Cover art for podcast The Justin Goodbread Show

The Justin Goodbread Show

491 EpisodesProduced by Justin GoodbreadWebsite

Being a business owner can be a lonely profession, but that doesn’t mean you have to go it alone. Our coaches and financial experts will walk you through the topics we small business owners need to navigate today’s challenging business climate - planning, leadership, marketing, sales, people managem… read more

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Farewell

February 22nd, 2024

0:39

An important message from RadioPublic

The Power of Persistence: Unlocking Success for Business Owners

March 18th, 2024

34:15

Persistence is the driving force that sets successful business owners apart. It goes beyond talent, genius, or education, and it is the key to …

A Secret of the Rich: Maximizing Wealth through the Art of Delegation

March 11th, 2024

33:31

Have you ever wondered how some business owners can seemingly produce 10X or 20X more than their competition? You may have heard people ask, "How do you manage to do all that you do?" The reality is that we are all …

Wealthy Business Owners Are Weird

March 4th, 2024

27:43

To "think big" means to have a mindset and approach that is characterized by ambitious, expansive, and visionary thinking. It involves setting high …

Entrepreneur vs. Intrapreneur: Navigating Business Ownership

February 26th, 2024

52:32

In recent years, the allure of entrepreneurship has become a prevalent trend. The idea of being your boss, shaping your destiny, and pursuing innovative ideas has never been more enticing. Yet, beneath the glossy …

The Real Reason You are Broke: The Battle Within, Understanding Fear and Anxiety

February 19th, 2024

33:35

Fear and anxiety are two powerful emotions that every human experiences at some point in their lives. They can be our allies, warning us of danger …

Purpose Beyond Profit: Redefining Success in Business and Life

February 12th, 2024

21:38

Justin Goodbread, host of the Financially Simple podcast, reflects on his 30-year entrepreneurial journey and contemplates the true meaning of success and wealth. He concludes that it's not just about financial …

What I've Learned in 500 Episodes!

February 5th, 2024

31:18

Friends, when I began this venture, I never thought I’d be celebrating such a milestone. The past five years have been such a humbling experience. I’m honored that so many of you have chosen to come along for the ride. …

How to make your Calendar Reflect your Priorities as a Business Owner

January 29th, 2024

20:32

As entrepreneurs, we often discuss our busy work schedules as though they are a badge of honor. While it’s true that owning a business requires a …

How your RIA could bring 8 Figures at it's Sale

January 22nd, 2024

18:12

Most of us started out in business because we had an idea or product to help people. However, the majority of us didn’t start off as business …

Optimize your RIA's marketing by tracking these Items Regularly

January 15th, 2024

28:45

Marketing is one of the eight key areas in business that can directly influence the intrinsic value of your organization. But how can you optimize your RIA’s marketing so that it can help you achieve your dream of an …

How to Communicate and Track Customer Experience to Gain more Loyal Clients

January 8th, 2024

24:55

As business owners, we understand that marketing to attract new clients is necessary. But have you ever considered the important role that marketing …

When should I start Niche Marketing my RIA

January 1st, 2024

31:04

As business owners, it’s often tempting to work with any and everyone. After all, more clients means more money. Right? In service-based businesses, the reality is that taking on every client that walks through your …

Year End Planning for an 8 figure exit

December 25th, 2023

20:18

The end of the year provides business owners with a unique opportunity to evaluate their progress toward their goals and reflect on the accomplishments of their teams. It is also the perfect time for RIAs to work …

Making the Most of your RIA's Marketing Dollars

December 18th, 2023

18:17

Marketing often frustrates us, as financial advisors. We don’t always see an immediate return on our investment. Additionally, when hiring a marketing firm, the costs can quickly escalate well beyond what we intended to …

Return on Investment for RIA marketing

December 11th, 2023

22:01

Oftentimes, as business owners, we take a wrong view of marketing. Because it isn’t foundational to the operation of our businesses, we view …

Protecting Your RIA’s Intellectual Property for a Higher Multiple

December 4th, 2023

25:09

Whether you realize it or not, you likely have some form of intellectual property (IP) in your Registered Investment Adviser (RIA) firm. It could be …

Disclosing Litigation During a Business Sale: What RIA Owners Should Know

November 27th, 2023

25:30

Owning a business is a risky endeavor. This is especially true in the RIA space which is heavily regulated. From civil actions to punitive actions …

Risk Mitigation for the RIA Owner

November 20th, 2023

26:14

In this episode, I’m discussing risk mitigation. More specifically, I’m going to look at the insurance coverages you need to have as an RIA owner. Now, I know insurance may not be the most fun topic, but it is important …

Marketing & Sales Synergy to drive your RIA's growth

November 13th, 2023

23:03

As a financial advisor, it can be easy to forget that sales and marketing are part of what we do. We understand that we have to attract new clients in order to grow our book of business. However, we may not always …

What your Sales projections can tell you about your RIA's health

November 6th, 2023

22:42

Sales projections are important to your organization’s goal identification and planning. But have you ever considered what your sales projections can tell you about the health of your Registered Investment Adviser (RIA) …

The power of No in your Practice

October 30th, 2023

40:59

In the early stages of your Registered Investment Adviser (RIA) firm, it made sense to work with anyone who could fog a mirror. But as your firm …

Fire yourself as the lead producer in your business Pt 2

October 23rd, 2023

33:40

If you’re working toward the eight-figure exit, you can no longer be the top producer in your firm. This means “firing” yourself. But how can you step away if doing so will cause a decline in your sales production?

In …

Fire yourself from being the Lead Producer in your RIA Pt 1

October 16th, 2023

27:26

Sales is the lifeblood of every business. In order to grow, you must attract new clients and gain new revenue. As the owner of your RIA, you’re likely the top producer in your firm. However, this is anathema to the …

10 Steps for Designing an Employee Incentive Program to Fuel the 8-Figure Exit

October 9th, 2023

24:27

Over the past few years, business owners have been through the wringer. From lockdowns to the Great Resignation, simply going to work has presented a …

Reducing Compliance Risk through Operational Processes

October 2nd, 2023

17:16

For many of us, compliance can seem like a dirty word. Too often, this necessary aspect of your RIA is seen as “anti-sales” or as being against …

Driving Profitability through your RIA's Governing Documents

September 25th, 2023

20:57

Have you ever considered that you could drive greater profitability in your RIA (or any other business) through policies and procedures? Think about …

You can't have a Flat Organizational Chart in a Financial Advisory Firm

September 18th, 2023

29:25

The idea of a flat organizational structure has gained steam in recent years. On its surface, it may seem like a good idea. However, without a clear …

Key Performance Indicators to drive your RIA's Operational Efficiency to an 8 Figure Value

September 11th, 2023

16:19

Key Performance Indicators (KPIs) can provide you with invaluable data to determine the health and direction of your RIA. However, with a seemingly endless number of KPIs to choose from, how can you know which ones to …

Building a Committed Team for your 8 Figure Exit: Part 2

September 4th, 2023

22:29

One of the most challenging aspects of owning any business is building a cohesive and committed team. Different personalities and skill sets have very different needs. On top of this, you must also know which …

Building a Committed Team for your 8 Figure Exit Part 1

August 28th, 2023

23:48

Have you ever considered what goes into building a team committed to working through an eight-figure exit with you? The phrasing of that question is significant. You see, building a team requires a great deal of …

Change Management in Preparation for your 8 Figure Exit

August 21st, 2023

22:15

As you work to prepare your business for the eight-figure exit, change is inevitable. What got you here won't necessarily get you there. This is true whether you own an RIA or an auto repair shop. Because of the …

4 Reasons Clients are Leaving your RIA

August 14th, 2023

26:54

Client attrition can be devastating to your goal of achieving the eight-figure exit. We work hard to acquire each client and it can feel deeply personal when they decide to leave. But what causes clients to leave an RIA?

What Are the Key Drivers of Operational Efficiency in your RIA

August 7th, 2023

26:54

As business owners, we understand the importance of operational efficiency. But did you know your RIA's operational efficiencies could be the …

Pass the Baton: Developing FIrm Leadership for your 8 Figure Exit

July 31st, 2023

17:32

If you want to make the eight-figure exit, you need to begin planning for it right now. Too many people fail to realize the complexity of proper …

Inspiring your Firm's Leaders to Make way for your 8 Figure Exit

July 24th, 2023

19:10

Leadership is one of those things that can make or break any business. Great leaders inspire others to become the best possible versions of …

8 Ways to Promote Teamwork in your Senior Leadership Team

July 17th, 2023

17:02

Working toward the eight-figure exit is challenging under normal circumstances. However, attempting to drive real and lasting growth is nearly impossible when your senior management team is operating under a silo …

Is your RIA's Culture Preventing Your 8-Figure Exit?

July 10th, 2023

21:02

As RIA owners, we often make the mistake of thinking that the only way to drive greater profitability is to cut costs. While managing expenses is …

Predictably Planning your 8 Figure Exit

July 3rd, 2023

20:11

As a financial advisor, does it ever feel like you're trudging through mud? You work, and push, and drive to try to reach your goals but no matter …

Strategically Implementing Technology in your RIA

June 26th, 2023

21:24

Technology has come a long way in a very short time. With all of the advancements, financial advisors have access to tools that can help drive …

7 Reasons Your “Ideal” Client will prevent your 8 Figure exit

June 19th, 2023

19:42

Defining the ideal client for your RIA is an important step toward the growth you desire. But what if the ideal client you've identified turns out to be more of a hindrance to your success? In this episode, I discuss …

Intentional Planning to stay ahead of your Competition in the RIA Industry

June 12th, 2023

19:59

Growing your RIA in a highly competitive market can be a difficult task. Not only do you have to monitor the health and scalability of your own firm, …

Maximizing your Business's Financial Performance with KPIs: Insights for Independent RIA Owners

June 5th, 2023

20:05

As a financial advisor, it is possible to set your firm up in such a way that the eight-figure exit is possible. But simply trying to take on more …

Productivity Paradox: How to increase your NOI without burning out

May 29th, 2023

26:31

Whether you're an established RIA or just starting, understanding which of your services is the most profitable can be a game-changer for the growth and direction of your firm. However, you must also view your services …

Why you Need a CFO for your Independent RIA

May 22nd, 2023

27:54

As the owner of an independent RIA, you likely wear many hats. You're an advisor to your clients, but you could also be overseeing compliance, …

Are you Tired of Feeling Broke as a Financial Advisor?

May 15th, 2023

34:18

Owning an independent RIA offers many rewards. You get to work with the clients you want to work with, receive a greater percentage of revenue, and as long as you remain compliant, you have autonomy to do things your …

Independent Financial Advisors: Unlocking Success as Firm Owners

May 8th, 2023

23:13

Like many other types of business owners, Independent Financial Advisors are prone to misunderstanding the true potential of their firms. Far beyond a means to a comfortable living,
your firm is your greatest individual …

For Your Business’s Sake, Let Your Office Manager Manage YOU!

May 1st, 2023

28:54

As a business owner, you're a rock star. You are a master of your trade, and provide your clients with the best experience they can have. But what about all those other areas of business? Are you the best HR director? …

What you and your spouse should expect After Selling Your Business

April 24th, 2023

20:04

Selling your business can be a dream come true. But there are some surprising realizations you and your spouse or significant other will make once the sale is done. In this episode, I discuss some of the lessons I've …

Pros and Cons of Using a Broker to Sell a Business

April 17th, 2023

14:28

Few things in life are as emotional and complex as a business sale. You've poured your blood, sweat, and tears into your business for years—even …

As an established dentist, Should you Open a New Office location?

