Brews & Business

In this conversation, the hosts discuss the importance of knowing your numbers in business and the role of bookkeeping and accounting in managing finances. They highlight the difference between profit and loss statements and balance sheets, and how understanding both can help with financing and decision-making. They also emphasize the need for business owners to delegate and trust experts in different areas of their business, and the importance of regular communication and financial reviews. The conversation touches on the concept of merit-based pay and incentivizing employees based on performance. The conversation explores the motivations and goals of the participants. They discuss the appeal of performance-based pay, the desire for excellence, and the importance of knowing one's numbers in business. They also touch on the idea of legacy and the desire to build something meaningful. Each participant shares their personal reasons for doing what they do and their visions for the future.


Takeaways

• Knowing your numbers is crucial in business and can help with decision-making and financing.
• Understanding the difference between profit and loss statements and balance sheets is important for accurate financial management.
• Delegating and trusting experts in different areas of your business can lead to better outcomes.
• Regular communication and financial reviews are essential for staying on track and making adjustments.
• Merit-based and performance-based pay can incentivize employees and improve overall performance. Performance-based pay can be attractive for those who strive for excellence and want to be recognized for their achievements.
• Knowing your numbers is crucial in making informed business decisions and ensuring financial success.
• Building a legacy and leaving a lasting impact are important motivations for many entrepreneurs.
• Having a clear vision and setting goals are essential for personal and professional growth.
• Finding fulfillment in work and enjoying the journey are key to long-term success and happiness.

Sound Bites

• "If you don't know your numbers, what's your saying? Isn't it like know your numbers or something like that?"
• "You don't have to be an expert in everything. Find someone who is the expert in that task and figure out how you provide value for them."
• "You have to be able to have someone like Harley and his team. You have to have a good accountant. You have to have someone that's good in HR. You have to have someone that's a good banker that works with your accounting people."
• "I don't need mediocre people on my team. I'm trying to be an all-star team, all-star business."
• "I want to have an all-star company. I want to demand excellence with my team."
• "I realized we're probably 10 years out. It is a trek. I bet you can move faster. We could. We absolutely could."

Chapters

00:00 Introduction and Coffee Blend Advertisement
02:24 Business Growth and Working with Get Better Bookkeeping
08:09 Repetitive Conversations with Clients and the Importance of Knowing Your Numbers
11:47 The Value of Regular Communication and Financial Reviews
23:31 Incentivizing Employees with Merit-Based and Performance-Based Pay
29:29 The Importance of Knowing Your Numbers and Trusting Experts
36:28 Case Study: Incentivizing Employees Based on Performance
42:36 The Appeal of Performance-Based Pay
47:04 The Importance of Knowing Your Numbers
50:12 Building a Legacy and Leaving an Impact
58:27 Setting Goals and Striving for Excellence
01:13:47 Finding Fulfillment and Enjoying the Journey


GET YOUR FRESH BREW
USE “BREWS” FOR 10% OFF YOUR FIRST ORDER


We are thrilled to welcome Gregoron Coffee Roasters as our newest partner. Locally owned and operated out of Owasso, Oklahoma, Gregoron Coffee Roasters is dedicated to providing fresh, made-to-order coffee. Our special B&B blend varies based on available supply, offering a unique variety of coffee beans from around the world.
https://www.gregoroncoffeeroasters.com/store

Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

In this episode of Brews n Biz, the hosts and guests discuss various topics including personal coaching, business growth, and celebrating wins. Mason talks about his pivot in coaching and the importance of alignment and connection with others. He also shares his experience with alcoholism and the journey of self-discovery and growth. Andrew discusses the greatest gift of being a father and the impact it had on his life. The conversation also touches on the importance of wisdom and mentorship in personal and professional development. The conversation explores the importance of self-awareness, self-acceptance, and celebrating wins in personal and professional life. It emphasizes the need to have a strong relationship with oneself and be emotionally regulated to achieve success. The speakers share personal stories and insights on the significance of mindset, perseverance, and taking calculated risks. They discuss the balance between preparation and taking action, highlighting the importance of both in achieving goals. The conversation concludes with an introduction to the official coffee roaster of the Brewers in Business podcast.


