Business By The Books with Danielle Hayden

Cathi Nelson is the CEO of The Photo Managers and has a passion for photos and storytelling. She helps small business owners become professional photo managers and also educates consumers on the importance of saving and organizing their photos and videos.   Today, Cathi joins me to talk about her journey as an accidental entrepreneur and how she got her start with her unique business. She’s also chatting about how she’s been able to evolve her money mindset as she’s shifted her business model and increased her revenue streams.  Join Cathi and me in this information-packed episode to learn why it’s so important to have multiple streams of revenue as a female entrepreneur and how you can start diversifying your income today.  Other key takeaways you can expect in today's episode:  How Cathi got started in this unique business 2:00 The importance of knowing who you are as an entrepreneur 8:24  What motivated Cathi to have more than one stream of income 13:21 Changing your mindset to be open to having multiple streams of income 16:58 Why it’s so important to have more than one revenue stream 19:41   Prefer to read this? Check out the blog here   Connect with Cathi:  Visit her website | Visit The Photo Managers FREE DOWNLOAD Connect with Danielle: Follow on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY  

Christa Gurka is a fitness and wellness business coach and an Orthopedic Physical Therapist specializing in Pilates-based rehabilitation. Christa owns, operates, and teaches at Pilates in the Grove, located in South Florida.   In this episode, Christa joins me to share the details on how she grew her business to seven figures and expanded her team while keeping the freedom and flexibility of a healthy work-life balance.    Join us in this episode to learn more about the importance of forming your businesses core values and why improving your mindset can make a big difference in the expansion of your business.    In this episode Christa and I also discuss:    Christa’s mission and how she got started as an entrepreneur 3:11 The turning point in her business 10:35 How to keep your core values front and center in your business 19:06 Finding your non-negotiables 35:01 Joining a mastermind program and why it can be a game changer 42:24   Connect with Christa:    Podcast | https://www.christagurka.com/podcast Website | https://www.christagurka.com/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Get Started:  https://kickstartaccountinginc.com/get-started/   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

Erin Holston Singh, N.D. is the founder of the Ohio Association of Naturopathic Doctors (OHNDA) and has been in private practice since 1999. She had her first brush with natural medicine at 15 years old when her mother developed a perplexing and seemingly incurable health condition. This opened up a fascinating new world full of possibilities and ignited her passion for true healing. In this episode, she’s sharing her journey to establishing her own practice, and giving us an inside look at the money mindset shifts that allowed her to go from zero business experience to growing a million-dollar natural medicine business!   Connect with Erin: Website |  https://www.optionsnaturopathic.com/dr-erin/ Instagram | https://www.instagram.com/optionsnaturopathic   Connect with Danielle: Website | https://kickstartaccountinginc.com/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting/ Twitter | https://twitter.com/KickstartAcct   Things Mentioned in Today's Episode: Schedule a FREE strategy call -https://kickstartaccountinginc.com/book-a-call/ What is your financial health? Take the FREE Quiz Here - https://quiz.tryinteract.com/#/6192948f1ab9670018ebce02

With the right budget, financial planning becomes less stress and more strategy. In this episode, CEO Danielle Hayden shares four essential budget types — one for each Money Mindset Personality Type: free spender, keeper, perfectionist, and balance seeker. Danielle explains how each type can help you allocate funds wisely, boost profitability, and stay committed to a plan that aligns with your business needs and spending habits. Different people need different budgets, so let’s figure out what works best for your business. Tune in now! Don’t know your Money Mindset Type? Click here to take the quiz!   Topics Discussed: Money Personality Type Quiz (2:22) What exactly is a budget? (2:53) Style #1 – Budgeting for Free-Spenders: The Allocation Method  (4:43) Money Mindset Mastery Framework (12:41) Style #2 – Budgeting for Perfectionists: Expense Grading Worksheet (13:52) Style #3 – Budgeting for Keepers: The Back-In Method  (17:55) Style #4 – Budgeting for Balance Seekers: The Traditional Approach (23:16) Understanding which budget style suits you (29:33) Book your budget session with our team (29:55)   Resources: Listen to episode 84: The 3 Numbers Every Business Owner Needs to Know –  https://kickstartaccountinginc.com/ep-84-the-3-numbers-every-business-owner-needs-to-know/ Listen to episode 75: Finding Profitability in your Business –  https://kickstartaccountinginc.com/ep-75-finding-profitability-in-your-business/   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Choosing the right entity can make all the difference in your business success! This crucial decision can be confusing to navigate for business owners at all stages. In this episode, we break down the key differences (and benefits) between LLCs and S Corps. Danielle and Kelsey from KSA Tax Partners explain the responsibilities and tax implications of each entity, including how to pay yourself, manage your books, and stay compliant with IRS guidelines. Tune in to hear their tips on reasonable compensation, putting yourself on payroll, and avoiding common financial mistakes!   