Creating a Life of Freedom: The Entrepreneur's Path with Kim Nmezi
Release Date: 07/25/2023
From Humble Beginnings to Entrepreneurial Success in E-Commerce; Jonathon Jonas, Decent Startup
Entrepreneur Strategies
Join us on the Entrepreneur Strategies Podcast as we sit down with the insightful Jonathon Jonas, Founder of Decent Startup. In this episode, Jonathon shares his fascinating journey from humble beginnings to entrepreneurial success, navigating ups and downs, twists, and turns. Discover how networking and an early dive into e-commerce played pivotal roles in shaping his path to success. Tune in for valuable insights and inspiration for your own entrepreneurial journey. You can find out more about Jonathon at his website and LinkedIn:
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Uncovering Business Owner Tax Secrets; Paul Olsen
Entrepreneur Strategies
SummaryIn this conversation, Mike Metzger, CFP®, and Paul Olsen discuss the importance of treating staff well and teaching and delegating effectively. They also explore the concept of automating, eliminating, and delegating tasks to improve efficiency. The conversation then shifts to common mistakes in tax planning and the value of proactive tax planning throughout the year. They emphasize the importance of good accounting and its impact on tax and financial planning. The discussion also covers entity structure, payroll strategies, and the benefits of filing for S corporation status. Paul...
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Business Valuation As a Catalyst For Growth; Ken Sanginario
Entrepreneur Strategies
Summary Ken Sanginario, owner of Corporate Value Metrics, shares insights on creating value within businesses and turning around distressed companies. He emphasizes the importance of focusing on valuations early on and understanding the pitfalls of chasing revenue. Ken also discusses the process of developing a standardized approach to assess companies and create future state visions. He provides examples of scaling and creating value in small businesses, as well as the decision-making process between acquiring competitors or building from scratch. Ken highlights the need for business owners...
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6 Business Owner Financial Strategies to Catapult Your Wealth and Reduce Taxation
Entrepreneur Strategies
Summary In this episode, Mike Metzger, CFP®, shares six financial strategies for business owners to grow their wealth and reduce taxes. The strategies include choosing the right entity structure, utilizing retirement plans, strategically purchasing large ticket expenses, taking advantage of accelerated depreciation, and implementing installment sales. Each strategy is explained in detail, highlighting the benefits and considerations for business owners. These strategies can help business owners maximize their financial growth and minimize their tax liabilities. Takeaways Choosing the right...
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Entrepreneur Strategies; Choosing Business Owner Retirement Plans
Entrepreneur Strategies
Summary In this episode, Mike Metzger discusses the importance of balancing business growth with family and personal health. He introduces the topic of retirement plans for small business owners and provides insights into different options available. The main focus is on SEP IRA, Solo 401k, Safe Harbor 401k, and Traditional 401k plans. Mike explains the eligibility, contribution limits, and benefits of each plan. He also highlights the importance of considering factors like the number of employees and the desire to attract and retain employees when choosing the right retirement plan. Takeaways...
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Develop Strategic Influence and Leave a Legacy - Insights From Gary Laney
Entrepreneur Strategies
Gary C. Laney is CEO of Success Masters, author, and serial entrepreneur of 20+ businesses. Industries include business networking, online media, e-commerce, and intellectual property. A dynamic speaker, Gary has been recognized as a top presenter, motivating tens of thousands of entrepreneurs, professionals, and salespeople. Prior to his entrepreneurial run, Gary spent 25 years as an executive in corporate high-tech and commercial publishing. He is known for his ability to turn around businesses and create dramatic revenue growth. Gary has a triple major MBA from Northwestern Kellogg in...
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Building a Personal Brand for Success in Business with Paul Barnhurst
Entrepreneur Strategies
Paul Barnhurst is a Finance Professional with 12+ years of finance and FP&A experience. He Earned a bachelor's from BYU, an MBA specializing in finance, and a Master of Information Management from Arizona State University. Paul recently launched his own business called The FP&A Guy providing FP&A consulting services for small and midsized companies, FP&A Training, and FP&A content creation (Webinars, blogs, sponsored LinkedIn Posts). He resides in the Salt Lake City, Utah area with his wife and daughter. On LinkedIn, he goes by the moniker The FP&A Guy. In this...