Takeaways

• Alignment and connection with oneself and others are crucial for personal and professional growth.
• Celebrating wins, both big and small, is important for acknowledging achievements and fostering a positive mindset.
• Being a father is a profound and transformative experience that brings joy and purpose.
• Wisdom and mentorship play a significant role in personal and professional development.
• Building a healthy relationship with oneself is essential for overall well-being and success. Developing self-awareness and self-acceptance is crucial for personal and professional growth.
• Having a strong relationship with oneself and being emotionally regulated are key to achieving success.
• Balancing preparation and taking action is important in pursuing goals.
• Celebrating wins, no matter how small, is essential for motivation and progress.
• The official coffee roaster of the Brewers in Business podcast is introduced.

Sound Bites

• "The greatest gift another human has given me is being a father."
• "The greatest gift that someone could ever give me was having a mentor that taught me how to build a relationship with myself."
• "The hardest thing I've ever had to do in my entire life. And it's the most rewarding."
• "When you build that relationship with yourself and you're good with you, then you stop putting all this focus on validation from external circumstances."
• "I stuffed a hundred dollar bill in my wallet. And when things are going really good and I'm braggadocious, I'm like, oh, I closed this deal. I made this money. I bought this business. This thing is going great. Look at what's happening in my life."

Chapters
00:00Introduction and Announcements


03:16Mason's Real Estate and Comedy Club Ventures
08:07Andrew's Focus on Personal Coaching and Development
12:35The Importance of Alignment and Connection
27:05The Gift of Fatherhood
30:52The Impact of Wisdom and Mentorship
33:48The Power of Self-Awareness and Self-Acceptance
36:04Building a Strong Relationship with Oneself
45:56The Importance of Celebrating Wins
56:41Balancing Preparation and Action
01:05:29Introducing the Official Coffee Roaster of the Brewers in Business Podcast



Brewing Perfection! Thanks to our coffee roaster sponsor, every cup is a journey of rich flavors and exceptional quality. Sip, savor, and enjoy the best in every roast. 

Get Your Fresh Brew! ☕️
Use code “BREWS” for 10% off your first order.

 Locally owned and operated in Owasso, Oklahoma, Gregoron Coffee Roasters is dedicated to providing fresh, made-to-order coffee.

You can order here ⬇️
https://www.gregoroncoffeeroasters.com/store

Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

In this conversation, Kyle Sullivan and his guests discuss various topics including coffee tasting, business growth, leadership training, and building a strong company culture. They also touch on the importance of effective communication, managing different generations in the workforce, and the role of core values in shaping a company's culture. The conversation concludes with each participant sharing their recent wins and future plans. The conversation covers various topics including personal wins, business updates, charitable organizations, legacy, and struggles. The speakers discuss personal achievements such as starting rentals, buying equipment, and fixing driveways. They also mention business updates like getting insurance and continuing education training. The conversation shifts to charitable organizations, with each speaker sharing their preferred organization to donate money to. They also discuss the importance of leaving a legacy and the struggles they face in balancing work and family life.

Takeaways

• Effective communication and transparency are crucial for building a strong company culture.
• Managing different generations in the workforce requires understanding their unique needs and desires.
• Core values play a significant role in shaping a company's culture and attracting the right employees.
• Business growth often involves hiring new team members and delegating responsibilities.
• Personal and professional development, such as writing a book or exploring new skills, can lead to exciting opportunities.
• Managing credit and finances is important for business owners and can impact the growth and opportunities of the business. Personal wins can include starting new ventures, buying equipment, and completing projects.
• Continuing education and staying up-to-date with industry knowledge is important for professional growth.
• Supporting charitable organizations can make a positive impact on the community.
• Leaving a legacy involves creating meaningful connections and values for future generations.
• Balancing work and family life can be a challenge, but it's important to prioritize both.
• The 30s and 40s are seen as the prime years for men to settle into their lives and provide for their families.
• Success takes time and often involves making sacrifices and facing challenges.
• It is important to set priorities and have open and honest conversations with partners about goals and expectations.
• Luck plays a role in success, but it is also important to be smart and disciplined in creating opportunities.
• Leaders should seek training and development to effectively manage growing teams and avoid feeling overwhelmed.

