Financially Simple - Business Startup, Growth, & Sale

100 EpisodesProduced by Justin GoodbreadWebsite

The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 … read more

episodes iconAll Episodes

The Basics of the 401k

September 16th, 2019

20:35

In episode 191 of Financially Simple, Justin talks to Jennifer McConnell of July Business Services about the basics of a 401k fund.

401k funds are …

The Small Business Owner’s Guide to the Solo 401k

September 12th, 2019

20:38

In episode 190 of Financially Simple, Justin goes over Solo 401k Funds.

If you are a Solopreneur, independent contractor, or individual business …

Why Would One Choose a SIMPLE 401k Instead of a SIMPLE IRA, or a Regular 401k Plan?

September 9th, 2019

16:24

In episode 189 of Financially Simple, Justin takes a looks at SIMPLE 401ks.

401ks, SIMPLE IRAs, and now SIMPLE 401ks - the options for a Small Business owner to choose from for their employees’ retirement funds can be …

SEP IRAs in All Their Coolness!

September 5th, 2019

20:08

In episode 188 of Financially Simple, Justin looks at Simplified Employee Pension IRAs.

A SEP IRA allows Business Owners and the Self-Employed to contribute to their IRAs, using few nifty tricks. Justin explains why SEP …

What is a SIMPLE IRA and When Should I Use It?

September 2nd, 2019

19:29

In episode 187 of Financially Simple, Justin goes over SIMPLE IRAs.

A SIMPLE IRA is a Savings Incentive Match Plan for Employee IRA, which is a tax-deferred retirement plan allowing for investment. Justin explains the …

A Business Owner’s View of IRAs and ROTHs

August 29th, 2019

22:59

In episode 186 of Financially Simple, Justin compares IRAs and ROTHs from a Business Owner’s perspective.

IRAs and ROTHs may appear to be similar on the surface of things, but when it comes to investing as a Business …

Investment Overview for Business Owners

August 26th, 2019

17:11

In episode 185 of Financially Simple, Justin begins to look into Personal Finance for Business Owners.

There are a lot of choices when it comes to investing with regard to personal finance. Justin gives an overview of …

The Exhaustive List of Trusts Used for Planning

August 22nd, 2019

26:51

In episode 184 of Financially Simple, Justin lists the 39 types of Trust useful for planning.

There are a lot of different Trusts available, and …

The 9 Basic Types of Trust

August 19th, 2019

19:05

In episode 183 of Financially Simple, Justin gives an introductory overview of the types of Legal Trusts available.

A Trust can be used for various reasons to safeguard your wealth, and to protect your dependents. …

Other Key Estate Planning Documents

August 15th, 2019

15:03

In episode 182 of Financially Simple, Justin looks at the other documents necessary along side a Last Will and Testament.

Besides the Will, there are …

Key Points You May Want to Consider in Your Last Will and Testament

August 12th, 2019

17:16

In episode 181 of Financially Simple, Justin continues his discussion on Last Will and Testaments.

Having a Last Will and Testament will ensure that your assets are dispersed to your wishes, if you get the details …

The Key Point of a Last Will and Testament

August 8th, 2019

22:06

In episode 180 of Financially Simple, Justin gives Last Will and Testaments the Financially Simple treatment.

What will happen to your estate and possessions when you die? Who will be responsible for administering your …

Group Health Insurance for Businesses

August 5th, 2019

24:50

In episode 179 of Financially Simple, Justin talks to Michael Crane of The Crane Group about Group Health Insurance.

Group Health Insurance can be used to provide coverage to employees, at a reduced cost for the …

Individual Health Insurance - Interview with Expert Michael Crane

August 1st, 2019

22:23

In episode 178 of Financially Simple, Justin talks to Michael Crane of The Crane Group about Health Insurance.

Getting the right Health Insurance …

How to Pay For Long-Term Care

July 29th, 2019

26:50

In episode 177 of Financially Simple, Justin discusses Long-Term Care policies and coverage with expert Jim Detar.

Long-Term Care policies have …

Long-Term Care - What is It and How Do You Plan for It?

