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The 2 Cents Business Podcast with Joyce M. Washington, CPA: Money isn't the easiest topic to talk about, especially when there's misinformation and a bunch of jargon to contend with. That's why I created the 2 Cents Business Podcast to bust money myths and cover business money topics like budgeting, business planning, business growth, cloud bookkeeping, team building and profitability without all of the bookkeeping and accounting jargon. Join me every Monday to dive into the money & metrics ...
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Success leaves clues...if you pay attention you can use your past to efficiently & effectively plan for your future. A future that makes sure that your business is as profitable as possible as soon as possible. In this episode, I will run you through my planning process for the year and how I break it down to the quarter and months for optimal prof…
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This episode is a bit of a rant/what grinds my gears because I’m tired of seeing small business owners taken advantage of by so-called virtual bookkeepers. What kicked this up for me was seeing a post about rules for a group that didn’t want there to be “negativity” in the group surrounding calling out inexperienced bookkeepers. So in this episode,…
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031 - Coaching Vs Consulting - What's the difference?
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11:54
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The difference between coaching vs consulting is subtle but there IS one...and it’s one that could make or break your business. I know it is dramatic but true. That’s why we’re going to settle the debate between the two and give you a few clues as to who you need and when in your business. Highlights of this episode: 01:47 The great debate between …
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030 - Stop Fighting Profit First: Implementation Tips & Alternatives
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28:56
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28:56
Profit First is still a thing. Although the concept is easy enough to grasp, for some CEOs, implementation can be elusive. In this episode, I walk you through if the Profit First system is right for you and your business, as well as - what it is (and isn’t), how to implement it, who it works best for, does it actually work...some alternatives and r…
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029 - Messy Money Costs Money: Steps To Clean Up Your Accounting Records
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21:31
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Messy bookkeeping and accounting that has gone undone and unchecked for too long can cost you not only money but time and tax deductions. If you’d like some assistance with tidying up your messy accounting records, schedule a consultation so that we can chat about how we can work together. Highlights of this episode: 00:48 A few ways that messy acc…
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028 - Online Business Strategies: What’s Working and What’s Not
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21:49
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Getting started and staying motivated can be hard. Especially if you’re going it alone and it seems like everybody is doing all of the right things and you’re not. If you’re feeling like for every step forward, you get knocked back 5. In this episode, I’m talking about the top 3 online business strategies that aren't working as well as they used to…
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027 - Quarter In Review: My Q3 CEO Debrief
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12:28
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Quarterly CEO/CFO debrief is on tap for this episode...Not only do I run through a sampling of the questions I ask myself and my clients but I also run through the answers. Did I hit my revenue target this quarter? What am I going to focus on in the fourth quarter? You’ll have to listen to find out. Highlights of this episode: 01:42 The questions t…
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026 - Kill The Vanity Metrics - Challenge Wrap Up
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6:33
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Over the course of 3 days - via 3 episodes, I conducted the Kill The Vanity Metrics Challenge. To practice what I preach, I wanted to give you a little peek behind the scenes, to recap and discuss my goals and metrics as they pertained to the challenge. Highlights of this episode: 01:07 my 2 fold goal for the challenge (growing my email list & grow…
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025 - Kill The Vanity Metrics Challenge - Day 3
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12:14
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The episode is the big finish… number 3 of 3 day Kill The Vanity Metrics Challenge where we are focusing on the metrics that matter and help you to maximize your productivity and profitability. Highlights of this episode: 01:23 How you finally tie day 1 and day 2 together with a bow 02:00 Recap of day 2: select 1 mirror metric from each of the 3 ca…
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024 - Kill The Vanity Metrics Challenge - Day 2
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This is episode 2 of 3 day Kill The Vanity Metrics Challenge where we are focusing on the metrics that matter and help you to maximize your productivity and profitability. Highlights of this episode: 01:29 Find you “mirror metrics” 01:40 All about Mirror Metrics… and what they heck they are 03:04 The 3 types of metrics to focus on 06:52 Your day 2 …
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023 - Kill The Vanity Metrics Challenge - Day 1
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7:42
