Mission Driven Business
In this episode, Brian Thompson discusses key insights from the recent tax season, highlighting trends, surprises, and strategic opportunities for business owners to optimize their tax planning and financial health. Your tax return is not something to file and forget. If you pay attention, your tax return gives you a roadmap for what to do better this coming year. Brian also gives real-life examples of two clients that stood out this tax season. Understanding Unexpected Tax Outcomes One of the most significant stress points during tax season is the unexpected tax outcome. Many business...
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The S-Corp question is one of the most common Brian hears from entrepreneurs, but the answer is almost never as simple as the internet makes it sound. In this episode, Brian Thompson breaks down what an S-Corp actually is, how the potential tax savings work, and the real-world trade-offs that often get left out of the conversation. Whether you're considering the election for the first time or revisiting the decision, this episode gives you the context you need to make an informed choice. What is an S-Corp? First, an important clarification: an S-Corporation is not a business structure,...
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Awareness and acceptance lay the groundwork, but nothing changes until you take action. In this final episode of the budgeting series, Brian Thompson brings the framework full circle by focusing on what to actually do with your numbers. Because understanding your finances and accepting where you are is only powerful if it leads somewhere. This episode is about making intentional, strategic decisions that move your mission-driven business forward. Start With Vision, Not Spreadsheets Before diving into tactics, Brian starts with something that might surprise you in a budgeting...
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Rooted in identity, community, and purpose is what it truly means to build a business with heart. Brian Thompson sits down with Kala Lacy, an EMDR-trained yoga psychotherapist and founder of , a holistic wellness practice centered on Black and queer people of color. Kala shares how she turned her own healing journey into a thriving private practice, why niching down with radical specificity was the key to her success, and what inspired her newest venture: , a mentorship community for Black, queer, and trans clinicians building aligned private practices. A Business With Heart Kala...
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Money isn't just math and for most entrepreneurs, it never has been. In this episode, Brian Thompson continues the budgeting series with part two: acceptance. Building on , Brian explores the emotional side of budgeting and why looking at your numbers without shame or judgment is just as important as looking at them at all. Why Financial Acceptance Is the Missing Piece Once you have your numbers, you're naturally going to have feelings about them. Money is tied to your upbringing, your fears, your identity, and your sense of security. Brian sees it constantly in his client work: people...
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Budgeting doesn't have to be intimidating, but it does have to be intentional. In this episode, Brian Thompson kicks off a brand new solo series on budgeting for entrepreneurs, approaching the topic through three lenses: awareness, acceptance, and action. The episode is the first and most foundational step: Awareness. Whether you're a new business owner or a seasoned mission-driven entrepreneur, understanding where your money is actually going is the starting point for everything else. Why Financial Awareness Comes First Every January, Brian's inbox fills up with clients asking to...
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Julie Austin and Matthew Cain share their journey in leveraging their military backgrounds to assist veterans in transitioning to entrepreneurship through their podcast Dogtags to Ownership. We explore the definition of mission-driven businesses, the importance of community & networking, and the personal experiences that shaped their call to service. The discussion also touches on the significance of identity, the challenges faced during the Don't Ask, Don't Tell era and how their backgrounds influence their current endeavors. The episode concludes with insights on partnership dynamics and...
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Understanding your client relationships is more crucial than ever in today's fast-paced business environment. The that can help you gain clarity on your client base, enhance your business relationships, and ultimately drive growth. In this episode, Brian Thompson focuses on how a thoughtful client audit can transform your business. He emphasizes that this process is not about hastily cutting ties with clients but rather about thoughtfully evaluating client relationships to enhance business growth and personal well-being with a simple three-step process. The Importance of a Client Audit...
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In this solo episode, Brian Thompson outlines practical steps for business owners to take back their time, including auditing their calendars, defining a 'hell yes' filter for opportunities, using scripts to say no gracefully, and starting small with boundary-setting. He stresses that reclaiming time is an ongoing practice that requires accountability, energy tracking, and celebrating small wins. By protecting their time, entrepreneurs can create space for joy, clarity, and purpose in their lives and businesses. Why do boundaries around time management matter Time is your most valuable...
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In this solo episode, Brian breaks down one of the most overlooked but essential parts of running a mission-driven business: year-end bookkeeping. You’ll learn a simple, practical framework for cleaning up your books, organizing your finances, and setting up systems that actually support you and your business. If you’ve ever felt overwhelmed by accounting software, unclear categories, or messy receipts, this episode will help you start the new year with clarity and confidence. Episode Highlights Why year-end bookkeeping is a big deal The way you close this year directly affects how you...
info_outlineOn the very first episode of the Mission Driven Business Podcast, Brian chats with Dawn Hancock, the founder of socially conscious creative studio Firebelly Design. Dawn shares how she built the studio from the ground up, while maintaining a focus on creating “Good Design For Good Reason.”
In this episode, you'll learn the life event that compelled Dawn to create her company at age 25, the grit that led to the studio's two-decade-long winning streak, and Dawn's plans for the future.
Episode Highlights
Put people first
Dawn defines a mission-driven business as an organization that puts people first, and her studio Firebelly Design has been doing fulfilling that mantra since its founding in 1999. When making decisions, Dawn considers the impact of her business on people -- whether that's the work the studio produces or the clients that Firebelly takes on.
“For me, it’s not to say that profits don’t matter, but it means putting people first,” Dawn said.
She later added, “Profit does matter. It just doesn’t have to be the only thing.”
Starting young can be an advantage
Driven by a desire to create meaningful work and the loss of her father, Dawn founded Firebelly age 25. At the time, she figured she could always get another job if starting her own business didn’t work out. She also had the advantage of few fixed responsibilities, such as a mortgage.
“I had that young naivety,” Dawn said. “I didn’t know what I didn’t know, which ultimately was a huge plus to me.”
Initially, Dawn wanted to make enough to cover her bills, while still being able to be selective in the studio’s clients. More than 20 years later, her focus has expanded to include the wellbeing of more than a dozen people who work with her to create good design for good reason.
Know when to delegate
Dawn had to learn the importance of delegation the hard way. About seven years into running Firebelly, Dawn took on all of the work herself for a big, high paying project. But when Dawn got stretched too thin, Firebelly ultimately got fired from the job. It was at that moment that Dawn learned the importance of relying on her team.
“I have a team for a reason, and I trust them, so why am I not … just focusing on the clients, which is what I’m ultimately really good at?” she said. “That was a big ‘Aha’ moment.”
Since that key learning, Dawn’s role at Firebelly has continued to evolve, and she is now in the process of planning her transition away from the company she founded. Dawn had already been trying to envision the future both for her personal life and for Firebelly, and when 2020 hit, her answer became clear.
“I just had this moment where I realized I can hire somebody to replace myself,” she said.
While Dawn hasn’t found the right person to run Firebelly as of the podcast recording, she is excited about the prospect of delegating her latest role.
“They can see and do things that I probably wouldn’t have," she said.
Resources/Links
- https://www.firebellydesign.com
- Dawn’s Twitter: https://twitter.com/dawnhancock
- Brian’s Twitter: https://twitter.com/BrianFinancial
About Brian and the Mission Driven Business Podcast
Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit.
On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.