July 25th, 2019

20:02

In episode 176 of Financially Simple, Justin continues his analysis of Risk Management by looking at Long Term Care and how it can affect you as a business owner.

Long-Term Care is an increasing problem - as people live …

Business Overhead Disability Insurance

July 22nd, 2019

9:45

In episode 175 of Financially Simple, Justin gives a quick overview of Business Overhead Disability Insurance.

While Disability Insurance will cover you and your family if you are injured and unable to work, Business …

What is Disability Insurance And Why Does it Matter?

July 18th, 2019

21:09

In episode 174 of Financially Simple, Justin takes a look at Disability Insurance and considers whether or not it is necessary.

Life happens - unexpected events occur that can take you out of the game, and can leave you …

Should I Purchase a Life Insurance Policy to Fund My Retirement?

July 15th, 2019

20:04

In episode 173 of Financially Simple, Justin asks whether or not as a Business Owner you should get a Life Insurance policy to fund your retirement.

Life Insurance 101 For Business Owners

July 11th, 2019

21:10

In episode 172 of Financially Simple, Justin goes over the basics of Life Insurance.

Part of risk management is taking care of business and your …

What is an Umbrella Policy And Why Do You Need One?

July 8th, 2019

16:33

In episode 171 of Financially Simple, Justin looks at Umbrella Insurance policies.

Your typical insurance coverage only goes so far, and if the claim …

Home Owners Insurance 101

July 3rd, 2019

17:03

In episode 170 of Financially Simple, Justin takes a look at the basics of Home Owners’ Insurance Policies.

Part of risk management for any small …

Auto Insurance 101

July 1st, 2019

23:28

In episode 169 of Financially Simple, Justin gives an overview of Auto Insurance.

Your car is an asset, and as such it should be protected, by law in …

How Business Owners Can Reduce Their Insurance Expenses

June 27th, 2019

22:55

In episode 168 of Financially Simple, Justin compares types of Insurance Providers.

As a Business Owner it pays to have the best coverage for yourself and your business. Justin looks at Insurance, and compares Captive …

What Type of Mortgage Should a Business Owner Have?

June 24th, 2019

26:08

In episode 167 of Financially Simple, Justin looks at the type of Mortgage a Business Owner should have.

When taking out a Mortgage, it’s worth …

How Much Should a Business Owner Pay for a House?

June 20th, 2019

16:34

In episode 166 of Financially Simple, Justin considers how much as a Small Business Owner you should spend on buying a house.

Everyone wants to live …

What is The Cheapest Way to Buy a New Car?

June 18th, 2019

18:06

In episode 165 of Financially Simple, Justin shares a personal case study of his own on buying a new car for less.

Buying a new car is often the second greatest expense for most people, so is it possible to save money …

Should a Business Owner Lease or Buy a Car? Weighing the Pros and Cons

June 13th, 2019

22:13

In episode 164 of Financially Simple, Justin compares Leasing and Buying a car as a Small Business Owner.

If you’re planning on getting a new vehicle some time soon, you might be wondering whether it’s better to buy or …

Should a Business Owner Depreciate Their Car or Take a Mileage Deduction?

June 10th, 2019

12:48

In episode 163 of Financially Simple, Justin goes over the two methods of claiming tax back on your vehicles.

Should you depreciate the value of your …

49 Possible Tax Deductions for Small Business Owners

June 6th, 2019

22:26

In episode 162 of Financially Simple, Justin lists 49 deductions to reduce your tax bill.

There are a number of ways to reduce the amount of tax payable as a Small Business Owner, some conventional others… not so much. …

How to Pay 0 Taxes on Capital Gains Tax

June 3rd, 2019

16:25

In episode 161 of Financially Simple, Justin looks at ways to reduce or even avoid paying Capital Gains Tax.

Capital Gains Tax is an Income Tax that is applied to any money you make from the sale of an Asset. Justin …

How to Lower a Business Owner’s Taxable Income

May 30th, 2019

28:55

In episode 160 of Financially Simple, Justin gives 19 ways to reduce a Business Owner’s taxable income.