Key Takeaways: Discover the key differences between LLCs and S Corps, and how each affects your tax planning, legal responsibilities, and financial health. Get insights into reasonable compensation, owner's draws, and how to stay compliant with IRS guidelines. Find out what to do if your business can’t afford to pay you reasonable compensation. Understand how Kickstart Accounting Inc.'s guidance can help you make informed decisions for your business.   Topics Discussed: Differences between LLCs and S Corps (1:01) How to pay yourself as an LLC (2:10) Paying taxes as an LLC (3:31) S Corp payroll requirements (5:58) Bookkeeping for S Corps (9:15) Reasonable compensation and owner’s draws guidelines (10:36) Kickstart Accounting Inc.’s new S Corp recommendations (14:28) What if you can’t pay yourself reasonable compensation? (16:35) Tax dos and don’ts for S Corps (19:25) How to leverage mid-year check-ins for tax planning (21:38)   Book a call with KSA Tax Partners: http://www.kickstartaccountinginc.com/taxpartners   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Choosing the right retirement plan just got easier! In this episode, Danielle Hayden highlights various retirement options available to business owners and provides insights to help you understand which plan best suits your business. She breaks down the pros and cons of each plan, diving into their tax benefits, contribution limits, and level of administrative work. Whether you’re looking for a low-cost option or plans that don’t require an employer match, this episode covers everything you need to know about retirement planning and picking the perfect plan for your business!   Key Takeaways: Your business structure and financial goals are a key factor in choosing the right retirement plan. Learn the importance of retirement planning and what options are available to small business owners and solopreneurs. Discover which plans offer greater tax benefits, which will attract employees, and which are easier (and cheaper) to manage. Consult with your CPA and financial advisor to make the best retirement decisions for your business and future.   Topics Discussed: Defined benefit plans (1:47) 401k plans (4:47) The Solo 401k plan (9:07) Traditional and Roth IRA plans (11:18) How to pick your ideal plan (13:42)   Resources: Gusto 401K Retirement Plans for Small Business Wellington Retirement Solutions, Inc.   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Want to level up your business without taking on more debt? In this episode, CEO Danielle Hayden introduces three types of grants and explores how business owners can secure free money to fuel growth. She highlights the unique benefits of grants, specifically the Ohio TechCred Grant which she’s leveraged in her own business. Chris Kiec also joins the conversation to share real-world success stories from the TechCred program, showing how it can boost productivity and employee retention. Tune in for actionable tips to do the same for your business.   Key Takeaways: Grants are a valuable resource for business owners looking to expand or optimize operations without taking on debt. Learn the three types of grants and where to find those that align with your business. Understand how grants offer business owners the ability to grow their skills along with their employees. Explore the professional development opportunities available through the Ohio TechCred Grant. Find out if your business is eligible for the Ohio TechCred Grant or similar grants.   Topics Discussed: Advantages of using grants in your business (0:43) Types of grants (1:43) What is the Ohio TechCred Grant? (2:59) Introduction to Chris Kiec and her company (4:23) Eligibility and benefits of the Ohio TechCred Grant (7:37) Training options in the TechCred program (10:37) TechCred Grant programs in other states (16:17) The importance of professional development for business owners (16:55) Real-world applications of TechCred training (20:18)   Resources: Apply for the Ohio TechCred Grant for your business! https://kickstartaccountinginc.com/techcred/   Learn more about Chris Kiec’s firm, Adventures In Automation! https://adventuresinautomation.com/   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