April 10th, 2023

14:28

Dental entrepreneurs are very near and dear to my heart. Over the years, I've worked with so many of you, and I hear from even more who follow the …

Should I Merge with Another Practice?

April 3rd, 2023

20:40

Making a strategic move to grow your dental practice through a merger is a big decision; one that comes with many moving parts. In this episode, I reveal some of the pros and cons of merging a dental practice to …

Buying another Dental Practice: The Pros and Cons

March 27th, 2023

20:30

Recently, I received a very important question from one of our listeners. The question came from a dental entrepreneur who finds himself in a position where his business debts are paid and he has an excess of cash in …

Growing your Dental Practice; Reinvestment is Key

March 20th, 2023

23:54

I'm always amazed at the number of dentists that listen to the show. It's always very humbling when I meet one of you in person and you tell me how much you enjoy our content and how it has helped you in your …

Selling A Business to Start Another - Is the Time Right?

March 13th, 2023

18:26

Selling a business provides many new and exciting opportunities. Although it may be tempting to use the proceeds of the sale to start a new business, there are reasons you might choose to wait. In this episode, I look …

Is Trying to Exceed Expectations Dangerous to Your Business?

March 6th, 2023

13:56

Expectations are an important part of business. A CEO sets expectations for growth over time. Your sales department outlines product and service …

Your Business Sold - Can You Handle Being an Employee?

February 27th, 2023

15:07

Making the transition from business owner to employee after selling your business is something that many entrepreneurs aren't well prepared for. …

Communicating your Company's Core Values to Customers

February 20th, 2023

17:32

Your company's core values are more than just a few "feel good" words plastered on your wall. They have the power to shape the entire culture of …

Telling the Future - the Power of the Pro Forma in Small Business

February 13th, 2023

20:12

In this episode, I discuss something very near and dear to my heart... the pro forma. You've probably heard of pro forma before. In fact, you may have used them in your business. But are you aware of the many different …

3 Ways to Quickly Implement Extreme Ownership Principles to Your Team

February 6th, 2023

27:22

Have you ever wondered why some leaders are more effective than others? The extreme ownership principles taught by Jocko Willink and Leif Babin, both …

Succession Planning vs. Exit Planning - The Difference is Critical

January 30th, 2023

15:27

Succession planning and exit planning are terms that are often used interchangeably. However, each one is a vital aspect of business planning that works to achieve different outcomes. So, what is the difference? In this …

3 Ways to Determine Your Ideal Client and Use the Results

January 23rd, 2023

22:02

Understanding your customers is a critical aspect of business. But there might be more substantial benefits than you think. When you're just starting off, it's usually necessary to take on as many clients as you can. …

The Psychology of a business owner (in transition) with Dr. Yvonne Kinney

January 16th, 2023

24:19

Business owners are just wired differently than most people. We want to do things our way and we're willing to work twice as hard to make that a possibility. I've often said we're the only people in the world who will …

How to Build a Pivot Strategy for Your Business

January 9th, 2023

22:37

As a business owner, you must always be ready for change. Adapting and reacting to shifts in the market, technologies, consumer trends, etc., can …

Increasing Business Profits by Adding Recurring Revenue Models

January 2nd, 2023

20:19

One of the greatest parts of entrepreneurship is the freedom to choose how you're going to operate your business. You can choose the type of business you want to run, what your product will be, who you're interested in …

Upskilling Staff into Team Leadership Roles through Mentoring

December 26th, 2022

16:41

Mentorship is a valuable asset in the business world. It is beneficial for both the mentor and the mentee. The mentee benefits from your experience. On the other hand, you, as the mentor, get to sharpen your skills and …

Dealing with Internal Conflict in a Second Generation Business

December 19th, 2022

41:36

When you own a family business, it’s important to keep family discord and internal conflict out of the business. Those who can manage the family dynamics within their companies will often see them become generational …

Pitfalls of Your Kids Taking Over the Family Business

December 12th, 2022

19:19

Owning a family business is as much a part of the American dream as having a house with a front porch swing and white picket fence. It’s a fine dream to have, and for many, it can be a reality. However, owning a family …

Ways Your Business Can Benefit from Economic Uncertainty

December 5th, 2022

19:30

Recession is a very real part of the economic cycle. Yet, it’s one that nobody really likes to talk about. Understandably, the term conjures many …

Ways to Use FIT (frequency, impact, and trust) in Relationship Marketing with Luke Acree

November 28th, 2022

42:21

Luke Acree is the President of ReminderMedia, an organization that helps businesses generate leads, develop repeat clients, and capture referrals. Under Luke’s leadership, ReminderMedia has expanded its product line to …

How to Raise Prices Without Losing Customers

November 21st, 2022

24:28

Business owners all over the country are feeling the effects of inflation in their organizations. The longer it goes on, the harder it becomes to simply “wait it out.” The truth is many business owners are facing a …

Why should small businesses avoid price wars with competitors?

November 14th, 2022

20:51

In the tough economy we’re in, we frequently see fierce price wars raging between companies. Business owners are tenacious, bullheaded, and …

How to Invest as a Business Owner

November 7th, 2022

33:58

Christopher Shea is the Chief Investment Officer at WealthSource Partners, a financial advisory firm dedicated to helping financial advisors thrive …

Getting Employee Buy In

October 31st, 2022

19:37

Business owners and leaders always set visions not only for their companies, but for products and services as well. The thing is, life happens, and not everything turns out exactly as we plan. While we leaders and …

5 Ways to Keep Good Employees

October 24th, 2022

26:32

Many of us business owners are like drivers: our heads are always in the future, thinking about where our companies are headed. On the other hand, …

How to Know When is the Best Time to Sell My Business

October 17th, 2022

20:25

Undoubtedly, in our lives as business owners, we will reach a point where we find ourselves considering selling our businesses. Some owners may feel like they've already achieved a certain goal while others may want to …

Not a Good Fit...What to Do When You Hired the Wrong Person

October 10th, 2022

27:55

What do you do when you hire the wrong person into your company?

One of the most difficult aspects of owning and running a business is human …

When to Phase Out a Service or Product

October 3rd, 2022

25:57

We entrepreneurs have an unbelievable propensity for optimism. When it comes to cutting ties with something familiar, we often face familiarity bias. So, when it’s time to phase out a product or service, we tend to …

How Your Business Can Increase Profit Margins During Inflation

September 26th, 2022

20:13

Every day when I turn on the news I see the word “inflation” and never in my life have I seen this word so much. Just the other day, my wife and I went to our local grocery store and purchased bacon, but the cost has …

Sales Department: Beware of Recentralization

September 19th, 2022

18:06

You’ve probably heard me preach—shout from the mountaintops, even—several times that for us to drive the values of our companies, we have to decentralize ourselves. We have to remove ourselves from the epicenter of our …

The Relationship Between Sales and Marketing

September 12th, 2022

23:07

Sales and marketing teams play similar roles in a company. However, many business owners fail to understand the relationship between sales and …

Filling the Holes in Your Exit Plan Today

September 5th, 2022

17:38

I went through the process of exiting three businesses in the last year. Despite my experience as an entrepreneur and certified exit planning advisor, I found that the process of moving my business from an illiquid to a …

Filling the Holes, Selling to an Open Market

August 29th, 2022

15:29

There are a few ways to sell your business: you can sell to a family member or your employees or managers. But what if none of your family members want to take over your business? What if your managers don’t feel ready …

Filling the Holes, Selling Your Business to a Key Employee

August 22nd, 2022

21:44

The idea of selling a company to a manager or a group of employees isn’t unheard of. In my decades of being an entrepreneur and consultant to other …

Filling the Holes, Selling Your Business to a Family Member

August 15th, 2022

13:56

Whenever I sit down with business owners and ask them where their business is going to end up, the majority of them have the same answer: they’ll give it to their kids. But even if business owners transition their …

Filling the Holes in Your Exit Plan

August 8th, 2022

19:00

This past year—after over three decades of being a business owner—I finally sold my business. There were a few things that I was fortunately prepared …

Standard Operating Procedure Deep Dive

August 1st, 2022

15:48

If something in your business can be measured, it’s something you can improve. But we business owners often don’t measure; instead, we’re keen on licking our forefingers and sticking them up in the air to see which way …

How to Build and Implement Impactful Business Processes

July 25th, 2022

17:35

I have been helping business owners and entrepreneurs reach their dreams and goals through consulting for over two decades. And over the years, one …

Complexities in HR; How to Investigate the Conflict

July 18th, 2022

24:12

In our business or personal lives, it’s probable that we sometimes step on other peoples’ toes. We’re only human, after all. As entrepreneurs and business owners, it’s also probable that there will be times when we need …

The Wealth Game: Home Plate

July 11th, 2022

16:23

Whether you realize it or not, we are all playing the Wealth Game. Some never get off first base; others sprint and find themselves in second base; a lucky few reach third base. However, no matter where you are in the …

The Wealth Game: The Trap of Third Base

July 4th, 2022

13:03

If you’ve reached third base in the Wealth Game, congratulations! You more than likely have achieved your financial goals. You know, without a shadow …

The Wealth Game: Moving from Second to Third Base

June 27th, 2022

13:31

In baseball, moving to third base is a natural progression: you hit the ball, turn first base and run to second, then move to third. Of course, you …

The Wealth Game: Safe at Second

June 20th, 2022

14:16

Where are you right now in your journey through the wealth game? Do you have savings or emergency funds? Are you investing in your future? Do you have a 401k? Have you started your own business? If you have, …

The Wealth Game: Stealing from First to Second

June 13th, 2022

18:08

There are so many traps along the way of the Wealth Game that could keep you from achieving financial independence. Emotions, financial habits, and …

The Wealth Game: Getting to First

May 30th, 2022

16:21

I vividly remember playing baseball while I was growing up. I remember hitting the ball, running the bases, and hearing the fans go crazy. And, of course, there’s my dad on the sideline, jumping up and down, pumping his …

Intro to the Wealth Game

May 23rd, 2022

11:50

What is wealth to you? Is it happy relationships with friends and family? Or, like Virgil, do you think that wealth is health? What about financial wealth? For so many people, the idea of financial wealth is something …

The Power of Video for Your Marketing

May 16th, 2022

15:18

The role of video in our everyday lives has become more and more prominent. In fact, Business Insider has observed an unprecedented growth in digital …

The Power of Video for Your Team

May 9th, 2022

17:48

If you’re like me, you spent 90% of your time speaking face-to-face and engaging with clients and groups of people before Covid-19. When the pandemic hit, my world changed. I, like many business owners, had to …

A Small Business Sale: A Coach's Perspective

May 2nd, 2022

29:07
David DeCelle is the President of Model FA, a community for financial advisors to come together to learn about sales, marketing, and business development from experts and other financial advisors. David and his team at …

Business Owner Self Sabotage

April 25th, 2022

22:39

We business owners are a unique breed. In addition to the many plates we spin and the responsibilities we have, we want to see our businesses move forward. And, whether you realize it or not, we have a destructive habit …

Lessons I Learned from Selling My Business

April 18th, 2022

23:00

I’ve been in the business game for over 30 years, and in that time, I’ve helped many business owners sell or buy businesses (I also wrote The Ultimate Sale and Your Baby’s Ugly to tell the tale). However, it’s one thing …

Interviewing the Buyer with Patrick Brewer

April 11th, 2022

32:12
Patrick Brewer is the President and Chief Marketing Officer of WealthSource, a company dedicated to helping financial advisors thrive with business …

I've Sold!

