Financial Snickens

As a leader, are you doing what’s always worked for you or are you asking for feedback and embracing change? Recognizing the need to improve your leadership style is a skill in itself.  In this episode, I highlight three transformative stages called “departure, voyage, and return” from a recent Harvard Business Review article focused on taking your leadership journey to the next level.  In this ep...

Some kids start lemonade stands while others sell chocolate bars for different school fundraisers, and these experiences might just launch the next big business owner.    In this episode, I recall my own entrepreneurial journey and how permission to think outside the box planted a seed that’s still influencing my professional career.  In this episode, you’ll also hear: Making money by helping othe...

Finding joy in your work is a lot easier when you have leaders that create a positive and supportive culture.  In this episode, I dial in on what keeps employees happy and ready to come to work, and game-changing advice to incorporate the “4 G’s” into your work life.  In this episode, you’ll also hear: The real reason people leave jobs  The value of praising employees  Power of the 4 G’s: Gratitud...

Networking can be intimidating but events held by your local Chamber of Commerce can make connecting with other professionals easier.  In this episode, I shed light on my experience with my Chamber of Commerce and why you should consider joining yours to better serve your community while growing your business.   In this episode, you’ll also hear: How serving your community helps your business  Ben...

Time is money so it’s always important to enhance efficiency when you’re trying to run a business.  In this episode, I share our current favorite online tools that can help streamline your business operations and save you time and money.    In this episode, you’ll also hear: Details about ScribeHow’s screen capturing features  Seamless receipt management and more with Corpay One The professional a...

Remember when checks were the standard form of payment for businesses? Thankfully, Automated Clearing House, or ACH payments, offer a more convenient option for businesses to receive payments from clients. In this episode, I explain what ACH payments are and how they ensure a steady cash flow while enhancing your client’s overall buying experience.  In this episode, you’ll also hear: Streamlining...

Do you have folders full of financial documents from 5,10, 20 years ago? It’s common to think you should keep every document but it’s not always necessary.   In this episode, I review different financial documents and how to know which ones to keep and how long to wait before shredding them.   In this episode, you’ll also hear: Rule of thumb for tax documents  Closed vs. active documents    Sugges...

The more we know about ChatGPT, the more we can use it to our advantage instead of being afraid of it. In this episode, I examine what ChatGPT is, what questions to ask it, and how artificial intelligence might benefit your business more than you realize. In this episode, you’ll also hear: Flaws of ChatGPT How to verify ChatGPT content Using ChatGPT for your business   Must-listen moments: [00:00:...

Budgeting doesn’t have to be complicated. Your business budget can be a simple spreadsheet or it can come with all the bells and whistles from the latest accounting software.    In this episode, I cover easy ways to budget your business finances, how automating payments can predict your financial future, and why the best time to start or review your budget is always now.    In this episode, you’ll...

It’s no secret raising a kid, much less raising multiple children, takes a ton of hard work. And yet, many people still don’t realize that motherhood is the perfect training ground for being a rockstar entrepreneur or employee.    In this episode, I dial in on what gives moms and caregivers a natural advantage when it comes to running a business.   In this episode, you’ll also hear: Multitasking s...

Recruiting employees who easily mesh with your team, align with your values, and have the skills you’re looking for can feel like finding a needle in a haystack. In this episode, I reveal 4 ways to find employees by using non-traditional platforms, online communities, and leveraging your existing talent!  In this episode, you’ll also hear: Tapping into industry specialists  Defining your ideal emp...

If you want to increase your profitability, you must know your numbers, especially the expenses of your direct and indirect costs.  In this episode, I break down the difference between direct and indirect costs, and how to know if you’re charging enough so you can cover your business expenses while still earning a profit!      In this episode, you’ll also hear: Understanding direct costs and cost...

Summer means hot days and long nights, and hopefully some time to slow down and take a much needed break. In this episode, I share 5 tips for making the most of your summer to keep your business on the right track for the rest of the year.      In this episode, you’ll also hear: Taking time to celebrate your business  Mid-year review of your business goals  Going for big dreams  Must-listen moment...

How much should a business owner draw as their take-home pay? Too much, and you’re draining the business, but too little and your personal financial struggles will take the business down with them.  So, how can entrepreneurs calculate their own fair wages? And how do they account for taxes and health insurance in their paycheck?    Learn guidelines for how business owners can accurately determine...

Who’s the administrator on the software accounts you use to run your business? Think about your website, your bookkeeping and payroll software, and even your social media?  In this episode, I explain why you should always be the master admin of any software your business uses, 4 rules to prevent fraudulent access, and tips for when it’s necessary to share access with your team.    In this episode,...

Did you know there are free tools that can help you find unclaimed money or boost your savings? Find out my top 3 favorite money-saving tools that are absolutely free and easy to use so you can stash more cash!   In this episode, you’ll also hear: Details about Utah State University’s Power Pay  How to find money using Unclaimed.org  Why you should track your credit with Credit Karma  Must-listen...

Firing a client is never easy, but sometimes it’s necessary in order to protect your business and your core values.  In this episode, I highlight things to consider before cutting ties with a client, and why it’s crucial to salvage as much of your professional relationship as possible when it’s time to say goodbye. In this episode, you’ll also hear: Steps to take before firing a client  My recomme...

Understanding the numbers of your business is key to its growth and success. But what should be measured to truly know how a business is performing?   In this episode, I cover 8 KPIs, which key performance indicators are most useful to tracking your business’ progress, and how to know when to change what you’re measuring. In this episode, you’ll also hear: 8 Common key performance indicators (KPIs...

Are you ready to unlock the secrets hidden within your profit and loss statement? Get ready to discover the power of this document as we dive deep into its significance. Join us as we unravel the mysteries of your profit and loss statement and explore how it can revolutionize your business decisions. From setting prices and forecasting growth to obtaining loans and attracting investors, this repor...

Attention all entrepreneurs! Are you tired of feeling overwhelmed by your business finances? Do you struggle to keep track of your accounts? Then join us for a conversation on how to manage your finances better! In this episode, we'll cover the different types of accounts available to entrepreneurs, including the benefits of having a business checking account, money market accounts, savings accoun...

Are you a business owner struggling to make sense of your finances? Do tax time and loan repayments leave you feeling confused? Fear not, as we have got you covered in this podcast episode! Join us as we unravel the top five questions that entrepreneurs commonly have around financial misunderstandings and provide you with actionable tips to navigate them. From demystifying loan repayments and owne...

Are you a small business owner struggling to keep your finances in order? In this episode of the Financial Snickens Podcast, we’ve got you covered with six key strategies to avoid accounting errors and maintain best practices for your company’s financials. From hiring an accountant or bookkeeper to controlling expenses and keeping personal/professional expenses separate, we’ll cover everything you...

How do we get the most out of conferences? Conferences are a great way to learn about new industry trends, network with like-minded individuals, and gain valuable insights into running a business. However, attending a conference can be overwhelming without proper planning. Listen to today’s episode for practical tips on having a pre- and post-conference plan.  Key Highlights:   [00:01 - 02:22] Pre...