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Are you quick to say phrases like, "I won't," "I can't," or "I shouldn't?" If so, that's a good sign that you're tapping into a limiting belief.

We all have limiting beliefs as a result of our past experiences, family backgrounds, and spiritual or socioeconomic backgrounds. Oftentimes, these beliefs were instilled in us in childhood and we carried them with us as we got older.

In this episode, we talk about identifying and overcoming limiting beliefs because that is what will set you free. This is a very powerful conversation to have because a lot of us are stuck in prisons we don't even know we're creating. The key to getting out of your prison is identifying your limiting beliefs.

You can overcome your limiting beliefs by retraining and rewiring your brain. Growth and freedom start in your mind. Ultimately, it's all about the power of the mind and what you choose to believe. That means you must unlearn what you think you know.

This is one of the most powerful things that you can personally work on to make sure that your 2021 closes strong and that you're setting yourself up for success in 2022!

In this episode, you will hear:

• What limiting beliefs are

• Instances where limiting beliefs show up

• Tips for overcoming limiting beliefs

• Signs you're tapping into a limiting belief

• How to turn your limiting beliefs into liberating truths

• An example of a negative money mindset

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

Do you feel like you're a square peg in a round hole as an entrepreneur?

Many times, we think we have to get it all figured out right away. Then, we think we have to stay exactly the same as who we were the day we started. If our business doesn't look like it was supposed to look when we set out to start it, we view that as a failure.

In today's episode, Katie Chase shares how her entrepreneurial journey revealed to her where her strength truly lies. Just because you start somewhere doesn't mean that's where you have to end. It's not a failure if you eventually realize that the business you've been building is not the business you should be working in. If you, too, feel that way in your business, then it's probably time to do a heart check and let Katie's story inspire you.

In this episode, you will hear:

• Katie's origin story from motherhood to entrepreneurship.

• Her entrepreneurial journey and what she discovered along the way.

• Katie's financial journey and her ProfitHero experience.

• Why make a financial investment in yourself and your business?

• Her role now as an Integrator.

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

RocketFuel by Gino Wickman + Mark Winters: https://amzn.to/3kbwdCA

Traction by Gino Wickman: https://amzn.to/3dwejaS

Bobby Klinck's podcast: https://bobbyklinck.com/podcasts/

Episode 36: Visionary and Integrator 411 Gift Exchange: https://www.thebottomlinecpa.com/036-visionary-and-integrator-411-gift-exchange/

Episode 47: Online Legal Basics with Bobby Klinck: https://www.thebottomlinecpa.com/047-online-legal-basics-with-bobby-klinck/

Kolbe Instinctive Strengths Assessment: https://www.kolbe.com/kolbe-a-index/

Xero Accounting Software: https://www.xero.com

Gusto Payroll: https://gusto.com/

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

What's the cost of protection worth to you? If you're a growing business, and you're involving people in it – even if it's just you and five others in your team, or whether it's virtual or physical – there are a lot of things to navigate around the HR world.

Today, Tameaka Shelton of Employ and Relate helps us break down some HR basics that you need to get covered so you can bulletproof yourself and your business in the event of an audit.

In fact, this is a foundational thing that small businesses should do when dealing with a virtual team because what you don't know could cost you a lot of money. Therefore, you have the responsibility as a business owner to be as compliant as possible to lessen the risks and keep your hard-earned money.

In this episode, you will hear:

• Why HR compliance is critical even as a small business

• How to classify your staff: 1099 vs. W2

• Distinguishing exempt vs. non-exempt and salaried vs. hourly

• Creating an employee handbook

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

https://employandrelate.com/

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

The health of your accounting and your book starts with the health of your chart of accounts, which is basically an accounting terminology that refers to a list of categories including income, expenses, and liabilities.

If your business is extremely consistent in how it's spending money, what it spends money on, and how it receives money, then you can make sound decisions over the course of 90 days. This is data coming out of the accounting system that you can trust. You need to be able to produce quality data because without excellent data and you don't have the facts you need, you can't make the best profit decisions.