April 4th, 2022

26:45
“If you had limited time and resources, what would you do tomorrow that you’re not doing today?” This is a question I’ve thought a lot about since …

Attitude = Success Part 2 The Owner's Determination

March 28th, 2022

12:16

Throughout my career as a business owner and entrepreneur, I’ve had several people ask me why I put myself through this. Some naysayers have even …

Attitude = Success? The Owner Controls the Business's Destiny

March 21st, 2022

19:07

In episode 403 of Financially Simple, Justin looks at how your attitude as a business owner can determine your business’s success.

The mindset of a business owner and how they approach their dealings with their clients …

The Emotions of Making the Ultimate Sale

March 15th, 2022

19:14

In episode 402 of Financially Simple, Justin considers the emotional and psychological impact that selling their Business can have on the Owner.

Roadblocks to Closing - What's Stopping the Business Sale

March 7th, 2022

18:03

In episode 401 of Financially Simple, Justin lists some of the obstacles that might impede the closing of a sale.

You’re selling your business, you’ve got an interested Buyer, so far so good - except for the other …

Decentralization: Mapping Your Sales Process

February 28th, 2022

21:55

In episode 400 of Financially Simple, Justin looks at how a Business Owner can map the Sales Process of their Business so that they can easily step away from it.

As a Business Owner, being able to step away from your …

How to Create the Perfect Buyer Persona

February 21st, 2022

19:41

In episode 399 of Financially Simple, Justin goes over the different types of criteria that a Business Owner can use to define their Perfect Persona.

A "perfect" buyer persona is a business's ideal client, the type of …

Selling a Business: A Buyer's Assessment of The Business Assets - Part 3

February 13th, 2022

18:24

In episode 398 of Financially Simple, Justin concludes his review of what a Buyer will consider when looking for a business to purchase.

Potential buyers that are considering purchasing your business will look at your …

Selling a Business: A Buyer's Assessment of your Clients, Vendors, & Teams - Part 2

February 7th, 2022

18:22

In episode 397 of Financially Simple, Justin expands on the business sale prices through the eyes of the Buyer, looking at the relationship side of things.

A potential buyer of your business is going to evaluate your …

Selling a Business: A Buyer's Assessment of You, The Owner - Part 1

January 31st, 2022

17:06

In episode 396 of Financially Simple, Justin begins to examine the flip side of the coin - what do prospective buyers see when they look at your business as they consider its worth.

As the owner of a business, you know …

Key Financial Ratios for Monitoring Your Business

January 24th, 2022

19:10

In episode 395 of Financially Simple, Justin explains how you can analyze your business’s performance year-on-year using five simple Key Ratios.

A Key Ratio uses your business’s financial data and compares the …

How to Use Business Revenue to Prepare for the Next Crisis

January 17th, 2022

28:41

In episode 394 of Financially Simple, Justin takes a moment to go over what you as a business owner can do to try to prepare for the next financial crisis.

National and global catastrophes that happen unexpectedly, such …

Predictable Success - Interview with Author Les McKeown

January 10th, 2022

47:49

In episode 393 of Financially Simple, Justin talks to author Les McKeown about Predictable Success. Can the success of a business be predicted with any certainty, and if so what are the indicators or paths that can be …

The Five Stages of Leadership

January 3rd, 2022

19:34

In episode 392 of Financially Simple, Justin looks at the five levels of leadership according to authors Jim Collins and John C. Maxwell.

Do you lead …

The Reality of Change, with Paul Metler

December 27th, 2021

21:46

In episode 391 of Financially Simple, Justin talks to Paul Metler of Initiative One about facing the changes that come with running a business.

Understanding Risk in Retirement

December 20th, 2021

19:44

In episode 390 of Financially Simple, Justin gives an overview of the risks one might face in retirement and what can be done to mitigate those risks.

You’ve cashed in your chips and are ready for retirement, looking …

Cybersecurity 101 for Small Business Owners

December 13th, 2021

28:47

In episode 389 of Financially Simple, Justin talks to Jonathan Addington of JM Addington Technology Solutions about Business Cybersecurity.

You’ve …

Retirement Myths Business Owners Believe, with Jeff Jeter

December 6th, 2021

22:26

In episode 388 of Financially Simple, Justin and Jeff Jeter discuss some common retirement myths.

When you’re planning on selling your business and settle in to retirement, there might be one or two things that you’ve …

Are You Ready to Sell Your Business: Series Wrap Up

November 29th, 2021

24:26

In episode 387 of Financially Simple, Justin wraps up this Legal miniseries on preparing to sell your business.

If you’re thinking of selling your business in the near future, or even much further down the line, being …

The Legalities of Selling Your Business, with Mital Patel

November 22nd, 2021

29:35

In episode 386 of Financially Simple, Justin talks to Mital Patel of Triamicus Law about the legalities of selling your business.

With the “do-it-yourself” attitude of most business owners, some of the important, …

Selling Your Business Yourself, with Dr. Grace Yum

November 15th, 2021

35:47

In episode 385 of Financially Simple, Justin talks to Dr. Grace Yum about selling her dental practices by herself.

Taking the reins and selling your business by yourself can be challenging, and immensely rewarding, …

Investment Banking and Business Transition, with James Pugh

November 8th, 2021

29:11

In episode 384 of Financially Simple, Justin talks to James Pugh of Pivot Capital about creating capital for your business’s growth.

Whether transitioning or planning the next step of growing your business, having the …

The Business Process: Transitioning, Selling, and Buying, with Matteo Valles

November 1st, 2021

23:22

In episode 383 of Financially Simple, Justin talks to Matteo Valles a Business Broker at Sunbelt Network.

Having a Broker on your side when it comes to selling your business might seem unnecessary, but the value they …

Estate Planning, with Julie Eisenhower

October 25th, 2021

24:03

In episode 382 of Financially Simple, Justin discusses Estate Planning with guest Julie Eisenhower of Triamicus Law.

Estate Planning is essential for …

Introduction to Legal: Is Now the Right Time to Sell Your Business?

October 18th, 2021

18:34

In episode 381 of Financially Simple, Justin introduces a series of episodes looking at the legal side of selling your business.

Is now the right time to sell your business? Have you planned everything out, prepared …

Social Media for Business Owners

October 11th, 2021

22:15

In episode 380 of Financially Simple, Justin looks at the top Social Media platforms for Business Marketing.

There are a number of different social media platforms each catering to a different age group and or mindset. …

Social Media & Digital Marketing Misconceptions

October 4th, 2021

23:07

In episode 379 of Financially Simple, Justin goes over some of the most common misconceptions regarding Social Media Marketing.

Social Media …

5 Trends to Make Your Marketing More Effective

September 27th, 2021

26:52

In episode 378 of Financially Simple, Justin looks at five current trends in Marketing that could make your marketing strategy more effective.

In …

5 Elements of Marketing

September 20th, 2021

25:16

In episode 377 of Financially Simple, Justin goes over the basics of Marketing for Business Owners.

Having a business that provides a service or product is one thing, finding the people that the service or product is …

Financial Readiness

September 13th, 2021

32:09

In episode 376 of Financially Simple, Justin wraps up the series of episodes on Financial Readiness by taking a look at your own finances.

Having gone over all of the aspects making sure that your business is …

Personal Exit Readiness Assessment

September 6th, 2021

20:57

In episode 375 of Financially Simple, Justin takes a look at assessing a Business Owner’s readiness to leave their work.

When planning to sell and …

Is Your Business Exit Planning Ready? Part 2

August 30th, 2021

20:17

In episode 374 of Financially Simple, Justin continues his examination of making a business ready for selling or your exit from running it.

Knowing the state of affairs within your own business is one of the key …

Is Your Business Exit Planning Ready?

August 23rd, 2021

27:50

In episode 373 of Financially Simple, Justin starts to look at the Exit Planning of your business strategy.

Whether you are looking to sell your business soon, or in twenty years time, it’s important to know the state …

Determining your Business's Attractiveness

August 16th, 2021

35:23

In episode 372 of Financially Simple, Justin continues to look at working with a Business Advisor and goes over the questions posed to determine a business’s attractiveness.

Any business owner that has started from the …

What it is Like to Work with a Value Growth Advisor

August 9th, 2021

38:06

In episode 371 of Financially Simple, Justin begins a series of episodes that take a look behind the curtain of working with a Business Advisor.

If you own a small business and haven’t yet hired an advisor to assist you …

Understanding Imposter Syndrome as a Business Owner

August 2nd, 2021

32:11

In episode 370 of Financially Simple, Justin tackles the issue of Imposter Syndrome.

Despite the success and accomplishments of your business, you may fee like you’re a fraud or undeserving of the achievements you have …

New Child Tax Credit - Updates for 2021

July 26th, 2021

16:47

In episode 369 of Financially Simple, Justin goes over the recent Child Tax Credit offered by the IRS.

The IRS has made some changes to the Child Tax Credit it offers to individuals, so it provides an opportunity for …

How Much Does it Cost to Hire a Business Advisor

July 19th, 2021

26:58

In episode 368 of Financially Simple, Justin explains the rates and fees of hiring a Business Advisor.

Hiring a Business Advisor for their objective opinion and expertise might be a daunting prospect, however necessary …

How Much Does it Cost to Hire a Comprehensive Financial Planner

July 12th, 2021

30:58

In episode 367 of Financially Simple, Justin answers a question on the cost of hiring a comprehensive financial planner as a small business owner.

What is the Average Cost of Hiring an Investment Advisor to Manage $1,000,000 or More

July 5th, 2021

25:01

In episode 366 of Financially Simple, Justin considers the costs of having a financial advisor manage your wealth.

As a Business Owner, you always have an eye on the future - your future and retirement; however, it can …

How to Prepare for Your 6 Month Strategic Planning Meeting

June 28th, 2021

25:56

In episode 365 of Financially Simple, Justin looks at the preparations for having a mid-year strategic meeting.

The last six months have breezed by, and now it’s time to take stock and assess where we are with the …

Four Easy Steps to Creating a Small Business Budget

June 21st, 2021

16:21

In episode 364 of Financially Simple, Justin provides a quick guide to creating a budget for your business.

According to Small Business Genius, half of all small businesses don't have an official, written operating …

Is Inflation Lurking Around the Corner?

June 14th, 2021

22:15

In episode 363 of Financially Simple, Justin provides an overview of Inflation.

Inflation is an economic factor that influences so much of the goings on in our business matters, yet few of us really know what it is and …

Should Business Owners Go 'All In' On Crypto Currency?

June 7th, 2021

32:06

In episode 362 of Financially Simple, Justin gets digital, giving an overview of Cryptocurrencies.

In recent years we have seen the rise of digital currencies like BitCoin, but amidst all the noise, as people have …

When You Leave The Shore, Expect To Hear Some Noise

June 3rd, 2021

26:52

In episode 361 of Financially Simple, Justin continues the allegory of his fishing trip in relation to Business Owners setting out and seeking better waters.

If you’ve had to pivot, or change course and deviate from the …

Sometimes You Have to Fight The Shark

May 31st, 2021

18:07

In episode 360 of Financially Simple, Justin shares his recent fishing adventure.

The last year or so has been unprecedented and extremely tough for …

The Business Cycle

May 24th, 2021

17:18

In episode 359 of Financially Simple, Justin takes a look at the Business Cycle.

