S4E20: Armed Forces Brewing Co. Double IPA | Job’s Evolving due to A.I | Entrepreneurial Patience

Explicit content warning

07/16/24 • 26 min

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
Today we're diving into some juicy topics that'll keep you on your toes. First, we taste a brew from Armed Forces Brewing Company. Next, we're getting into the nitty-gritty of AI's impact on finance jobs, breaking down a study on how AI is shaking things up in the finance world. Finally, we talk about why being patient is key to growing or selling your business.
5 Key Lessons:
1. Support & Appreciation: Armed Forces Brewing Company’s commitment to military veterans through their nationwide distributed IPA aligns with values that support our service members.
2. Understanding AI's Role: AI will significantly impact finance jobs by automating routine tasks, thereby allowing finance professionals to focus on more strategic activities.
3. Human Element in AI: While AI can handle data input & research, human oversight is essential for quality control, preventing AI-generated errors or 'hallucinations.'
4. Value through Financial Systems: Accurate, reliable, & timely financial reporting substantially increases the value of a business, which is paramount for potential buyer confidence.
5. Strategic Patience: Entrepreneurs must be patient & thorough in developing financial systems, ensuring they can back up their business valuations with solid data and processes.
This week's What's News: https://www.msn.com/en-us/money/other/finance-jobs-will-be-changed-the-most-by-ai-report-says/ar-BB1oFbxt?ocid=BingNewsVerp
Today's Brew🍺: Armed Forced Brewing Company, Grunt Double I.P.A
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
This week's tasting word:
Isohumulane - chemical compounds that contribute to the bitter taste of beer and are in the class of compounds known as iso-alpha acids.
About the Brewery:
Armed Forces Brewing Company is a craft brewery dedicated to honoring the American Military, both active duty and veterans. Their team includes an award-winning brewmaster, restaurant and hospitality veterans, and one of the most famous U.S. Navy SEALs. Their beers are available in select states and online in 36 states, with plans

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Produced by Francis Plata & Forward Press Media: www.forwardpressmedia.com

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Previous Episode

S4E19: Bitchin’ Kitten, German Rex | Coinbase & Stripe Teaming Up | Why Banks Won’t Lend You Money

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week, we cover best practices for borrowing money as an entrepreneur. Learn how historical financial statements, solid forecasts, and a strong credit score can enhance your borrowing strategy. We also review Bitchin Kitten Brewery’s German Rex and discuss how Coinbase’s partnership with Stripe is changing Bitcoin and Ethereum transactions. Don’t forget to like, share, and subscribe for more business finance tips, and join our Cash Flow Podcast club for more awesome content!
📰 This week's What's News: https://www.msn.com/en-us/money/companies/coinbase-and-stripe-team-up-to-bring-the-world-on-chain/ar-BB1p5pVF?ocid=BingNewsVerp
Today's Brew🍺: Bitchin' Kitten Brewery, German Rex
🍻 The P.B.K.P.I (Pam's Beer KPI)Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
The idea for Bitchin’ Kitten has been fermenting in the minds of Michael and Brigitte Crosson for decades. Michael, a beer lover, and Brigitte, a cat advocate, found inspiration in Brigitte’s cat, Shadow, who earned the “bitchin’ kitten” nickname after an amusing encounter with a White Russian cocktail. This incident inspired the name for Michael’s homebrews. In 2019, Michael’s Bitchin’ Kitten beer won second place in a Craft Brewers competition, prompting the couple to pursue their dream. With refined recipes and perfect timing, they brought Bitchin’ Kitten Brewery to life, crafting delicious beers with a touch of feline inspiration.
🍻 Learn more about Bitchin' Kitten Brewing Company: https://bitchinkitten.com/

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S5E1: Sierra Nevada Dank Little Thing | Smart Financial Planning | Business Banking 101

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week, Pam and guest Francis Plata discuss "upside down budgeting." Pam explains reverse-engineering business revenue to meet personal financial needs, using wedding savings as an example, and emphasizes keeping personal and business finances separate. She also advises Francis on calculating marginal tax rates and saving for taxes.

They offer tips for starting and managing a business, including opening a separate business account and comparing banking options. Pam also covers news topics like the Summer Olympics, IRS regulations, and cybersecurity.

5 Key Lessons:
1. Pam explains how personal financial goals, such as saving for a wedding, can dictate business income targets.
2. Open a separate business account to distinguish between personal and business expenses, simplifying tax filing and enhancing clarity.
3. Calculate your marginal tax rate and save accordingly to avoid year-end tax surprises, even if you're running a side gig.
4. Consider the benefits of having a local bank relationship versus the convenience and interest rates of online banks like Relay, Sofi, Ally, and Betterment.
5. Create a business budget driven by your financial goals, meticulously track expenses, and plan for future sustainability.
📰 On this week's What's News:
1. Summer Olympics Gambling
2. IRS Updates
3. https://ezcyber.solutions/free-training
Check out EZIT For Your Cyber Security Needs: https://ezit.solutions/
Today's Brew🍺: Sierra Nevada Brewing Co. Dank Little Thing I.P.A
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Ken Grossman, founder of Sierra Nevada, began his journey with backyard tinkering and covert science projects, leading to his

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Cash Flow with Pam Prior - S4E20: Armed Forces Brewing Co. Double IPA | Job’s Evolving due to A.I | Entrepreneurial Patience

Transcript

00:00:00.239

Weeks to figure it out because you have to go back through five or six corrections and six or seven input points and talk to five people and yell at your bookkeeper automatically. You have given away value to the person buying your business because they're going to say, hmm, there's some real reporting risk here. Therefore, even though I was planning to give you a multiple of five x on hey, I'm Pam Pryor and this is the Cash Flow podcast. We're going to talk about eve