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Being a mom and an entrepreneur at the same time sure comes with a lot of struggles, and at times, self-doubt. But when you're putting in the hard work of investing in yourself and building your business with faith, everything is possible!

In today's episode, writer and entrepreneur mom Elizabeth Oschwald joins us as we discuss her journey through motherhood and entrepreneurship.

Elizabeth's life's work is being a mom, yet she also knows that building a business doesn't have to be to the detriment of her family. In fact, it only made her family stronger, being able to fulfill a purpose beyond just them. Elizabeth is the founder of The Joyful Mama, where she leads a community of moms. She also serves with MIG Living, a wonderful health and wellness company that creates an opportunity for single moms or stay-at-home moms to generate income.

Elizabeth learned about kingdom entrepreneurship from an ad she saw, which stirred her spirit. It talked about the tug of war between someone who is called to ministry to work for Jesus and someone who wants to create an abundant life for their family. It spoke about how entrepreneurship was the best path to creating an abundant life and how it's possible to blend your calling to ministry and your calling to entrepreneurship.

Having walked through the journey of single motherhood herself, Elizabeth is extremely passionate about helping homeschooling entrepreneurial mothers and she continues to evolve as a kingdom builder.

In this episode, you will hear:

• Her struggles as a single mom
• Meeting her husband
• The idea behind kingdom entrepreneurship
• How she blends motherhood and entrepreneurship
• How Elizabeth got involved in MIG
• Dabbling in a network marketing model
• The drive to help other people win
• Getting into the right mindset
• The power of investing in yourself

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Supporting Resources:

The Joyful Mama

The Joyful Mama Show

MIG Living

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.

June 15 is just around the corner, which means there's another quarterly estimated tax payment due. Just a quick recap, the estimated tax payments are due in January, April, June, and September. (With January 15 as the fourth estimated tax payment since it's for the Q4 of the prior year's estimated tax)

Quarterly estimated tax payments refer to money owed to the IRS to help make payments against the tax liability you're going to file for on April 15 or your extended deadline respectively. Unless you have a liability of less than $1,000, the IRS expects you to make payments along the way. This is in addition to your deputy payroll withholdings if you have a salary.

When you're on the payroll for W-2, those things are being held from your paycheck, then sent off by your employer, and paid along the way. When you're self-employed or have additional tax above what's being withheld, they want to see you making quarterly estimated tax payments.

Ultimately, it is your responsibility as a taxpayer to understand estimated tax payment liabilities and make those payments. This is not a burden that you have to carry alone as you can share the burden with the right tax pro. Still, it's important to understand that it is your responsibility. And if you didn't pull it off the way you'd hoped in the current tax year, don't worry as there's another one coming. And as you keep practicing and refining your process, you will eventually get into the rhythm that works for you.

In this episode, you will hear:

• What is a safe harbor method?
• The two scenarios for using the safe harbor method
• Setting money aside for tax when you're using Profit First
• Adjustment of payments for estimates if you're income increases or decreases by 40%
• Looking at all your income sources
• Slightly adjusted safe harbor for high-income earners

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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:

Profit First

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.

In this episode, we talk about some things you need to consider when paying for your COVID-19 Economic Injury Disaster Loan (EIDL). Funded by the Small Business Administration (SBA), the EIDL was one of the ways to help small businesses take care of their cash flow needs related to their business operations.

If you're just sitting there on your SBA money, and you didn't use it, now is absolutely the time to figure out whether you need to keep it. Otherwise, you should likely consider paying it back if you're not going to use it in a way that's going to earn more than what the interest is costing you.

For those businesses that took advantage of this opportunity, the bills are coming due. They've delayed it several times so there has been some confusion on the due dates. People have started getting email notifications. In their last email notification around mid-April, they stated they had deferred payments for another six months.

Since the interest rates are so low, the payments are extremely reasonable considering its 30-year payment schedule too. So it shouldn't hurt the bank account of small businesses too much if you're getting ready to book a loan repayment.

In this episode, you will hear:

• Requesting an increase in your EIDL loan as a second loan
• How to check your balance on your SBA EIDL loan
• When to start making payments
• No prepayment penalty for EIDL loans
• What happens if you miss a payment
• Getting other loans when you have an SBA EIDL loan in place

Subscribe and Review

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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:

SBA EIDL Loan

Check your balance here: Capital Access Financial System

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 battling with some decisions and indecision related to cryptocurrency, we want to share what we know (so far) about the world of cryptocurrency. We admit it's something very new to us but we have clients who are already in the space and are about to be in this space. And so, we want to meet them where they're at, slowly but surely.

In January 2022, we sent someone in our team to a cryptocurrency tech summit so she could learn more about cryptocurrency and bring some things back to our team and get the basics under our belt.

One of the things we found out is that merchants utilizing crypto for payment are paying less in fees. As you're learning more about crypto, you could be saving money in merchant fees, which can quickly add up.

