How I Scaled a Plumbing Business & Sold It in 5 Years
The Financial Operator
The Financial Operator: Cash In, Chaos Out Podcast | Episode 66 | How I Scaled a Plumbing Business & Sold It in 5 Years with Mitch Smedley 🎙️ In this episode of The Financial Operator Podcast, host Jen Fizer sits down with plumbing entrepreneur and business coach Mitch Smedley. Mitch shares how he launched his plumbing company in 2020 with just $30,000 from a home equity line of credit—and grew it into a thriving, sellable business within five years. 🚿💼 From financing vans and managing COGS to building a YouTube following that caught the attention of Ford Motor Company, Mitch...
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Unleashing Business Efficiency
The Financial Operator
The Financial Operator: Cash In, Chaos Out Podcast | Episode 65 | Unleashing Efficiency: Mastering Business Systems with David Forster 🎙️ In this episode of the Financial Operator Podcast, host Jen Fizer welcomes fractional coo and operations expert David Forster. David shares his incredible journey from a tree-cutting side gig to successfully running and selling multiple businesses, including landscape companies and a bike shop. He delves into the importance of efficient systems for business operations and personal well-being, highlighting how such structures can save time, reduce...
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Selling Businesses With Purpose and Profit
The Financial Operator
The Financial Operator Podcast: Cash In, Chaos Out | Ep. 64 | Selling Businesses With Purpose & Profit Link to video podcast episode: Empowering Women in M&A: Rachel Boynton's Inspiring Journey 💼✨ 🎙️ Welcome to the Financial Operator Podcast: Cash In, Chaos Out! Join host Jen Fizer as she talks with Rachel Boynton, a former human services worker turned business broker, about her journey from starting a home care service to building her own M&A firm. Rachel shares insights on how to prepare a business for sale, avoid common pitfalls, and the importance of tracking...
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Unlocking Potential With Virtual Staffing Solutions
The Financial Operator
The Financial Operator Podcast: Cash In, Chaos Out | Ep. 63 | Unlocking Potential With Virtual Staffing Solutions Link to video podcast episode: 🚀 Join us as we kick off our newly branded podcast, 'The Financial Operator: Cash In, Chaos Out', with our inaugural guest, Scott Rammage from Hire VP! In this episode, Scott dives into his entrepreneurial journey, sharing insights on overcoming work-life balance challenges, leveraging virtual professionals, and the importance of believing in oneself. From starting multiple businesses to mastering the art of delegation, Scott reveals...
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Inside the Deal: Journeys in Business Acquisition
The Financial Operator
Inside the Deal: Journeys in Business Acquisition | The MKB Podcast | Episode 62 Link to video podcast episode: 🎙️ In this insightful episode, host Jen Fizer and her guests, Micah and Drew Clukey, dive deep into the nuances of buying and selling businesses. 💼 The discussion highlights the importance of leveraging personal networks and the unique value brokers can bring in specific situations. It also covers crucial considerations when partnering in business, such as assessing compatibility and understanding the financial implications. Real-life experiences and lessons are shared,...
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Behind the Buy: Business Acquisition Insights
The Financial Operator
Behind the Buy: Business Acquisition Insights | The MKB Podcast Episode 61 Link to video podcast episode: 👉Join host Jen Fizer for her debut episode on the MKB podcast! Jen, now also the new CEO of MKB, welcomes Micah and Drew Clukey of Clukey and Tebault to discuss the intricacies of business acquisitions. 🎙️ The conversation covers essential steps in the due diligence process, the importance of having a solid foundation for financial management 📊, and the challenges and opportunities in selling to private equity firms or individual buyers. Drawing from their own experiences...
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Profit Pitfalls: Overcoming Financial Missteps
The Financial Operator
Profit Pitfalls: Overcoming Financial Missteps | The MKB Podcast Episode 60, Season 7 Welcome back to another episode of The MKB podcast! In this episode, host and current CEO of MKB, Mills Bender, is joined again by entrepreneur Trevor Cowley. Together, they dive into the critical aspects of business finance, accounting, and bookkeeping. Trevor shares his extensive experience across various industries, emphasizing the importance of detailed financial oversight. They discuss common issues like business owners not keeping track of finances, the challenges at different levels of business growth,...
