Cash Flow Show

In this episode, Scott and Nikole discuss the emergence and benefits of neobanks for small business owners. They cover the advantages of using these 100% online platforms, the differences between neobanks and traditional banks, and the potential risks involved.

Whether you're frustrated with traditional banks or looking to better manage your extra cash, this episode is packed with valuable insights on leveraging neobanks for your business.

Chapters:

0:00 Introduction 

00:59 Episode Overview 

02:24 Benefits of Neobanks 

05:18 Using Neobanks for Business 

05:50 Popular Neobank Options

10:49 Risks and Considerations 

15:45 Conclusion

📣 Shout Outs:

Relay, Brex, Chime, Novo, North One, and Mercury

⬇️Videos Referenced⬇️

Episode 20 - What if you have TOO MUCH Cash? 6 Ways to Use Excess Cash

[https://youtu.be/-YugsUx96Tc]

🔗 Connect With Us On Linkedin! 🔗

Nikole Mackenzie

📎 https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

📎 https://momentumaccounting.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Padgett NC

📎 https://www.padgettnc.com

Accounting High

📎 https://www.linkedin.com/company/accounting-high/
📎 https://www.accountinghigh.com/

Join hosts Nikole Mackenzie and Scotty 'OKR' Scarano on the Cash Flow Show as they dive into crucial strategies for managing cash flow crises. Explore short-term and long-term options and discover actionable insights to help turn your business around and ensure long-term financial stability.

Chapters:

0:00 Teaser 

00:51 Introduction 

01:10 Meet Your Hosts: Scott and Nikole 

01:47 Addressing Cash Flow Issues 

02:51 Immediate Actions to Take 

04:54 Short-Term Financing Options 

10:55 Preventative Measures for Future Stability 

13:03 Conclusion and Call to Action

⬇️Videos Referenced⬇️

20 - What if you have TOO MUCH Cash?! 6 Ways to Use Excess Cash

https://youtu.be/-YugsUx96Tc

https://open.spotify.com/episode/4hTP8dqIHUzcy4KQNXvdpA?si=_qaQRRkTScOObZ-294tqLQ

https://anchor.fm/s/f1ac9f30/podcast/play/88226171/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-5-19%2F381121805-44100-2-bc65d60d60c48.mp3

🔗 Connect With Us On Linkedin! 🔗

Nikole Mackenzie

📎 https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

📎 https://momentumaccounting.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Padgett NC

📎 https://www.padgettnc.com

Accounting High

📎 https://www.linkedin.com/company/accounting-high/
📎 https://www.accountinghigh.com/

Scotty and Nikole discuss smart strategies for managing excess cash in your business. From saving and paying off debt to investing in your business, personal investments, and even philanthropic efforts, they cover six effective ways to use your surplus cash.

Chapters:

0:00 Teaser

01:28 Hosts' Banter and Episode Milestone 

02:15 Managing Excess Cash: Six Smart Strategies 

03:08 How Much is Too Much Cash? 

06:56 Personal Investment Options 

09:02 Venture Capital Investments and Hard Money Lending 

10:40 Investing Back into Your Business 

12:32 Real Estate Investment Strategies 

17:55 Philanthropy and Giving Back 

21:15 Conclusion and Call to Action

📣 Shout Outs: Acuity Cares

🔗 Connect With Us On Linkedin! 🔗

Nikole Mackenzie

📎 https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

📎 https://momentumaccounting.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Padgett NC

📎 https://www.padgettnc.com

Accounting High

📎 https://www.linkedin.com/company/accounting-high/

📎 https://www.accountinghigh.com/

Join hosts Nikole Mackenzie and Scotty 'OKR' Scarano on episode 19 of the Cash Flow Show as they dive deep into the intricacies of pricing strategies. This episode focuses on setting a 'walkaway price' to ensure your business remains profitable. Learn how to determine your lowest acceptable rate, understand the impact of costs and business models on pricing, and explore various tactics to maintain high margins. Whether you're a small business owner or a seasoned professional, this episode is packed with valuable insights to help you manage your bottom line effectively.

Chapters:

00:00 Teaser

⬇️Episodes Referenced⬇️

Episode 1: COGS - Don't Grow a Crappy Business

📎 https://open.spotify.com/episode/3fBQCkO0yJTYmD7On9AJz4?si=3bfce2eb862c4ee3

🔗 Connect With Us On Linkedin! 🔗

Nikole Mackenzie

📎 https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

📎 https://momentumaccounting.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Padgett NC

📎 https://www.padgettnc.com

Accounting High

📎 https://www.linkedin.com/company/accounting-high/

📎 https://www.accountinghigh.com/

In this episode, Nikole Mackenzie and Scotty 'OKR' Scarano dive into pricing strategies for service-based businesses. They explore the pros and cons of various pricing models, from time-based and fixed fee pricing to subscription and value-based pricing. Through engaging anecdotes and real-life examples, they shed light on the importance of understanding the market, setting a foundational price, and the psychological impact of price perception.