To paraphrase The Byrds, to every business there is a cycle, and knowing at which stage of the cycle your business is at can help you to …

Formal vs. Informal Valuation

May 17th, 2021

19:04

In episode 358 of Financially Simple, Justin answers a listener’s question regarding Formal and Informal Valuations.

If you are planning on selling your business, having the business accurately valued is important to …

Leadership In Business - Insights with Go Giver Author Bob Burg

April 5th, 2021

29:46

In episode 350 of Financially Simple, Justin talks to The Go-Giver author Bob Burg about the importance of Leadership in a business.

While the objective of a business is to make money, it is not the most important …

How a Business Owner Can Relinquish Control of Their Company

March 15th, 2021

14:13

In episode 344 of Financially Simple, Justin gives an overview of how a Business Owner can go about letting go of some of their responsibilities.

Burn out and stress are two common issues Business Owners face in the …

How to Keep Effective Meeting Minutes

March 11th, 2021

11:56

In episode 343 of Financially Simple, Justin gives a quick explanation of why keeping Meeting Minutes is useful as a Business Owner.

Who said what, …

How Small Business Owners Can Build a Schedule for Maximum Efficiency

March 8th, 2021

22:41

In episode 342 of Financially Simple, Justin looks at improving efficiency with effective time management.

Time is money, as the saying goes, and …

How to Use Technology to Accelerate Your Operations Manual

March 4th, 2021

19:32

In episode 341 of Financially Simple, Justin goes over the benefits of having an Operations Manual for your business and how to use technology to …

How to Stop Stress as a Business Owner

March 1st, 2021

16:33

In episode 340 of Financially Simple, Justin looks at the three main causes of stress for small business owners.

Running your own business is …

Life as a Business Owner Has Wrecked My Personal Finances

February 25th, 2021

20:20

In episode 339 of Financially Simple, Justin considers why Business Owners’ personal finances can be such a mess.

Running your own business is like spinning plates, there’s a lot going on and if we don’t pay attention …

7 Reasons Small Businesses Fail (You Can Be Proactive)

February 22nd, 2021

17:12

In episode 338 of Financially Simple, Justin looks at the main reasons that a small business will likely fail within the first few years.

Failure to plan is planning to fail, and never is this more true than with new …

Can You Cast Vision as a Business Owner?

February 18th, 2021

14:59

In episode 337 of Financially Simple, Justin goes over having a vision for your Business.

The majority of Small Business Owners begin with an idea of …

The Power of Two to Influence One

February 15th, 2021

23:57

In episode 336 of Financially Simple, Justin talks to David Kent of Heritage Investors about the Power of Two to Influence One.

Two heads are better than one, so the saying goes, and as a business owner running your own …

Business Owners and Wall Street: The Love-Hate Relationship

February 11th, 2021

18:37

In episode 335 of Financially Simple, Justin continues his examination of Wall Street as an investment option for Business Owners.

Investing in your own business can only get you so far, especially when the vast …

Why Business Owners Hate Investing in Wall Street

February 8th, 2021

12:59

In episode 334 of Financially Simple, Justin asks the question Why Do Business Owners Hate Investing in Wall Street?

In the light of past and recent …

What Does a Financial Planner Do For Business Owners?

February 4th, 2021

20:42

In episode 333 of Financially Simple, Justin answers a listener’s question - What do Financial Planners Do?

There are many different professionals that can be described as Financial Planners, from Wall St. investors to …

How Much Disability Insurance Does a Business Owner Need?

February 1st, 2021

15:21

In episode 332 of Financially Simple, Justin takes a look at Disability Insurance for Business Owners.

In the event of an accident occurring, either …

How Much Life Insurance Does a Business Owner Need?

January 28th, 2021

28:12

In episode 331 of Financially Simple, Justin looks at how much Life Insurance a Business Owner actually needs.

As a business owner, there are a lot of "What If?" scenarios, one of which is, "What if I die? Will my …

Stimulus: Should a Business Owner Pay Off Debt or Invest?

January 25th, 2021

16:24

In episode 330 of Financially Simple, Justin considers whether or not a Business Owner should pay off debt or invest their second stimulus check.

How Much Should Business Owners Pay for a House?

January 21st, 2021

19:10

In episode 329 of Financially Simple, Justin asks the question, How Much Should You Pay for a House?

The majority of us desire to own our own home at …

How Much Cash is Necessary in a COVID World?

January 18th, 2021

17:38

In episode 328 of Financially Simple, Justin looks at the cashflow state of Businesses in the wake of COVID-19.

2020 was a year that tested many businesses and their ability to weather a financial storm - and many were …

How to Calculate Your Lifetime Savings Results and Why It Matters

January 14th, 2021

13:02

In episode 327 of Financially Simple, Justin looks at calculating your Lifetime Savings.

How much money will you make over the course of your life? …

How to Calculate Your Income Savings Rate

January 11th, 2021

20:34

In episode 326 of Financially Simple, Justin goes over how to calculate your Income Savings Rate and why it matters.

With all that occurred last …

The Financial Software We Use to Help Your Business

January 7th, 2021

18:07

In episode 325 of Financially Simple, Justin shares some of the technologies that are used in providing financial services.

It takes a lot to run a …

How to Set Business Goals You Can Actually Achieve in 2021

January 4th, 2021

16:29

In episode 324 of Financially Simple, Justin provides an outline to a roadmap for the year ahead.

The new year has begun, and it’s important to start off on the right foot. In this episode, Justin goes over the …

My Christmas Message

December 24th, 2020

13:09

In episode 323 of Financially Simple, Justin shares a Christmas message of hope.

’Tis the season, a time to pause and reflect. In this episode, Justin tells two short stories of peace and hope, with lessons that we …

Business Lessons from 2020: Using What We’ve Learned to Take on 2021

December 21st, 2020

23:17

In episode 322 of Financially Simple, Justin reflects on 2020 and considers the lessons learned over the course of the year.

The past year has been one for the books, with so much happening that it has left many of us …

What Can Santa’s Operation Teach Us About Business Value Growth?

December 17th, 2020

18:31

In episode 321 of Financially Simple, Justin takes a close look at Santa Claus’s business operations.

For most small businesses things start to wrap …

How to Bonus Employees at Year-End

December 14th, 2020

15:41

In episode 320 of Financially Simple, Justin looks at appropriate ways to reward your employees with a year-end bonus.

As 2020 comes to a close and …

How to Avoid Christmas Conflict

December 10th, 2020

21:14

In episode 319 of Financially Simple, Justin gives tips on avoiding Christmas strife.

It’s the most wonderful time of the year, except that up to now …

How to Use Tax Brackets to Reduce Your Effective Tax Rate

December 7th, 2020

15:45

In episode 318 of Financially Simple, Justin looks at a number of ways to lower your Tax Bracket in order to reduce your Effective Tax Rate.

How much you earn determines which tax bracket you fall in to, and that …

How to Calculate Your Effective Tax Rate

December 3rd, 2020

13:11

In episode 317 of Financially Simple, Justin gives an overview of Effective Tax Rates and how you can reduce yours.

As tax season approaches, it’s always a good idea to review your tax status especially after the …

20 Ways to Reduce Your 2020 Taxes

November 30th, 2020

17:52

In episode 316 of Financially Simple, Justin gives a concise list of 20 ways to reduce your tax bill.

As 2020 comes to a close, the time to figure out your taxes draws nearer. In this episode, Justin lists 20 ways to …

What the First Thanksgiving Can Teach Us About Socialism

November 26th, 2020

18:29

In episode 315 of Financially Simple, Justin reflects on the pilgrim settler’s attempt at Socialism and the subsequent establishment of Private Ownership.

William Bradford wrote on the efforts of the first settler’s …

How to Measure Value Improvement

November 23rd, 2020

19:16

In episode 314 of Financially Simple, Justin answers a listener’s question on measuring value improvement.

It can be difficult to take in the bigger …

How to Bridge the Profitability Gap and Make More Profit

November 19th, 2020

19:46

In episode 313 of Financially Simple, Justin continues to examine the Profitability Gap, and how to reduce it.

Being Best in Class is no easy feat, …

Thoughts From The Rockies

November 16th, 2020

22:24

In episode 312 of Financially Simple, Justin returns from his hunting trip with some insights into the realities of running a business.

In many ways, being a business owner and running your business is a lot like …

What is the Profitability Gap?

November 12th, 2020

17:50

In episode 311 of Financially Simple, Justin gives a simplified overview of the Profitability Gap.

Is your business fulfilling its potential and …

10 Benefits of Using an Organizational Chart in a Small Business

November 9th, 2020

20:33

In episode 310 of Financially Simple, Justin and David Kent of Heritage investors go over the 10 benefits of using an Organizational Chart.

As a Small Business Owner, it’s important to have a smooth-running, well-oiled …

Year End Tax Power Plays - Chris Mahan

November 5th, 2020

23:18

In episode 309 of Financially Simple, Justin and Chris Mahan of Mahan Associates discuss Tax options as the year wraps up.

This year has been one for the books with the various loans and reprieves that have been …

John Riley- End of Year Marketing

November 2nd, 2020

36:30

In episode 308 of Financially Simple, Justin and John Riley of Dental Revolution discuss Marketing strategies going into the next year.

The COVID-19 …

How to Bridge the Value Gap

October 29th, 2020

38:52

In episode 307 of Financially Simple, Justin gives a brief explanation of how to bridge the Value Gap.

In the last episode, we talked about your Value gap. Now we talk about Bridging the Value Gap. It might seem like an …

What is the Value Gap

October 26th, 2020

18:38

In episode 306 of Financially Simple, Justin gets mathematical defining the Value Gap.

There are many definitions of the word Value, and not all may apply to your Business. And then there’s what defines the gap between …

The 5 Stages of Value Maturity

October 22nd, 2020

21:25

In episode 305 of Financially Simple, Justin introduces the topic of the Value Gap by taking a look at the five stages of Value Maturity of a business.

As a Small Business owner, your business is like the goose that …

Identity Theft in 2021 - New Scams to Watch For

October 19th, 2020

24:50

In episode 304 of Financially Simple, Justin and Dane McFarland discuss the issue of Identity Theft which has seen a rise during the COVID-19 pandemic.

Over the last few months this year, there has been an increase in …

Don Pippin- The Main Street Lending Program

October 15th, 2020

26:16

In episode 303 of Financially Simple, Justin talks to Don Pippin of the Sunbelt Network about the Main Street Lending Program for Business Owners.

The Main Street Lending Program is a loan available to small and …

The Wealth Gap Formula

October 12th, 2020

20:30

In episode 302 of Financially Simple, Justin recaps the Wealth Gap Formula.

Over the last eight episodes, we have looked at the Wealth Gap and the …

What ROI Should I Assume When Calculating My Wealth Gap

October 8th, 2020

26:29

In episode 301 of Financially Simple, Justin looks at the expected ROI when calculating your Wealth Gap.

Few things are constant especially in the …

How to Calculate the ROI of Your Investment Property

October 5th, 2020

27:51

In episode 300 of Financially Simple, Justin gives a brief introduction to calculating the Return on Investment for Real Estate properties.

One of …

What is the True Value of My Business

October 1st, 2020

23:09

In episode 299 of Financially Simple, Justin goes over the Taxes involved when it comes to selling your business and how they can affect your Wealth …

Do Taxes Matter?

September 28th, 2020

25:34

In episode 298 of Financially Simple, Justin looks at the effect Taxes have on our Wealth Gap.

With the COVID-19 stimulus of $3.6 Trillion, a lot of …

Calculating the ROI of Your Business

September 24th, 2020

29:03

In episode 297 of Financially Simple, Justin goes over the basics of calculating the Return on Investment of your Business.

