DecaMillionaire Decoded

In episode 267 of Financially Simple, Justin is rejoined by Brandon Jordan to discuss the key players of a Success Team... the advisory people, often outside your business, that support you in vital areas.  If there's an analogy to life, the world, and everything including business, it's baseball! Justin and Brandon go through the key members of a Success Team business owners need on their side, l...

In episode 266 of Financially Simple, Justin discusses recent movements in the stock market in response to developments during the COVID-19 pandemic with Chris Steward. The recent recovery in the stock markets has some curious as to the cause of the improvements, considering many businesses are still compromised by the Coronavirus lockdown. Justin and Chris consider the cause of the rebound, what...

In episode 265 of Financially Simple, Justin speaks to financial podcaster David Stein about money, national debt, and more. The Coronavirus is causing governments, globally, to take measures to protect citizens and business interests. Justin and David discuss what money is, what National Debt is and how it affects Small Business Owners, and how businesses should conduct themselves accordingly. Do...

In episode 264 of Financially Simple, Justin is joined by David Kent to go over using a SWOT Analysis to assess your business. As the pandemic fades away small business owners are making time to re-evaluate their business plans and strategies. Justin and David discuss how to conduct a SWOT Analysis and use the results to make changes based on your business's strengths and weaknesses. Don't forget...

In episode 263 of Financially Simple, Justin teams up with Jeff Jeter to talk about the differences between Non-Qualified accounts, IRAs, and ROTHs. Investing your savings can be confusing with the number of different options available - which should you consider? Justin and Jeff look at each account type, evaluate their purposes, and discuss when to use one or the other. Don't forget to subscribe...

In episode 262 of Financially Simple, Justin is joined by Brandon Jordan to discuss the tentative relationship Business Owners have with Financial Advisors. Who knows best what is in the interests of a Small Business Owner on how to increase their wealth? Wall Street execs? Financial Advisors? Or a guy their friend knows? Justin and Jordan take a look at the relationship between Business Owners an...

In episode 261 of Financially Simple, David Kent joins Justin to go over Team Management practices during COVID-19. As Small Business Owners prepare themselves for when the current crisis passes, it's important to address Team Management in order to effectively carry out your strategy. Justin and David go over five key points to help Small Business Owners address Team Management. Don't forget to s...

In episode 260 of Financially Simple, Justin and Chris Steward take a look at what's going in with Oil at the moment. With the Coronavirus reducing demand for products and limiting travel, the knock-on effect with regards to oil futures has been interesting, to say the least. Justin and Chris take a look at the causes and discuss an appropriate stance to take against such volatility. Don't forget...

In episode 259 of Financially Simple, Justin and David Kent go over the strategic planning process. As small business owners start to plan their turnaround strategies, it is important to remind ourselves of the steps needed. Justin and David go over the strategic planning process, breaking it down in this review. Don't forget to subscribe, and let us know how we are doing by leaving a review. Than...

In episode 258 of Financially Simple, Justin talks to Jennifer McConnell of July Services about amendments to the Cares Act. The Cares Act is a living document, being altered and improved upon as the situation calls for changes to best help those that the Act is meant to help. Justin and Jennifer go over recent changes to the Act and discuss how business owners can best respond to the changes. Don...

In episode 257 of Financially Simple, Justin talks to Steve Waldrop of Wyatt Insurance about reviewing policies. With the Coronavirus lockdown still in effect across much of the world, small business owners should make use of their downtime to review their insurance policies. Justin and Steve discuss the review process of your insurance policies - what to review, things to consider, and planning a...

In episode 256 of Financially Simple, Justin and David Kent discuss the 10 steps of a turnaround Strategy. On your marks, get set, GO! Justin and David list and detail the ten steps a small business owner should go through in order to be ready in the starting blocks for when the gun goes off to get ahead of their competition when business starts to return to normal. Don't forget to subscribe, and...

In episode 255 of Financially Simple, Justin is joined by Brandon Jordan to about downtime planning. With many businesses on hold at the moment leaving business owners with time on their hands, it is important to not sit idle and let this opportunity to plan and strategize go to waste. Justin and Brandon discuss the type of tactical thinking small business owners should adopt at this time, in orde...

