Stacey Bennett is a jack of all trades and a renaissance soul who has done a lot of work in the mental health space and working with Youth at Risk. Her accounting career began when she wanted to help the guy she was dating with his business. Now, she runs her own successful company and does profit coaching, which is more than just giving the numbers: teaching how to use the numbers.Stacey's contact:https://2dayprofitaccelerator.com/https://theslcgroup.co/It's a good thing that technology has helped eliminate some of the tedious data entry of bookkeeping. Stacey Bennett works almost exclusively on Zero with clients because it has taken so much of the tedious part of keeping books out of it. A balance sheet is a snapshot of a company's value and assets, while the profit and loss is a tracking progress of how income and expenses have been flowing. Payments on loans and owner draws are not tax deductible, so understanding the relationship between financial statements is important for business owners.The statement of cash flows is the translator between the balance sheet and the income statement, as it shows how much of the cash in the business went to actual expenses, financing, and equity activities. ERP systems are important for businesses, as they can integrate payroll, inventory, and other systems. Cloud accounting software prioritize third-party plugins, as they understand that a piece of software that tries to do everything often fails at more things than they win.Mindset tools recommended by Stacey:https://www.landmarkworldwide.com/the-landmark-forumhttps://untetheredsoul.com/#accountinghelp #bookkeepinghelp #balancesheet #financialstatements #quickbookshelp #xerohelp #financialhelpformybusiness #bookkeepinghelp #howtomakemoreprofit #incomestatement #cashflowstatement #trialbalance #statementoffinancialposition #balancesheetexample #profitandloss #taxpreparernearme #quickbookssupport #p&lstatement #statementofretainedearnings #balancesheetmeaning #consolidatedfinancialstatements #financialposition #commonsizestatement #statementofowner'sequity #proformafinancialstatements #proformaincomestatement #cashflowstatement #commonsizeincomestatement #comprehensiveincomestatement #financialstatementsofacompany #financialstatements #balanceSheet #bookkeeping #businessbudget #operating #mindset #growthmindset #dreams #accounting #ProfitFirstSupport the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Wizest Trading - The Uber for Finance with Axel ThibonAxel Thibon - Wizest to make personal investing more accessible, engaging, and consistent with today's digital platforms and consumer behavior. Today, people think that investing is complicated and intimidating. What if there was a platform to pair novice investors with financial experts?Axel Thibon, CEO and founder of Wisest, takes us on a journey of understanding his long and winding path to creating a revolutionary long-term investment platform. Axel shares his story of going from finance to founding a startup, discussing the importance of legal regulations, user feedback, and partnerships with banks, companies, and investors. Axel is a passionate and inspiring entrepreneur who offers invaluable insights for anyone wanting to learn more about startup growth and the current investing landscape. Join us for an inspiring episode with the founder of Wisest!Axel Thibon, CEO and Founder of Wisest, shares his pioneering story of creating the long-term investing platform that revolutionizes how people invest. Learn how he went from pitching and raising funds to license and verifying the app on the App Store and Google Play. Axel takes you through the highs and lows of his journey, offering insight and tips on how to succeed as an entrepreneur.Hear from the CEO and founder of Wisest, Axel Thibon, as he recounts his journey from banking to launching an app that helps users invest in portfolios with a minimum risk. Thibon shares his experience in navigating the rollercoaster process of raising funds, building a team, and launching his app on the App Store and Google Play Store. He sheds light on how he contacted over 1200 investors and had more than 600 face-to-face meetings before securing funding. Join Thibon as he discusses his inspiring journey and the importance of investing for everyone, no matter their financial situation.Connect with Axel here https://lnkd.in/eiwWtdMKAnd view the Wizest platform here https://www.wizest.com/.Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Gender Equality, Startups, and Content Marketing with Raj GoodmanRaj Goodman Anand is the founder of Goodman Lantern, a team of native English content writing and software development services that help businesses sell better and grow faster. At Goodman Lantern, we strongly believe in gender equality and women’s economic empowerment. So much so that 80% of our existing team are women.We are on a mission to help increase the number of women working within the tech industry. To help us achieve this, we have aligned ourselves with the UN’s Sustainable Development Goals, particularly goal #5 – Gender Equality.An engineer by profession, he has founded three startups, raised capital, and taken one venture from zero to acquisition. He has had a flourishing career within startups and with large and mid-sized organizations, working on launching startups or new products within them. His built products have given companies an income of over £45m. Raj has also won BusinessWeek’s Europe’s Young Entrepreneur (2007) and was named one of Revolution Magazine’s 50 Most Influential People in Digital (2009). He has spoken at various venues, including the Foreign & Commonwealth Office, British Library, and several universities, including LSE. Raj and his entrepreneurial ventures have had coverage in The Telegraph, Guardian, BusinessWeek, and Observer.Discover more about Raj at https://www.linkedin.com/in/rajanand/ And his website is https://goodmanlantern.com/Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Ron Brooks Jr:When I was young, I certainly did not envision being where I am today. You can probably relate, right?And yet, here I am! Greetings to you! I have an extensive background of high-level, annual Chairman’s Club performance in financial institution consumer/business branch operations, service metrics, community reinvestment, employee engagement, real estate investing, and podcast marketing. As a banker, I specialized in driving household profitability up 15% or greater by leading, coaching, inspiring, and incentivizing front-line sales/service teams to compel customers to utilize more products and services tied to their needs and goals. As President of River City Capital, I have the honor of leading a dynamic internal team with the support of an engaged, knowledgeable board of directors daily in progressing our mission of attracting, leveraging, and deploying loan funding across an array of products that serve as a prime catalyst in the growth and improvement of underserved small businesses in the Memphis, TN area. If you’d like to discuss further how this is accomplished and how you can get involved, reach out to me!I’m active in the community, serving on the Shelby County Health, Education, and Housing board, as VP of the Riverdale School Athletics Board (RAB), the Bigger & Better Business Committee of Tau Iota Sigma (Sigma Memphis), co-facilitator of the Temple Israel Career Transition Group, and more.More about Ron and his team here https://www.rivercitycapital.org/Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Profit First and Financial Education for Small to Mid-sized Business Owners with Rocky LalvaniWatch the full episode here https://youtu.be/0dPvKATgY5wHello folks, welcome to the show. Rocky Lalvani, a well-accomplished consultant, comes from Profit First, and profit first is a little bit of a different system on how you structure your finances to bring profit; we discussed that at length. We talk a lot about financials because you know that’s important to business, as you know. And we discuss the difference between revenue and profit and how they are related, and they don’t always correlate. We discuss many things in the financial statements that are connected and not connected, what they mean, and the benchmarks. I believe this is an excellent introduction to why financials are essential. With his extensive experience in consulting regarding the financial end of things, Rocky loves financials just like I do. I hope you can pull a lot from this. You can find where he is at the end of the episode or the link below; indeed, reach out to him; you will not be disappointed.Thank you so much, Rocky. It was a great episode to learn about what’s happening in the metals and manufacturing industry and others; that is something we all need to consider. Thank you for shining a light on that, Rocky.Find Rocky here https://www.linkedin.com/in/rocky-lalvani/His website https://profitcomesfirst.com/Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Tax Planning and Succession Planning with Douglas L. Hoffman, CPA, PFSDouglas L. Hoffman, CPA, PFS accounting firm https://hegcpas.com/. Reach Doug at 518-523-2581 x304Watch the video episode https://youtu.be/ycUl7ykFZGgDouglas L. Hoffman, CPA, PFS, has 40-plus years of experience in finance with PwC, one of the world's largest accounting firms, and owns four accounting firms in NY state. Doug has been with the firm since January 2007, when his firm, Hoffman CPAs, merged with Dragon Benware & Company, becoming the largest firm