As the kids head into a new school year, it’s time for you to get back into business mode. This episode is packed with strategies to capitalize on slower periods of business, better manage your time, and close out the year with success. Danielle Hayden outlines five steps to help you reflect on your progress, set new goals, manage your time, and create balance between your professional and personal life. Learn how to make intentional decisions that will drive your business forward in the coming months!   Key Takeaways: Discover the five steps you can take to realign your goals and finish the year with intention. Learn strategies to manage your time, prioritize tasks, and create work-life balance. Understand the importance of assessing and adapting to the seasonality of your business. Business owners should evaluate the role that technology plays in supporting or complicating their workflow.   Topics Discussed: Why seasonality in business matters (1:25) Step one: budget assessment (2:39) Step two: setting realistic goals (6:56) Step three: achieving work-life balance (10:20) Step four: team roles and delegation (13:31) Step five: leveraging technology (15:27)   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Bookkeeping is more than just tracking expenses; it's the backbone of any business. In this episode, CEO Danielle Hayden breaks down the fundamentals of bookkeeping for small business owners. She explains why bookkeeping is essential for driving growth, preparing for tax season, making informed financial decisions, and more. Whether you’re doing your own bookkeeping or working with a money team, these insights will help you save money and confidently manage your business financials. Tune in now!   Key Takeaways: Why bookkeeping is essential for small businesses to see the impact of their financial decisions and make changes according to their goals. Discover how this one type of accounting can simplify bookkeeping for your small business. Explore the many ways to leverage bookkeeping, from increasing the value of your business to ensuring IRS compliance. Understand your role as a business owner to review financial reports and communicate with your money team.   Topics Discussed: The definition and role of bookkeeping in business (1:04) Bookkeeping for small versus big businesses (2:09) Cash accounting for small businesses (3:41) Why every business needs bookkeeping (4:43) The importance of bookkeeping for S Corps (10:50) How bookkeeping increases business value (11:25) Business owners’ responsibility to maintain accurate bookkeeping (12:53)   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Unsure what counts as a fixed asset or business expense? Confused about how depreciation works? This episode will help you better understand important financial terms like fixed assets, business expenses and depreciation. Danielle Hayden walks through when to invest in fixed assets or focus on business expenses, how to handle home office expenses, and more. Listen to gain clarity on what all this means for the growth and value of your business!   Key Takeaways: Discover the difference between fixed assets and business expenses, their impact on the balance sheet, and how they contribute to long-term business value. Learn how to manage home office expenses as an S-corp versus an LLC. Understand capitalization and depreciation, including their effect on the balance sheet and the impact of loans. Get guidance on making smart purchase decisions that align with your business goals. It’s crucial to maintain records and consistently communicate with your money team in order to effectively manage your business financials.   Topics Discussed: Fixed assets versus business expenses (1:28) Fixed assets for a brick and mortar versus online business (3:56) Determining when to capitalize assets (4:45)  Depreciation basics (7:16) How loans impact the balance sheet (8:35) Home office business expenses (10:41) The role of assets and expenses in building a valuable business (15:45) Best purchasing practices for small businesses (19:42) Who on your team is responsible for tracking depreciation? (22:30)   Resources: Listen to episode 182: 8 Game-Changing Strategies to Boost Your Business’s Value! https://kickstartaccountinginc.com/8-game-changing-strategies-to-boost-your-businesss-value-ep-182/   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

You deserve to earn more, but actually paying yourself more can be a challenge! In this episode, Danielle Hayden breaks down three strategies to increase profitability, ensuring you can sustain your business and boost your income. She also shares two methods to determine the right amount to pay yourself and explains why it’s important (and sometimes legally required) for business owners to pay themselves. Tune in to learn how to confidently pay yourself more while keeping your business financially healthy!   Key Takeaways: Understanding your dual role as a business owner and operator is crucial for determining how much to pay yourself. Discover three key strategies to boost profits in your business over time. Find out how to accurately calculate your pay using two methods: reasonable compensation and the rule of averages. Get advice on budgeting, paying yourself a fair salary, and why it's important for LLCs to adopt this practice early.   Topics Discussed: The first method of paying yourself: reasonable compensation (1:47) Paying yourself as an LLC versus S Corp (3:08) The second method: the rule of averages (5:15) Why it’s important to create a personal budget (9:31) Three strategies to increase profits (11:33) This week’s homework: 3 steps to start paying yourself more (15:24)   Resources: Download this Kickstart Accounting Inc. worksheet to calculate your pay using the rule of averages! https://kickstartaccountinginc.com/payyourself/   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Are you building a legacy or lifestyle business? Regardless of your vision, creating value should be central to your strategy to maintain a sustainable business. In this episode, you’ll learn how to use your balance sheet to measure and grow the value of your business. CEO Danielle Hayden breaks down the basics of a balance sheet, what business owners do wrong when trying to increase the value of their business, and effective strategies to add value beyond the balance sheet. If you want to sell or create generational wealth through your business, this episode is a must-listen. Tune in now!   