Episode 225: April Profit Report

biz entities solo show May 05, 2022

On today’s episode of the Unf*ck Your Biz with Braden podcast I share my April profit report and break down my revenue, expenses, and if I hit my monthly goals. If you’re new to the podcast, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

 

My goal for this year is to have $15,000 months, and my goal for April was to have an $18,000 month. So far, I only hit $15,000 in January, and $9,000 months seems to be my baseline each month that I can hit by doing what I do every week.

 

Each week I release and promote one podcast episode, I post in my Facebook group a few times a week, post to Instagram stories daily and on the feed 1-3 times a week, and average about one guest speaking assignment a week. From there, to increase revenue I can send an additional promotional email, offer a flash promotion, pay my contractors to do more work on my behalf, or offer 1:1 services.

 

On around the 20th of each month is when I run an...

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Episode 224: Profit Margins and their Impact on Hiring with Melissa Houston

cash flow interview Apr 28, 2022

On today's episode of the podcast I talk with Melissa Houston, CPA and financial strategist for CEOs, about the importance of profitable businesses and increasing your networth. 

Melissa helps successful business owners increase their profit margins to keep more money in their pocket and increase their networth. she is a columnist at Forbes and host of the Business Society podcast. 

Small businesses benefit from a fractional CFO, a part time CFO for your small to medium-sized business (solopreneur to 10-50 employees with 7-8 figures a year) important to do your financial planning. A different look at small and medium sized businesses than the tax code that typically defines a small business as under $25 million in revenue. 

Too often business owners are focused on revenue, but if you're not bringing in and growing your profit, you're not going to last. 82% of businesses fail due to financial mismanagement because either you're spending more money than you're making...

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Episode 223: Copyrights and Trademarks

biz entities solo show Apr 21, 2022

On today’s episode of the podcast I chat with Joey Vitale, trademark lawyer and owner of Indie Law.

 

Copyrights vs trademarks

Copyrights protect your content, trademarks protect your brand. For example, when you walk down the cereal aisle of your business, the trademarks are the packaging (things like business name, logo, slogan, title of your podcast, etc.) and the stuff inside the cereal box (the content you’re taking, the posts on your website, etc.) and that’s where the copyrights come in. 

 

Trademarks are not to protect you, they’re to protect consumers. For example, imagine there was no rule and any tech company could call themselves Apple, consumers wouldn’t know who they could trust.

 

The sign of a trademark, lawyers refer to it as source identification, when a name or phrase is mentioned and people can automatically identify the source behind that. For example, Disney having the trademark behind Hakuna Matata. 

...

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Episode 222: Episode with Parker

biz entities interview Apr 14, 2022

 

On today’s episode of the podcast I chat with Parker Stevenson, co-owner and Chief Business Officer of Evolved Finance, a bookkeeping business for online business owners. 

 

To hear Parker’s previous episode, check out Episode 130 - Your Tax Write-Off and Bookkeeping Questions Answered

 

Look for a bookkeeping service that focuses on online business owners and knows the ins-and-outs of online business and can work with you to help keep you profitable. If you focus on building your profit you can get paid easier, you can focus on stabilizing the business,you can have cash to invest back into the business without going into debt, and more. If your books aren’t accurate and timely, you will have a difficult time being able to track this growth and be more profitable. It’s Parker’s passion to help business owners see the importance of tracking where your money is coming from, where it’s going, and what’s left over. 

...

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Episode 221: March Profit Report

cash flow solo show Apr 07, 2022

On today's episode of the Unf*ck Your Biz podcast I review my March profit report and discuss my plans for Q2. If you’re new to the podcast, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

 

I don't think enough business owners share their numbers and if I'm teaching you how to be more profitable in your business, I think it's important to share more about mine. I'm starting to call it the client to piggy bank pipeline - how to get more of the money you're getting from your clients into your personal bank account while saving for taxes, covering expenses, and legally protecting the money that you're making from lawsuits or fines. Every business looks different, so consider my profit report just an example.

 

My goal for year is to have $15,000 months, so a $45,000 Q1. I slightly exceeded my goal in January with $16,000. February was a bit of a down month with $9,000. I did a lot of promotion in January. In February a lot of the...

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Episode 220: The HR Side of Hiring for Your Business

hiring inteview Mar 31, 2022

On today's episode of the podcast I chat with Kira La Forgia, owner of Paradigm Consulting, about hiring and HR. 

 

The doors are open to the Profit Rx Content-Only membership. For just $30/month you can get access to all my tax and legal resources on demand. Get your access here. But hurry, this rate goes up at the end of the month.

 

Kira's experience in sales and HR led her to create her own hiring consulting company which assists business owners with their questions on everything from When do I hire? to How do I delegate? to When does that hire turn into an employee? Recently, Kira shared her case study on the working with The Boss Project, sharing that hiring often leads to growth and more hiring. For example, 6 months ago Abby and Emily from The Boss Project had 6 employees and now they are coming up on 12. Hiring grows quickly after your first hire. 

 

A popular opinion among business owners seems to be that working with employees is more...

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Episode 219: My Hiring Case Study

biz entities solo show Mar 24, 2022

 

On today's episode of the podcast I continue the Hiring Series with a case study focusing on my own latest hiring process.

 

The doors are open to the Profit Rx Content-Only membership. For just $30/month you can get access to all my tax and legal resources on demand. Get your access here.

 

Last year I did Part 1 of the Hiring Series (start with the first episode of Part 1 here) and now I am continuing my Hiring Series Part 2. If you missed the start of Part 2 last week, go back and check out Contractor Laws State-By-State. Today I am diving into Module 7, Lesson 5 of Profit Rx with info on Contractor Onboarding and my own personal experience with hiring my latest contractor.

 

Recently I was following a discussion on Facebook of an interior designer who hired a photographer for photos of their designs. The photographer asked why the designer wanted to send her a 1099, and the majority of photographers in the comments said no, she shouldn't get one because...

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Episode 218: In Which States Can You Work With Contractors?

other legal solo show Mar 17, 2022

 

On today’s episode of the podcast, I discuss state-by-state independent contractor laws. 

 

This week I announced the launch of my new offer. I’ve restructured my signature program, Profit Rx, so you can join the membership for just $30/month and get access to basically everything I’ve ever created about taxes, profit, business entities, legal protection, contracts, and more. Get access to all of these templates, resources, and trainings for just $30/month before the price goes up next week

 

Wedding pros, this week only you can get access to Renee Dalo’s Profitable Pro Bundle, which includes 2 free months of my Profit Rx membership along with 19 other incredible resources for wedding professionals to make your business even more profitable, for just $97. Access to this bundle ends tomorrow so get yours today. 

 

This is not an A to Z guide to hiring, that would be a law school-sized text book. I am focusing on areas of...

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