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Focus on the metrics that matter and help you to maximize your productivity and profitability with the Kill The Vanity Metrics Challenge. This episode is day 1 of 3 fun filled days. Each episode contains a task in the form of a question or action… and an invitation to compete in the #KillVanityMetricsChallenge contest because healthy competition ne…
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022 - A Conversation About Decluttering Your Life with Heather Clark
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37:15
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In this episode, I welcome Heather Clark of HomeAndOfficeDetox.com as my guest to have a conversation about decluttering your life. Clutter can arise in various ways, shapes and forms. From the physical to the digital to the mental clutter and it can wreak havoc on your health and well-being. Every problem has a solution so we discussed not only th…
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021 - Do Less/Play More...Outsourcing Like A Boss
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22:21
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Outsourcing doesn’t have to be a chore… it’s actually one of my go to when it comes to growing and scaling my business. The step that I recommend taking before hiring a more permanent team (aka employees). But before you go on a team building spree, you have to know the 3 tests that defines an independent contractor relationship...and pass them. On…
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020 - Time or Money...Bootstrapping Like A Boss
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14:47
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Starting and growing a business is a bit of a dance… and a bit of a game. Imagine a seesaw, one that balances time and money. At the beginning, and throughout the dance of business ownership, there’s a constant strive to balance them. There will be times when you have more time than money...and times when you have more money than time. But what abo…
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What do chess and business strategy have in common? A heck of a lot if you ask me… In this episode, I walk through my process of treating strategic business planning like a game of chess…thinking more than 3 moves ahead and you’ll win at successfully achieving any business goal you set for yourself. Highlights of this episode: 01:18 Why strategic p…
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018 - A Conversation About Credit Breaches with Nikki Tucker
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47:52
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My very first guest episode is with my gal pal, Nikki Tucker. She’s a personal finance phenom and we talk about all things credit, including how to handle the recent (and not so recent) credit breaches that have impacted millions… maybe even you. In this episode, we’re talking about everything from personal credit, how the breaches not only impact …
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017 - Procrastination is Costing You Money
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19:17
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There are few things that kill momentum and cost you more money than procrastination. Lack of planning, and lack of productivity don’t exact;y help the cause either. I know because I admit it, I’m a recovering procrastinator. For instance, it took me a week longer than it should have to get off my axx and batch record the podcast episodes for Augus…
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016 - Bank Reconciliations: The What, When, & Why
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8:07
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Bank reconciliations aren’t just for bookkeeping and accounting professionals. They aren’t some useless report that we like to do for the heck of it… This is a report that can actually save you for losing money… so I bet you’re wondering… What the heck are bank reconciliations? And why do you need to do them? (yes, NEED)... and since you NEED to do…
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015 - Getting Paid: How To Pay Yourself (Part Two)
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10:55
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Still not sure how to pay yourself from your business? Or what to pay yourself? Or how much you should put to the side to pay income taxes? Last week, we discussed deciding what you should pay yourself as a solopreneur (DBA, single member LLC treated as a sole proprietor, etc)... but what do you do when you’re a S-Corporation, C-Corporation, etc? D…
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014 - Getting Paid: How To Pay Yourself (Part One)
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9:06
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Not sure how to pay yourself from your business? Or what to pay yourself? Or how much you should put to the side to pay income taxes? There are a lot of percentages and formulas floating all around but is it right for you and your business? How can you be sure? Deciding what you should pay yourself as a business owner can be a confusing matter to r…
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013 - Getting Paid: Do You Need A Separate Bank Account For A DBA
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11:48
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Wondering if you need a separate bank account as a DBA? As a sole proprietor? As a solopreneur? When you start a business, there are a lot of things to do. It’s really easy to be unsure of yourself. What do you NEED to do right now? What can you save for later? In this episode, I answer the question “Do I really need a separate bank account for my …
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012 - Quarter In Review: My Q2 CEO Debrief