So far, there are no brokerage crypto statements coming out yet. And if you're planning to play in this digital field, you have to have the checks and balances you need to properly report because that reporting piece is loose at best right now. It depends on which coin you're dealing with, which platform you're dealing with, or how well-formed it is because there is no clearly defined regulation right now. Frankly, it's all being built.

If you're going to play in the wild, wild west of cryptocurrency, make sure you have the right controls and tools in place to stay organized. You have to represent your data well when it comes to tax time because you don't want to overpay in tax, and you want to be able to rely on data.

In this episode, you will hear:

• What is cryptocurrency?
• Why people are leery of crypto
• Is crypto legitimate?
• An example of how the transaction works
• How cryptocurrency impacts your taxes
• Tax implications of cryptocurrency

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, 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.

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.

Whether you're starting, scaling, or sustaining a business one of the cornerstones of success is creating a great overall experience – for your customers, your team, and your partners as well. But one of the things often overlooked by companies when scaling a business is the new hire experience. Why should you care about this?

In this episode, we talk about the THREE mindset shifts you need to make as a business owner or as a company when it comes to new hires to make sure you're getting rewarding returns.

Whether you're hiring a new person into the company or moving an existing employee to another department, failing to plan on your onboarding and considering what type of situation the person will be in is going to have a huge impact on your strategies and objectives.

In this episode, you will hear:

• Why should people care about the new hire experience
• Designing a value-driven onboarding process for the first 90 days
• Designing a culture-focused onboarding process
• Designing a recognition-based onboarding process
• The STARS model
• Why you need to identify early wins

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:

Visionary and Integrator 411 Gift Exchange Blog

Visionary and Integrator 411 Gift Exchange Podcast

The First Ninety Days by Michael Watkins

Find EOS Communities here: The EOS Pulse

The STARS Model

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.

Oftentimes, as business owners and entrepreneurs, we look forward to summers as a time for play and vacation. But if you can get your ducks in a row early, then you have the time to take a summer vacation and really enjoy it without worrying or wondering about whether you're hitting your goals.

If you prepare and put those in motion now, then you'll be able to breathe easier in the summer. And if you think April is a little too late for the summer sales party, well, there's still time to tweak some things to set yourself up for success.

In this episode, we're going to talk about five things you can do to prepare for your summer success. We specifically look at what you need to do when it comes to your data, outcomes, goals, tracking, strategy, and capacity.

Start learning to become proactive because what you build today creates what you own tomorrow!

In this episode, you will hear:

• Why you need meaningful data
• Crafting your vision of the future
• Setting SMARTER goals
• Tracking informational data vs. actionable data
• Strategy: Visibility and outreach
• The capacity piece of the conversation

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, 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.

If you are a small business owner with children, putting your kids to work in the business is a great way to start helping them navigate some financial decisions. You've got to teach them to put money on the strong side of the table and one of the ways to do that is by getting them to invest in a Roth IRA.

A lot of people struggle with financial literacy and it's important to start teaching and training your kids how to understand and utilize money while they're still young. In this episode, learn how you can help your kids build wealth with IRAs. Find out what they need to do to set up their own retirement account, how much they need to contribute, and the benefit of doing a Roth IRA. Finally, take a look at the compounding effect of a Roth IRA that will hopefully inspire your kids to start investing today.

No age is too young and no amount of money is too small. You can make a big difference in your kids' lives by encouraging and empowering them to build wealth through IRAs. No matter your kid's age, it's important you get them started now. It has to start with the right education and mindset. Learn how you can help your kids build their future today!

In this episode, you will hear:

• Qualifications
• Amount of contribution
• How to set up an individual retirement account
• The benefit of your kids getting a Roth IRA
• Some scenarios showing the compounding effect of a Roth IRA
• Ways to access the money before the age of 59 ½

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, 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.

Every entrepreneur wants a business that could outlive them. For that to become a success, you have to be very clear on what you want and make sure everybody is on the same page in terms of where you want to go and grow. This takes a great deal of honesty with your capacity as a leader and an individual. Therefore, the impact has to come from the top down to the bottom line.

It's a top-down issue. You're never going to solve capacity issues in your team if there's not clarity at the top and if there's a misunderstanding about your role in that process and what your capacity looks like in it. This also entails a lot of refinement and realignment. Again, it has to start with you!

In this episode, we're sharing tips and strategies that worked for us as we were – and still are – working through challenges of growth and capacity in our own team.

In this episode, you will hear:

• The greatest enemy to working through challenges
• The different levers of capacity
• Figuring out what the capacity issue is
• Putting the time on the calendar to work on growth and capacity
• Why this is a spiritual battle first
• Slowing down to help you speed up
• Figuring out how to navigate relationships

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:

Books:

What the Heck is EOS by Gino Wickman + Tom Bouwer

Crucial Conversations by Kerry Patterson

How to Be a Great Boss by Gino Wickman + Rene Boer

Other Resources:

The Kolbe Index

Pay, Play, Profit Podcast: Episode 082: Financial KPIs & Data Cadences For Your Online Business

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.