Business By The Books with Danielle Hayden

As entrepreneurs, we want to make sure our children have the resources they need to have a strong financial mindset. But how do we inspire that next generation of entrepreneurs and give them the education they need when it comes to money? In this episode, I'm sharing with you how to talk to your kids about money, model a healthy money mindset and motivate your children to take action when it comes to earning and saving money. In this episode I also discuss: Why you should understand your numbers both in your personal life & business 7:11 Showing your kids that it's ok to ask for help 9:20 Why you shouldn't shelter your kids from risk 11:42 Creating an environment where kids can celebrate wins or express concern 15:20 Learning how to earn, spend and save money 16:50 Mentioned in today's episode: Under Pressure: Confronting the Epidemic of Stress and Anxiety in Girls by Lisa Damour EP 85- Recognizing the Five Categories of Emotional Spending 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 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

Nicole Salceda is an interior designer, decorator and the owner of Eye for Pretty, a California design firm that focuses on creating cohesive and inspiring spaces for clients. Nicole is also a client of Kickstart Accounting. Nicole spent 12 years as a teacher before making the leap to business owner and following her passion for interior design. In this episode, Nicole talks about making the transition from teacher to design entrepreneur, managing a large team and how she's been able to improve her cash management and money mindset within her thriving design business. In this episode Nicole and I also discuss: Nicole's mission 3:06 How Nicole made the transition from teacher to entrepreneur 4:25 Money mindset shifts Nicole made when transitioning to business owner 6:02 The importance of flexibility when managing a team 11:38 Cash management for a service based and inventory business 15:46 The importance of creating a team culture 17:34 Connect with Nicole: Instagram | https://www.instagram.com/eyeforpretty/?hl=en Website | https://www.eyeforpretty.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 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

Payroll costs are one major issue I've seen with my clients that can affect service-based entrepreneurs when they are growing their business and trying to expand their profits. In today's episode, I'm talking about payroll costs, how to tell if your payroll costs are too high and what you can do when your payroll starts to eat into your profits. Join me in this episode as I share six specific action steps you can take to reduce your payroll costs, so you can focus on expanding your profits and improving your team. In this episode I also discuss: Finding the balance between serving your team and serving your clients 2:39 Finding the payroll cost in your business 7:04 What it really means to know your numbers 13:21 SOP's and why they're so important 13:42 Improving your team culture 20:12 Episodes mentioned: Episode 67 | https://kickstartaccountinginc.com/ep-67-preparing-for-tax-season-with-1099-contractors/ Episode 46 | https://kickstartaccountinginc.com/ep-46-s-corp-webinar-with-sarah-fox/ 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 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

AJ Schneider is a Financial Freedom Coach and the founder of Beyond the Green Coaching. AJ helps her clients improve their relationship with money, build wealth, get out of debt and become financially free so they can take control of their future. AJ was inspired to start Beyond the Green after pulling herself out of debt and transforming her own money mindset. In this episode, AJ joins me to talk about how you can heal your relationship with money, shift your money mindset and create your dream life without worrying about debt. In this episode AJ and I also discuss: AJ's mission in the world 2:02 AJ's story and how she started Beyond the Green 3:38 Why people struggle with emotional spending 10:15 Identifying your beliefs around money 14:52 The first step to healing your relationship with money 20:36 Being prepared for unexpected changes in life 22:27 Connect with AJ: Instagram | https://www.instagram.com/beyondthegreencoaching/?hl=en Website | https://www.beyondthegreencoaching.com/ Podcast | https://www.beyondthegreencoaching.com/podcast Debt & Savings Bundle | https://www.beyondthegreencoaching.com/debt-and-savings-bundle Use Code KICKSTART34 for 34% off plus one 34 minute 1:1 session 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 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

This week our Operations Coordinator, Victoria, joins me again as I talk about dashboards in your business including why you need one and how you as an entrepreneur can use your dashboard to feel empowered. Join us for this informative episode to learn the details about dashboards and how having one can help you reframe your business and stop being scared of your finances. In this episode Victoria and I also discuss: Why you need a dashboard and what it can do for you | 2:03 How a dashboard can help you standout | 7:14 How you can validate your time and energy with a dashboard | 9:18 Asking "why?" when looking at your dashboard | 18:29 The power of the compounding effect | 39:42 Mentioned in this Episode: EP 85 – Recognizing the 5 Categories of Emotional Spending Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://kickstartaccountinginc.com/framework 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 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