In episode 254 of Financially Simple, Justin discusses Turnaround Strategies with David Kent. As the Coronavirus continues to affect our daily lives, it's important to keep in mind that it will pass, and when it does business owners must be prepared and in a position to get going as soon as possible. Justin and David talk about having a Turnaround Strategy, the stages of the process, and steps tha...

In episode 253 of Financially Simple, Justin and Andy Huddleston discuss insurance coverage concerns during the COVID-19 crisis. The global Coronavirus pandemic is unprecedented, and as such has taken businesses and business insurers by surprise. Justin and Andy look at the struggles of business owners and of business insurers, and discuss making claims during this period. Don't forget to subscrib...

In episode 252 of Financially Simple, Justin talks to Chris Steward CFA about market trends during the COVID-19 pandemic. The Stock Markets are incredibly volatile at the moment, with developments regarding the Coronavirus crisis changing every day. Justin and Chris compare the current market crash to the 2008/09 crash, and discuss leading indicators that might give a clue as to when and how the m...

In episode 251 of Financially Simple, Justin talks to Andy Brasfield of the Knoxville chapter of BNI about networking during the COVID-19 pandemic. Due to the ongoing pandemic, and lock-down regulations, many businesses are having to temporarily close their doors or adjust their business strategy. Justin and Andy discuss the importance of networking and establishing connections, in order to be abl...

In episode 250 of Financially Simple, Justin makes an appearance on The Dental Guys' podcast with Chris Mahan to discuss recent changes made to the CARES Act. As the COVID-19 pandemic continues, the situation regarding aid for businesses and business owners is adapting to this unprecedented scenario. Justin, John, and the Dental Guys discuss the changes to the CARES Act, and how to apply for loans...

In episode 248 of Financially Simple, Justin talks to Scott Cagle of Northstar Church in Knoxville, about keeping perspective in a time of crisis. The Coronavirus pandemic has upended businesses and personal lives, as we live through this unprecedented event. Justin and Scott discuss keeping a level head and maintaining a perspective of the bigger picture during this period, knowing that it will p...

In episode 247 of Financially Simple, Justin talks to Gavin Baker of Baker Labs, about best practices for marketing while business takes a downturn during the COVID-19 pandemic. As the COVID-19 crisis takes its toll on small businesses, it's important to keep positive and maintain a presence in your sphere of business. Justin and Gavin look at scaling back on your marketing budget while keeping en...

In episode 246 of Financially Simple, Justin talks to Allen Brown of the South Carolina Small Business Development Center about the special conditions of SBA Loans made available during the COVID-19 pandemic. Difficult times require exceptional measures, and the Small Business Association is taking those measures to help Small Business Owners during this time. Justin and Allen go over the guidelin...

In episode 245 of Financially Simple, Justin is joined by The Dental Guys, Jon and Wesley, to talk about closing down a dental business while taking care of their teams. The current COVID-19 crisis is forcing the hand of many businesses, both small and large, to close and lay off staff or, where possible, pivot into other areas. Justin, Jon, and Wesley discuss how the pandemic has affected their d...

In episode 244 of Financially Simple, Justin discusses using Credit to finance a Small Business through the current pandemic with Gerri Detweiler at Nav. Many businesses are experiencing financial challenges at the moment and may need to take on debt to make sure they can get through the crisis. Justin and Gerri look at choosing credit cards, using debit cards, and the financial assistance that's...

In episode 243 of Financially Simple, Justin talks to Kathryn Cimera of Mallor Grodner Attorneys about the Families First Act. The recently passed Families First Coronavirus Response Act is aimed to assist Business Owners and their employees through the current pandemic. Justin and Kathryn break down the act to its fundamentals to help Business Owners understand it better. Don't forget to subscrib...

In episode 242 of Financially Simple, Justin and John Riley of Dental Revolution discuss marketing strategies Small Business Owners, specifically dental practices can take to weather the COVID-19 pandemic. The COVID-19 outbreak is affecting normal day-to-day life, and businesses both big and small, as measures are taken to reduce it's spread. Justin and John look at ways to maintain a marketing pr...