030 - Stop Fighting Profit First: Implementation Tips & Alternatives

033 - Planning That Makes Money

Success leaves clues...if you pay attention you can use your past to efficiently & effectively plan for your future.  A future that makes sure that your business is as profitable as possible as soon as possible. In this episode, I will run you through my planning process for the year and how I break it down to the quarter and months for optimal profits and time off. Mentioned in today’s episode: * My CEO Debriefs:  012 - Quarter In Review: My Q2 CEO Debrief [https://thecommoncents.com/012] and 027 - Quarter In Review: My Q3 CEO Debrief [https://thecommoncents.com/027] * CEO/CFO Half Day Intensive - schedule a consultation to discuss it here [https://thecommoncents.com/consult]. * Pre-Order Black Friday, Small Business Saturday, Cyber Monday Sale - Bookkeeping Bootcamp [https://thecommoncents.com/bb]; don’t forget to use the code: BSC100 Remember, this is an open discussion.  If you have a question that you’d like me to answer on an upcoming episode, send an email to podcast@thecommoncents.com [podcast@thecommoncents.com]. If you’re hanging out on social media, you can find me on Facebook [https://www.facebook.com/thecommoncents/], Instagram [https://www.instagram.com/thecommoncents/] or Twitter [https://twitter.com/thecommoncents?lang=en]…as @thecommoncents. For complete show notes & links, go to:  thecommoncents.com/033 [https://thecommoncents.com/033]

032 - Stop Hiring The Wrong People

This episode is a bit of a rant/what grinds my gears because I’m tired of seeing small business owners taken advantage of by so-called virtual bookkeepers. What kicked this up for me was seeing a post about rules for a group that didn’t want there to be “negativity” in the group surrounding calling out inexperienced bookkeepers. So in this episode, I run down why all of this bothers me, the ulterior motives of some group owners, why it’s hurtful to business owners and professionals...and what to do about it. I also invite you to join the notification list for a rare sale that’s coming up for Black Friday (you can join here:  thecommoncents.com/bootcamp [https://thecommoncents.com/bootcamp]) RESOURCES Kill The Vanity Metrics Challenge [https://www.thecommoncents.com/metrics-challenge/] Money Matters Checklist [https://www.thecommoncents.com/moneycklist/] Resources List [https://www.thecommoncents.com/resources/] WORK WITH COMMON CENTS Virtual Accounting, Bookkeeping & CFO Services [https://www.thecommoncents.com/services/] Courses & Programs [https://www.thecommoncents.com/programs] Templates [https://www.thecommoncents.com/templates] Planners & Printables [https://www.thecommoncents.com/shop] Thanks for listening.  Don’t miss an episode - subscribe on:  Anchor [https://anchor.fm/2centspodcast], iTunes [https://itunes.apple.com/us/podcast/the-2-cents-business-podcast/id1451979841?mt=2&uo=4], Spotify [https://open.spotify.com/show/1zSPeBUSIVPnzs6N7zqEjm], Stitcher [https://www.stitcher.com/podcast/anchor-podcasts/the-2-cents-business-podcast] Want to chat and hangout with me, Joyce?  You can find me on Facebook [https://www.facebook.com/thecommoncents/], Instagram [https://www.instagram.com/thecommoncents/] or Twitter [https://twitter.com/thecommoncents?lang=en]…as @thecommoncents. You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast [https://www.thecommoncents.com/podcast]

031 - Coaching Vs Consulting - What's the difference?

The difference between coaching vs consulting is subtle but there IS one...and it’s one that could make or break your business.  I know it is dramatic but true. That’s why we’re going to settle the debate between the two and give you a few clues as to who you need and when in your business. Highlights of this episode: * 01:47  The great debate between coaching & consulting * 02:54  My grip/rant & soapbox * 05:00  What is coaching?  And the sports analogy * 07:17  The good and the bad of the ease of entry into the field of coaching * 08:38  What is consulting? And continuing the sports analogy * 10:22  Who you may need to work with and when RESOURCES Kill The Vanity Metrics Challenge [https://www.thecommoncents.com/metrics-challenge/] Money Matters Checklist [https://www.thecommoncents.com/moneycklist/] Resources List [https://www.thecommoncents.com/resources/] WORK WITH COMMON CENTS Virtual Accounting, Bookkeeping & CFO Services [https://www.thecommoncents.com/services/] Courses & Programs [https://www.thecommoncents.com/programs] Templates [https://www.thecommoncents.com/templates] Planners & Printables [https://www.thecommoncents.com/shop] Thanks for listening.  Don’t miss an episode - subscribe on:  Anchor [https://anchor.fm/2centspodcast], iTunes [https://itunes.apple.com/us/podcast/the-2-cents-business-podcast/id1451979841?mt=2&uo=4], Spotify [https://open.spotify.com/show/1zSPeBUSIVPnzs6N7zqEjm], Stitcher [https://www.stitcher.com/podcast/anchor-podcasts/the-2-cents-business-podcast] Want to chat and hangout with me, Joyce?  You can find me on Facebook [https://www.facebook.com/thecommoncents/], Instagram [https://www.instagram.com/thecommoncents/] or Twitter [https://twitter.com/thecommoncents?lang=en]…as @thecommoncents. You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast [https://www.thecommoncents.com/podcast]