As a Small Business Owner, cutting costs and saving money is of immense benefit - especially when it comes to …

How to Retire Before Age 59.5 and Not Pay The 10% Penalty

May 27th, 2019

18:55

In episode 159 of Financially Simple, Justin looks at several ways to withdraw money from your retirement funds before you’re 59.5 years old.

If …

When Should a Business Owner Start Social Security?

May 23rd, 2019

21:28

In episode 158 of Financially Simple, Justin takes a look at when you should start claiming on your Social Security.

As retirement approaches, you …

A Business Owner’s Employed Spouse Receives a Bonus: How Should We Deal With It?

May 20th, 2019

17:00

In episode 157 of Financially Simple, Justin looks at the possible gains and pitfalls that can be had when a spouse receives a bonus from their employer.

Receiving a money bonus for your work is great! But, what if it’s …

Should I Pay My Special Needs Child From My Business?

May 16th, 2019

39:19

In episode 156 of Financially Simple, Justin talks to Jonathan Peyton of Horizon Ridge Wealth Management about creating financial security for a Special Needs child.

Making sure that your children and loved ones are …

I Have an Old Pension, What Should I Do With It?

May 13th, 2019

17:52

In episode 155 of Financially Simple, Justin takes a look at Pensions.

 

RELATED BLOG: https://financiallysimple.com/income-life-strategy-10-manage-pension-fund-payments/

If you’ve been working for any length of time …

What Should I Do With an Inheritance?

May 9th, 2019

26:12

In episode 154 of Financially Simple, Justin looks at the various types of Inheritances and how best to handle each. RELATED ARTICLE: https://financiallysimple.com/inherited-money-now/

Receiving an Inheritance from a …

How To Help Your Family - Make Quick Income

May 6th, 2019

13:24

In episode 153 of Financially Simple, Justin looks at a few ways to earn a little side income to your business.

RELATED READING: https://financiallysimple.com/make-extra-income-while-grow-business/

At times cash flow …

How Often Should I Evaluate My Budget?

May 2nd, 2019

12:39

In episode 152 of Financially Simple, Justin considers how often small business owners should go over their budget.

Life happens, and when it does it …

Can I Really Rent My House to My Business?

April 29th, 2019

17:46

In episode 151 of Financially Simple, Justin goes over the process of renting your Home for your Business.

Can you legally rent your own home, or other property, to your business and get a tax break in the process? …

Should I Pay My Children From The Business?

April 25th, 2019

20:32

In episode 150 of Financially Simple, Justin looks at how and why you might imply your children in the family business.

If you’re paying your kids …

Should I Put My Spouse on the Business Payroll?

April 22nd, 2019

22:28

In episode 149 of Financially Simple, Justin looks at how to approach putting your spouse on your business’s payroll.

There can be a number of …

What Can You Do With The Extra Money Each Month In Your Budget?

April 18th, 2019

14:33

In episode 148 of Financially Simple, Justin considers what you can do with your excess income.

If you’ve got your monthly budget covered, and have a …

How Can I Build a Budget That I Can Actually Keep?

April 15th, 2019

17:33

In episode 147 of Financially Simple, Justin goes over how you can create a budget that you can stick to.

Keeping your personal finances in check can …

How Do I Determine How Much to Pay Myself?

April 11th, 2019

10:22

In episode 146 of Financially Simple, Justin looks at how much you should pay yourself.

Wants, needs, savings for retirement - all of these are what …

How Should I Pay Myself & How Frequently Should I Pay Myself from the Business

April 8th, 2019

16:40

In episode 145 of Financially Simple, Justin considers how often business owners should pay themselves, and how often.

No matter if you are just …

Personal Cashflow - Where Should the Money Go

April 4th, 2019

11:27

In episode 144 of Financially Simple, Justin looks at the relationship between Personal Cashflow and Your Business.

Money matters, at home and in business - one affects the other. Justin explains why Personal Cashflow …

Behavioral Finance - Emotions that Drive Our Financial Decisions

April 1st, 2019

22:24

In episode 143 of Financially Simple, Justin looks at the various types of bias that people can have with regard to Personal Finance.

