DecaMillionaire Decoded

In episode 63 of Financially Simple, Justin gives a short talk about continued learning and keeping your mind sharp. Running a business can be tiresome, and if you're not keeping up with the competition you might see your business starting to fail after putting so much into it. Justin talks about the benefits of continuing learning, and the beneficial, multiplicative effect gained knowledge can ha...

In episode 62 of Financially Simple, Justin talks to Dan Hall of Elite Service Mortgage. Your home can be your greatest asset, so having it properly financed will benefit your financial situation as well as your business's. Justin and Dan talk about getting a mortgage for your home, the different types, and what to look out for when sourcing a mortgage provider. Don't forget to subscribe, and let...

Running a small business means having a merchant account with a service provider, and along with that the often-overlooked pitfalls of such services, bank card transactions, and fees for business owners. Justin and Harold Freedman of Merchant Services and Consultants LLC go over some of the common misconceptions and mistakes business owners have about Merchant Services, and how to avoid those mist...

The world of marketing can be a confusing and complicated space. Online digital marketing can be even more so. Justin and Gavin Baker of Baker Labs cover the various types of digital marketing strategies small businesses can utilize to improve their prospects. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:  BLOG: Online Ma...

Having a diverse team will help your business, and when it comes to taxes, their knowledge and ideas will save your small business money. Justin and MBA tax planner Chris Mahan from Mahan & Associates discusses cooperative work between all the team players, tax reduction, and the new changes to the Tax Code. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks fo...

You know your product and/or service, and you know your customer. Justin looks at how you as a small business owner can increase your business's sales performance by being an expert in the field, identifying the needs of your ideal customer, and more. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:  BLOG: How to Get and Cl...

A business won't last if its products or services are not up to scratch. Justin goes over how to define quality control in your business, how to attain it, and procedures to maintain it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:  BLOG: Quality Control in a Startup Business... Is it Too Early to Think About?   TIME IND...

Time is money. So when it comes to running an efficient and productive business, nothing could be more vital. Justin talks about making the most of your available time, tips for avoiding distractions, and the importance of taking time for yourself. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:   BLOG: Untapped Assets - T...

As a startup you are at a disadvantage to established businesses - people don't yet know about your awesome products and services. It is essential that you get the word out to people so that they can become your customers. Justin looks at the basics of Marketing and Advertising for a small business and the various considerations, strategies, and costs involved. Don't forget to subscribe, and let u...

If you are providing a product or service, chances are good that you're buying products and services yourself. Justin discusses several key points that should be considered when working with vendors and suppliers. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:  BLOG: Win-Win Negotiation... How to Get the Best Prices from...

The type of Entity that you pick for business will have many legal pros and cons. Taxes, varying degrees of liability, and types of protection are all affected by your business entity. Consulting with your team's legal expert will help you decide which one best suits your small businesses needs. Justin goes over the differences between the various entities with legal expert Lee Popkin of Long, Rag...

When you're starting out, or even once you've got going, you'll want the best people to be on your team to help develop and grow your business. Justin goes over some great tips on hiring employees and shares his process of making sure he gets the right staff member for the job. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT...

In business, accidents and life happen. To protect yourself and your business from these events you'll need the right insurance coverage for the various aspects of your business for when things go wrong. Justin talks to Matthew Bryan of Hitson, Crumb & Blazer Insurance about the types of business insurance, and how to go about getting covered. Don't forget to subscribe, and let us know how we are...

To effectively run a business there are a number of systems and workflows that should be implemented from the beginning, to ensure smooth business processes, and avoid headaches later on! Justin briefly goes over each of the various systems and explains the what and why. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG...

To start a business, you will need money to start and keep things moving. Justin looks at the 12 most common means of financing a start-up business, giving a brief overview of each method and its respective benefits and limitations. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:  BLOG: Investor vs. Bank Loan - Which is th...

When starting a business, it's a good idea to choose a formal business entity that best suits your type of business and give it legal standing. Justin gives an overview of the different types of entities startups and existing businesses can choose from, listing the pros and cons of each, as well as the documentation required to set them up. Don't forget to subscribe, and let us know how we are doi...

Having the right advisory team in place can make the difference between your business winning gold or getting the wooden spoon. Justin goes over the different players you'll need on your business team, as well as their roles in making your business a success. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:   BLOG: 6 Must-Ha...

Having all of your financial ducks in a row before starting out on a new business will increase the likelihood of success and fewer headaches further down the road. Justin looks at three key areas where entrepreneurs should check their financials before getting started. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TIME INDEX: 00:31 - Prepar...

In this episode, Justin interviews Johnathan Mills Patrick, a former banking executive, financial advisor, and 3x startup founder Jonathan Mills Patrick has worked in many fields pertaining to Business development, from banking to finance, consultant to mentor. He has had three startup businesses of his own and has learned from each experience and written several books on the subjects of his exper...

A Business Plan is comprised of several different sections, each detailing separate aspects of the Business. Justin goes over each section of the Business Plan, explaining what is required and why. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:   BLOG: 7 Questions to Answer When Conducting a Market Analysis for a Startup  ...

Failure to plan is planning to fail, as the saying goes. Whatever the undertaking, it's a good idea to have a solid strategy in place to chart a course and deal with any eventualities that may occur, whether it's a cross-country trip, or starting up a business. Justin goes over the introductory basics of having a Business Plan - the what, why, when, and what again. Don't forget to subscribe, and l...

What qualities make for a successful entrepreneur? Justin looks at the various definitions of an Entrepreneur, and the characteristics that define them, as well as gives his take on what makes someone successful. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:   BLOG: Do You Have an Entrepreneurial Personality?   TIME INDEX...

Welcome to the newest podcast series from Financially Simple: Starting a Business. Justin Goodbread, as a financial planner with years of business planning and growth, is talking to you... someone that is considering starting a business.  In this podcast, he talks about the thought processes and intent of starting a business, as well as what will keep you motivated and on track. Don't forget to su...

In episode 40 of Financially Simple, Justin talks to Ben Wells about ESOPs. Ben Wells is an attorney at Law and a certified CEPA. Justin talks to Ben about Employee Stock Ownership Plans or ESOPs - what they are, how they work, and who they're right for. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! BLOG/TRANSCRIPTION:  BLOG: Pros and Cons o...

In episode 39 of Financially Simple, Justin interviews Chris Snider of The Exit Planning Institute. Chris Snider is a Certified Exit Planning Advisor, author of Walking to Destiny: a Guide for Business Owners, CEO of Aspire Management, and President of the Exit Planning Institute. Justin talks to Chris about the Exit Planning Institute, the ins and outs of Exit Planning, valuing your Business, and...