As we continue to look at …

Could the CARES Act Cause Inflationary Concerns to Our Retirement Wealth Gap

September 21st, 2020

24:22

In episode 296 of Financially Simple, Justin looks at Inflation and how it affects Retirement.

Inflation is a complex market force that differs for …

Should I Normalize My Income?

September 17th, 2020

17:16

In episode 295 of Financially Simple, Justin looks at Normalizing your Personal Income as a Small Business Owner.

Normalizing your personal income by adjusting it, based on certain expenses, will help you to plan for …

The Wealth Gap

September 14th, 2020

21:01

In episode 294 of Financially Simple, Justin explains the concept of the Wealth Gap.

All Small Business Owners plan to retire one day, sell their business, and enjoy their hard-earned wealth - but will you have enough …

The Fears and Anxieties Business Owners Face

September 10th, 2020

22:15

In episode 293 of Financially Simple, Justin kicks off Season 4 of the Financially Simple Podcast.

Being a Business Owner isn’t easy. Aside from the day-to-day challenges of owning and operating a business, there are …

Treating Yourself to a New Toy

August 31st, 2020

25:24

In episode 292 of Financially Simple, Justin gives his thoughts on buying an expensive new toy to treat yourself as a Small Business Owner.

Perhaps you’ve had a phenomenal few months, with your business thriving through …

Business Owners on Vacation

August 27th, 2020

15:27

In episode 291 of Financially Simple, Justin and family are on vacation but still take some time out to discuss the importance of taking a break.

Small Business Owners are some of the hardest working individuals in any …

Caution: Don’t Stop!

August 20th, 2020

17:19

In episode 290 of Financially Simple, Justin is joined by David Kent to give a short pep talk to all the Business Owners out there.

The global Coronavirus pandemic is still a factor for many businesses trying to operate …

Networking: Grow Your Business Connections

August 17th, 2020

35:12

In episode 289 of Financially Simple, Justin talks to Dan Rawls of Trustegrity about the importance and value of connecting to other professionals.

There’s more to networking than having a high number of contacts, it’s …

How to Shoot Video for Small Business Marketing

August 13th, 2020

32:35

In episode 288 of Financially Simple, Justin talks to Ryan Stanley and Kaleb Buckner of Always Abounding video production services about using video social media to boost business growth.

The internet and social media …

What Insurance Policies Do Business Owners Need And Why?

August 10th, 2020

23:09

In episode 287 of Financially Simple, Justin talks to Todd Sklar of GBS Insurance about the types of insurance Business Owners need.

As a small business owner, having the right insurance is key - what if something …

The Shortstop Legal Advisor, with Joe Strazzeri

August 6th, 2020

31:24

In episode 286 of Financially Simple, Justin is joined by Brandon Jordan to talk with Joseph Strazzeri of Strazzeri Mancini Attorneys about building a Success Team.

The Short-Stop between second and third base is one of …

Building a Success Team: Legal Team

August 3rd, 2020

22:14

In episode 285 of Financially Simple, Justin is joined by Brandon Jordan to continue their baseball analogy and discuss the role of the Legal Team in …

Will We Ever Get To Business As Normal

July 30th, 2020

31:35

In episode 284 of Financially Simple, Justin is joined by David Kent to talk about the return of business to the relative normality of a post-COVID world.

With the Coronavirus pandemic seeming to turn the corner and …

Buy Or Lease A Vehicle - What To Do As A Business Owner?

July 27th, 2020

19:10

In episode 283 of Financially Simple, Justin is joined by Jeff Jeter to discuss whether or not, as a Small Business Owner, you should buy or lease a …

Having a Forward-Thinking CPA on Your Success Team

July 23rd, 2020

28:33

In episode 282 of Financially Simple, Justin, Brandon Jordan, and special guest Tom Barrick of Waldron H. Rand & Co. discuss the benefits of a forwarding thinking CPA on your Team.

As a Business Owner building your …

How to Leverage Business Debt

July 20th, 2020

29:41

In episode 281 of Financially Simple, Justin and Jeff Jeter go over the different types of debt and how to use debt to your advantage.

Most people fear the word Debt, but is it all bad? Justin and Jeff talk about their …

PPP Forgiveness Application 3508EZ

July 16th, 2020

17:54

In episode 280 of Financially Simple, Justin goes over the Payment Protection Program Loan Forgiveness Application Form 3508EZ.

The PPP Loan Forgiveness form is intended to provide financial relief for business owners …

What is Factor Investing and Why Do So Many Use This Strategy?

July 13th, 2020

25:19

In episode 279 of Financially Simple, Justin talks to Chris Steward about Factor Investing.

Is there a good way to invest, or is it down to luck and the markets? Justin and Chris discuss Factor Investing, what it is, …

Pivoting During a Sudden Change - How to Take Action

July 9th, 2020

36:32

In episode 278 of Financially Simple, Justin talks to athlete, author, and mentor Derrick Furlow about making a transition in business during hard times.

With the current COVID-19 pandemic affecting businesses, many …

The Emergency Injury Disaster Loan (EIDL)

July 6th, 2020

17:56

In episode 277 of Financially Simple, Justin and David Kent take a look at the Emergency Injury Disaster Loan (EIDL).

In light of the COVID-19 pandemic, the government has set terms for the EIDL that are favorable for …

The PPP Loan Forgiveness Application - How to Fill it Out

July 2nd, 2020

37:40

In episode 276 of Financially Simple, Justin looks at the Paycheck Protection Program Loan Forgiveness Application.

With the ongoing COVID-19 pandemic, new legislation is in the works to help Small Business Owners keep …

What is Dollar Cost Averaging?

June 29th, 2020

26:15

In episode 275 of Financially Simple, Justin is joined by Jeff Jeter to cover the ins and out of Dollar-Cost Averaging.

Buy low, sell high - that’s …

Is It Possible To Beat The Stock Market?

June 25th, 2020

26:35

In episode 274 of Financially Simple, Justin is joined by Chris Steward to consider whether the Stock Market can be beaten?

Investing in the Stock Market is more than just picking a few stocks that look good, there are …

Building Your Success Team: 1st Base, the CPA

June 22nd, 2020

27:13

In episode 273 of Financially Simple, Justin reconnects with Brandon Jordan to continue their discussion on building a Business Success Team.

Carrying on with the Baseball analogy, the First Base player of your Success …

HR Issues During COVID-19 - Finding Solutions

June 18th, 2020

31:33

In episode 272 of Financially Simple, Justin talks to Sarah Alexander of Results HR about the effects of COVID-19 on employer-employee relations.

The …

Should Business Owners Adjust Their Investments Using The 4% Rule?

June 15th, 2020

25:11

In episode 271 of Financially Simple, Justin and Chris Steward talk about the 4% Rule of investing and why it could be a dangerous rule to follow.

How COVID-19 Affected the Social Security Trust Fund

June 11th, 2020

22:22

In episode 270 of Financially Simple, Justin and Jeff Jeter discuss the impact of COVID-19 on retirement plans.

The ongoing Coronavirus is taking a …

COVID-19: Paycheck Protection Program Extension

June 8th, 2020

23:26

In episode 269 of Financially Simple, Justin looks at the upcoming changes to the Payment Protection Program.

With the ongoing COVID-19 pandemic, Congress is having to adapt and make some changes to legislation to …

How Much Risk Should You Take as a Business Owner in Your Portfolio

June 1st, 2020

27:03

In episode 268 of Financially Simple, Justin and Jeff Jeter discuss how much risk a Small Business Owner should expose themselves to in their …

Do You Have the Required Members of Your Success Team?

May 28th, 2020

34:07

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 …

Why is the Stock Market Going Up with Such Bad News in the Media?

May 25th, 2020

19:27

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 …

David Stein: Money For The Rest of Us

May 21st, 2020

28:38

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 …

How To Conduct A SWOT Analysis

May 18th, 2020

20:20

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 …

What is The Difference Between an NQ, IRA, and ROTH, and How to Pick

May 14th, 2020

28:10

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 …

Why Do Business Owners Dislike Financial Advisors?

May 11th, 2020

32:15

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 …

Ask Justin feat. David Kent: 5 Things You Need to Know to Successfully Manage a Team

April 30th, 2020

22:00

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 …

Ask Justin feat. Chris Steward: What’s Up and Down and Up with Oil?

April 27th, 2020

23:11

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 …

Ask Justin feat. David Kent: The Strategic Planning Process

April 24th, 2020

26:10

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 …

Ask Justin featuring Jennifer McConnell: The Cares Act and Qualified Plans

April 23rd, 2020

39:32

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 …

Ask Justin featuring Steve Waldrop: Having Trouble Sleeping? Let’s Talk Insurance!

April 22nd, 2020

24:23

In episode 257 of Financially Simple, Justin talks to Steve Waldrop of Wyatt Insurance about reviewing policies.

With the Coronavirus lockdown still …

Ask Justin featuring David Kent: 10 Moves for a Proactive Business Turnaround

April 21st, 2020

21:34

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 …

Ask Justin featuring Brandon Jordan: Getting Business Back to Normal

April 20th, 2020

27:48

In episode 255 of Financially Simple, Justin is joined by Brandon Jordan to about downtime planning.

With many businesses on hold at the moment …

Ask Justin featuring David Kent: Turnaround Strategies

April 17th, 2020

26:47

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 …

Ask Justin featuring Andy Huddleston: Loss of Income Insurance Policies

April 16th, 2020

28:08

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 …

Ask Justin featuring Chris Steward: Market Volatility

April 15th, 2020

25:33

In episode 252 of Financially Simple, Justin talks to Chris Steward CFA about market trends during the COVID-19 pandemic.

The Stock Markets are …

Ask Justin featuring Andy Brasfield: Networking and Making Connections

April 14th, 2020

28:12

In episode 251 of Financially Simple, Justin talks to Andy Brasfield of the Knoxville chapter of BNI about networking during the COVID-19 pandemic.


The Dental Guys featuring Justin Goodbread and Chris Mahan: Update on CARES Act 7a and 7b-What Do We Know and What Should We Do Now?

April 13th, 2020

45:44

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 …

Ask Justin featuring Scott Cagle: Perspective Amidst Crisis

April 6th, 2020

24:25

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 …

Ask Justin featuring Gavin Baker: Small Business Marketing During the COVID-19 Pandemic

April 3rd, 2020

41:38

In episode 247 of Financially Simple, Justin talks to Gavin Baker of Baker Labs, about best practices for marketing while business takes a downturn …

Ask Justin featuring Allen Brown: SBA Disaster Loans for Small Business Owners

April 1st, 2020

36:19

In episode 246 of Financially Simple, Justin talks to Allen Brown of the South Carolina Small Business Development Center about the special …

Ask Justin: How Are Others Handling the Crisis in Dental Offices?

March 30th, 2020

50:13

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 …

Ask Justin featuring Gerri Detweiler: Managing Debt and Credit When Financing a Business

March 26th, 2020

22:36

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 …

Ask Justin featuring Kathryn Cimera: The Families First Coronavirus Response Act

March 25th, 2020

18:19

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 …

Ask Justin featuring John Riley: How to Weather the Storm With the Right Marketing Strategy

March 24th, 2020

28:13

In episode 242 of Financially Simple, Justin and John Riley of Dental Revolution discuss marketing strategies Small Business Owners, specifically …

Ask Justin featuring Biren Patel: How to Run a Business with a Remote Workforce

March 23rd, 2020

28:39

In episode 241 of Financially Simple, Justin talks to Biren Patel, owner of Biren Patel Engineering, about running a business with a remote workforce.

