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...

On today's episode of the Unf*ck Your Biz podcast I explain how you can start making more profit in your business, beyond increasing your revenue.

This episode of the Unf*ck Your Biz with Braden podcast is sponsored by my program, The Profit Rx. The end of the year is the time to get your books in order and set up your LLC or S Corp for the new year. I work through these steps in the Profit Rx and to give you a sneak peek into the plan, I dive into cash flow management and profit optimization.

As we wrap up another year, for many business owners our goal is to scale our profits year over year. There is more to profit than just money which is what I call finding your profit sweet spot. In my Profit Rx program I share a profit matrix which is a venn diagram with three circles - hours worked, revenue, and profit. Where these three overlap is what I call your profit sweet spot. For example, you may be willing to work less hours or make less revenue if it means...

In this episode I am going to tell you more about The Profit Rx and why you should join, but I'm also sharing with you why I've made the change.

I had previous programs. One of my programs was called Fundamentals. It was a monthly membership. I also had Unf*ck Your Biz, the course which has now been retired. Both of these programs have been retired. Fundamentals, Fundamentals, Um, I initially created. It was supposed to be a program more for newer business owners. It didn't really turn out that way, like my goal was to create Fundamentals, a monthly program that then prepared people to join Unf*ck Your Biz. But what ended up happening was that I drastically changed the Fundamentals content last year I would say during COVID but that's still a thing at the time of recording this podcast.

But once we went on lockdown in the wedding industry in particular, the events industry was dealing with all of the Um, COVID-related contract cancellations, postponements, refunds, and all of that,...

On today's episode of the podcast I talk about hiring a team and why it's never too early to think about hiring, even if you aren't ready.

I've previously spoken about hiring a team, for example when I interviewed Ashley Ebert on episode 178 of the podcast. While it may be too early to build a team, it is never too early to think and plan for that day. The first question is what that team will look like. It's not several full-time employees, it can be just one contractor, and those contractors can be broken down into two types of contractors - internal and external.

An internal contractor is someone I'm working with on a regular basis and I pay them monthly for an indefinite period of time. I have weekly meetings with them and treat them as a member of my team. I also have external contractors, which are contractors that I'm hiring on a project-basis such as redoing your website or setting up your Pinterest account. When we talk about building a team, we're talking...

On today's episode of the podcast I talk about how legalities can help protect your bank account.

I always talk about these things in a vacuum, for example how an LLC helps protect your personal assets, I chat about how insurance can help defend you in the case of a lawsuit, and I've noticed these are the topics people are not always as interested in as tax topics, I think because our fear of the IRS often seems to outweigh our fear of legal repercussions. I'd love to hear your thoughts on this in my Facebook group.

Beyond contract templates and starting an LLC, why should you care? The reason is because it all comes down to our finances. Assume you have a client problem that ends up in court, aside from being anxiety producing, we could have a judgement against us. A lot of our legal protections are to give us financial security. This is where our legal layers of protection come in, including liability layers and intellectual property layers.

On today's episode I chat with Amber Anderson, Owner of Refine for Wedding Planners, about business acquisition and trademarks. 

We should all run our business with a long-term perspective of "do I want to run this thing until I'm ready to retire?" or "do I potentially want to sell my business one day?" Even if you think you don't want to sell, it's good for business to run it in a systemized way that it could one day be sold. 

Amber Anderson sold her wedding planning company, Heavenly Day,  in January of 2020. She said it was easier to sell the company since it was not tied to her name directly, though the name was not trademarked. When she was ready to sell, it all came down to timing and who was ready to buy at the same time Amber was ready to sell.  As for pricing, Amber calculated based on 3-4x annual revenue. Depending on your timing and if you had a broker and how much time you have will also play a factor in the money you will get...

On this episode of the podcast I share how I increased my credit score by 100 points in 6-8 months.

I think it's important that we as business owners get more comfortable sharing more about our personal finances. Everything from profit to saving for taxes to how much we pay ourselves and how this all relates to our personal finances like our credit scores, our savings, our emergency fund, our retirement savings, our loan repayments, our credit cards, etc. They're very taboo topics so I've found the best way to discuss them is to start sharing.

To give you my background with credit, my journey started my freshman year of college when someone offered me a credit card. I signed up thinking there were no consequences. Luckily I only used it to buy my books, so about $1,000. But I didn't have $1,000 to pay it back so my credit score immediately tanked and stayed there for about five years. When I got to law school I had a car loan my mom was co-signed on and I think I made...

You're invited to join Unf*ck Your Biz! The cart closes on Friday. Check out Tuesday's episode to hear from our previous students and learn more about what you'll get when you join the program.

Want a closer look at the content you'll get from the program? Click here.

On this episode of the podcast I talk abut what types of mail may be headed your way in regard to business documents and what you can expect to find when opening your mailbox.

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

Do you have an increase in panic every time you open the mailbox? Fear of getting bills on top of debt or IRS hate mail that you fear will be in there, leading to procrastinating in opening the mail?