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Growing a Home Inspection Business from the Ground Up with Andrew Jolley
Entrepreneur Strategies
This episode features home inspector Andrew Jolley and focuses on his career path and day-to-day work in the industry. He discusses how he got started in home inspections by maintaining foreclosed properties, and how he eventually became certified and started his own successful business. Andrew also provides valuable insights into the home inspection process and what buyers and sellers should expect. Additionally, this episode touches on some of the challenges of the job as well as how Andrew prioritizes health, family time, and work-life balance as a busy entrepreneur. "For myself, I...
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Hustle and Sweat Equity: Sarah McNamara’s Strategies for Success
Entrepreneur Strategies
Born and raised near Buffalo, New York, Sarah McNamara obtained her Bachelor's degree in Education. Seeking cultural adventure, she opted to complete her final teaching internship on the Navajo Indian Reservation in New Mexico. Sarah considers that internship to be the best, most life changing opportunity she’s had to date. Sarah moved to Florida shortly thereafter to begin teaching and obtained a Masters degree in School Counseling. After working in Education for nine years, Sarah ultimately decided that Real Estate was her calling. It was a smooth transition, as her desire to educate her...
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Beyond the End Zone: Crafting the NFL's Digital Narrative with Michael Wiebler
Entrepreneur Strategies
Michael Wiebler is a new-media executive with over 15 years of tangible entertainment strategy, marketing and production experience. He currently leads content strategy in the Club Media Group at the NFL as the Director of Content and Media Strategy. In episode 4, we sat down with Michael Wiebler, the director of content and media strategy for the NFL. With a rich professional background in film and marketing, Michael shed light on his unique journey to the NFL and his role in amplifying its digital content for both clubs and the league. He demystified the essence of digital strategy,...
info_outlineKim is co-founder and co-owner of TidyBooks LLC, an outsourced accounting and bookkeeping firm, alongside her partner and long time friend, Heidi Hansen. Over the span of three years, Kim and Heidi have grown their portfolio of businesses from 3 to over 50 clients across e-commerce, financial, and wellness industries. TidyBooks has grown their average monthly revenue by 40x, exclusively through word-of-mouth referrals
In this episode, Mike interviews Kim Nmezi, the co-founder of Tidy Books LLC, an outsourced accounting and bookkeeping firm. Kim shares her journey of starting the business from home while being a stay-at-home mom, the challenges they faced, and the importance of processes and delegation in scaling the business. She emphasizes the significance of word-of-mouth referrals and the need for entrepreneurs to focus on their core business while leaving bookkeeping to professionals. Kim also discusses her long-term vision of working on the business rather than in it, ultimately achieving a balance between entrepreneurship and family life. If you're a small business owner seeking reliable bookkeeping services, Tidy Books might be the right fit for you.
"Regardless of how good your people are, if there's not a good process, nobody can do it."
- Kim Nmezi
This week on Entrepreneur Strategies:
- How to attract and retain staff.
- The growth process of an entrepreneur.
- Balancing work and family.
- The benefits of owning your own business.
- What does it take to become an entrepreneur?
- The importance of having a bookkeeper.
Our Favorite Quotes:
- "You work for yourself for a reason. Because guess what? You can say, 'I'm taking a month off.’” - Mike Metzger
- "We're still in the process... one day it's like, 'This is amazing,' and the next day it's like, 'Burn it to the ground and run away.'" - Kim Nmezi
- “Something I've been challenged to me early in my career is building something up, tearing it back down, building it back up, tearing it back down. I think that's the evolution of an entrepreneur, constantly refining, building, and then scaling back, and then building again, but better.” - Mike Metzger
- "If you don't have a bookkeeper as a small business, I highly highly implore you to do it." - Kim Nmezi
- "I just caught the vision of being able to have a career and be a mom." - Kim Nmezi
Connect with Kim Nmezi:
- Kim Nmezi on LinkedIn
- Email Kim: [email protected]
Connect with Mike:
- Lifepoint Financial Design Website
- Email Mike: [email protected]
- Mike Metzger on LinkedIn
And, if you enjoy the show, please leave a review to help others discover the podcast.
Lifepoint Financial Design, LLC, is registered to conduct investment advisory business in the state of California. Opinions expressed are as of the current date and subject to change without notice. This commentary is for informational purposes only and has not been tailored to suit any individual.Investments involve risk and unless otherwise stated, are not guaranteed.