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17:45
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What is a CEO Debrief? What does a CFO really do? I’m so glad you asked! In this episode, I run through a sampling of the questions I ask myself and my clients each and every quarter to get down to what’s working and what’s not working...so that I can help them hit and exceed their money targets. Mentioned in this episode: The 12 Week Year by Moran…
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011 - Getting Paid: How To Request Payment
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11:25
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Requesting payment for outstanding invoices doesn't have to be a manual affair. Chasing invoice payments isn't fun...especially if it leaves you stuck in your inbox when you'd rather be following your purpose and providing extraordinary services to your clients. Once you have all of the tech stack pieces in place, this is actually something that yo…
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010 - Getting Paid: Ways To Transfer Money
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15:25
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For the record, not everyone is a scammer. There are way more legitimate businesses out there than those that are out here scamming people. So imagine how shocked I was when that was the overall sentiment in a recent group discussion. I get it, sometimes we don't know what we don't know. In this case, the original poster had expressed concerns beca…
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009 - Bookkeeping Basics You Can't Ignore
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13:55
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Bookkeeping can be intimidating and a bit overwhelming but it doesn’t have to be. It can (and should be) a tool that you can use to plan and scale your business… sooner than later. In this episode, I’m giving you four quick tips to get you on board with bookkeeping. Just the basics. Afterall, we have to start with a foundation, right? RIGHT! Mentio…
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008 - 3 Bad Money Habits That Drive Your CPA Crazy
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11:39
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These 3 bad money habits not only drive your CPA crazy… but they're probably killing your productivity AND your profits. In this episode, I’m giving the 3 things that drive me absolutely bonkers about messy money habits… and what you can do to turn it around quickly! Mentioned in this episode: 3 bad money habits Money & Metrics episode upcoming mon…
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Building a growing, thriving, successful business isn’t a given. It won’t just fall out of the sky… you can’t just build it and the customers will come. Over the years, I’ve made a few observations, my informal case study, into what makes for a successful business. Mentioned in this episode: The crazy stats - few businesses make it to their 5 year …
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Six Figures isn’t all that it’s cracked up to be, especially when there seems to be a moving target & every changing definition that suits the exclaimer… I’m calling BS on 6 figure claims in marketing…it’s bothersome and frustrating unless you ask the right questions and shift your focus. It’s easier than you think and it’s probably not what you th…
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Tax time can be stressful for anyone but it really doesn’t have to be. As a reformed tax preparer, I have a few tips, tricks & hacks that will de-stress tax time for you, your family and your tax person (if you have one). Mentioned in this episode: What to do before, during and after you do your taxes. My favorite thing to do - it may or may not in…
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Every Monday is affectionately referred to as Money & Metrics Monday here with Team Common Cents. It’s when we stop and take stock of our progress and make plans for the coming week. It’s also what we do for our clients on Client Time Tuesdays. Mentioned in this episode: The money numbers we check…and it’s more than just keeping an eye on revenue T…
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003 - Selecting The Right One For Your Business (The Right Accounting Software)
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16:14
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If you’re in any small business groups on Facebook or LinkedIn, you’ve probably seen this question or if you’re running a business, you may have asked this question yourself. “What accounting software should I use?” The question is easy enough but it’s complicated at the same time as it requires a little more information before a thoughtful recomme…
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002 - Fall in love with your business...by the numbers
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22:10
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Falling back in love with your business isn’t easy, especially when you don’t like your business very much anymore because you’re overwhelmed and burned out… That’s what happened to me, Joyce (your host). Take a listen to hear my story, what I did to get that old feeling back and how I rediscovered the why that got me started in the first place. Me…
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001 - What To Expect From The 2 Cents Business Podcast
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In this inaugural episode, our host, Joyce M. Washington, CPA, introduces herself and gives you the skinny on why she started this podcast. It may involve some choice words and tears. (Not really). Mentioned in this episode: How this podcast escaped from the idea pile in Asana The backstory of our host, Joyce and the company she started TheCommonCe…
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