Hardly anyone …

Financially Simple: Season 2 - Personal Finance for Small Business Owners

March 28th, 2019

22:02

In episode 142 of Financially Simple, Justin kicks off Season Two of the podcast with a run down of what to expect in the upcoming episodes.

In Season Two of the Financially Simple Podcast, Justin turns his attention to …

Buying Cars with Clay McGee

March 25th, 2019

36:06

In episode 141 of Financially Simple, Justin talks to Clay McGee, finance director of Rusty Wallace Kia, about purchasing a car.

Buying a new car can …

Additional Business Insurance Your Company May Need

March 21st, 2019

15:05

In episode 140 of Financially Simple, Justin looks at additional insurances that might be required by your business.

Along with the main types of Business Insurance, there are some selective insurances that may be …

Insurance to Protect from Lawsuits

March 18th, 2019

13:13

In episode 139 of Financially Simple, Justin goes over the various types of Business Insurance.

Accidents happen, along with natural disasters and acts with unintended consequences. In such instances, you’ll be glad you …

Litigation and the Effect on a Company’s value

March 14th, 2019

13:44

In episode 138 of Financially Simple, Justin discusses the L word - Litigation.

No business owner wants to experience it - the possibility of being sued. Justin goes over the What, Why and How of litigation, and …

Intellectual Property

March 11th, 2019

27:26

In episode 137 of Financially Simple, Justin discusses Intellectual Property law with Roby Robinson.

If you business has any patents, copyrights, …

Contracts: The Basics

March 7th, 2019

14:28

In episode 136 of Financially Simple, Justin gives a brief overview of Contracts.

If it’s not in writing, it didn’t happen - all the more reason to make sure when you’re running a business you plan to sell, that the I’s …

Financing Considerations for Value Growth

March 4th, 2019

15:50

In episode 135 of Financially Simple, Justin goes over the financials a Business Owner must consider when preparing to sell.

Most Businesses will use some form of financing to assist with the growth and development of …

The Employee Handbook & Additional Documents

February 28th, 2019

15:12

In episode 134 of Financially Simple, Justin looks at the Employee Handbook and additional documents.

The Employee Handbook is the foundational document upon which a business is based, from its core values to the …

The Employment Agreement

February 25th, 2019

15:27

In episode 133 of Financially Simple, Justin goes over the fundamentals of an Employment Agreement.

An Employment Agreement is a legally binding …

The Risk Management Department: Entity Selection

February 21st, 2019

14:59

In episode 132 of Financially Simple, Justin looks at the Legal aspects of Entity Selection.

When establishing your business, it is important to make sure the business is registered with the appropriate authorities as …

The Risk Management Department

February 18th, 2019

5:35

In episode 131 of Financially Simple, Justin outlines the coming series on having a Best in Class Risk Management Department.

Risk Management can be categorised as Legal and Insurance, and each of those can be further …

5x5x5 for Business Value Growth

February 14th, 2019

15:27

In episode 130 of Financially Simple, Justin wraps up this series on Best in Class Finance with a look at the 5x5x5 method.

A simple strategy, but …

How to Build Financial Stability in a Small Business for Maximum Value

February 11th, 2019

14:56

In episode 129 of Financially Simple, Justin answers a listener’s question on achieving financial stability.

Having financial stability in your business is like having smooth, calm waters to go fishing. And having a …

The 11 Different Taxes a Small Business Owner Could Pay

February 7th, 2019

15:44

In episode 128 of Financially Simple, Justin goes over the numerous taxes that Business Owners can face.

Nothing can be said to be certain except death and taxes, and in the case of a business, a lot of taxes. Justin …

The Financial Reports Business Owners Must Examine

February 4th, 2019

21:24

In episode 127 of Financially Simple, Justin begins his deep dive into having a best in class Finance Department for maximum value growth by looking at the different types of Financial Reports.

Financial Reports can …

How to Build a Custom Pro Forma

January 31st, 2019

26:07

In episode 126 of Financially Simple, Justin looks at creating a Pro Forma for your Business.

