy…

I’m not saying that it’s not true 6 figures but what I am saying is be cautious and read between the lines – IE: revenue versus profit or billed versus cash collected.  

The words barely register but there is a huge difference. And let’s not forget positive cash flow. That’s the second layer to ponder…

Mentioned in this episode: 

• Where you can schedule a coffee chat consultation with Joyce: thecommoncents.com/consult  
• Happy Birthday to my sister 🙂

Highlights of this episode:

• 00:33  How do you feel about the whole “six figures” era? 
• 02:30  The two biggies that bother me about the mystique of importance
• 03:26  Why being vague is bothersome
• 09:53  Why random “magical” measures of success are bothersome
• 10:23  What to focus on instead (profit & positive cash flow)
• 16:45  Birthday shout out

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About This Episode

Tax time can be stressful for anyone but it really doesn’t have to be.  As a reformed tax preparer, I have a few tips, tricks & hacks that will de-stress tax time for you, your family and your tax person (if you have one).

Mentioned in this episode: 

• What to do before, during and after you do your taxes.
• My favorite thing to do – it may or may not involve wine
• Bonus tips to help you stay on track all year

Highlights of this episode:

• 00:46  Why you need to be mindful of estimated taxes
• 01:57  What to be mindful of when selling physical products (sales and use taxes)
• 02:40  What about other taxes and filing fees?
• 04:27  Who needs to prepare W2s?  Who gets a 1099?
• 06:34  What simple steps you can take to get ready for tax day to make it a lot less stressful
• 10:59  What you can actually DO to not stress out

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