in the North Country. He earned a Master of Business Administration from the University of Connecticut and a Bachelor of Science in Accounting from SUNY Plattsburgh. In addition to being a Certified Public Accountant, Doug received the designation of Personal Financial Specialist (PFS) from the American Institute of Certified Public Accountants. Doug works with a wide variety of clients, from small family-owned businesses to high net-worth individuals, with their estate, tax, business, and personal planning, and has done so for more than 35 years. Before starting his CPA firm, he worked for Price Waterhouse & Co. and was the Lake Placid 1980 Olympic Winter Games controller. He also has experience operating thirteen businesses between his wife, three children, and his entities within their family enterprises. Doug is a consultant and principal at American Business Transitions, Inc., an organization dedicated to helping family business owners. He is also a partner in Adirondack Asset Management, LLC, a personal financial planning and investment management firm.Douglas L. Hoffman, CPA, PFS accounting firm https://hegcpas.com/.Doug and I discuss the following in this episode:Entity types – sole proprietor, partnership, corporation, LLCSub-S corporation vs. C corporation.Sole proprietor.Partnerships income allocation, the basis for loss deduction.C Corporation 21% tax bracket, no appreciating assets like real estate.Sub-S corporation advantage for active owners. The basis for loss deduction.Qualified business income deduction – (QBID)Section 179 and bonus depreciation.Vehicle deductions – standard vs. luxury, SUV, and GVWR (loaded) greater than 6,000 pounds. Lease/buy.Retirement plans- Regular and Roth IRA, Simple IRA, 401k, Profit Sharing, Keogh, Regular and Defined Benefit Pension Plans.Succession Planning -Employee Stock Ownership Plans -ESOPTax credits – Employee Retention CreditsM&A – stock vs. asset sale.Allocation of the sale price – buyer vs. sellerNet investment income tax – 3.8% on C-corporation stock sales.Family LLCs for estate planning vs. trust. Gifting – 2026 limits vs. now. Minority, marketability discounts.Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Basics of Blockchain, Cryptocurrency, Defi, NFT, CBDC (Part 1) with Gary MelnykFind Gary here https://www.linkedin.com/in/gary-melnyk-aa79502/Gary and I discuss the basic of Basics of Blockchain, Cryptocurrency, Defi, NFT, and CBDC. Well, it's basic for him, not for me. We cover some of the following in this first part of many of these topics:BlockchainDistributed ledger technologyTrust, proof of ownership, elimination of trusted third parties, i.e., land registry office, banks, securities clearing housesTransfer value as quickly as transferring dataDatabases with No centralized point of data storage, decentralization.Ledgers are maintained by all miners/validators on the networkEvery transaction is confirmed by miners/validators either via POW or POS (there are other validation methods)Once validated, the transactions are placed in a block, and the block is closed. Validation is done via cryptography, hash, nonces,Very difficult (impossible) to change a transaction once validated as all subsequent blocks would need to change as well)Solves the double spend problem (easy to copy/duplicate data)The next evolution of the internet web3(read/write/own/execute) vs web2(read/write)It can be public (bitcoin, Ethereum, Ripple) or private (Hyperledger), or private on top of a public chain (Ethereum enterprise)Public blockchains are permissionless. This means that anyone is free to join and participate in the core activities of the network. All users have equal rights to view and verify the ongoing activities of the Blockchain. This is what provides a public blockchain with its self-governed nature.Private blockchains These are like public blockchains, only they are managed by one central authority. This authority decides who is allowed to participate in the network, verify transactions and maintain the shared ledger. Therefore, these networks are only partially decentralized as public access to these blockchains is restricted.Supply chain management is an excellent example of a private blockchain.For example, in the metals industry, Blockchain can be used at every step, from exploration to mining, extraction of the minerals, transport, smelting, fabrication, to delivery to the end customer. And all required inputs from ancillary services, such as transport and brokering. Clearing customs and all the necessary payments.Smart contractsImmediate settlementCryptocurrencyIt's the fuel that runs the Blockchain; validators are paid in cryptocurrency, and transactions are charged fees to transact on the chain.There are approximately 10,000 