A Pro Forma is a living document that will act as a record of a business, and will also allow you to make certain predictions …

Zero Based Budgeting vs. Incremental Budgeting

January 28th, 2019

13:36

In episode 125 of Financially Simple, Justin compares Zero Based Budgeting and Incremental Budgeting.

Knowing how much your business will required to achieve a certain goal is essential to avoid problems in running the …

How to make Your P&L tell a Story

January 24th, 2019

15:35

In episode 124 of Financially Simple, Justin continues his deep dive into creating a best in class Financial department in your business, by looking …

Tips for Managing Accounts Payable

January 21st, 2019

18:05

In episode 123 of Financially Simple, Justin lists his tips for managing Accounts Payable.

Keeping track of expenses and making sure the bills are paid on time! Justin gives 19 tips on how to best manage the tasks, and …

Tips to Manage Accounts Receivable

January 17th, 2019

18:11

In episode 122 of Financially Simple, Justin gives some tips on managing your Accounts Receivable.

How to get paid, without any hassle, and on time - it makes running a Business much easier! Justin lists 19 tips on …

How Much Cash Should My Business Hold?

January 14th, 2019

14:28

In episode 121 of Financially Simple, Justin advises on how much cash a Business should have on hand.

Money in the bank is always good to have, …

The Role of a CFO/CPA

January 10th, 2019

15:05

In episode 120 of Financially Simple, Justin continues his deep dive into a Best in Class Finance Department looking at the role of a CFO/CPA.

Many …

An Introduction to Best in Class Finance Departments for Maximum Business Value

January 7th, 2019

13:43

In episode 119 of Financially Simple, Justin begins a series of episodes looking at having a Best in Class Finance Department for maximum value growth.

Many individuals and business owners lack the knowledge of proper …

The Elements of a Good Operations Management System

December 20th, 2018

22:32

In episode 118 of Financially Simple, Justin looks at what makes for a Good Operations Management System.

A Business’s Management Systems are the fundamental processes that keep a Business running on track. Justin goes …

What is Lean Management and Continuous Improvement?

December 17th, 2018

18:15

In episode 117 of Financially Simple, Justin gives an overview of what Lean Management is and how it applies to both Manufacturing and Service Businesses.

Lean Management and Continuous Improvement can be thought of as …

The History of Operations Management

December 13th, 2018

24:24

In episode 116 of Financially Simple, Justin looks at the history of Operations Management.

Business and Industry has come a long way since the …

The Top 3 Operational Problems

December 10th, 2018

17:45

In episode 115 of Financially Simple, Justin looks at the Top 3 Operational Problems.

If the Operational Systems and Management in your Business are not working to add value and growth to the company, you need to start …

The Operating Elements of a Service Business

December 6th, 2018

24:04

In episode 114 of Financially Simple, Justin begins to look at the process of building Operations for Maximum Growth.

To effect growth in your Business, having well managed Operating Systems is a must no matter how big …

Operations Department vs. Operations Systems

December 3rd, 2018

21:21

In episode 113 of Financially Simple, Justin takes a look at Operations and Systems within a Business.

The Operations of a Business will effectively run the Business. How well those Operations Systems work, will …

The Employee Systems needed for Maximum Value

November 29th, 2018

18:09

In episode 112 of Financially Simple, Justin looks at Seven Key Processes that a Business Owner should have in place for their Employees.

Having set …

How to Conduct a Performance Review with Your Team

November 26th, 2018

22:53

In episode 111 of Financially Simple, Justin goes over the process of conducting a Performance Review.

Continual and regular evaluation of your Team …

How to Use Performance Reviews for Value Growth

November 22nd, 2018

16:40

In episode 110 of Financially Simple, Justin talks about Employee Performance Reviews as a tool for growth.

Performance Management is key to …

How to Retain Your Team Forever

November 19th, 2018

18:41

In episode 109 of Financially Simple, Justin looks at ways of retaining members of your team.

Valuing your team members is important, and showing them that they are valued is equally important. Justin goes over several …

12 Ways to Grow Your Employee Team

November 15th, 2018

21:09

In episode 108 of Financially Simple, Justin examines 12 ways to grow your Employee Team.