With the outbreak of the COVID-19 virus, many businesses have …

Ask Justin featuring Paula Harriss: Business Leadership

March 22nd, 2020

30:29

In episode 240 of Financially Simple, Justin talks to Paula Harriss, a Business Leadership Coach.

Many listeners have asked for some insight on a …

Ask Justin featuring Michael Gamboli: How Does the Family First Act Affect Small Business Owners as Employers

March 21st, 2020

19:03

In episode 239 of Financially Simple, Justin talks to Michael Gamboli of Partridge, Snow & Hahn LLP, about the Family First Act.

The Family First …

Ask Justin featuring Brandon Jordan: What About the Business Owner Who Wasn’t Prepared?

March 20th, 2020

36:43

In episode 238 of Financially Simple, Justin is joined by Brandon Jordan to go over the recently published Family First Act regarding Medical …

Ask Justin: Advice to Medical Entrepreneurs During the COVID-19 Crisis

March 19th, 2020

49:51

In episode 237 of Financially Simple, Justin talks to Chris Mahan of Mahan Associates on how Medical Practitioners like dentists, chiropractors, and optometrists can weather the current COVID-19 crisis.

Many Medical …

Ask Justin: Chris Steward: Market Fluctuations due to the Coronavirus

March 16th, 2020

18:09

In episode 236 of Financially Simple, Justin talks to Chris Steward about the current movements in the markets caused by COVID-19.

In recent days (March 2020) the local and international markets have seen significant …

Ask Justin: Why Does the Coronavirus Outbreak Effect the Markets?

March 12th, 2020

23:40

In episode 235 of Financially Simple, Justin looks at how the Covid-19 epidemic is affecting the stock market.

The Novel Coronavirus (2019) is a cause for concern, with a number of listeners asking the same question: …

Ask Justin: How Much Money Do I Need to Retire?

March 9th, 2020

19:15

In episode 234 of Financially Simple, Justin answers a question on Retirement.

A listener of the podcast asks, How Much Do I Need to Retire? Justin …

Ask Justin: Is $500 per Month Enough for an Investment Saving Plan?

March 5th, 2020

18:55

In episode 233 of Financially Simple, Justin answers a listener’s question on Saving for Retirement.

As an employee of a business, you might have a Pension Plan, but it is also a good idea to have your own Savings Plan …

Ask Justin featuring Scott Snider: What is it Like to Work in a Family Business as the Second Generation?

March 2nd, 2020

24:56

In episode 232 of Financially Simple, Justin talks to Scott Snider of the Exit Planning Institute about working in a second generation family business.

Coming into a family-owned business, whether second generation or …

Ask Justin: How Should I Prioritize Excess Income When Starting a Business, and Can I Grow My Savings at the Same Time?

February 27th, 2020

22:05

In episode 231 of Financially Simple, Justin answers a question on handling finances when planning to save and starting a business at the same time.

If you’re debt-free and have a modest lifestyle, and are planning on …

Ask Justin feat. Jonathan Mills Patrick: Should I Become an Entrepreneur?

February 24th, 2020

31:25

In episode 230 of Financially Simple, Justin welcomes back Jonathan Mills Patrick to the podcast to discuss the pros and cons of being an Entrepreneur.

In an earlier "Ask Justin," episode, the question of whether or not …

Ask Justin: Do I Make Enough to Necessitate Wealth Management Services?

February 20th, 2020

17:56

In episode 229 of Financially Simple, Justin answers a question on when to hire a Financial Planner.

Cindy asks, "At what point should I consider …

Ask Justin: I’ve Inherited a Family Business, Should I Sell It or Grow It?

February 17th, 2020

22:42

In episode 228 of Financially Simple, Justin answers a listener’s question on inheriting a Family Business.

Jack has taken over his late father’s …

Ask Justin: How Does the Stock Market React During a Presidential Election Year?

February 13th, 2020

20:32

In episode 227 of Financially Simple, Justin gazes into his crystal ball to answer a listener’s question on predicting the stock market during an election year.

Tiffany asked, "How does the Stock Market react during a …

Ask Justin: How Do You, Justin, Handle The Stresses Of Being a Business Owner?

February 10th, 2020

23:27

In episode 226 of Financially Simple, Justin answers two questions from different listeners, relating to his own business practices.

Cindy asks Justin, "How do you, as a Business Owner, handle the stresses of running …

Ask Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy My Business?

February 4th, 2020

14:07

In episode 225 of Financially Simple, Justin answers a listener’s question on what steps to take if you receive an offer for your business.

Charlie …

Ask Justin & Jeff: How Do I Determine How Much I Need To Retire?

January 30th, 2020

21:42

In episode 224 of Financially Simple, Justin and guest co-host Jeff Jeter look at the personal finance needs of Retirement.

Podcast listener Sarah asks, "How Do I Determine How Much I Need to Retire?" Justin and Jeff …

Ask Justin: What Should I Be Doing Right Now in My Business Finances?

January 23rd, 2020

17:31

In episode 222 of Financially Simple, Justin answers the second part of a question regarding plans for the new year.

Tim asks, “What is the number …

Ask Justin: What Should I Be Doing Right Now in my Personal Finances?

January 20th, 2020

15:34

In episode 221 of Financially Simple, Justin answers a question regarding plans for the new year.

Tim asks, “What is the numbering thing I should be …

Ask Justin: The HRA - What They Are and How They Work

January 16th, 2020

23:09

In episode 220 of Financially Simple, Justin answers a question about having a Health Reimbursement Arrangement.

A listener of the podcast asks, "I …

Ask Justin: Starting an Investment

January 13th, 2020

24:36

In episode 219 of Financially Simple, Justin answers a question posed to him by a listener of the podcast.

Podcast listener, Allan - recently …

Ask Justin: Q&A Session

January 9th, 2020

29:27

In episode 218 of Financially Simple, Justin answers a question posed to him by a listener of the podcast.

Podcast listener, Adam from Grand Rapids …

A Wrap Up to Season 2

December 17th, 2019

17:54

In episode 216 of Financially Simple, Justin wraps up Season 2, looking back on what has been covered and achieved, and looking forward to what’s still to come in Season 3 of the Financially Simple podcast.

 

Don’t …

How to Minimize Taxes When Selling Real Estate: Part 2

December 12th, 2019

16:37

In episode 215 of Financially Simple, Justin continues his examination of reducing tax costs when selling Real Estate.

When selling property, the 1031 Exchange route might not be the best option with so many …

How to Minimize Taxes When Selling Real Estate

December 9th, 2019

20:43

In episode 214 of Financially Simple, Justin begins to look at how to go about selling a Real Estate investment.

As you grow your Real Estate …

How Can You Pay For Investment Real Estate?

December 5th, 2019

18:30

In episode 213 of Financially Simple, Justin lists the ways in which you can pay for Real Estate investment.

As you consider getting into Real Estate investing, you might need to take out a loan to buy the property. …

Should You Use Your IRA to Buy Investment Property?

December 2nd, 2019

18:59

In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property.

Can you use your IRA …

How to Purchase Real Estate Without Real Property Headaches

November 25th, 2019

27:20

In episode 211 of Financially Simple, Justin looks at options for investing in Real Estate without the headache of buying property.

When it comes to investing in Real Estate, there are options to invest without buying …

Investors Must Focus on Cash-on-Cash Return

November 21st, 2019

17:30

In episode 210 of Financially Simple, Justin explains Cash-On-Cash Return for Real Estate Investments.

Keeping track of the value of a Real Estate …

Why Should You Invest in Real Estate

November 18th, 2019

20:50

In episode 209 of Financially Simple, Justin consider why you should invest in Real Estate.

With so many possibilities when it comes to investments, …

Investing in Real Estate - When It Makes Sense

November 14th, 2019

22:39

In episode 208 of Financially Simple, Justin takes a look at the timing of Real Estate investments.

When is the best time, and when is the worst time to invest in Real Estate? Justin explains the cycles of the Real …

The Different Types of Real Estate Investing

November 11th, 2019

25:43

In episode 207 of Financially Simple, Justin introduces Real Estate Investing.

If you own your home, or business premises, you’ve invested in Real Estate; but besides investing in your own property, did you know you can …

Should I Invest in Active or Passive Funds & ETFs?

November 7th, 2019

24:53

In episode 206 of Financially Simple, Justin compares Active and Passive Funds and ETFs.

What are Active and Passive Funds, how do they work, and which is better? Justin looks at both Active and Passive Funds and ETFs, …

Picking Mutual Funds

November 4th, 2019

20:53

In episode 205 of Financially Simple, Justin provides a simple guide for picking Mutual Funds.

When deciding which Mutual Funds to invest in, a lot of new investors can make the mistake of only looking at the numbers. …

Understanding Mutual Funds

October 31st, 2019

22:56

In episode 204 of Financially Simple, Justin gives a very simplified explanation of what Mutual Funds are.

If you’re considering investing, but are not wanting to go for individual stocks and shares, a Mutual Fund might …

Should I DIY My Own Investing or Hire a Professional

October 28th, 2019

22:27

In episode 203 of Financially Simple, Justin examines the perceived added value of having an Investment Advisor when investing.

When you decide to invest, you might hire the services of an Investment Advisor or you …

Why Should We Invest: Compound Interest

October 24th, 2019

19:39

In episode 202 of Financially Simple, Justin looks at another reason to invest: Compound Interest.

There are many reasons to invest, and Compound Interest is one of them. Justin explains what Compound Interest is, how …

What is Diversification?

October 21st, 2019

21:11

In episode 201 of Financially Simple, Justin gives an outline of Diversification in Investing.

Just as you shouldn’t invest solely in your business, …

Why Should a Business Owner Invest in Assets Outside of Their Business

October 17th, 2019

19:56

In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business.

As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you …

What is Timing the Market, and Does it Work?

October 14th, 2019

26:12

In episode 199 of Financially Simple, Justin considers the investment strategy of Timing the Market.

When to buy, when to sell; when to invest, when not to invest - these are questions most investors ask. But, the …

Dollar-Cost Averaging

October 10th, 2019

17:07

In episode 198 of Financially Simple, Justin continues with the Investing 101 Overview, looking at Dollar-Cost Averaging.

Dollar-Cost Averaging is a …

Introducing Portfolio Rebalancing and Target-Band Rebalancing

October 7th, 2019

19:25

In episode 197 of Financially Simple, Justin continues with the Investing 101 Overview and explains Rebalancing and Target-Band Rebalancing.

Buy Low Sell High: this is the core principle of Rebalancing in a nutshell. …

Investing 101: Overview Part 2 - Risk Tolerance

October 3rd, 2019

20:52

In episode 196 of Financially Simple, Justin continues with the Investing 101 Overview and looks at Risk Tolerance.

Investing has its ups and downs, …

Investing 101 Part 1 - The Overview of Asset Types

September 30th, 2019

23:23

In episode 195 of Financially Simple, Justin begins a series on Investing 101.

Creating an investment portfolio can be confusing and intimidating, …

Non-Qualifying Investments

September 26th, 2019

18:35

In episode 194 of Financially Simple, Justin continues his overview of Investing 101 and takes a look at Non-Qualified Investments.

From a personal finance perspective, Non-Qualified investment accounts can have …

Adding a Cash Balance Plan to a 401k Plan

September 23rd, 2019

22:08

In episode 193 of Financially Simple, Justin and Jennifer McConnell take a look at adding a Cash Balance to a 401k plan.

