Cocktails & Capital

When you are ready to hire your first contractor as a business owner, you are probably focused on how that person will fulfill the needs of your company. They’re here to help you after all! But in order for you both to meet the goals of your growing business, you’ve got to set up proper expectations, boundaries, and communication. The onboarding process does just that. In this episode of Cocktails...

At Tatum Accounting, you know we like to prioritize self-care, relaxation, and taking regular vacations. But when you are a solo business owner doing all the things - that can be so hard. That’s why hiring help is so important. And hiring the right way even more so! In this episode, I talk about the differences between an employee and a contractor and why I recommend choosing an independent contra...

Can your accounting really make your clients happier? Absolutely! In this episode, I go into all the ways that accounting and checking your financial statement on a regular basis can help improve the relationships with your clients. Resources: Office Hours Our Blog Instagram

Last week we talked all about budgeting but what about when your income is inconsistent? There are 3 different budgeting strategies that I recommend and I explain each one in this week’s episode. Each budgeting strategy has its pros and cons so you’ll want to take a look at how your business operates to decide on which strategy would work best for you and your business. Resources: 3 Ways to Budget...

Is a budget one size fits all? No, absolutely not. So let’s talk budgeting. How do you even build a budget and what are a few reasons why your budget may not be working for you? I’ll also walk you through the steps you should take when building your budget. You don’t want to miss this. Resources: The 4 Different Budgeting Strategies & What’s Right For You Article 12 Reasons Your Budget Isn't W...

Every great business owner knows the importance of setting goals for themselves. It helps us measure progress and make sure we are on the right trajectory. Profit margin is one of those KPIs that we should keep our eye on. In this episode, I talk about all things profit margin; why is it important, what it tells you about your business, and how you know if you have a good profit margin. Resources:...

Let’s talk financial habits. In this episode, I talk all about what good financial habits look like, some common myths, and the four habits every profitable and financially stable business owner should have. Resources: The 7 Financial Habits Article Bad Money Habits To Drop Article Our Blog Instagram

In this episode, we’re talking about all things inventory. I go over what even is inventory, what goes into it as far as your financial statements are concerned, how and where you even track it, my favorite apps to use and so much more! Today, we also had 2 furry special guests so be sure to check out this week’s episode on YouTube. Resources: Benefits of Inventory Management Article 13 KPIs to Co...

I want you to sit and think about all the possibilities for your business if you were to start receiving more income. Suddenly everything seems possible, right? Well, one of the ways you can increase your income is by increasing your prices. In this episode, I talk about some signs that it’s time to raise your prices, how much to do it by, and what strategies you can use. Resources: Episode 07: 3...

I can’t believe it’s been almost 3 years since I started Tatum Accounting! In this episode, I talk about some of the lessons I’ve learned in the first few years of running my business. I also share what I think the holy grail of statements is so make sure you tune in. Resources: Society for Human Resource Management Send us an email Our Blog Instagram

Are you a product-based business owner? Then this episode is for you! Today, I talk about ALL of the costs you can expect when selling products online, and more importantly, how you can save some money. I also explain the difference between costs of goods sold and expenses. So grab your favorite cocktail and let’s get into it! Resources: Episode 09 Our Blog Instagram

In today’s episode, we talk about all things revenue. What are some signs you may need to increase your revenue? How do you know whether it is a revenue problem or an expense problem? I share different tips and strategies you can incorporate into your business to help grow your revenue. I also answer a couple of follow-up questions you may have so make sure you listen until the end! Resources: Epi...

Fall is right around the corner which means that this is the perfect time to start looking at your product line. See if you want to add some new products or take out some products that are not doing as well. In this podcast episode, I talk about the factors you should be thinking about in your product-based business as we start heading into fall and the holidays. Resources: Our Blog Instagram

We’re back with Season 2! After some much-needed time away, I am back and delving right into the real problems businesswomen just like you are facing. How often do you review your income statement expecting to see substantial profits, only to be surprised by how much you spent? As business owners, we put so much focus on sales and growth, but it’s easy to overlook how much we’re spending in the pu...

You know bookkeeping is important and even read a few articles to make sure you are doing it right but does something still feel...off? In this podcast episode I reassure you with the steps you MUST consider to ensure a complete bookkeeping process each month. Resources: What is bookkeeping & why is it important Monthly Checklist How to build a forecasting report for your revenue Instagram

Business owners wear many hats and a lot of these we put on ourselves….meaning it’s self taught. Some areas we may enjoy learning about like marketing or process development. Other areas, like accounting, can actually be super stressful for business owners. Turns out this podcast episode is the perfect place to start. In this episode I break down the most important need to know items for business...

You have submitted your tax return and made your payment but you are still left with some questions. Why did you pay so much more this year? Or less? What is going to happen next year when your salary increases once again? These are just a few questions you may be left with and in this podcast episode I answer some of the post popular post-tax return FAQs. Resources: Home Office Deduction 101 Prof...

Social media is useful for so many things. It is also the cause of a lot of problems, like bad tax advice. Today we are discussing some of the most common Tik Tok videos in your feed promising you big tax savings but are potentially...fraud? Give it a listen to make sure you aren't making any of these big mistakes. Resources: https://www.tatumaccounting.com/articles/home-office-deduction-101 https...

There is no doubt as a woman business owner you have come across some of these finance myths that *may* be holding you back. So in today’s episode I debunk some of those myths in hopes that they help you move forward with your business. Be sure to leave us some feedback - any myths we didn’t cover?

The great recession has caused everyone to rethink how they work. If you are one of those people you may not just be considering a change in companies but a change in job titles - like business owner? Starting your own business is an exciting undertaking but the finances can possibly be the most stressful part. But I got you. In this episode I talk about what to expect during your transition and h...

Cocktails & Capital is hosted by Sarah Tatum, owner of Tatum Accounting. In this podcast, Sarah shares real accounting and finance advice that helps business owners achieve both their personal and business goals.