As your business grows, and you expand your team of employees, it’s important to consider make sure that they’re the right fit …

How to Affect Cultural Change

November 12th, 2018

18:03

In episode 107 of Financially Simple, Justin looks at ways to affect cultural change within a business.

Changing the the culture and values of an …

The Three Key Areas to Address for Maximum Value Alignment

November 8th, 2018

9:37

In episode 106 of Financially Simple, Justin looks at maximising the Value Alignment of a business.

Sharing the same values throughout the different operational levels of your business is important in achieving harmony …

How to Build the Best Company to Work For: Part 2

November 5th, 2018

16:21

In episode 105 of Financially Simple, Justin continues his examination of Company Culture.

Sometimes the leaders at the top are unaware of issues in …

How to Build the Best Company to Work For

November 1st, 2018

19:23

In episode 104 of Financially Simple, Justin looks at Company Culture.

The culture of a company will determine whether people want to work there, …

How to Build a Great Team

October 29th, 2018

26:40

In episode 103 of Financially Simple, Justin begins to look at how to build a great Team.

There are a number of factors to consider when building your business’s Team of players. Justin goes over his 14 main …

Is Marketing Worth It?

October 25th, 2018

24:21

In episode 102 of Financially Simple, Justin considers the merits of having a Marketing strategy for your Business.

Building a Marketing plan for your Business is complicated and can cost a fair amount to implement - is …

Branding Your Business Using the "4-C's"

October 22nd, 2018

16:57

In episode 101 of Financially Simple, Justin looks at Branding as part of a Business’s Marketing Strategy.

The Branding of your business makes it clear to identify, recognizable, and conveys a message. Justin defines …

One Hundred Episodes!

October 18th, 2018

14:13

In episode 100 of Financially Simple, Justin looks back on the last 99 episodes and gives a teaser of what’s still to come.

Episode 100!!! Justin gives a short retrospective of the podcast, listing some of his favourite …

Market Positioning

October 15th, 2018

21:37

In episode 99 of Financially Simple, Justin goes over the Market Positioning of your Business.

Where does your Business stand in the market that it works in? What do your customers and potential customers think of the …

Utilizing Marketing to Its Fullest Potential

October 11th, 2018

22:55

In episode 98 of Financially Simple, Justin looks at the basics of a Marketing Plan.

A good Marketing Plan that is well executed will increase the profitability of your business, recoup any expenses, improve your …

So Many P's - The Basic Elements of Marketing

October 8th, 2018

19:35

In episode 97 of Financially Simple, Justin begins looking at Marketing.

Understanding the principles of Marketing is fundamental to making sales, and growing your business. Justin goes over what Marketing is, and the …

Managing Your Sales Team

October 4th, 2018

10:38

In episode 96 of Financially Simple, Justin considers how to best manage your Sales Team.

Once you have put together your Best in Class Sales Team, and have ascertained how to make the team productive, it’s important to …

Creating a Best in Class Sales Compensation Plan

October 1st, 2018

17:12

In episode 95 of Financially Simple, Justin looks at developing Compensation Plans for a Best in Class Sales Team.

If you’ve done a great job and hit all your targets, it’s satisfying - even more so if you’re well …

Building a Best in Class Sales Team

September 27th, 2018

16:08

In episode 94 of Financially Simple, Justin looks at 5 steps you need to take when hiring members of a Best in Class Sales Team.

When you are putting together your sales team, there are some specific steps that you …

What is a Best in Class Sales Team?

September 24th, 2018

19:01

In episode 93 of Financially Simple, Justin looks at the sales team, what makes them great, and systems that help you manage this team.

A Best in …

What is a Best in Class Sales Funnel? The Modern Sales Process

September 20th, 2018

23:18

In episode 92 of Financially Simple, Justin takes a look at the Sales Funnel process.

Effectively converting client’s interests into sales is a priority for any business. Justin goes over the Sales Funnel process, …

Loading ...

Listen to Financially Simple - Business Startup, Growth, & Sale

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
https://financiallysimple.libsyn.com/rss

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens