Today’s episode marks the beginning of a compelling multi-part series on the Financial Priority Formula. In this first installment, Shannon unveils a game-changing financial metric: Gross Margin. Inspired by a recent discovery call, Shannon introduces a powerful new framework for financial focus in business. Listeners will learn about the crucial role of Gross Margin in assessing core profitability and get practical tips on how to calculate and leverage this often-overlooked metric. Tune in and prepare to transform your financial strategy, one layer at a time!

What you'll hear in this episode:

02:32 Limit power sessions to savoring one dish.

03:17 Focus on one area at a time.

09:03 Identify profitable offers through in-depth profitability study.

If you like this episode, check out:

What Are the 3 Things You Need to Know Before Buying a Business?

You Don't Actually NEED An Accountant

Why You May Want a C Corp in Your Business Structure

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Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In today's episode, Shannon addresses a timely and critical topic — the upcoming September 15 tax deadline. This episode is especially important for business owners operating as S corporations, multi-member LLCs, or partnerships. Shannon breaks down what you need to know about filing extensions, the significance of paying estimated taxes, and how to effectively prioritize your financial obligations. With quarter three tax estimates also due on the same date, there's plenty of vital information to cover.

What you'll hear in this episode:

06:37 Attention to tax vouchers, read letters carefully.

08:05 Prepare for tax season by asking questions.

If you like this episode, check out:

Think Twice Before Forming a Multi-Owner Business

Moving to a Tax-Free State - Worth it?

A Shortcut to Business Travel Deductions

Want to learn more so you can earn more?

CFO On Demand click here

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In today’s episode, Shannon shares her recent guest appearance on Christine Corcoran’s podcast, "Next Level Life." During the episode, Shannon and Christine dive into crucial topics such as transforming money from a source of fear into a powerful tool for growth, and the importance of utilizing business data for informed decision-making.

Shannon elaborates on essential aspects of cash flow management and stresses the necessity of keeping personal and business finances separate. She also addresses the common fear of commitment, particularly in terms of hiring and scaling a team.

The discussion further explores how to prepare a business for a potential sale, set measurable goals, and maintain a healthy money mindset. Additionally, Shannon offers listeners a free resource bundle filled with tools and templates designed to help start or clean up their business operations.

Listeners are sure to find immense value in Shannon’s insights and practical advice. So, join us as we dive into her enlightening conversation with Christine Corcoran on "Next Level Life."

What you'll hear in this episode:

07:26 Embracing the power of data for health.

12:22 Separate personal and business finances to avoid audits.

14:34 Combining accounts impacts business health and awareness.

19:35 Financial planning: cash flow, expenses, investments, forecasting.

21:23 Women aim to replace old corporate jobs.

24:07 Hiring employees changes perspective, motivates proactive action.

27:56 Contact companies to adjust expenses for cash flow.

29:54 Anxious for second paycheck but remained empowered.

35:29 Open relationship with accountant is key for growth.

37:31 Business success requires focus beyond technical skills.

42:09 Invest in top talent for key roles.

46:21 Good SOPs, strong financials, reduce risk, recurring revenue.

48:20 Train and delegate for business and client success.

If you like this episode, check out:

How to Set Goals and KPIs

Why You Should Tell Your Kids to Study Accounting

How You Know You Need a CFO

Want to learn more so you can earn more?

Transform your small business journey – download the Small Business $tarter Kit here.

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.