Chapters
00:00 Introduction and Coffee Tasting
03:08 Building a Strong Company Culture
05:22 Managing Different Generations in the Workforce
07:37 The Role of Core Values in Shaping Company Culture
10:49 Business Growth and Delegating Responsibilities
16:03 Personal and Professional Development
24:10 Personal Wins and Business Updates
28:22 Supporting Charitable Organizations
31:27 Leaving a Lasting Legacy
34:33 The Struggle of Balancing Work and Family Life


Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

In this conversation, the hosts discuss their love for cigars and whiskey. They talk about different types of cigars, the process of making them, and the art of pairing them with whiskey. They also share their personal experiences and the impact of their podcast on their lives and the lives of their listeners. The conversation touches on topics such as faith, relationships, and finding joy in everyday moments. The hosts also mention their respective professions and the challenges they face. Overall, the conversation is a lighthearted and enjoyable exploration of the world of cigars and the importance of connection and positivity. Brews and Business is a podcast that aims to impact as many people as possible by sharing valuable conversations. The hosts, Sean and Justin, have casual conversations while smoking cigars, creating an authentic and entertaining atmosphere. They believe in the power of deep connections and valuable conversations, which is why they often invite guests with different perspectives and expertise. The podcast started in August 2020 and has been committed to producing quality content. They emphasize the importance of being genuine and not editing out imperfections, as it adds to the realism of the podcast. They also discuss the balance between personal and professional life, the significance of titles and respect, and the value of jumping into new experiences and learning along the way.


Takeaways

• Cigars and whiskey are a popular pairing, with different types of cigars and whiskeys offering unique flavors and experiences.
• The process of making cigars involves selecting the right tobacco leaves, rolling them by hand, and allowing them to age.
• Cigars can be paired with a variety of beverages, including whiskey, coffee, and even beer.
• The hosts emphasize the importance of finding joy in everyday moments and surrounding oneself with positive influences.
• The podcast has had a positive impact on the hosts and their listeners, providing a platform for meaningful conversations and connections. Brews and Business aims to impact as many people as possible through valuable conversations.
• The hosts prioritize authenticity and create a casual and entertaining atmosphere by smoking cigars during the podcast.
• They invite guests with different perspectives and expertise to create deeper connections and more valuable conversations.
• The podcast started in August 2020 and has been committed to producing quality content.
• They emphasize the importance of being genuine and not editing out imperfections to maintain the realism of the podcast.
• The hosts discuss the balance between personal and professional life, the significance of titles and respect, and the value of jumping into new experiences and learning along the way.

Sound Bites

• "When it all gets too dark, what helps you find the light?"
• "When a man takes to a pipe, he becomes a philosopher. When a man takes to a cigar, he becomes powerful."
• "Surround your environment with things that make you feel better about yourself."
• "We love tippy time. We love wrestling. We want to be entertained."
• "If there was one other person, able to listen to you and I just value whatever I said or Lou said, they would take that and they go, we need this change rule."
• "We've done a really good job of committing."

Chapters
00:00Introduction and Setting the Scene
02:14Connecting through Social Media
06:01The Art of Pairing Cigars and Whiskey
09:04Resources for Cigar Beginners
11:38Building Connections through Cigars
22:27Starting the Brews and Business Podcast
25:26The Journey of Student Marketing Solutions
28:56The Importance of Finding the Light
36:22Exploring Deep Questions with Cards
41:31Surrounding Yourself with Positivity
44:33Guests and Valuable Conversations
48:50Starting a Podcast
57:29Authenticity and Imperfections
01:06:08Titles and Respect
01:13:25Preparation vs Jumping In
01:19:10Social Media and Reach

GET YOUR FRESH BREW
USE “BREWS” FOR 10% OFF YOUR FIRST ORDER
We are thrilled to welcome Gregoron Coffee Roasters as our newest partner. Locally owned and operated out of Owasso, Oklahoma, Gregoron Coffee Roasters is dedicated to providing fresh, made-to-order coffee. Our special B&B blend varies based on available supply, offering a unique variety of coffee beans from around the world.
https://www.gregoroncoffeeroasters.com/store

Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

Debra Wimpee, the executive director of Soldiers Wish and mayor of Broken Arrow, shares her journey and the impact of Soldiers Wish on the community. She discusses the challenges and rewards of being in a leadership position and the importance of being intentional with time and balancing work and personal life. The conversation also touches on the significance of financial management and managing people effectively. The hosts also introduce a new segment using conversation cards to spark meaningful discussions. Debra Wimpee, the Mayor of Broken Arrow, shares her experiences as a business owner and her involvement with Soldiers Wish. She discusses the importance of giving back and the impact it can have on both individuals and communities. Debra also talks about the challenges she has faced as a single mother and the lessons she has learned. The conversation touches on topics such as expertise, taking risks, and the power of networking. Overall, the discussion highlights the importance of perseverance, growth, and supporting others.


