Business By The Books with Danielle Hayden

This week, I'm talking about retirement strategies that can reduce your business's tax liability at year-end, as well as the different retirement plan options that may be right for you and your employees. In this episode, Danielle also discusses: What are the benefits of having a retirement strategy & why to implement one in your business| 2:12 3 Immediate steps to take before implementing a retirement strategy | 4:44 The different retirement plan options if you are a sole proprietor or an LLC | 6:24 What to think about to decide which retirement plan options are best for your business | 8:50 The difference between IRA and 401k plans | 9:24 Questions to ask yourself to help decide on a retirement plan strategy to discuss with your tax accountant or financial advisor | 16:00 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO – https://www.kickstartaccountinginc.com/getpaid

Megan Gillikin is the founder of The Planner's Vault, an educational resource and community for wedding planners, and the host of the Weddings for Real podcast. After running a successful wedding planning business for 12 years, Megan now devotes her time to helping the next generation of planners achieve their business goals. Megan returns to the podcast to join me in discussing her journey of buying and selling a business, the process of how to sell your business, and the mindset needed throughout. Listen to Megan's entrepreneur story during her first time on the pod here. In this episode, Megan and I discuss: How she bought her business | 4:44 Why she began to consider selling her business | 11:13 Creating space from your business to have a better view of it | 15:57 The steps of selling your business | 19:43 Evaluating and increasing the value of your business for sale | 24:10 Negotiating the sale of your business | 30:26 Preparing for after the sale of your business | 43:23 Post-sale mindset and where you go next | 47:02 Connect with Megan: Website | https://www.theplannersvault.com/ Podcast | https://www.theplannersvault.com/podcast LinkedIn | https://www.linkedin.com/in/megan-gillikin-34900524 Connect with Danielle: https://kickstartaccountinginc.com/product/profitplanner/ Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. – Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO – https://www.kickstartaccountinginc.com/getpaid

This week, I'm talking about profitability and how you can stay profitable in your business as you continue to grow. Join me in this episode to learn how you can eliminate excess expenses and figure out what you should be spending on in your business to maximize profits and cut expenses that aren't helping your overall business growth. In this episode, Danielle also discusses: How you can actually put profitability into play in your business 1:22 The steps you need to take to measure your profits over the past year 3:14 Why you should stay focused on advertising and marketing expenses 5:18 How to filter your expenses to see which ones you can eliminate 9:04 Measuring your time with your clients 15:33 Grading your clients 17:34 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Things Mentioned in Today's Episode: kickstartaccountinginc.com/grading Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Today I'm sharing how you can create a scorecard around your own individual podcast so you can track your input and output metrics and the overall success of your show. Join me in this episode to learn how you start a podcast on the right foot, track your show metrics and measure the ROI of your podcast. In this episode, Danielle also discusses: Creating a scorecard around your podcast 2:36 Making sure you have a goal for your show 4:25 Using podcasting as a thought leadership tool 6:20 Determining your hourly rate in your business 7:54 The metrics you need to track 11:24 Measuring the ROI of your podcast 16:09 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Things Mentioned in Today's Episode: Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

This week, Kelsey joins me again to chat about the end of year strategies you need to know as an entrepreneur. Kelsey and I share how you can set up a custom end of year strategy for your business and what you need to look at if you want to make sure your business is ready for the upcoming year. Join us in this episode to learn how you can get a head start on your strategy before Christmas comes! In this episode, Danielle also discusses: How to get things in order from the start 2:06 Giving ourselves bonuses as business owners 5:23 How to know if you're profitable or at a loss 7:20 What to do if you're at a loss 9:42 Becoming an S-Corp 12:06 Retirement plans 13:34 Donating to charity and taxes 14:48 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Things Mentioned in Today's Episode: Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

