MK#71- Small Business- Hiring

MK#71- Small Business- Hiring

This episode we break down the clear signs it’s time to hire, W2 vs 1099 differences, and practical steps to hire right while building strong culture. When to Hire – 3 Signs: Turning down profitable work you can’t handle. Consistent gross revenue 3–4× the employee’s monthly cost. Feeling overwhelmed as the owner. W2 vs 1099: Start with 1099 for simplicity — easy setup and termination. Switch to W2 when you need set schedules and more control. Begin with 1099 and move to W2 later. Hiring & Culture Tips: Set clear expectations on pay, schedule, and duties upfront. Pay fair wages, use 90-day reviews, and cut fast if needed. Lead with positive energy and pay top performers what they’re worth. Recruit actively and trust your gut on fit.

MK#70- Small Business- Money Mastery

In this episode of the Modern Kingsman business series, we tackle the #1 most hated task for small business owners—managing the books—and break it down into four practical, easy-to-follow steps you can start using immediately. Know your numbers — Track gross revenue, gross profit, net profit, and overhead every month so you always understand exactly where your money is coming from and going. Prioritize cash flow over paper profit — Time money coming in versus going out, plan ahead for delayed payments like net-30/60 contracts, and build reserves so you never run out of operating cash. Price for healthy profit — Research market rates, stop underpricing, test smart price increases, and attract ideal clients instead of chasing low-margin work that drains you. Build simple financial systems — Use tools like QuickBooks, open a separate business bank account and credit card, and maintain retained earnings so you can focus on the work you love without the bookkeeping stress. These four steps turn the most dreaded part of business into a smooth, repeatable process.

MK#69- Small Business- Marketing

**Due to video errors that were definitely in my control, this Monday's video will be audio only. My deepest apologies to everyone who only watches our podcasts to see our amazing faces.** In this third episode about small business ownership, we tackle marketing. Master marketing for your new business with this practical breakdown. We cover exactly how to: * Define your ideal customer so every effort hits the right audience * Build simple, repeatable low-cost systems for consistent customer acquisition * Leverage social media to create authentic trust and free visibility * Implement referral and review programs that turn happy clients into your best salespeople * Track every metric and double down on what actually works while cutting what doesn’t Adopt the relentless Bob Vance energy and become omnipresent in your market.

MK#68- Small Business- Getting Started

For this second episode in our small business series, we cover your first 5 steps of getting your business off the ground. Step 1: Validate your idea with real market research and customer conversations to confirm demand before investing. Step 2: Create a simple one-page business plan covering what you sell, who you sell to, and how. Step 3: Choose the right legal structure—sole proprietorship, LLC, partnership, or corporation—while understanding liability protection and tax options like pass-through vs S-Corp elections. Step 4: Handle the paperwork by filing your LLC, getting an EIN, and opening a dedicated business bank account. Step 5: Start selling immediately, then iterate based on feedback instead of waiting for perfection. *As we go over legal structures and taxes, please consult your professional as this video is for education. Your specifics matter.*

MK#67- Small Business Mentality

This episode launches our Small Business Series with the raw truth of entrepreneurship. 20% of businesses fail in year one, 50% by year five — most won’t survive. We break down the critical shift from employee to owner mindset, why comfort kills startups, and how to turn repeated failure into fuel. Colonel Sanders’ story of 1,000+ rejections at age 65 proves the grit required to win.