At the end of the day, your chart of accounts is something you should absolutely know and understand. In fact, it should be a great training tool you can introduce to your team. It should also be a tool for communication between you and your accountant, your tax pro, or whoever is involved in your finances. S don't underestimate the power of a great chart of accounts.

In this episode, we dive into the 10 common bookkeeping mistakes you should know and understand as an entrepreneur. This is an important and relevant topic, even if you don't like bookkeeping because it will give you insights into what you should be paying attention to when laying the foundation in your business in terms of your bookkeeping and your accounting.

In this episode, you will hear:

• Paying attention to income and documenting all sources of income

• Process fees and third-party seller fees

• Payroll and payroll tax

• Understanding the different wages related to payroll

• Understanding your income or sales tax

• Factoring in the benefits

• The owner's draw

• Treating cashback rewards in two ways

• Reporting your refunds properly

• Sales as a refund vs. refund in terms of expenses

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Gusto Payroll

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

The accountable plan is a policy within your company or your entity, which outlines how you reimburse yourself as an owner, employee, or shareholder-employee. And if you have team members within your business, the accountable plan is a good policy for them to get reimbursed for expenses as well.

One of the ways you get compensated for your business is wages, distributions, and expenses. And so, you've got to know which for what and an accountable plan is a great way to get reimbursed for those expenses. But first, let's differentiate home office reimbursements from home office deductions. Yep! Those two are not the same.

The home office deduction is for the Schedule C filer, which is the sole proprietor or the single member LLC. The home office reimbursement, on the other hand, is a potential tax strategy that a corporation or partnership can use in their accountable plan. Specifically, the home office reimbursement is an expense report to reimburse the employee of a corporation or a partnership when using their home for business purposes.

Now, there's a process to determine accountable plan reimbursements for your home office. In this episode, we're going to walk you through what the process would look like when it comes to handling everything.

In this episode, you will hear:

• What is an accountable plan?

• Understanding the annual operating costs of the home

• Owning a home vs. renting a home

• Can home renovation costs be included in your reimbursement?

• Calibrating your real cost vs. budgeted cost

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Episode 095: Using An Accountable Plan To Create Tax-Free Reimbursements

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

If you're a small business owner with employees and you still don't have an accountable plan, then now is the time to start thinking about it. In this episode, we're diving into using an accountable plan to create tax-free reimbursements – in a legal way.

Every decision is a profit decision, and profit is measured in time, energy, and money, and that especially happens around your tax, your tax strategies, and your policies. And if you're able to hit all three, this means more pay, play, and profit for you and your business!

Basically, an accountable plan is a policy around how you're going to be reimbursed for expenses inside your business. One of the biggest reasons why you want an accountable plan in place is reduced taxable income and self-employment tax for the owner or the shareholder. It also allows the reimbursement to be excluded from taxable income for employees.

An accountable plan is absolutely legal. If you're ever audited, then you have nothing to fear because then you've got all the structure in place.

In this episode, you will hear:

• Accountable plan of a business owner vs. shareholder

• Why consider an accountable plan

• Entity types that can benefit from an accountable plan

• Assumptions made and three rules when setting up an accountable plan

• Pros and cons of an accountable plan

• Other considerations (ex. meal deduction, home office expense, codes)

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Wine Whiskey & Sarcasm: https://winewhiskeyandsarcasm.com/

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

It's almost Thanksgiving! It's also a great time of year to understand what quarterly and annual planning should look like because, as an entrepreneur, you want to schedule your success and not lose traction.

At The Bottom Line®, we're following the EOS (Entrepreneurial Operating System) style where we break our annual planning down into 90-day segments to make sure that we're still aligned with our annual goal.

Now, the bigger the goal is, the more you can lose focus. If the goal feels too big, it can get overwhelming to the point that your productivity suffers. EOS teaches you how to compartmentalize and break down your goals into 90-day steps so they become more achievable.