Takeaways

• Soldiers Wish fills the gap in supporting veterans as they transition back to civilian life, assisting with various needs such as medical bills, car repairs, and home maintenance.
• Being intentional with time and balancing work and personal life is crucial for success and maintaining healthy relationships.
• Financial management is important in both personal and professional life, and it is essential to have a clear vision and plan for the future.
• Managing people effectively requires building trust, maintaining open communication, and being responsive to their needs and concerns.
• Using conversation cards can be a powerful tool to stimulate meaningful and honest discussions, fostering connection and understanding. Giving back can make a significant impact on individuals and communities.
• Challenges and hardships can lead to personal and professional growth.
• Expertise is gained through experience and continuous learning.
• Taking risks and stepping out of your comfort zone can lead to new opportunities.
• Networking and building relationships are essential for personal and professional success.
• Perseverance and support from others are key to overcoming challenges and achieving goals.

Sound Bites

• "We do this incredible job of training our men and women to go over and fight for us. But then, they get done and they come home and they are just expected to be the same people they were when they left."
• "Being intentional and going on time, trying to be intentional on time. I'm not doing a very good job about that, but I last year was like, for whatever reason, I just thought I've got to start being more intentional."
• "What are you clear about now that one year ago you didn't know?"
• "Giving back can make an impact as well."
• "The more we created awareness for Soldiers Wish, the more wishes are coming in."
• "As a business owner, sometimes making those decisions is hard."

Chapters

00:00 Introduction and Discussion on Entrepreneurship
01:50 Introducing Debra Wimpee and Soldiers Wish
02:41 Debrah's Background and Journey to Leadership
04:36 Entering Politics and Becoming Mayor
05:58 The Role of Mayor and City Management
06:45 Challenges and Rewards of Being Mayor
08:06 Representing the United States as Mayor
10:19 Day-to-Day Responsibilities as Mayor
12:09 Managing Finances and People
14:53 Soldiers Wish: Supporting Veterans' Transition
21:39 Financial Management and Business Ownership
23:26 Introduction to Conversation Cards
25:23 Discussion on Personal Growth and Learning
27:34 Failures and Successes of the Year
32:56 Reflecting on Failures and Successes
36:13 Planning a Family Reunion and Celebrating Success
37:37 The Power of Giving Back
38:56 Challenges and Growth as a Single Mother
46:20 Expertise: Experience and Continuous Learning
50:22 Taking Risks and Embracing New Opportunities
57:26 The Importance of Networking and Building Relationships
01:04:29 Perseverance and Support: Overcoming Challenges

Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

The conversation covers various topics including personal experiences, business ventures, and the impact of family on decision-making. The hosts discuss the importance of balancing work and family life, the challenges of taking on new ventures, and the value of learning from failures. They also touch on the changing priorities and perspectives that come with becoming a parent and the desire to create a better future for their children. The conversation ends with a discussion about the importance of apologizing to loved ones and cherishing meaningful moments with family members. In this conversation, Silas Brooks discusses the importance of being prepared before diving into a new venture. He shares his experience in real estate and flipping houses, emphasizing the need for establishing relationships with reliable contractors and doing thorough research. The conversation also touches on the value of networking and building connections in the Tulsa community. Silas encourages listeners to follow him on social media and engage with his content.

Takeaways

• Balancing work and family life is a constant challenge, but prioritizing family is essential for long-term happiness and fulfillment.
• Taking on new ventures and risks requires careful consideration of the potential impact on family and personal life.
• Learning from failures and adapting to new circumstances is crucial for personal and professional growth.
• Becoming a parent changes one's perspective and priorities, leading to a greater focus on creating a better future for their children.
• Apologizing to loved ones and cherishing meaningful moments with family members is important for maintaining strong relationships. Being prepared before starting a new venture is crucial for success
• Establishing relationships with reliable contractors and doing thorough research can mitigate risks
• Networking and building connections in the local community can lead to opportunities
• Follow Silas Brooks on social media for more insights and updates

Sound Bites

• "I'm going to grind this thing out so hard for the next 10 years and then I'll be done."
• "I am the richest man alive."
• "Who is the person you'd most like to say sorry to but haven't?"
• "The harder you work, the luckier you get"
• "All I have to do is know who to call"
• "I don't regret anything, I just think it has to work out"