Key Takeaways: Understand the role of the balance sheet in evaluating your business's financial health and value, including its components: assets, liabilities, and equity. Identify common mistakes business owners make when growing their business and how to avoid them. Learn key lessons from Jon Warrillow’s book, Built to Sell, and how to apply its framework to create a more valuable and sellable business. Get actionable tips for building a valuable business that supports long-term, sustainable growth.   Topics Discussed: Basics of the balance sheet (2:34) What a healthy balance sheet looks like (4:43) Using the balance sheet to increase your business value (6:07) Strategies to create value beyond the balance sheet (7:54) The importance of recurring revenue (17:53) How to balance the balance sheet with operational efficiency (20:18)   Book a Call with Kickstart Accounting, Inc.: www.kickstartaccountinginc.com/book   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Your books may be full and your revenue may be up, but is your business truly profitable? In this episode, host Danielle Hayden explains how to use your income statement to see what’s really going on in your business. You’ll learn the difference between revenue and profit, strategies to increase profitability, how to avoid common pitfalls of growing a business, and much more. Tune in for tips on balancing productivity and profitability during a season of growth!   Key Takeaways: High productivity does not always equate to high profitability, so it’s essential to review your financials regularly to assess how business growth impacts profitability. Understand the purpose of the income statement and how it can help you balance productivity with profitability as you grow your business. Discover the most important number on the income statement, what healthy percentages look like in a growing business, and why revenue is a misleading metric. Learn what you can do as a business owner to manage expenses without sacrificing productivity or quality of service.   Topics Discussed: Client case study: when productivity doesn’t equal profitability (1:12) Breakdown of the income statement (2:41) The most important number on the income statement (5:33) How business growth impacts profitability (6:15) Using the income statement to assess productivity versus profitability (7:54) Managing costs during a period of growth (11:06) Four tips to balance productivity and profitability (17:48) This week’s homework (19:26)   Resources: Listen to the Business By The Books Podcast Hiring Series! https://kickstartaccountinginc.com/the-ultimate-hiring-strategy-with-kickstart-accounting-inc/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

By understanding your business financials, you can make informed choices that align with your goals. That’s exactly how Carol Cox, CEO of Speaking Your Brand, pivoted from a career in software development to coaching women on public speaking and thought leadership. In this episode, Carol shares how she’s leveraging financial insights to make strategic decisions in her business, from cash flow management to adapting to market changes. We also discuss her decision to keep her team small, the use of AI in business, and more. Tune in for an engaging conversation on strategic decision-making in every season of business!   Key Takeaways: Discover how Carol has adapted to changing economic realities and shifted strategies to maintain the financial health of her business. Understand the pitfalls and benefits of integrating AI in your business. Learn how tracking your financials can help you make informed business decisions and avoid cash flow issues. Hear the importance of balancing profit and purpose in your entrepreneurial journey.   Topics Discussed: Introduction to Carol and her company, Speaking Your Brand (1:28) The biggest financial lesson learned owning and operating three businesses (2:53) Navigating the seasons of business and economic shifts (5:47) Business expense review: marketing, advertising, and software (10:27) Carol’s decision to play a client-facing role in her business (13:58) Balancing payroll expenses with profit (18:03) How AI can help or hurt a business (20:30) Using numbers to assess business performance (22:39) The importance of tracking KPIs and leveraging data in your business (26:41)   Resources: Listen to Danielle’s episode with Carol on her podcast, Speaking Your Brand! https://www.speakingyourbrand.com/integrating-thought-leadership-and-lead-generation-in-your-signature-talk-with-danielle-hayden-case-study-podcast-ep-362/ Take the Speaker Archetype Quiz! https://www.speakingyourbrand.com/quiz/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc   Book a Call with Kickstart Accounting, Inc.:http://kickstartaccountinginc.com/book