Most importantly, you've got to do this in a way that's aligned with you and your gifts. Otherwise, you won't be able to leverage your strengths with the right people in the room and your efforts won't be as fruitful as they could be.

In this episode, you will hear:

• The benefits of using the EOS style

• What Quarterly Pulsing looks like

• The core value speech

• The 3 main objectives of a quarterly planning session

• The benefits of quarterly planning

• What annual planning looks like

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Book: What the Heck is EOS?

Book: Traction

BusinessAccelerator referral

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

Are you scared of emailing people just because you think you're going to bother them? Whether you're still new to ecommerce or you're scaling to grow your brand, it's crucial that you know how to run email marketing campaigns effectively.

Today, email copywriter Chris Orzechowski talks about why having an email marketing campaign is one of the keys to your success as a business owner.

Chris skipped his day job as a school teacher to focus on email copy, something he has always enjoyed. He loves working on campaigns as well as seeing how a simple 500-word email can make tens of thousands of dollars or how kicking off launch campaigns can end up bringing in millions of dollars.

Now, he has become a master at his trade and does wonderful work to support ecommerce and small businesses. His agency revolves around helping ecommerce business owners grow their brands and grow their revenue through automation.

In this episode, you will hear:

• How to overcome the limiting belief that you're bothering people with your email marketing campaign

• Common rookie mistakes in the ecommerce business

• What to do if your email marketing fails

• 9 things to look for in your ecommerce business

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

Whether you're selling products or services, digital courses, or memberships, having a clear picture of what your client experience looks like will help you create the kind of relationship you want to build with your clients.

While there is no perfect client, no perfect team, no perfect accountant, and no perfect business, relationships are still the key to keeping it all together when some things are not necessarily working at their optimum level.

That being said, a remarkable client experience is both exciting and terrifying because relationships take work and it has to continue even after onboarding.

In this episode, we're going to dive into the first 100 days of a client's experience, which is a proven process at The Bottom Line. One big key to making transformational success work in our process is in our meet-and-greet session right at the beginning of our 60-minute session with our clients.

As your client's processor, partner, and protector, depending on the season, you need to look out for each other's blind spots. And if your clients don't feel they have a safe space to communicate with you, then you miss the opportunity for that partnership to come full circle.

In this episode, you will hear:

• The benefits of a Meet-and-Greet

• Recognizing the seasons when you need to show up as a processor, a partner, or a protector

• Acceptance vs. tolerance

• Caring for clients and allowing them to be vulnerable

• Meeting people where they are

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Never Lose a Customer Again by Joey Coleman

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Profit is measured in time, energy, and money – but how do you achieve a triple win on all three? Here at The Bottom Line, we have made a profit decision to shift from the usual 40 hours to 32 hours per week. We're working towards making it our full-time standard, even during tax season.

In other words, we want to get more done in less time. Part of our vision is to create an environment where people come in motivated, inspired, and feel like they are part of a culture bigger than themselves.

Perpetuating a 40-hour work week isn't something we want to do. We want to prioritize rest as much as we prioritize hard work. And we also want to prioritize play as much as we want to prioritize hard work.

We also realized that once you're able to create a container about what you want your business to look like in three years, from the day that you cast that vision, you're able to set some goals and take the necessary steps to make your goals come into fruition.

In this episode, we're going to share with you how we're currently executing our shift to a 32-hour workweek, where we are on this journey, how we're making the transition without drastically impacting our operations, and some big lessons we've learned along the way.

In this episode, you will hear:

• Why we decided to do the 32-hour workweek

• Where we are on this journey

• The impact on our team and our clients and some challenges we had to face

• Taking baby steps to make it happen

• Practicing the skill to prioritize

• Biggest lessons we've learned from implementing this process

Subscribe and Review

Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.

We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Entrepreneurial Operating System (EOS)

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.