Chapters

00:00Introduction and Personal Experiences
19:28The Impact of Family on Decision-Making
27:11Changing Priorities and Perspectives
37:02Reflecting on Past Regrets
10:35The Importance of Being Prepared in Real Estate and Flipping Houses
38:29Navigating the Challenges of Entrepreneurship
52:27Learning from Failures and Gaining Wisdom through Experience
01:09:23Conclusion and Call to Action

Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

The conversation with Abe Cruz covers his journey from being in prison to becoming a successful entrepreneur and author. He shares how hitting rock bottom and going through pain and suffering led him to have a life-changing moment and turn his life around. Abe talks about his book, Forever Faith, and how it tells the story of his transformation. He also discusses his sports apparel brand, Forever Faith, and his vision for the future. The conversation touches on themes of faith, resilience, and the power of belief in oneself. The conversation covers topics such as starting a business with limited resources, the importance of taking action, the journey of entrepreneurship, the value of wisdom and experience, the role of luck and smart decision-making, the influence of culture and perception, the need for mentorship and leadership, and the importance of teaching entrepreneurship to the youth.

Keywords

prison, transformation, entrepreneur, author, rock bottom, pain and suffering, faith, sports apparel, vision, starting a business, limited resources, taking action, entrepreneurship journey, wisdom, experience, luck, smart decision-making, culture, perception, mentorship, leadership, teaching entrepreneurship, youth

Takeaways

• Hitting rock bottom and going through pain and suffering can lead to a life-changing moment and a desire for change.
• Believing in oneself and having faith can help overcome challenges and achieve success.
• Having a clear vision and taking action towards it can lead to opportunities and growth.
• Resilience and determination are key qualities in overcoming obstacles and achieving goals. Starting a business with limited resources is possible with determination and the willingness to take action.
• The journey of entrepreneurship is filled with mistakes, failures, and learning experiences.
• Wisdom is gained through experience and trial and error.
• Luck and smart decision-making both play a role in success.
• Culture and perception can influence our decision-making and priorities.
• Mentorship and leadership are important for personal and professional growth.
• Teaching entrepreneurship to the youth can empower them and set them up for success in the future.

Chapters

00:00Introduction and Initial Misconceptions
06:24Abe Cruz's Journey from Prison to Entrepreneurship
13:06The Creation of Forever Faith and its Expansion
35:00Believing in Oneself and Pursuing Dreams
41:36Starting a Clothing Line and Finding Support
48:03The Journey of Entrepreneurship
01:02:13Teaching Entrepreneurship to the Youth


Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

Summary In this conversation, John Buchanan and the hosts of Whiskey Business discuss various topics related to whiskey, including tasting, pairing, and the whiskey industry. They also talk about their own experiences with whiskey and the importance of enjoying it responsibly. The conversation covers a range of whiskies, from smoky and peaty to sweet and butterscotch-like. John Buchanan shares his expertise and knowledge about whiskey, including the history and terminology associated with it. The hosts also discuss their own businesses and personal lives, creating a relaxed and enjoyable atmosphere. The conversation covers various topics including business efficiency, personal priorities, management moves, fear of not starting soon enough, and whiskey tasting. In this conversation, John Buchanan discusses various topics related to business, entrepreneurship, and whiskey. He talks about the financial challenges of running a business and the importance of making a profit. The conversation also touches on the classification of small businesses and the different revenue thresholds. They explore the concept of taking on additional responsibilities in a small business and the dedication required. The conversation concludes with a discussion about the experience of drinking whiskey and the ability to craft an experience with it.


Takeaways

• Whiskey should be enjoyed responsibly and not abused
• Tasting whiskey is a process that involves appreciating the different flavors and notes
• Whiskey can be paired with different foods and desserts, enhancing the overall experience
• The whiskey industry has a strong market and demand, with some bottles becoming rare and valuable
• Building a collection of whiskies allows for different tasting experiences and pairings
• Whiskey can be used to make extracts and enhance the flavors of other foods and drinks Businesses can run efficiently even with a later start time, allowing for more personal time and family priorities.
• Making management moves and taking risks can lead to positive changes in the business and employee satisfaction.
• The fear of not starting soon enough can be a common concern, but it's important to focus on the present and make the best decisions moving forward.
• Blended whiskies like Buchanan's offer consistency and are great for beginners and mixing with other flavors.
• Debt-to-income ratios have significantly increased over the years, highlighting the need for financial education and responsible spending. Running a business can be financially challenging, and it is important to focus on making a profit.
• The classification of small businesses is based on revenue thresholds, and the majority of the United States is supported by small businesses.
• In a small business, employees often take on additional responsibilities and contribute to various aspects of the business.
• Whiskey can be enjoyed as an experience and can be used to craft a specific experience.
• Collaborating with non-profit organizations can be a meaningful way to support and give back to the community.