Michael Zipursky is the co-founder and CEO of Consulting Success® where they specialize in helping entrepreneurial consultants grow profitable, scalable and strategic consulting businesses. He is also the author of the Amazon Best Sellers ACT NOW: How successful consultants thrive during chaos and uncertainty, The Elite Consulting Mind and Consulting Success® the book. Today, Michael joins me to share some useful resources and tips for consultants as they grow their business, the importance of having a supportive team and how you can keep your money mindset sharp. In this episode Michael and I also discuss: The importance of having a team to guard your calendar | 11:28 How to always have a pipeline of leads coming in | 22:57 Embracing the mindset that you are unstoppable | 27:49 How Michael keeps his money mindset strong | 35:52 The power of the compounding effect | 39:42 Connect with Michael: LinkedIn | https://www.linkedin.com/in/zipursky/ Website | https://www.consultingsuccess.com/ Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://kickstartaccountinginc.com/framework 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 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

Today, Victoria joins me again in tackling a personal subject. We talk about emotional spending, what it means, and how it presents itself in your personal life, as well as in your business. There are ways to recognize when you may be emotionally spending through looking at your numbers, and learning to recognize when you're doing it is the first step in scaling down on it. In this episode Victoria and I also discuss: Defining emotional spending and what qualifies as emotional spending | 2:30 The five categories of emotional spending | 5:10 How the 48-hour rule can help prevent emotional spending | 15:41 How budgets reduce impulse spending and aid financial decisions | 17:03 How emotional spending includes underspending and how to recognize it | 18:39 Emotional spending in your personal life and its effect | 20:09 Analyzing and tracking your numbers to understand when you're emotionally spending | 25:19 Things mentioned in the episode: Episode 82 – How to Prepare for a Recession or Downturn in Your Business by Taking These Financial Steps | https://kickstartaccountinginc.com/ep-82-how-to-prepare-for-a-recession-or-downturn-in-your-business-by-taking-these-financial-steps/ EXPENSE REPORT WORKSHEET PDF 5 CATEGORIES OF EMOTIONAL SPENDING Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://www.kickstartaccountinginc.com/framework Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct 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

Today, Kelsey joins me to chat about metrics, specifically the three key numbers every business owner should know and track. There are tons of KPIs (key performance indicators) to gauge your business's performance, but sometimes it's best to keep it simple. The three KPIs you absolutely need to know are gross profit, net profit, and average monthly cash output. Listen as we break down these basic metrics and explain why it's important to understand them. In this episode, Kelsey and I also discuss: How to keep your metrics simple and why keeping it simple can be helpful | 1:45 The three numbers you need to know for your business | 4:14 What is gross profit, how to calculate and track it, and what it tells you | 4:43 What is net profit, how to track it, and why it's important | 12:10 What is the average monthly cash output, how to calculate it, and what it can tell you | 16:34 How often you should look at your metrics and analyze the numbers | 21:10 Common mistakes business owners make when looking at their numbers | 23:47 Things mentioned in the episode: Downloadable Worksheet | https://kickstartaccountinginc.com/3numbers Episode 68 – Why You Need a Budget | https://kickstartaccountinginc.com/ep-68-why-you-need-a-budget/ Episode 79 – Forget Goals! Create Intentions and Measure Your Success in these Definitive Ways throughout the Year | https://kickstartaccountinginc.com/ep-79-how-to-get-motivated-this-new-year-without-setting-goals/ Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://www.kickstartaccountinginc.com/framework Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct 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

This week, Victoria joins me in chatting about professional development and how to find the balance between investing in the training we need and overspending on development unnecessarily. We go through the skills you will need in order to find the results and success you are looking for out of that program, course, podcast, or conference. In this episode, we also discuss: What is professional development and how to classify professional development | 2:29 How do you know when you're underspending on professional development | 11:38 How to tell the difference between 'shiny object syndrome' and being ready to commit to a professional development program | 14:10 How to determine if a program or course is right for you | 17:49 What are the skills a person should have to commit to a course or program | 24:00 Things mentioned in the episode: Episode 79 – Forget Goals! Create Intentions and Measure Your Success in these Definitive Ways throughout the Year | https://kickstartaccountinginc.com/ep-79-how-to-get-motivated-this-new-year-without-setting-goals/ Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://www.kickstartaccountinginc.com/framework Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct 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

This week, I tackle the anxiety-producing subject of a recession and talk about ways that you can prepare for a downturn in your business by strengthening your money mindset and taking certain financial actions now. A recession doesn't have to be a looming threat to your business. By taking the steps I discuss today, you can let go of the stress and be ready for any downturn whether it's a recession or simply a slow season. In this episode, Danielle also discusses: What is considered a recession and what happens during a recession | 2:28 The tools you need to strengthen your money mindset for a downturn | 4:50 What financial action steps to take to prepare for a downturn in your business or a recession | 8:55 Options for lines of credit and debt management| 12:35 Should you be doing what other businesses are doing in a recession | 17:00 Need help understanding your numbers? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today! The Finance Framework | https://www.kickstartaccountinginc.com/framework Connect with Danielle: Website | https://www.kickstartaccountinginc.net/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting Twitter | https://twitter.com/KickstartAcct 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