Whether you're a small business owner or a seasoned entrepreneur, this episode offers valuable insights into optimizing your pricing strategy for better financial outcomes.

Chapters:

00:00 Introduction

02:46 Cleaning Scott's Air Vents

11:52 The Four Pricing Models for Professional Services

13:19 Hourly Billing

16:02 Fixed Fee Pricing

21:16 Discounts

25:15 Loyalty Programs

27:21 Pricing to Your Ideal Clients

29:36 Value Pricing

31:51 Nikole's Mattresses

38:36 Dynamic Value Pricing

39:08 Performance Based Pricing

40:33 Mixing Strategies and Adapting to the Market

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Padgett NC

https://www.padgettnc.com

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/

Nikole Mackenzie and Scotty 'OKR' Scarano dive deep into what every business owner needs to know about preparing to sell their business. They cover the foundational steps to not only making your business more attractive to prospective buyers but also ensuring you maximize its value. From the importance of having clean and accurate financial statements to avoiding common pitfalls that can diminish your business's worth, Nikole and Scotty share invaluable advice, stories, and tips gleaned from their extensive experience.

Whether you're thinking about selling in the near future or just want to build a more robust, sale-ready business, this episode is packed with insights that can't be missed.

Chapters:

00:00 Teaser

01:46 Introduction

05:19 Customer Concentration

07:42 Quality of Earnings  

10:29 Work with an Advisor

15:02 Getting Your Financials in Order

17:40 Matching Your Books and Taxes

23:27 Other Book Issues

27:57 State and Local Tax Compliance

31:34 Bad Tax Write Offs

34:49 Conclusion 

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Padgett NC

https://www.padgettnc.com

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/

Do you know what to do when profit is too low? What about if it’s too high? Learn how to identify cash flow issues, fix them and better implement the 50-30-20 Rule to guarantee 20% profit from your business with Nikole Mackenzie and Scotty 'OKR' Scarano on the Cash Flow Show!

Chapters:

0:00 Teaser

01:27 Introduction

03:42 COGS Recap

08:06 Example Service Based Business

11:03 Partnership Example

15:06 Profit too low

18:34 Profit is too High

20:05 Fix 1: Price Increase

22:27 Fix 2: Reduce Costs

24:53 Fix 3: Deliver Faster

27:19 Fix 4: Do More with Less

29:21 Overhead is Too High

35:22 Conclusion

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Padgett NC

https://www.padgettnc.com

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/

Don't miss this episode of the Cash Flow Show, where Nikole Mackenzie and Scotty 'OKR' Scarano equip you with the knowledge to identify signs that may indicate the need for a controller, paving the way for improved financial health and success.

Chapters:

00:00 Teaser

01:44 Introduction

03:11 What's a Controller?

06:18 First Sign

08:39 Sign 2

09:51 Cash Flow Sheet

10:53 Sign 3

14:45 Sign 4

17:01 Sign 5

19:36 Sign 6

21:21 Sign 7

24:00 Benefits of a Controller

28:54 Recap

Shout Outs:

Kenji Kuramoto, Bill.com

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/

Join hosts Nikole Mackenzie and Scotty 'OKR' Scarano in this episode of the Cash Flow Show as they help you know if you can afford to hire a new employee as a follow up from the previous episode where they helped you find out who to hire.

Chapters:

00:00 Teaser

01:56 Introduction

02:40 Understanding the True Cost of Hiring

05:22 Hiring for a Service Not Yet Provided

08:58 Hiring for an Existing Service Provided

10:47 Gathering Your Finances for Hiring

11:50 Hiring Pipeline

14:42 Impact of Hiring on Profit

20:08 Administrative Tasks

21:42 Hiring Admin Staff

25:05 Automating Admin Tasks

28:56 Strategies to Protect Yourself When Hiring

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/

Join hosts Nikole Mackenzie and Scotty 'OKR' Scarano on the Cash Flow Show for an enlightening episode on strategic hiring and team building. Nikole and Scotty guide you through the process of identifying your need to hire, offering insights into recognizing the signs that indicate growth and expansion and the accountability chart. If you are thinking about hiring more staff, this is the episode for you!

Chapters:

01:45 Introduction

04:01 Identifying Your Need to Hire

08:22 Accountability Chart

15:30 COO and CEO

26:14 When You Might Need Subcontractors, Outsourcing, Offshoring

28:14 When to Hire

29:55 Conclusion

Shout Outs: Freshbooks, Kenji Kuramoto, Matthew May

Connect With Us On Linkedin!

Nikole Mackenzie

https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

https://momentumaccounting.com/

Scotty OKR Scarano

https://www.linkedin.com/in/scottscarano/

Accounting High

https://www.linkedin.com/company/accounting-high/

https://www.accountinghigh.com/