Titles

• Exploring the World of Whiskey Tasting
• Pairing Whiskey with Life: And Whiskey's Mission The Rise of Debt-to-Income Ratios
• The Fear of Not Starting Soon Enough Crafting an Experience with Whiskey
• Understanding the Classification of Small Businesses

Sound Bites

• "You did something to me. Oh, I'm gone."
• "This is phenomenal. This is amazing."
• "Whiskey is like an old friend."
• "Things are good. We got our businesses running really quite efficiently."
• "Man, you gotta take a step back. It's okay. Like the business is still running, bills are still getting paid, everything is good."
• "We've made some management moves and everybody's really, man."
• "The money in the money out you have a flux of income and the same or less outcome."
• "If you can't make six figures, that's so easy to run through six figures."
• "Majority of the United States is backboneed by small business."

Chapters


00:00Setting up the Recording Equipment
05:10Introducing the Guest and Discussing the New Studio
09:14Discussing the Brews and Business Studio and John's New Office
14:42Appreciating and Describing Whiskey Tastings
27:22Catch-Up and Final Thoughts
38:25The Fear of Not Starting Soon Enough
50:39Exploring the World of Blended Whiskies
56:53The Rise of Debt-to-Income Ratios
01:07:27Taking on Additional Responsibilities in a Small Business
01:14:02Crafting an Experience with Whiskey
01:17:57Supporting Non-Profit Organizations through Collaboration
AI show notes are experimental. Did you find them useful?


Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

Summary: 
The conversation covers various topics related to entrepreneurship, business strategy, and personal finance. The guest shares his experiences starting multiple companies and exploring different industries. The importance of building relationships in business is emphasized, highlighting the role of trust and communication. The fallacy of separating personal and business matters is discussed, emphasizing the interconnectedness of the two. The guest also shares insights on the challenges and rewards of entrepreneurship, including the importance of financial freedom and the benefits of downsizing. The conversation concludes with a discussion on taxes and the importance of understanding tax strategies in business. This conversation explores various misconceptions and realities about taxes and business. It emphasizes the importance of understanding tax laws and the complexity of accounting. The concept of contribution margin and its significance in business operations is discussed. The profit-first model is examined, highlighting its limitations. The value of building relationships and the role they play in business success is emphasized. The conversation concludes with a discussion on the importance of work ethic, integrity, and making hard decisions in business.
Takeaways

• Building relationships is crucial in business as it fosters trust and long-term partnerships.
• The separation of personal and business matters is a fallacy; personal relationships and values greatly impact business decisions.
• Financial freedom is a goal for many entrepreneurs, allowing them to focus on their passions and make strategic business decisions.
• Understanding tax strategies and utilizing them effectively can have a significant impact on business profitability.
• The game of entrepreneurship involves taking risks, learning from failures, and continuously adapting to new challenges. Not all tax write-offs and strategies apply to every business or individual. It is important to understand the specific circumstances and consult with a professional.
• Major corporations often manage their finances in a way that minimizes profit for the business entity, but still compensates employees and pays taxes.
• Tax laws and regulations are complex and constantly changing. It is crucial to stay updated and consult with experts to ensure compliance.
• Accounting serves different purposes, including tax accounting and managerial accounting. Understanding the difference can help businesses make informed decisions.
• Building strong relationships and treating people well is essential for long-term business success.
• Starting a business requires hard work, perseverance, and the ability to take calculated risks.

