Episode 186: Profit Reports Are Back!

biz entities solo show Aug 05, 2021

On this episode of the podcast I announce the return of my Profit Reports and what they'll look like moving forward.

 

I'm launching a private podcast! This will be a second podcast exclusively for members of my free Facebook group, Braden's Besties. In the group I host a Friday Facebook Live where I answer questions I've collected throughout the week. I'll be turning this Q&A into a private podcast that will be accessible only to members of my Facebook group, so join now by clicking here or visiting www.bradensbesties.com

 

If you're new to the podcast in the last year you may not be familiar with my profit reports. These reports came to be in 2019 when I was reading the book Profit First by Mike Michalowicz where he walked readers through an exercise to determine the profitability of your business. I was operating at 30-40% profit at the time which was very low and I set out on a journey to operate at 70% profit. I started sharing my income and expenses with my...

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Episode 147: Answering your tax and business classification questions

biz entities solo show Mar 09, 2021

On this episode of the podcast I share the answers to the questions asked on the Friday Live in my Facebook group Braden's Besties

 

This episode is brought to you by my FREE Tax Challenge. Taxes suck but we all have to file them. I'll walk you through the 5 steps you need to get your tax documents organized and ready to file. Sign up for this free challenge.

 

Today on the podcast I'm mixing it up. Instead of our usual Tuesday podcast where I answer only one question from my Facebook group, I'm going to be sharing an audio version of my Friday Facebook Live where I answer several questions from Facebook group members like you on anything from specific contract questions to questions about my programs.

 

Here are this week's questions:

 

  1. If my business was formed as an S Corp but I want to change it to an LLC, what do I need to do? - submitted by Jenny You will need to send in a statement of revocation and also an entity classification election form (IRS form...

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Episode 145: Unf*ck Your Finance

biz entities solo show Mar 02, 2021

 

On this episode I share more about my personal history with finances and how my Unf*ck Your Finance course came to be.

 

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

 

For my 30th birthday I was on a trip and on the airplane of all places I started crunching my business numbers to calculate my profitability. What I learned was that about 60-70% of all of my business income was going back into business expenses each month and that was wayyy too high for my service-based business that should have low overhead. I went back and started cutting expenses I didn't need to have, including trading my $1,000/month WeWork for a home office which has worked for the last year and a half.

 

My ability to contribute more to the bills provided more income for my husband to have his dream home. I...

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Episode 144: An Educator's Roundtable - Part 1

biz entities interview Feb 25, 2021

On this episode I chat with Brenda Cadman, Gabby Pinkerton and Henry Chen, educators in the Profitable Pro Bundle, about the upcoming Profitable Pro bundle and how it can help your business.

 

Where do you need the most help in your business? Today I chat with 3 of the 30 educators sharing their educational content in the Profitable Pro Bundle on what they offer and tips to help you identify what areas of your business you need improvement and guidance.

 

Click here to get added to the waitlist and be the first to know when the bundle launches.

 

By focusing on one course or workshop at a time you will see stronger results implementing one skill at a time. This Profitable Pro features tons of new, exclusive content that's never before been launched.

 

A few tips our pros shares on the episode and will expand on during their courses in the bundle are: content strategy and how it relates to your Pinterest and driving traffic, branding and fonts (script fonts do...

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Episode 143: Becoming a Profitable Pro

biz entities interview Feb 23, 2021

On this episode I chat with Renee Dalo, wedding planner and educator, about the upcoming Profitable Pro bundle and how it can help your business.

 

Renee is no stranger to the Unf*ck Your Biz podcast. You may remember when she joined me last August on the podcast to chat about the Profitable Planner bundle filled with courses and resources for wedding planners. The bundle is back, this time with even more resources for creatives beyond the wedding industry!

 

Click here to get added to the waitlist and be the first to know when the bundle launches: https://renee-dalo.mykajabi.com/a/43878/uN8Tp9MH

 

The bundle includes 30 educators with new, amazing resources to help creative entrepreneurs conquer many universal topics including Facebook ads, workflows, Canva, Tailwind, and more business management concepts.

 

On sale only from March 1st to March 5th the bundle is just $99 and will include my Unf*ck Your Finance course. After March 5th this course will only be...

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Episode 140: Retirement Planning 101 for Creative Entrepreneurs

biz entities solo show Feb 11, 2021

On today's episode of the podcast I share how to plan for retirement as a creative entrepreneur.

 

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

 

Retirement planning is incredibly important. Before you can begin planning, here are a few questions to ask yourself:

  1. Do I have a system to set aside a specified percentage of my business income for estimated state and federal taxes

  2. Am I up to date on my past tax returns and tax payments? (If no, check out this post).

  3. Am I free of consumer debt? (think everything except mortgages and students loans)

  4. Do I have an emergency fund of at least $1,000 saved?

If you answered yes, continue with vigor. If you answered no, I’d recommend starting with my free masterclass. It’ll teach you how to begin working on these steps...

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Episode 134: 3 ways to add more revenue to your business

biz entities inteview Jan 21, 2021

On this episode, my guest, Maria Bayer, sales and mindset strategist, coach, wealth builder, and creator of Irresistible Seeking, shares three ways to add more revenue to your business.

 

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new and experienced business owners & how you can avoid them. [Sign up for this free Masterclass here, and get ready to unf*ck your biz](https://www.bradendrake.com/masterclass).

 

After achieving over $25 million in software sales, Maria spoke with a group of photographers about selling and the rest was history. Maria has spent the last 8+ years teaching Irresistible Selling to wedding professionals and creatives.

 

1) There's money you can be making in your business right now without needing to be looking for new clients. The easiest person in the world to sell to is a current client because you've already built the trust. Check in with your current clients to schedule a virtual coffee date....

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Bonus - PPP

biz entities interview Jan 20, 2021

On this bonus episode of the podcast my guest, Kristy Runzer, CFP, about Paycheck Protection Program (PPP).

 

Join the Braden's Besties Facebook Group to hear Kristy's live Q&A about PPP with Braden on January 22nd.

 

PPP became available as part of the stimulus packages. It's a forgivable loan, meaning you receive the money as a loan but as long as you use it for certain things, it's a loan that gets forgiven. As a small business, PPP is more the route to go than EDIL (the SBA Economic Injury Disaster Loan program).

 

With round two of PPP now available, the first step is to determine if you qualify. Two pieces allow you to quality - 1) If you never got money in Round One you can apply like this is Round One. 2) If you did get money in Round One, the qualifier for Round Two is if you saw a 25% decrease in your revenue in any quarter in 2020 compared to that same quarter in 2019.

Ex: If Q2 in 2019 your revenue was $100,000 and in Q2 in 2020 your revenue was...

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Episode 116: Can I Form My Own LLC?

biz entities solo show Nov 17, 2020

On this episode, I answer the question "I am a virtual assistant (aka service provider) who is branching out to coaching/courses so I feel I need to get an LLC in place prior to the launch but am worried about doing it wrong & my attorney wants $1200 to do it for me. Can I do it myself?"

Link mentioned by Braden

Take the quiz at www.unfuckyourbiz.com


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Episode 111: Student Spotlight with Kristi

biz entities interview Nov 04, 2020

On this episode, I chat with the one and only Kristi from Coffee with Kristi about her process unf*cking her biz.

Link mentioned by Braden

Take the quiz at www.bradendrake.com/quiz


 

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