Blood, Sweat & Business

No one knows exactly what business is like in the future, but one thing is for sure… it will NOT be the same as it is today. The workplace and small business is rapidly changing with dramatic increases in efficiency, data collection and content creation. On this episode of Kaizen Time get a glimpse into the future to see what is working and what isn’t to futureproof your business. Subscribe for mo...

No one wants to call the Internal Revenue Service or worse yet to get a call requesting taxes owed. The IRS has picked up on trends that taxpayers are utilizing whether on purpose or not. On this episode of Kaizen Time, we go through the top 5 mistakes that will get you flagged by the IRS. Watch out! Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Adviso...

Profit First by Mike Michalowicz is a book that can be a game changer for any small business willing to put their profit first. In this episode of Kaizen Time, we go through the pros and cons of the Profit First system to see if it is the right fit for your small business. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.c...

There is plenty of competition out there and to stay ahead you need a competitive advantage. What is yours? How to do you determine what that advantage is and better yet how can you create more? Find out everything your small business needs to know about a competitive advantage on this episode of Kaizen Time. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs...

Do you know how much your company is growing? Is your small business making leaps and bounds or baby steps? Stop guessing and learn the real metrics that you should be using to determine if you are meeting the mark on this episode of Kaizen Time. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@ka...

It is likely your small business is already working with strategic partners, but there are MANY more out there. Strategic partners have the potential to bring in more clients, improve services, and increase profits. On this episode of Kaizen Time: Blood, Sweat & Business we go through the types of strategic partners and where to find them. Subscribe for more valuable insights to help your smal...

Too often businesses are focused on the here and now and that loses sight of the future. Grow your business in a safe in sustainable way with simple but effective techniques. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com  #SmallBusiness #TaxSeasonTips #FinancialPlanning 🎙️ Kaizen...

Are you unsure if it is time to hire a CPA or accountant? How involved should that person be in your business? Is it worth the price? On this episode of Kaizen Time, we go through important factors such as whether you have employees, how complex your business (LLC, S Corp or C Corp) structure is and how much time you must manage the books yourself. Hiring a CPA can save you time and money in the l...

It can be difficult to measure your CPA’s performance without an in depth understanding of tax. Fortunately, there are a few simple questions you can ask to determine if you both are on the same page. Without a clear understanding of what a business does and the goals for that business there is no way your CPA is providing optimal results. Subscribe for more valuable insights to help your small bu...

Do you own a restaurant? Struggling to attract customers in today's digital world?  This episode is packed with tips to help you boost your online presence and bring in more business. Tara Lindstrom, from One Bite Marketing, shares her secrets for restaurant success. Learn how to make the most of your website, leverage social media, and get found online by hungry customers. You'll also h...

Your POS system should be the central hub of your business data, collecting information on every transaction. This data is essential for understanding your customers, optimizing your marketing campaigns, and ensuring you always have the right amount of stock on hand.  Investing in a modern POS system is an investment in the future of your business.  Don't be afraid to shop around or reach out...

On this episode of Kaizen Time, we discuss the financial and strategic advantages of owning your own building. Learn how buying can be a smart investment that builds equity, provides greater control over your space, and increases your business value. Discover tax advantages, how to leverage your property for future growth, and when renting might be the right choice. Listen and find out everything...

What are the 3 Most Commonly Missed Tax Strategies that CPAs make? Keep an eye out for managing officer compensation in S corporations, electing pass-through entity tax depending on their state, and properly classifying their real estate income to maximize the qualified business income deduction. By planning your taxes and strategically managing your business structure, you can keep more of your h...

Sara Fraser with Haas Performance Consulting LLC has a long history of working in the automotive repair industry as well as helping shops. In this episode of Blood, Sweat and Business she digs into hiring and retaining employees as well as the communication within your shop and what is going out. Haas Performance Consulting LLC Facebook: https://www.facebook.com/haasperformance Sara Fraser Faceboo...

The Employee Retention Tax Credit (ERC) helped many small businesses through a tough time, but what is happening with it now? We drill down into what has happened and what you should expect to see for the rest of the year with this multi-billion-dollar program.  Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us...

Confused about S corporations and their taxes? In this episode of Kaizen Time, we go through key concepts like owner's compensation, K-1 forms, and basis. Finally, we discuss when the right time is to switch an S corporation or if that is the right choice for your business. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizen...

Meet Al Wright, who owns John's Automotive in Cedar Rapids, Iowa. Al shares his journey in the automotive industry, from starting out as a gas station attendant to becoming a shop owner. He talks about the importance of training, staying up to date with technology, and creating a positive work culture. Al also emphasizes the value of collaboration and giving back to the industry. The episode...

Uncertain future of Beneficial Ownership Information Reporting (BOI) for small businesses. This episode of Kaizen Time discusses what BOI reporting is and the current confusion surrounding it. See if you need to file and how to stay updated on the program's future. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com...

Ever wonder what the difference between markup and profit margin is? This episode of Kaizen Time addresses this common confusion, explaining what each term means and why both are important for businesses. The discussion explores how markup helps with setting minimum prices and profit margin provides a clearer picture of a product's overall profitability. By understanding both concepts, busine...

Unsure where to start with transitioning your small business? There are four main options for transitioning a business: selling to a private equity firm, selling to an internal employee, transitioning to a family member, or selling to an outside party. We emphasize the importance of professional guidance throughout the process, including an accountant, attorney, and business broker.  Planning for...

Kaizen Risk Management dig into why insurance is essential to any business. We discuss how different coverages can protect you from financial disaster. From property damage and lost income to customer lawsuits and cyber-attacks, learn how to get the right coverage for your business size and industry. Don't let an unexpected event stop you in your tracks - listen now and gain peace of mind for...

Cecil Bullard with the Institute of Automotive Business Excellence shares his profound story of evolution from a mechanic to an industry consultant. In this episode, we delve into the challenges of profitability in the automotive industry, the importance of education and systemizing business operations, and Cecil’s passionate endeavor to transform the industry for future generations. Institute of...

Struggling to cut unnecessary expenses in your small business? This episode of Kaizen Time is packed with actionable tips to boost your bottom line! Discover how to streamline your business operations and keep more money in your pocket. Perfect for small business owners and entrepreneurs looking to save money and improve efficiency. Subscribe for more valuable insights to help your small business...

Straight from the VISION Conference PJ at Tekmetric joins us on the Blood, Sweat Business podcast! We discuss how technology is pushing the auto repair industry forward. PJ breaks down the numbers as we discuss efficiency, communication, pricing, and the customer experience. Tekmetric: https://www.tekmetric.com/ Tekmetric Linkedin: https://www.linkedin.com/company/tekmetric/ Tekmetric Facebook: ht...

The guys at Kaizen Risk Management discuss the benefits of obtaining insurance through an accounting firm. By housing both services under the same roof a business owner can see improved communication, better policies, and big savings. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com...