This week, Kelsey joins me to chat about a topic that we get asked about a lot from our clients: team bonuses. As the end of the year approaches, many entrepreneurs may be wondering about the different options they have for giving team bonuses and how they can prepare for giving annual bonuses throughout the year. Join us in this episode to hear how you can get a head start on your team bonuses now for next year and how you can assess your teams performance. In this episode, Danielle also discusses: Why you might give a team bonus 2:05 What to base the bonus off of 4:03 Preparing for annual bonuses throughout the year 5:44 Bonus pools 7:27 Assessing your teams performance 9:41 Different ways you can give a bonus 11:30 Setting yourself up for giving a bonus next year 17:45 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Things Mentioned in Today's Episode: Get the GUIDE to determining bonuses - https://kickstartaccountinginc.com/BONUS Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Julie Fry, founder of Your Expert Guest, empowers female entrepreneurs to land podcast guest spots to expand their reach. She delves into the long-term benefits of podcast guesting and highlights the types of industries that thrive in this medium. Julie discusses the importance of tracking success with personalized scorecards and how to choose the right podcasts. Learn about the potential downsides of podcast guesting and the significance of aligning content with target audiences for maximum engagement.

Annie P Ruggles is the founder of the Non-Sleazy Sales Academy and the host of the 'Too Legitimate to Quit' podcast. Annie's mission is to empower more solopreneurs to sell as themselves authentically. In this episode, Annie joins me to talk about how you can ask for the sale as an entrepreneur while pushing past your money and sales trauma. In this episode, Annie also discusses: Annie's entrepreneurship journey Why people avoid the topic of money and asking for the sale Sales and money trauma How to embrace asking for the sale as an entrepreneur Metrics you should be tracking monthly for your sales The tone around sales and money when Annie was growing up and how it impacted her as an entrepreneur Keeping your money mindset strong as an entrepreneur Connect with Annie: Website | https://www.anniepruggles.com/ LinkedIn | https://www.linkedin.com/in/anniepassanisi/ Podcast | https://www.podpage.com/too-legitimate-to-quit/ Connect with Danielle: https://kickstartaccountinginc.com/product/profitplanner/ Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

David Chudyk is a certified financial planner, host of the Weekly Wealth Podcast and a Certified Value Builder Systems(tm) Advisor. David helps entrepreneurs build value in their biggest asset- their business itself. David joins me in this episode to talk about how you can run a business that's not only more profitable but also is a financial asset. In this episode, David also discusses: David's background and mission 2:36 The biggest mindset shifts an entrepreneur needs to make to become more profitable 10:14 Seperating yourself from your business and hiring out 11:47 Recurring revenue in business 15:40 Maintaining control of your business 23:11 Value drivers to think about when turning your business into an asset 26:05 Making relationships with your clients more sticky 27:02 Connect with David: Website | https://www.allofmyassets.com/ Podcast | https://www.weeklywealthpodcast.com/ Things Mentioned in Today's Episode: Profit Planner: https://kickstartaccountinginc.com/product/profitplanner/ Built to Sell Book your FREE strategy call https://www.kickstartaccountinginc.com/get-started What is your financial health? Take the FREE Quiz Here - https://quiz.tryinteract.com/#/6192948f1ab9670018ebce02 Connect with Danielle: Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/ Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Today, I'm talking about the importance of budgeting as an entrepreneur and why you need to get a head start on your annual budget for next year now. In this episode, I explain how you can determine what you need from a budget and how you can implement one correctly to get the most out of your finances and set yourself up for success. In this episode, Danielle also discusses: Why you need a budget 2:45 Creating a budget in the fall instead of the new year 4:13 Having a goal with budgeting 6:59 Budget to actual analysis 9:50 Planning for unexpected expenses 11:39 Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct Things Mentioned in Today's Episode: https://kickstartaccountinginc.com/product/budgetwebinar/ Book your FREE strategy call https://www.kickstartaccountinginc.com/get-started What is your financial health? Take the FREE Quiz Here - https://quiz.tryinteract.com/#/6192948f1ab9670018ebce02