In this episode we'll break down politics, policy and profit with zero fluff and maybe a slight conservative slant. What's happened in the first 100 days of Donald Trump's second term in The Oval - a lot! What things could be good for small business, could be bad and might get ugly? This is a short episode, but packed with good stuff.

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LinkedIn: Edwin J. Woolley, CFP® | LinkedIn

X: Jim Woolley, CFP (@JWoolleyCFP) / X

Find us on the web at www.mammoth.financial.

Connect: [email protected]

In this episode I interview Todd Eccles, owner of Patriot Defense - a firearms instruction school located in Buhl, ID. Todd has been creating and teaching firearms classes, from first time shooters to Enhanced Concealed Carry Permit classes to advanced shooting techniques, for more than 10 years. But this business didn't start out that way. He slowly built Patriot Defense from a side hustle to his main business over a series of years.

There was also a particular catalyst that propelled him, unexpectedly, into being a business owner.

You can find Patriot Defense via Gun Safety & Training Classes | Buhl, ID | Patriot Defense.

You can also find Patriot Defense here:

Facebook; Patriot Defense | Facebook

Instagram: Patriot Defense (@patriotdefense13) • Instagram photos and videos

YouTube: (937) Patriot Defense - YouTube

The best way to connect is to call us text at 620-794-6223 or [email protected].

Todd is also the host of the Patriot Defense Podcast, where he talks about gun basics, how to buy your first gun, training exercises as well as current Second Amendment news and politics.

This episode was recorded January 26, 2025 roughly a week after President Trump's second Inauguration.

These are some key ways that his second administration could promise to help small business owners, particularly through tax cuts, deregulation, trade policies, and initiatives to support innovation and growth. However, some of these proposals would be subject to political negotiations and may evolve depending on the broader economic context and priorities during his second term.

Show Notes Outline:

1. Tax Cuts and Tax Reform

• Lower Corporate Tax Rate
• Simplified Tax Code
• Extension or Expansion of the 20% Pass-Through Deduction:
• Capital Gains Tax Reduction

2. Deregulation and Reducing Red Tape

• Continuing Deregulation
• Occupational Licensing Reform
• Reducing Compliance Costs

3. Support for Small Business Financing

• Access to Capital
• Support for Venture Capital
• Opportunity Zones

4. Healthcare Reforms

• Lower Health Insurance Costs
• Repeal of ACA Mandate

5. Trade Policy and Global Economic Growth

• Support for Trade Deals
• Tariff and Trade Policy

6. Workforce and Labor Market

• Reducing Labor Costs
• Support for Apprenticeships and Vocational Training
• Immigration Reform

7. Infrastructure and Local Development

• Infrastructure Investment
• Broadband Expansion
• Rural Business Support

8. Innovation and Technology Growth

• Support for Tech Startups
• Cybersecurity and Data Protection

9. Small Business Support Programs

• Expansion of Small Business Programs
• Entrepreneurship and Minority Business Support

10. Reducing Barriers to Entry for Small Businesses

• Reducing Start-Up Costs
• Encouraging Entrepreneurial Activity

For more information or to contact us go to www.mammoth.financial

You can also connect with us on Social Media here:

LinkedIn: Jim Woolley, CFP® | LinkedIn

Instagram: @jimwoolleyCFP

Running a business is hard! Imagine running two businesses at the same time that are very different. We talk with husband-and-wife team Isaiah and Amanda Hansen about their experiences of starting two businesses while working their "day jobs" until they felt they could transition to running their businesses full time.

Amanda runs Ignite Nutrition and Fitness: https://ignitetwinfalls.com.

Isaiah runs Streamline Lawncare and Spraying: https://streamlinelawns.com.

We talk about: Client Relationship Management tools (CRMs), getting your business books right, Nutrition and Fitness tips for business owners (Amanda shares her supplement secret!) and more.

In this episode I talk with James Martin, owner of Mountain West Business Insights, and we discus the crucial steps business owners need to take to get their business books up and running or back on track and the reason why you need to do this. We'll also discuss the trending concept of "Fractional CFO (Chief Financial Officer)" work and how a service like this may benefit your business.

James can be contacted here:

www.mountainwestbi.com

Mountain West Business Insights on Facebook or MW_Business_Insights on Instagram or

mw-business-insights on LinkedIn.

In this episode, Jim Woolley and co-host Shannon Woolley discuss 5 Retirement Strategies for Small Business Owners. We give you a light-hearted overview of some serious topics that business owners should consider and address.

The five strategies, in a nutshell, are:

The Retirement Roadmap

Your Exit

Business Reinvestment and Retirement Savings

Get Sufficient Life and Disability Insurance Coverage

Outside Support

In future episodes, we'll take a deeper dive into each one of these strategies.

In this show, we team up with special guest attorney Joe Popplewell of Popplewell Law Firm. This is the third our series of three shows with Joe. In this episode, we'll discuss an overview of the Tax Cuts and Jobs Act of 2017, informally known as "The Trump Taxcuts".

The TCJA is set to sunset on January 1, 2026 changing many things such as the federal estate tax exemption, increasing the personal tax brackets and removing the 20% deduction for small business owners.

Joe gives an overview of The Trump Taxcuts and what you should consider in your own business and family planning between now and December 31, 2025.

The information in this show is specific to the state of Idaho where Joe is a licensed attorney and currently practices law. If the educational material presented in this episode leaves you wondering if your estate plan (or lack thereof) needs addressing, please seek a competent estate planning attorney in your area.

Joe and his team can be reached via https://popplewelllaw.com. Joe's office is located in Twin Falls, Idaho.

In this show, we team up with special guest attorney Joe Popplewell of Popplewell Law Firm. This is the second of a series of three shows with Joe. In this episode, we'll discuss an overview of the legal documents and processes a business owner should have to ensure they are protected from various scenarios.

Joe gives an overview of operating agreements, buy-sell agreements, and other documents a business owner should have to make sure their business continues with as few interruptions as possible when faced with The Five D's of running a business: Death, Divorce, Disability, Disagreements (with partners) and Disruption (of their industry).

The information in this show is specific to the state of Idaho where Joe is a licensed attorney and currently practices law. If the educational material presented in this episode leaves you wondering if your estate plan (or lack thereof) needs addressing, please seek a competent estate planning attorney in your area.

Joe and his team can be reached via https://popplewelllaw.com. Joe's office is located in Twin Falls, Idaho.

In this show, we team up with special guest attorney Joe Popplewell of Popplewell Law Firm. This is the first of a series of three shows with Joe. In this episode, we'll discuss an overview of the legal documents and processes a family should have to ensure they are protected from various scenarios.

Joe gives an overview of wills versus trusts, power of attorney documents, and healthcare directives.

The information in this show is specific to the state of Idaho where Joe is a licensed attorney and currently practices law. If the educational material presented in this episode leaves you wondering if your estate plan (or lack thereof) needs addressing, please seek a competent estate planning attorney in your area.

Joe and his team can be reached via https://popplewelllaw.com. Joe's office is located in Twin Falls, Idaho.

In this episode, host Jim Woolley, CFP and special guest Doug Maughan role play The Discovery Process prospective client interview to give small-business owners an idea of what it might be like to interview Jim Woolley as a potential advisor for their business and personal finances. This interview is the first step in our process of determining if and how we can help you.

Listening to this episode will give you an idea of what to expect in our first interaction before deciding if we will work together or not.