Does tax season sneak up on you every year? Consistent communication with your CPA can save you both time and money, and Sarah Quinlan and Kelsey Chester of KSA Tax Partners join CEO Danielle Hayden in this episode to explain how. They discuss the importance of tax prep calls and mid-year check-ins to ensure your business is ready to tackle tax season, capturing all deductions, and complying with IRS guidelines. By the end of this episode, you’ll know how to access your reasonable compensation report, avoid costly tax mistakes, and work effectively with a tax advisor. Tune in now!   Key Takeaways: Learn the KSA Tax Partners framework for strategic tax planning and client engagement. Find out how mid-year check-ins can help you avoid tax liabilities and optimize your financial strategy for the rest of the year. Understand reasonable compensation, how to get your reasonable compensation report, and ensure you meet IRS requirements to maximize tax benefits. Discover your role in preparing your business for tax season and communication with your tax team.   Topics Discussed: The purpose and benefits of tax prep calls (1:12) Why KSA Tax Partners does client return reviews (5:47) Leveraging mid-year check-ins to plan ahead and manage tax liabilities (9:04) What to expect from a mid-year tax check-in call (12:52) The importance of reasonable compensation (15:09) Utilizing the benefits of being an S Corp (17:29) How to be proactive in your business’s tax planning strategy (19:38)   Resources: Learn more about the services at KSA Tax Partners! https://ksataxpartners.com/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Taking a pulse on your business financials now can set you up for success in the latter half of the year, but many business owners are afraid to review their numbers. In this episode, Danielle Hayden helps business owners overcome this fear and view mid-year financial reviews as an opportunity to realign their financial goals and strategies. She speaks with Kickstart Accounting Inc. team members who share how to prepare for mid-year check-ins, what to discuss with your bookkeeper, and how to use this data to adapt your financial strategy and end the year strong.  This discussion provides insights on managing expenses, increasing profitability, and working with a money team to achieve your business goals. Whether you’re on track to meet your goals or uncertain about your progress, tune in to understand how to leverage mid-year check-ins and drive your business forward!   Key Takeaways: Mid-year check-ins are the perfect time for business owners to review financials, assess progress towards annual and quarterly goals, and make any necessary adjustments to their business strategy. Understand the importance of communicating with your bookkeeper, including sharing business updates that are crucial for accurate financial planning. Discover how to overcome the fear of financial reviews and work with your money team to reach business goals. Uncover common mistakes business owners make with their financials and how to avoid them.   Topics Discussed: What bookkeepers need to know from business owners (0:25) Why so many business owners fear mid-year financial reviews (2:32) Questions to ask your bookkeeper (3:34) The benefit of having a money team (5:28) Using the mid-year check in to plan for next year’s goals (8:50) How Kickstart Accounting Inc. creates a collaborative, safe space for clients (10:54) Assessing your yearly goals at the mid-year checkpoint (17:00) Leveraging comparative data: a client success story (18:35) Why business owners should work with a bookkeeper (23:04)   Resources: For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

They say that less is more, so this episode of Business By The Books goes back to basics to help business owners understand their financials. CEO of Kickstart Accounting Inc. Danielle Hayden sits down with Lead Account Manager Kelsey to discuss three important metrics every business owner should know. They break down how to calculate and analyze these fundamental metrics, and how to leverage these metrics to make strategic decisions for your business financials. If you’re overwhelmed by the financial side of your business, this simple approach will bring clarity and confidence to your numbers. Tune in now!   Key Takeaways: Discover the three key numbers every business owner should know, how to calculate them, and what they reveal about the health of your business. Understand how regularly tracking these three metrics will guide you in making informed business decisions and help you identify trends that can boost profitability and sustainability. Learn the common mistakes business owners make when reviewing these metrics and how to avoid them. Get tips on using these numbers to confidently manage cash flow, plan for future growth, and ensure your business’s long-term success.   