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Mindset Mastery: Turning Adversity Into Achievement
The Financial Operator
Mindset Mastery: Turning Adversity Into Achievement | The MKB Podcast Episode 59, Season 7 link to video podcast episode: Welcome to Season 7 of The MKB Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Join host and current CEO Mills Bender in this episode as she chats with entrepreneur Trevor Cowley about what it takes to be a successful business owner. Trevor shares his inspiring journey of turning a debt-ridden business into a seven-figure success and how resilience,...
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Transition Talk: A New Era for MKB
The Financial Operator
Transition Talk: A New Era for MKB | The Mills Knows Bills Podcast Episode 58, Season 7 Link to video podcast episode: https://youtu.be/J1-d4vWCbd0 Join us in this special episode of The Mills Knows Bills podcast, where Mills Bender, the current CEO of MKB, records her final show before passing the torch to the new CEO, Jen Fizer! In part two of an interview with Sean Casper, Mills takes the hot seat, revealing insights into the role of a fractional CFO, the growth of Mills Knows Bills, and her personal journey into financial literacy. Learn how MKB has assisted blue-collar businesses...
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Alternative Investments Made Accessible
The Financial Operator
Alternative Investments Made Accessible | The Mills Knows Bills Podcast Episode 57 Welcome to Season 7 of The Mills Knows Bills Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Join Mills in this episode as she sits down with Sean Casper, a seasoned real estate professional and partner at Coastal Investment Company, a private real estate investment firm. Sean shares his journey from starting in residential real estate during the recession to managing 3000 agents at Compass, and...
info_outlineDemystifying Taxes: Insights for Business Owners | The Mills Knows Bills Podcast Episode 43, Season 5
Link to video podcast episode: https://youtu.be/CykZRwgPKZQ
Welcome to Season 5 of The MKB Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!
In this episode, Mills is joined by tax strategists Drew Clukey and Tyler Tebault of Clukey & Tebault to discuss crucial topics around tax planning and strategies for business owners. They explore the importance of proactive tax planning, differentiate between accountants and tax strategists, and debunk common tax myths. The guests also share personal anecdotes from their careers, provide advice for new business owners, and highlight the value of consistent communication with your tax professional. This episode is packed with expert insights to help you navigate your taxes more effectively and avoid common pitfalls.
To connect with Tyler and Drew:
Website: https://www.clukeyandtebault.com/
Tel: (904) 679-3119
Email: [email protected]
Do you have your own burning financial question for Mills or the MKB team?
Email: [email protected]
Website: https://MillsKnowsBills.com
Instagram: https://instagram.com/@millsknowsbills
LinkedIn: https://www.linkedin.com/company/mills-knows-bills
Subscribe on YouTube for the latest from MKB @MillsKnowsBills
00:00 Introduction to Mills Knows Bills
00:53 Meet the Guests: Drew and Tyler
02:12 Nationwide Services and Common Tax Myths
02:55 Social Media Tax Advice: Myths and Realities
06:51 The Importance of Tax Planning
13:52 Understanding Tax Strategies vs. Accounting
17:29 Common Tax Questions and Misconceptions
22:49 Debunking the Myth: Is It Too Late to Establish an LLC?
23:19 S Corp vs. Other Business Structures: What You Need to Know
24:18 Common Misconceptions About Business Taxes
24:59 The Importance of Consistent Communication with Your CPA
26:05 Why Business Owners Hesitate to Reach Out to Their Accountants
28:14 Favorite Industries and Clients: A CPA's Perspective
31:13 Building Strong Client Relationships
36:11 Handling Tax Questions and Common Pitfalls
37:53 Biggest Challenges and Success Stories
41:52 Innovative Tools and Team Collaboration
43:30 Final Thoughts and Contact Information
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