The Secret Weapon for Entrepreneurs: It’s NOT Revenue! | Shannon Weinstein DSH #530
Jul 02, 2024•39 min•Ep 530•Transcript available on Metacast Episode description
Unlock the secret weapon for entrepreneurs that’s NOT revenue! 🚀 Join us on the Digital Social Hour with Sean Kelly as we dive deep with Shannon Weinstein, founder of Keep What You Earn. In this riveting episode, Shannon spills the beans on why revenue is a vanity metric and what truly drives your business forward. 💰
Packed with valuable insights, Shannon shares why discipline and strategic spending can transform your entrepreneurial journey. Listen in as she debunks the myth that you need an accountant from day one and offers game-changing advice on focusing on profit and EBITDA over revenue. 📈
Don't miss out on this eye-opening conversation! Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀
Join the conversation, get inspired, and learn how to truly keep what you earn. 💼 Tune in now! #DigitalSocialHour #SeanKelly #Podcast #Entrepreneurship #ShannonWeinstein #BusinessGrowth #ProfitOverRevenue
#EntrepreneurSuccess #ScalingBusiness #FinancialStrategiesForEntrepreneurs #EntrepreneurAdvice #TaxStrategies
CHAPTERS:
00:00 - Intro
00:35 - Do you need an accountant
01:36 - Revenue is a terrible metric
03:18 - Lifetime revenue metric
06:29 - Do you want your businesses to be profitable year 1
07:37 - What are the winning companies doing that the losing companies aren’t
08:53 - What Were You Doing Before You Started Your Business
09:58 - Moving to Costa Rica
12:52 - Are You Launching a Community
14:02 - Biggest Tax Mistakes People Make
17:04 - AI is getting good
18:37 - Scaling vs. growing
19:47 - EBITDA explained
20:40 - Tax returns vs. books
23:15 - Tax strategies are time intensive
24:58 - Audits
27:30 - IRS access to bank accounts
28:25 - How do you find out you're being audited
30:04 - How do they pick who they audit
31:29 - What Counts as a Write-Off
32:42 - What Receipts to Keep
33:45 - 100% Write-Offs
34:20 - Where to Find Shannon
APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application
BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com
GUEST: Shannon Weinstein
https://www.instagram.com/shannonkweinstein
https://www.keepwhatyouearn.com
SPONSORS:
Deposyt Payment Processing: https://www.deposyt.com/seankelly
LISTEN ON:
Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015
Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759
Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/
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