As a successful business …

Exploring the Safe Harbor and Profit Sharing Provisions of a 401k

September 19th, 2019

18:51

In episode 192 of Financially Simple, Justin continues his discussion with Jennifer McConnell of July Business Services about 401(k) funds.

There are …

The Basics of the 401(k)

September 16th, 2019

20:56

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

401(k) funds …

Solo 401k - The Small Business Owner’s Guide

September 12th, 2019

20:59

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

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

Which to Choose: a SIMPLE 401k or SIMPLE IRA or Regular 401k Plan?

September 9th, 2019

16:44

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

20:29

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 a few nifty tricks. Justin explains why …

SIMPLE IRA - What is It and When Should You Use It?

September 2nd, 2019

0:21

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 …

IRAs and ROTHs - A Business Owner’s Guide

August 29th, 2019

23:20

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 …

4 Types of Investments - Overview for Business Owners

August 26th, 2019

17:29

In episode 185 of Financially Simple, Justin begins to look into investing as part of his Personal Finance for Business Owners series.

There are a lot of choices when it comes to investing with regard to personal …

The Exhaustive List of Trusts Used for Planning

August 22nd, 2019

27:12

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

There are a lot of different Trusts …

The 9 Basic Types of Trusts

August 19th, 2019

19:26

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

15:24

In episode 182 of Financially Simple, Justin looks at the other documents necessary alongside 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

0:01

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 according to your wishes if you get the …

The Key Point of a Last Will and Testament

August 8th, 2019

22:26

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

25:12

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 …

Michael Crane Expert Interview - Individual Health Insurance

August 1st, 2019

23:11

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

27:35

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

20:47

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

10:33

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

21:57

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

20:52

In episode 173 of Financially Simple, Justin asks if, as a Business Owner, you should get a Life Insurance policy to fund your retirement.

There can …

Life Insurance 101 For Business Owners

July 11th, 2019

21:58

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

17:21

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

17:51

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

24:16

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 …

How Business Owners Can Reduce Their Insurance Expenses

June 27th, 2019

23:43

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

26:58

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

17:22

In episode 166 of Financially Simple, Justin considers how much  Small Business Owners 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

23:01

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

13:36

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

Should you depreciate the value of …

49 Possible Tax Deductions for Small Business Owners

June 6th, 2019

23:14

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

16:49

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

29:41

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

19:43

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

22:16

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

17:48

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

40:09

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

18:47

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

RELATED BLOG: BLOG: Income for Life Retirement Series #10 Manage Pension Fund Payments

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

What Should I Do With an Inheritance?

May 9th, 2019

27:00

In episode 154 of Financially Simple, Justin looks at the various types of Inheritances and how best to handle each.

Receiving an Inheritance from a loved one can be a blessing, or a curse if not dealt with properly. …

How To Help Your Family - Make Quick Income

May 6th, 2019

14:12

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

RELATED READING: BLOG: How to Make Extra Income on the Side While You Grow Your Business

At times cash …

How Often Should I Evaluate My Budget?

May 2nd, 2019

13:27

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

18:34

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

21:20

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

If you’re paying your kids …

Should I Put My Spouse on the Business's Payroll?

April 22nd, 2019

23:15

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

15:19

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

18:21

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

17:28

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

12:15

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

23:12

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

22:56

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 and Auto Loans - The Scoop from an Insider

March 25th, 2019

37:32

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

16:08

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

14:13

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

14:46

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

28:28

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

15:30

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

16:53

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

16:14

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

16:09

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

16:01

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

6:40

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

16:29

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

15:59

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

16:46

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

21:59

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

26:39

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

14:11

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

Knowing how much your business will require 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

16:10

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

18:40

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 is so important! Justin gives 19 tips on how to best manage …

Tips to Manage Accounts Receivable

January 17th, 2019

18:46

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 so much easier! Justin lists 19 tips on …

How Much Cash Should My Business Hold?

January 14th, 2019

15:03

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

15:40

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

14:18

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

23:07

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

18:50

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

24:59

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

18:20

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

24:38

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

21:55

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

18:44

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

23:28

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

Continuous and regular evaluation of your Team …

How to Use Performance Reviews for Value Growth

November 22nd, 2018

17:15

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

19:16

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

21:42

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 whether they’re the right fit for the …

How to Affect Cultural Change

November 12th, 2018

18:38

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

Changing the culture and values of an …

The 3 Key Areas to Address for Maximum Value Alignment

November 8th, 2018

10:12

In episode 106 of Financially Simple, Justin looks at maximizing 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

16:56

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

19:58

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

27:15

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

24:55

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

17:32

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 easily identifiable, recognizable, and conveys a message. Justin defines …

One Hundred Episodes!

October 18th, 2018

14:49

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 favorite …

Market Positioning

October 15th, 2018

22:12

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

23:30

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 Ps - The Basic Elements of Marketing

October 8th, 2018

20:10

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

11:13

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

17:47

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

16:44

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

19:36

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 …

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

September 20th, 2018

23:52

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

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

What is a Best-in-Class Sales Structure?

September 17th, 2018

23:22

In episode 91 of Financially Simple, Justin talks Best-in-Class Sales structures.

One of the ways to efficiently improve your business’s value with minimal costs is to be the best-in-class in Sales - stand out from the …

Ways Great Leadership Adds Value to Your Company

September 13th, 2018

13:41

In episode 90 of Financially Simple, Justin wraps up the series on Leadership by explaining how good leadership adds value to your company.

Having good leadership within your company will help drive the business towards …

How to Train Leaders in All Areas of Your Business

September 10th, 2018

19:47

In episode 89 of Financially Simple, Justin talks about developing leadership within the business.

When it comes time to sell your business, you and the buyer will want to know that the team you have in place will be …

The Personal Qualities of Small Business Leaders

September 6th, 2018

28:15

In episode 88 of Financially Simple, Justin looks at the 21 Personal Qualities of a good leader.

To be a successful business owner, you need to be a …

The Top 10 Things Leaders Do to Drive Up Value

September 3rd, 2018

22:32

In episode 87 of Financially Simple, Justin looks at the top ten things that good leaders do.

Jeff Immelt, former CEO of GE, shared what he thought the good qualities of a leader are in an interview with Fast Company …

What is Leadership in the Small Business Setting?

August 30th, 2018

23:07

In episode 86 of Financially Simple, Justin talks Leadership.

What makes for a good small business leader; someone that will direct the company and its team where the business is meant to go? Justin looks at the …

How Planning can Increase the Value of Your Company

August 27th, 2018

13:55

In episode 85 of Financially Simple, Justin wraps up this series on Business Planning.

A solid business plan that is well executed will increase the …

The Business Planning Cycle & Challenges to Business Planning

August 23rd, 2018

In episode 84 of Financially Simple, Justin goes through the motions of the Business Planning Cycle.

Thought your business plan was a one-off? Think again! Business plans are constant throughout the operations of a …

Tactics & Actions in Strategic Planning

August 20th, 2018

17:42

In episode 83 of Financially Simple, Justin talks Tactics and Actions.

Setting out your business strategy objectives follows the rule of three - …

Strategies Within the Context of Strategic Planning

August 16th, 2018

27:06

In episode 82 of Financially Simple, Justin goes over the core strategies of Strategic Planning.

There are three considerations of strategic planning - engagement, positioning, and growth. Justin examines each of these …

Setting Strategic Objectives

August 13th, 2018

23:32

In episode 81 of Financially Simple, Justin talks about setting strategic objectives for your business.

As your business grows, it’s important to have clear goals to define the development of the business and keep it on …

SWOT Analysis in Strategic Planning

August 9th, 2018

20:53

In episode 80 of Financially Simple, Justin looks at SWOT Analysis for business.

A SWOT Analysis can help define a business’ strengths, weaknesses, opportunities, and threats - knowing each of these aspects in a …

A Business Owner's Values - The Effect on Strategic Planning

August 6th, 2018

14:34

In episode 79 of Financially Simple, Justin takes a look at the values that will define your business.

An individual’s values and the values of their business define the character and reputation of them and their …

Vision vs. Mission in Strategic Planning

August 2nd, 2018

12:35

In episode 78 of Financially Simple, Justin compares the Vision and the Mission of Strategic Planning

Setting out a business’s strategic plan as the owner, you’ll need to know where you want to be in X years time and …

The Strategic Planning Outline: Long-term Planning for Increased Business Value

July 30th, 2018

24:06

In episode 77 of Financially Simple, Justin outlines the strategic planning process.

Drawing up a strategic business plan can be a daunting task for …

Business Planning 101

July 26th, 2018

14:54

In episode 76 of Financially Simple, Justin introduces Business Planning 101.

As Benjamin Franklin once said, “Failing to plan, is planning to fail”. In this episode of Business Planning 101, Justin looks at the …

The Flaw in the Dupont Company Formula

July 23rd, 2018

19:31

In episode 75 of Financially Simple, Justin looks at the Dupont Formula and how it can be improved upon.

The Dupont Formula is a Return On Equity …

The 8 Key Areas of Business

July 19th, 2018

20:44

In episode 74 of Financially Simple, Justin gives an overview of the eight key areas of business and the respective personality types of each.

When it comes to running a business there are eight identifiable areas of …

The Key Language to Understand in Value Growth

July 16th, 2018

24:20

In episode 73 of Financially Simple, Justin looks at the key concepts of Value Growth.

There are various terms used in business that might be unfamiliar or confusing, and knowing the correct definitions of such terms is …

Understanding Time Value Money and why it is the Key to High Value Companies

July 12th, 2018

20:45

In episode 72 of Financially Simple, Justin takes a look at Time Value Money and why it’s an important concept to understand as a business owner.

The value of money changes from one moment to the next, as it is affected …

Basic Valuation Approaches and Why They Matter

July 9th, 2018

21:32

In episode 71 of Financially Simple's Growing a Business series, Justin takes a look at the different types of Business Valuation.

The value of something is tricky to determine, as there are so many variables both …

What Exactly is Business “Value”?

July 5th, 2018

25:11

In episode 70 of Financially Simple's Growing a Business series, Justin goes over the various types of Valuation methods for business.

Understanding the different types of Value your business has is important when it …

6 Principles which make a Business more valuable to the Potential Buyer

June 28th, 2018

26:42

In episode 68 of Financially Simple's Growing a Business series, Justin goes over the principles that will determine the value of your business to potential buyers.

When starting and even running a business, it’s …

Understanding the Cost of Capital and Risk Relationship

June 25th, 2018

24:17

In this episode of Financially Simple's Growing Your Business series, Justin takes a look at the relationship between the cost of capital and risk.

There are various knock-on effects from investing in your own business, …

Business Value and Profitability are Two Separate Things

June 21st, 2018

23:53

In episode #66 of Financially Simple's podcast, Justin examines how the value and profitability of a business are related by separate concepts.

A business can be profitable in the market. But when it comes to its value …

You Have Lost Objectivity in Your Business

June 18th, 2018

22:31

In episode 65 of Financially Simple's Growing a Business series, Justin looks at maintaining objectivity in your business to maintain its growth.