Chapters
00:00Introduction and Feedback
02:53Starting Vertices and Exploring Different Industries
08:05The Importance of Relationships in Business
12:09The Fallacy of 'Just Business'
26:00The Importance of Financial Freedom and Downsizing
30:03The Game of Taxes and Exit Strategies
35:46Understanding Taxes and Business Strategy
38:11Misconceptions about Taxes and Business
39:09The Reality of Paying Taxes as a Small Business Owner
40:08Understanding C Corporations and Taxes
41:06The Complexity of Tax Laws and Loopholes
42:33Differentiating Between Expenses and Revenue
44:01The Importance of Contribution Margin in Business Operations
44:58The Profit First Model and its Limitations
46:19Managing Different Accounts for Savings and Taxes
47:46The Complexity of Accounting and the Cost of Adding Accounts
49:29The Importance of Regular Communication with an Accountant
52:01The Value of Building Relationships in Business
53:22The Dangers of Taking Profit First
54:43The Decision to Start a Business
55:29The Importance of Building Relationships
56:42Starting a Business with Minimal Resources
58:07The Role of Relationships in Business Success
59:43The Value of Hard Work and Building Relationships
01:03:05The Importance of Work Ethic and Integrity
01:06:13The Significance of Early Habits and Characteristics
01:09:17The Importance of Making Hard Decisions in Business



Show Notes:
The conversation covers various topics related to entrepreneurship, business strategy, and personal finance. The guest shares his experiences starting multiple companies and exploring different industries. The importance of building relationships in business is emphasized, highlighting the role of trust and communication. The fallacy of separating personal and business matters is discussed, emphasizing the interconnectedness of the two. The guest also shares insights on the challenges and rewards of entrepreneurship, including the importance of financial freedom and the benefits of downsizing. The conversation concludes with a discussion on taxes and the importance of understanding tax strategies in business. This conversation explores various misconceptions and realities about taxes and business. It emphasizes the importance of understanding tax laws and the complexity of accounting. The concept of contribution margin and its significance in business operations is discussed. The profit-first model is examined, highlighting its limitations. The value of building relationships and the role they play in business success is emphasized. The conversation concludes with a discussion on the importance of work ethic, integrity, and making hard decisions in business.




Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.

In this conversation, Dr. John Paul Meisner discusses his journey as a chiropractor and entrepreneur. He shares the challenges of starting a chiropractic practice and the importance of learning business skills. Dr. Meisner emphasizes the balance between pricing and value in chiropractic care and the need to promote wellness and preventative care. He also discusses the challenges of building referral streams and networking. Dr. Meisner highlights the importance of taking breaks and managing time as an entrepreneur. He shares insights into the psychology of business owners and the challenges of Brews and business. Overall, the conversation explores the personal and professional growth of an entrepreneur in the healthcare industry. The conversation covers topics such as the frustration of not living as an entrepreneur, the importance of consistency and taking action, surrounding yourself with the right people, creating your opportunities, balancing work and personal life, finding harmony in life, the importance of networking, figuring out your audience, the challenges of networking, and promoting Brews and business merchandise.


Takeaways:

• Starting a chiropractic practice requires learning business skills and adapting to the challenges of entrepreneurship.
• Balancing pricing and value is crucial in promoting chiropractic care and wellness.
• Building referral streams and networking is essential for business growth.
• Taking breaks and managing time effectively are important for personal and professional well-being.
• Understanding the psychology of business owners and the challenges of Brews and business can lead to success. Take action and be consistent in your entrepreneurial journey.
• Surround yourself with the right people who can support and inspire you.
• Create your opportunities and be resourceful.
• Find harmony in balancing work and personal life.
• Networking is important but can be challenging.
• Figure out your target audience and where to find them.

Chapters:


00:00 Introduction
00:39 Starting a Chiropractic Practice
03:18 Working as an Associate and Opening Own Practice
04:34 Learning Business Skills as an Entrepreneur
08:49 Balancing Pricing and Value in Chiropractic Care
10:42 The Challenges of Being an Entrepreneur
13:31 Promoting Chiropractic Care and Wellness
17:17 Building Referral Streams and Networking
20:14 Taking Breaks and Managing Time
25:43 The Psychology of Business Owners
27:26 The Importance of Referrals
29:46 Taking a Leap of Faith and Balancing Work and Personal Life
33:49 Building a Brand and Nurturing a Business
38:23 The Challenges of Brews and Business
40:34 Making Changes for Personal and Business Growth
41:38 The Frustration of Not Living as an Entrepreneur
43:04 The Importance of Consistency and Taking Action
44:19 Surrounding Yourself with the Right People
45:14 Creating Your Opportunities
46:12 Balancing Work and Personal Life
47:19 Finding Harmony in Life
48:17 The Importance of Networking
49:32 Figuring Out Your Audience
52:59 The Challenges of Networking
55:36 Promoting Brews and business Merchandise
57:45 Shoutout to Back to Play Chiropractic


Become a supporter of this podcast: https://www.spreaker.com/podcast/brews-business--5630487/support.