cryptocurrencies.Different chains do other things, solve real-world problems such as cross-border payments, and provide a platform to build applications on, such as Defi, NFT issuance, and potentially CBDC.Bitcoin is a store of the value proposition; it's not a smart contract chain; its worth is what someone else is willing to pay. Settled 13 trillion in a transaction in the last year, more than visaEthereum is a smart contract chain that allows the construction of issuance of new tokens, DAO, Defi, and NFTs, settled 6 trillion in transactions. Eth's price is 12.5 times less than Bitcoin's. Other chains include Cardano, Solana,XRP, developed by Ripple Corp, aims to replace the swift banking system for international money transfers and trade finance solutions, allowing FIs to repatriate capital tied up in Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Jeremy's M&A Anti-Course, Deglobalization, COVID and Inflation in Mergers & Acquisitions, Shareholder Activists like Carl Icahn, and Twitter with Jeremy Harbour.Watch the full video here https://youtu.be/87L8Gepz_FcJeremy and I discuss many topics around the current trends happening in financial markets and M&A markets around the world. Like, COVID affects staffing, blue-collar, white-collar, and how labor looks. We talk about what's been happening since COVID and right now. We discuss how company acquisitions can be successful or fail from his extensive expert experience in doing deals himself and his network. We speculate about shareholder activism and the top-heavy corporations of the world like Twitter.Thank you very much for your time Jeremy Harbour; as mentioned, it's an honor to learn from you.GO DO DEAL BOOK here https://www.jeremyharbour.com/books/Also, discover more on Jeremy's website https://www.jeremyharbour.com/Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
Finance & Economics (Part 2) Game Theory and Theory of Mind with Noah HealyNoah discusses game theory and theory of mind in economics and history - In this episode, we're continuing our history of finance and money discussion with Noah Healy. We'll discuss game theory and theory of mind, two critical topics in economics.If you're interested in learning more about economics, listen to this episode! We'll discuss key concepts in game theory and theory of mind and how they play a role in economics. By the end of this part 2, you'll better understand how finance and money work and what factors affect economic decisions.The theory of mind is a way to understand how people think. It's based on the idea that each person has an inner world of thoughts, feelings, and desires that influences their behavior but that they try to keep hidden from others. In game theory, this concept can be applied to situations where multiple players make decisions based on what the other players do. In economics, the theory of mind helps us understand why people make confident choices about saving money or spending it on something fun. It also helps us predict how people will act in different situations depending on their goals. For example, if someone has just lost their job, we expect them to be worried about making ends meet, so they would probably try to save money by cutting back on non-essential expenses. However, if someone just got a raise at work, we would expect them to be excited and want to celebrate by treating themselves. Understanding how people thought at different points can give us clues about what was necessary or not vital to them at that moment in history, depending on when and where we look. For example, if we look at what happened during World War II, many people were worried about being safe from attack because countries were starting to go to war. Still, let's look at what happened during the times leading up to WW2. We see that people were more concerned about political ideologies than anything else because those ideologies were starting to cause disagreements among some countries. This tells us that those ideologies weren't so important because no one wanted a war with their neighbors who shared similar views.Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon
In this episode, Noah Healy, a financial historian, discusses the history of finance and money. Noah provides an overview of the origins of money, how it has changed over time, and the effects of finance on the economy. If you're interested in learning more about the history of money, then watch this video! Noah discusses the origins of money, how it has changed over time, and the effects of finance on the economy. This video is a must-watch for any student or professional interested in finance and economics.Support the showBe a guest https://forms.gle/R18AqDg1E6pv4M2Z7Connect with me at https://linktr.ee/gregwsheldon