030 - Stop Fighting Profit First: Implementation Tips & Alternatives

Profit First is still a thing.  Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive. In this episode, I walk you through if the Profit First system is right for you and your business, as well as - what it is (and isn’t), how to implement it, who it works best for, does it actually work...some alternatives and recommendations. If you’d like to get my eyes on your business and get a personalized implementation plan, grab some time on my calendar by going to thecommoncents.com/consult [https://thecommoncents.com/consult] Highlights of this episode: * 02:15  What Profit First is * 06:29  What it is not * 09:00  How can it be implemented with ease? * 10:45  Some questions to contemplate before implementing this type of system * 13:55  Who does Profit First work best for? * 14:48  Does this system actually work? * 16:00  A few alternatives to Profit First and recommendations * 18:45  What to skip for now and what to do instead * 21:19  How can you customize to your habits and business needs * 26:00  Should you use a system like Profit First at all… RESOURCES Kill The Vanity Metrics Challenge [https://www.thecommoncents.com/metrics-challenge/] Money Matters Checklist [https://www.thecommoncents.com/moneycklist/] Resources List [https://www.thecommoncents.com/resources/] WORK WITH COMMON CENTS Virtual Accounting, Bookkeeping & CFO Services [https://www.thecommoncents.com/services/] Courses & Programs [https://www.thecommoncents.com/programs] Templates [https://www.thecommoncents.com/templates] Planners & Printables [https://www.thecommoncents.com/shop] Thanks for listening.  Don’t miss an episode - subscribe on:  Anchor [https://anchor.fm/2centspodcast], iTunes [https://itunes.apple.com/us/podcast/the-2-cents-business-podcast/id1451979841?mt=2&uo=4], Spotify [https://open.spotify.com/show/1zSPeBUSIVPnzs6N7zqEjm], Stitcher [https://www.stitcher.com/podcast/anchor-podcasts/the-2-cents-business-podcast] Want to chat and hangout with me, Joyce?  You can find me on Facebook [https://www.facebook.com/thecommoncents/], Instagram [https://www.instagram.com/thecommoncents/] or Twitter [https://twitter.com/thecommoncents?lang=en]…as @thecommoncents. You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast [https://www.thecommoncents.com/podcast]

029 - Messy Money Costs Money: Steps To Clean Up Your Accounting Records

Messy bookkeeping and accounting that has gone undone and unchecked for too long can cost you not only money but time and tax deductions. If you’d like some assistance with tidying up your messy accounting records, schedule a consultation [https://www.thecommoncents.com/consult] so that we can chat about how we can work together. Highlights of this episode: * 00:48  A few ways that messy accounting is costly * 02:29  A Messy Money Horror Story * 03:03  Messy Money Lesson #1 - never give complete control of your finances to your accountant/bookkeeper * 05:29  Messy Money Lesson #2 - when outsourcing anything do NOT put your head in the sand, do NOT disappear - be present and available, participate in the process * 07:42  The 6 Steps to Clean Up Your Messy Accounting Records + a couple pro-tips to help you get it done RESOURCES Kill The Vanity Metrics Challenge [https://www.thecommoncents.com/metrics-challenge/] Money Matters Checklist [https://www.thecommoncents.com/moneycklist/] Resources List [https://www.thecommoncents.com/resources/] WORK WITH COMMON CENTS Virtual Accounting, Bookkeeping & CFO Services [https://www.thecommoncents.com/services/] Courses & Programs [https://www.thecommoncents.com/programs] Templates [https://www.thecommoncents.com/templates] Planners & Printables [https://www.thecommoncents.com/shop] Thanks for listening.  Don’t miss an episode - subscribe on:  Anchor [https://anchor.fm/2centspodcast], iTunes [https://itunes.apple.com/us/podcast/the-2-cents-business-podcast/id1451979841?mt=2&uo=4], Spotify [https://open.spotify.com/show/1zSPeBUSIVPnzs6N7zqEjm], Stitcher [https://www.stitcher.com/podcast/anchor-podcasts/the-2-cents-business-podcast] Want to chat and hangout with me, Joyce?  You can find me on Facebook [https://www.facebook.com/thecommoncents/], Instagram [https://www.instagram.com/thecommoncents/] or Twitter [https://twitter.com/thecommoncents?lang=en]…as @thecommoncents. You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast [https://www.thecommoncents.com/podcast]