A lack of objectivity can lead to complacency, and that can lead to …

Growing the Value of Your Business

June 14th, 2018

12:14

Your business is alive and humming along. You now need to be focusing on growth. Certified Value Growth Advisor Justin Goodbread considers some of the business professionals he has had experience with on his own …

Learning is Multiplicative

June 11th, 2018

12:52

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 …

Dan Hall with Elite Mortgage Services Interview - Home Mortgages

June 7th, 2018

34:22

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 …

How Business Owners Can Evaluate Their Credit Card Providers

June 4th, 2018

30:27

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 …

Using Digital Marketing for Small Businesses

May 31st, 2018

36:35

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 …

Taxes - Creative Planning and Reduction Ideas

May 28th, 2018

31:20

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 …

How to Increase Sales in Your Business

May 24th, 2018

30:02

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 …

Quality Control to Protect Your Product or Service

May 21st, 2018

23:15

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 …

Time Management for the Small Business Owner

May 17th, 2018

26:20

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 …

Advertising or Marketing - Promoting Your Start-up

May 14th, 2018

30:46

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 …

How to Negotiate with Vendors and Suppliers

May 10th, 2018

25:00

If you are providing a product or service, chances are good that you’re buying products and services yourself. Justin discusses several key points …

Understanding the Legal Aspects of Business Entities

May 7th, 2018

31:45

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 …

How to Hire the Best Employees

May 3rd, 2018

29:31

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 …

The Types of Insurance a Business Needs to Have

April 30th, 2018

30:00

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 …

The Basic Management Systems of a Start-Up Business

April 26th, 2018

34:37

To effectively run a business there are a number of systems and workflows that should be implemented from the beginning, to ensure smooth business …

Funding - How to Find Money When Starting a Business

April 23rd, 2018

24:34

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 …

Business Entities - The Five Types of Business Structures

April 19th, 2018

26:28

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 …

Your Business' Advisory Team - Your "Dream Team"

April 16th, 2018

24:16

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 …

Preparing Your Personal Finances for Starting a Business

April 12th, 2018

28:24

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 …

Jonathan Mills Patrick Interview - Startups & Funding

April 9th, 2018

37:08

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 …

The Business Plan - Part 2

April 5th, 2018

25:44

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 …

The Business Plan - Part 1

April 2nd, 2018

21:01

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 …

Traits of Successful Business Owners - Do You Have a Business Personality?

March 29th, 2018

22:08

What qualities make for a successful entrepreneur? Justin looks at the various definitions of an Entrepreneur, and the characteristics that define …

Starting a Business Series - Assessing Your Big Idea

March 26th, 2018

19:17

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 …

Ben Wells Interview - ESOPs: Employee Stock Ownership Plans

March 22nd, 2018

23:11

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 …

Chris Snider Interview - Exit Planning Institute

March 19th, 2018

25:25

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 …

What is a Value Gap?

March 15th, 2018

16:53

In episode 38 of Financially Simple, Justin goes back to determining the value of your Business compared to other competitors, and whether it’s the right time to sell.

If your Business isn’t making as much as your …

What to do with the Proceeds of the Business Sale

March 12th, 2018

27:31

In episode 37 of Financially Simple, Justin talks about what to do with the money from the sale of your Business.

You’ve sold the Business and now …

What to Expect at a Business Closing

March 9th, 2018

12:26

In episode 36 of Financially Simple, Justin talks about the things that a Business owner can expect when it’s time to sign the deal to sell.

This is …

Preparing for the Unexpected - Reasons a Buyer Backs Out of the Sale of a Business

March 8th, 2018

13:58

In episode 35 of Financially Simple, Justin considers disruptions that could happen at the last minute of a sale that could derail the process.

What is a Re-Trade and How Can I Possibly Avoid It?

March 6th, 2018

14:53

In episode 34 of Financially Simple, Justin gives advice on Re-Trades.

A Re-Trade is the Business buyer’s equivalent of the old Bait and Switch. …

Due Diligence Process in selling a Business

March 5th, 2018

18:32

In episode 33 of Financially Simple, Justin takes a look at the Due Diligence process.

As you prepare to sell your Business, the buyers are going to be performing Due Diligence and scrutinizing all aspects of your …

The Purchase Agreement

March 2nd, 2018

17:00

In episode 32 of Financially Simple, Justin goes over the Purchase Agreement.

When finalizing the paperwork for the sale of your business, it’s important to read and check the small print, making sure that there are no …

The Sale Documents and the Terms Found in a Purchase Agreement

March 1st, 2018

17:52

In episode 31 of Financially Simple, Justin gives an overview of the various documents and agreements that Business buyers and sellers must check at the time of sale.

During the sales process of a Business, both the …

How to Minimize Taxes When You Sell Your Business

February 27th, 2018

21:42

In episode 30 of Financially Simple, Justin looks at how to go about reducing your tax bill when you sell so that you’re not left feeling short-changed.

When you sell your Business, the taxman takes a portion of the …

Ways You’ll be Paid When Selling Your Business

February 26th, 2018

25:07

In episode 29 of Financially Simple, Justin goes over the different ways you could be paid when you sell your Business.

When the deals have been …

Letter of Intent, the First Step in a Formal Business Sale

February 23rd, 2018

23:29

In episode 28 of Financially Simple, Justin talks about the Letter of Intent - the first step of many along the road to selling your Business.

A Letter of Intent, or LOI, is like a declaration of war - it signals the …

Can I Get a Bid? Selling your Business by Auction

February 22nd, 2018

19:25

In episode 27 of Financially Simple, Justin looks at the process of selling your Business by Auction.

Auctioning a Business is similar to auctioning a car or a cow - but there are some differences and things that a …

The Sales Presentation - Pitching Your Business

February 20th, 2018

16:32

In episode 26 of Financially Simple, Justin goes over putting together the Sales Presentation of your Business, and how to approach the Buyer.

When it comes to selling your business, it’s important to have a good Sales …

The Offer - Building the Pitch Book

February 19th, 2018

21:36

In episode 25 of Financially Simple, Justin talks about having your Pitch Book ready to go for when the Business gets an offer.

The Pitch Book of your Business will contain all of the information about the Business, …

Determining How Much Your Business is Worth

February 16th, 2018

22:43

In episode 24 of Financially Simple, Justin goes into Business Valuation - how and why.

Knowing what your Business is worth will help you when it comes to selling or accepting offers. It will also help you to identify …

Who is Your Customer? Who Will Be Buying Your Business?

February 15th, 2018

17:39

In episode 23 of Financially Simple, Justin asks who your real customer is, that is to say, who do you want to sell your Business to?

Knowing who your ideal customer is will help you plan your business. Justin looks at …

Picking a Business Broker, M&A Advisor, or Investment Banker

February 13th, 2018

18:50

In episode 22 of Financially Simple, Justin takes a look at the specialist players you need to have on your bench when it comes to selling your Business.

Once you’ve set up your team to deal with the day-to-day running …

There are No Mulligans When You Sell Your Business

February 12th, 2018

22:34

In episode 21 of Financially Simple, Justin talks about being prepared as a Business Owner for when that offer comes.

Unlike in golf, there are no …

Protecting Yourself - Lawyers, Chainsaws, and Documents

February 9th, 2018

24:10

In episode 20 of Financially Simple, Justin compares Lawyers to chainsaws - potentially dangerous to the inexperienced, and incredibly useful to …

Know Your Business's Minimum Sale Price

February 8th, 2018

22:29

In episode 19 of Financially Simple, Justin talks about being financially prepared as a Business Owner for the sale of your Business.

Do you know what your worth is? Is it enough to cover the lifestyle you hope to have …

This message will self-destruct… (Life after the Sale of the Business)

February 6th, 2018

19:52

In episode 18 of Financially Simple, Justin talks about mentally preparing yourself, as Business owners, for life after the sale.

As business owners approach the sale of their businesses, or are made an offer, most will …

Duck! - Not Having an Exit Plan Can Cost You in the End

February 5th, 2018

23:22

In episode 17 of Financially Simple, Justin talks about having your Exit Strategy in place and acting on it.

As your business's most important team member, how and when you plan to leave your business will have an …

Readdressing Marketing Systems - The Law of Sowing and Reaping

February 2nd, 2018

27:25

In episode 16 of Financially Simple, Justin gives a crash course introduction to Marketing.

Marketing your business is necessary for sustainable long-term growth - sowing the seeds today so that you reap the profits …

Employee Agreements – Don't Share the Corn Seed, Share the Harvest

February 1st, 2018

23:05

In episode 15 of Financially Simple, Justin looks at the ways and means of ensuring employee loyalty and retention.

Having committed employees that work hard for you, makes for good Business - having a high employee …

Employee Incentive Programs – What's the Best Fit Your Business?

January 30th, 2018

23:47

In episode 14 of Financially Simple, Justin considers how to build confidence and motivate your team to improve the growth and value of Your Business.

A rising tide lifts all ships. As your Business grows, succeeds, and …

Business Risk Assessment - Listen to Your Good Angel

January 29th, 2018

24:08

In episode 13 of Financially Simple, Justin takes a look at the ins and outs of Risk Assessment.

In business there are risks - the key to a …

Clear and Up-to-Date Financial Reporting Entices Buyers

January 26th, 2018

32:12

In episode 12 of Financially Simple, Justin talks about having the systems in place to track a small business's performance and success.

There are two main factors that are looked at when it comes to selling a Business …

What Type of Business Entity Should I Choose?

January 25th, 2018

16:55

In episode 11 of Financially Simple, Justin talks about the different types of business entities and why they matter.

In Business, the type of …

Owner-Employee Relations - Love People and Use Things

January 24th, 2018

25:24

In Episode Ten Justin shares the love... we’re talking about appreciating your employees... the people that support you. You need to have sound …

Vision Statement - How's Your Vision?

January 22nd, 2018

22:57

In episode nine of Financially Simple, Justin talks about having a vision for the future of Your Business.

Having a Vision Statement helps to give business owners a clear idea of where they want their business to go. It …

Sticking with It - A Business Owner's Personal Sustainability

January 19th, 2018

17:02

In episode number eight of Financially Simple, Justin takes a close, hard look at what you need to do for yourself to improve your personal sustainability.

In order for you to be able to take care of your business, and …

Business Sustainability - Your Cash Reserves

January 18th, 2018

18:50

In episode seven of Financially Simple, Justin looks at the factors affecting a Business’s Sustainability.

A sustainable business will flourish in times of plenty, and survive through times of hardship. Justin talks …

Staff - How Strong is Your Team?

January 16th, 2018

24:24

Episode six Justin discusses your "bench" - properly investing in your business’s team is a wise investment in your business.

How strong is your bench? A capable and happy staff in your business means that the business …

Business Scalability - Size Matters

January 15th, 2018

30:25

In episode five of Financially Simple, Justin covers what it takes to build a business empire - Scalability.

The Scalability of Your Business is its ability to grow and expand, and even continue to grow without you at …

The Mastery of Competitive Advantage

January 12th, 2018

18:37

In the fourth episode of Financially Simple, Justin breaks down the mystery of Competitive Advantage for Small Businesses.

Competitive Advantages distinguish Small Businesses amongst their competitors – highlighting …

A Business Plan: Surprising Purposes When Building a Sellable Business

January 11th, 2018

26:41

In this, the third episode of Financially Simple, Justin talks about the foundations of running a Small Business – the Business Plan, and how to go about creating one to achieve the goals Owners have for their …

Planning the Sale of Your Business MUST Start at the End

January 10th, 2018

26:17

In the second episode of Financially Simple, Justin starts at the end – selling your business. Knowing the end goal sets the target, so that planning your business and keeping on track becomes easier.

Justin talks about …

Building A Sellable Business Podcast - The Who and Why

January 8th, 2018

25:16
The Purpose of the “Building a Sellable Business” Podcast

In this, the first episode of Financially Simple's Building A Sellable Business podcast …

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