Topics Discussed: Why simple is better in business (0:38) The three numbers every business owner needs to know (2:58) How to calculate and analyze the first key metric (4:13) Using the second metric to assess profitability (9:59) How to accurately track and leverage the third metric (15:18) The role of business owners in tracking numbers and financial trends (20:07) Common mistakes business owners make when reviewing metrics (22:32) How these three numbers can transform your business (24:01) This week’s homework: Actionable steps to take control of your business (24:40)   Resources: Listen to episode 145: Don’t Set Goals This Year – Do THIS Instead! - https://kickstartaccountinginc.com/dont-set-goals-this-year-do-this-instead-ep-145/ Download the Kickstart Accounting Inc. worksheet to track these numbers in your business: https://kickstartaccountinginc.com/3numbers   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Do you know your Money Mindset Personality Type — are you a free spender, keeper, perfectionist or balance seeker? In this episode, CEO Danielle Hayden helps you identify your type and explains how it influences your business financials. In this episode, you’ll discover the strategy for making sure every dollar in your business has a job, ensuring your spending supports your big goals (and the current season of your business). Danielle also provides tailored advice for each Money Mindset Personality Type, sharing tips on effective budgeting, intentional spending, and more. Tune in for the confidence boost you need to make smart financial decisions in your business! Don’t know your Money Mindset Type? Click here to take the quiz!   Key Takeaways: Discover how determining your Money Mindset Personality Type can guide your financial strategy and business decisions. Learn the strategy behind intentional spending and how to create a budget that fuels your business goals. Find out what steps you can take to adapt your spending strategy based on the season of your business, your personal goals and business objectives.   Topics Discussed: The four Money Mindset Personalities and how to determine your type (1:03) Adapting your spending to the season of your business (3:47) Client case study: aligning spending with business goals (5:00) Creating a budget to give your money a job (8:50) The strategy of spending with intentionality (10:14) Budgeting strategies for each Money Mindset Personality Type (12:01)   Resources: Listen to episode 158: Healthy Spending Habits for Financial Success In Your Business - https://kickstartaccountinginc.com/healthy-spending-habits-for-financial-success-in-your-business-ep-158/ Get the Kickstart Accounting Inc. Budget Template delivered to your inbox: http://kickstartaccountinginc.com/budget Fill out this form to get a personalized Spending Plan: https://kickstartaccountinginc.com/plan   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Things often don’t go as planned in business, but that doesn’t mean you have to abandon your goals. In this episode, Danielle Hayden introduces a strategy to realign objectives and adapt to unexpected changes in your business. She explains how every business can use this approach to evaluate performance throughout the year and set realistic goals that align with the current circumstances of their business. By taking a proactive role and leveraging this strategy, you can make informed decisions that support your business goals (and help you get back on track!) Find out how reassessing goals and applying this major strategy can help you get back in alignment and finish the year on a high note!   Key Takeaways: Find out the strategy that allows you to adjust business objectives and set realistic goals based on new information and market changes. Why it’s crucial to compare actual results to your budget to understand what’s working and what needs to be adjusted in your business strategy. How professional CFO services can help you implement this strategy and stay on track with your financial goals.   Topics Discussed: The purpose of this top strategy (1:31) The importance of adapting to change and resetting business goals (4:13) The role of accountability and leveraging CFO services (5:49) This week’s homework: take steps to plan the rest of the year with intention (9:20)   Resources: Learn more about Kickstart Accounting Inc.’s CFO Services: https://kickstartaccountinginc.com/CFO   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Taxes are stressful for all of us, but especially business owners. So if you’re confused about how much you should be paying in taxes for your business, this episode is for you! Host Danielle Hayden simplifies the process of calculating estimated tax payments, explains why you should be saving more than these estimates, and clarifies the tax obligations of LLCs versus S Corps. You’ll learn how to embrace tax preparation for your business, including setting up a tax savings account and understanding your numbers. Tune in now for expert tax tips!   Key Takeaways: Calculate estimated taxes based on your business's net income from the previous year. Establish a tax reserve to cover potential growth and additional tax liabilities. Use a separate checking account for tax savings to avoid unintentional spending. LLCs and S Corps are taxed differently, so it’s important to understand the tax obligations of your business. The IRS requires S Corp business owners to take reasonable compensation before taking owner's draws.   Topics Discussed: How to calculate your estimated taxes (1:12) Why you need to save more than your estimated taxes (2:30) LLC versus S Corp taxation (4:06) Tax guidelines for owner’s draws (5:07) Your responsibility as a business owner (9:25)   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc