Purposeful Profit

Recently, I was talking to someone, and they asked me why profit mattered.
I'll admit, was taken aback a bit. I felt like they were asking me why I needed to breath. It seemed so obvious to me.
Businesses need profit to survive over the long-term. And business owners need profit if they want financial freedom or just to support their lifestyle.
But profit is actually discussed very little in marketing you will see aimed at your business. Most strategists, business coaches, and consultants are focused on revenue. Very few are discussing profit.
And profit, more than revenue, is what really matters in determining if your business is financially healthy.
So it's no wonder the question gets asked. If no one is really talking about, does it really matter?
Hell yeah!
Profit funds investments that help you scale your business.
Profit creates generational wealth.
Profit provides money to invest in real estate.
Profit pays for college educations.
For private school for your special needs child.
It allows your spouse to retire.
To pay off your parents' mortgage.
To take that 1 month trip to Europe you've dreamed of.
Profit helps create that life you dreamed of when you started your business.
🎧 Tune into this week's episode and learn:

• Why revenue isn’t the best measure of your business’s financial health and what to use instead
• What entrepreneurial poverty is
• 3 actionable steps you can take to improve your profitability

Mentioned in this episode:

• Want to create more profit in your business. This is what I help clients do in my Purposeful Profit financial coaching and mentoring program. Book a call to continue the conversation.

Other resources:

• S Corp Tax Savings Calculator
• Get your Simple Financials Bookkeeping template
• Get Your 30 Days of Money Mindset Prompts

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Sometimes what we mistake for fear or avoidance of our business finances, is really money trauma, which is a deeper issue than just being overwhelmed or confused or fearful of your finances. Join me for a conversation with Hailee, a trauma coach, as we talk about and try to normalize money trauma.
We talk about how money trauma is different from fear or anxiety, how to recognize the signs of money trauma and how Hailee used Simple Financials to slowly start getting control of her finances.
Mentioned in this episode:
Ready to be like Hailee and get started with your business finances? Get your Simple Financials Bookkeeping template
Ready for get your finances in order? Book a call to continue the conversation.

Other resources:

• S Corp Tax Savings Calculator
• Get Your 30 Days of Money Mindset Prompts

Connect with Hailee:
Hailee is a Certified Professional Life Coach who specializes in treating teens and adults experiencing a variety of issues including mental health (primarily mood, trauma, anxiety, body focused repetitive behaviors and neurodevelopmental disorders), relational/attachment issues, and life transition challenges). As a healing companion, she brings hope, understanding, direction, and support to those who feel stuck or broken by debilitating stress, anxiety and past trauma.
Instagram: www.instagram.com/haileemaecoaching
Website: www.haileemae.com

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Do you have an LLC but are confused about how to file your taxes? This week's podcast episode is just for you.
April 15th is less than a month off, which means you need to get those LLC taxes done. Tax laws can be complicated and overwhelming., but whether you are doing your own or hiring a pro, it's important as a business owner to know the basics.
Quite simply, informed business owners make better decisions.
In this week's episode of Purposeful Profit I break down how to file your taxes if you are a single member LLC or if you are a multi-member LLC. I also explain the 2 components of the taxes on your LLC's earnings and explain what you can deduct and what you can't.
🎧 Tune into this week's episode and be ready to get those taxes done.
Learn:

• How single and multi-member LLC’s report their taxes
• What self employment taxes are and how they are calculated
• 3 tax deductions to not forget about

Mentioned in this episode:
Want more help on your taxes? Tax planning and literacy is part of what I do with my clients in my financial mentoring and coaching program. Book a call to continue the conversation.
Other resources:

• S Corp Tax Savings Calculator
• Get your Simple Financials Bookkeeping template
• Get Your 30 Days of Money Mindset Prompts

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Freedom is my top value. It's really why I started my business. I wanted more financial AND time freedom.
It's also usually a top 3 value of my clients as well.
But freedom means different things to everyone.
Knowing what freedom means to you is important if you ever want to achieve it.
In this week's episode of Purposeful Profit, I'm talking all about freedom, what it means to me and how to get clarity on what it means to you.
Mentioned in this episode:

Ready to build a business that gives you the freedom you crave? Book your financial health assessment to continue the conversation.

Other resources:

S Corp Tax Calculator
Get your Simple Financials Bookkeeping template
Get Your 30 Days of Money Mindset Prompts

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

In today's episode of Purposeful Profit, I'm helping answer one of the most common questions I get from business owners:
"Should I be an S corp or an LLC?"
And the answer is, they really are not mutually exclusive.
You can be an LLC as a legal form AND still elect S corp status. And doing so, can generate significant tax savings under the right circumstances.
Join me for this week's episode of Purposeful Profit where I'm exploring LLC and S corp tax treatment and when an S corp makes sense (and why talking to your tax advisor is so important).
You'll learn:

• The difference between LLC and s corp tax treatment
• When to consider an S corp election
• How and when to file for S corp election

Mentioned in this episode:

• S Corp Tax Calculator
• Ready to put more profit in your pocket? Book your financial health assessment to continue the conversation

Other resources:
Get your Simple Financials Bookkeeping template
Get Your 30 Days of Money Mindset Prompts

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.