Show Notes Dr. Lara Salyer's personal experience with burnout in the medical field drives her mission to help individuals worldwide find their flow and rediscover joy in their work. On the Entrepreneur Money Stories podcast, she shares practical tips for business owners to identify burnout, redefine success beyond numbers, and empower medical professionals to tap into the flow. Understanding the four phases of the flow cycle, implementing strategies to clear mental space, and prioritizing meaningful work can lead to sustained flow and prevent burnout. Dr. Lara emphasizes the importance of connecting with intuition and inner signals to enhance the flow experience. By recognizing the contrast between flow and burnout, individuals can take steps to prevent burnout, regain control over their time, and improve overall well-being.   What is flow? A flow state, in contrast to burnout, is characterized by a sense of mindfulness, fun, and being fully engaged with one's senses during a task. It is a state of optimal performance that can last from 5 to 90 minutes, boosting self-efficacy while reducing stress and cortisol levels.    Understanding the four phases of a flow cycle is crucial: starting with struggle, followed by release, where setting conditions for mental relaxation is essential, then entering the flow state itself, rich with serotonin and endorphins, and finally experiencing recovery, allowing the brain to pause and synthesize experiences without electronic stimulation.   Finding flow Finding an easy flow state can be challenging, especially when stress overwhelms us. Clearing mental space and identifying peak productivity hours are effective strategies for inviting flow into our workdays. Dr. Lara highlights the tendency of entrepreneurs to seek easy dopamine bursts by tackling simple tasks first, but warns that this approach wastes valuable time. Instead, prioritizing meaningful work can lead to a more sustained and fulfilling flow state.   In certain professions, intuition and inner signals are often ignored, yet connecting with our inner selves is crucial for experiencing flow. Dr. Lara suggests using tools such as a feelings wheel to identify emotions and their physical manifestations, as this simple practice can have a profound impact.   The intersection of Flow and Burnout Recognizing the stark contrast between flow and burnout, Dr. Lara provides practical tips for preventing burnout. Acknowledging the need for help is the first step, followed by taking deep breaths and utilizing her free restoration plan to improve well-being. Regaining control over one's time by learning to say no and setting boundaries is also essential.   Key Ideas    [03:01] Dr. Lara’s mission in the world [05:54] What a flow state is and why it’s important  [10:08] How business owners can use a flow state  [12:27] A few ways to use or find flow states  [15:48] How do you know if you’ve hit a flow state? [21:29] The four cycles of flow  [24:19] How flow intersects with burnout [26:21] Practical burnout prevention tips    About Dr. Lara Salyer   Dr. Lara Salyer, a rural family medicine physician, experienced burnout after 15 years in her career. She found solace in painting, drawing, and running, leading her to study the effects of stress on physiology and become certified with the Institute for Functional Medicine. She opened a holistic membership practice, leveraging technology for cohesive wellness in her community.    With training from the Flow Research Collective, she coaches flow acquisition and high-flow leadership in her Catalyst™ Studio Mentorship program. Dr. Lara aims to teach one million health professionals how to tap into creative flow, eradicate burnout, and enhance happiness. Her memoir, "Right Brain Rescue: One Physician's Journey from Burnout to Bliss," explores the creative muse within all of us. She resides in Monroe, Wisconsin, with her family, a lively dog, and endless piles of laundry.    Dr. Lara’s Free Restoration Plan  Instagram | @DanielleHayden__OH Facebook | Kickstart Accounting Inc.  Click here and get Started TODAY with our sponsor 

Today is a special episode where we are celebrating 100 episodes of Entrepreneur Money Stories.    I’ll be sharing some clips from our favorite top episodes in the four categories of sales, operations, CEO and money mindset.    Join me in this episode as I share some of our best clips from the podcast and some of the best tips we’ve featured for your small business.   In this episode, I also discuss:    The difference between scummy business and authentic business 8:29 The mindset shift that has to happen with business owners 11:02 The importance of SOP’s 14:42 Emotional spending 26:10   Prefer to read this? Check out the blog here   Connect with Danielle:   Follow her on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY   Get Started Today:  https://kickstartaccountinginc.com/get-started/

Are you an entrepreneur who’s been living paycheck to paycheck in your business?    Living paycheck to paycheck makes it hard for entrepreneurs to weather any unexpected changes or invest in new opportunities.    Today,  I’m sharing some strategies that will help you manage your debt,  know your numbers and start building a cash reserve so you can stop living paycheck to paycheck and create some breathing room in your business.     In this episode, I also discuss:    Living paycheck to paycheck creates anxiety 1:45 Building a brand with intention 5:47 Having a plan and setting a budget 7:44 Why it’s so important to have a cash reserve 13:02   Prefer to read this? Check out the blog here   Connect with Danielle:   Follow her on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY  

Cathi Nelson is the CEO of The Photo Managers and has a passion for photos and storytelling. She helps small business owners become professional photo managers and also educates consumers on the importance of saving and organizing their photos and videos.   Today, Cathi joins me to talk about her journey as an accidental entrepreneur and how she got her start with her unique business. She’s also chatting about how she’s been able to evolve her money mindset as she’s shifted her business model and increased her revenue streams.  Join Cathi and me in this information-packed episode to learn why it’s so important to have multiple streams of revenue as a female entrepreneur and how you can start diversifying your income today.  Other key takeaways you can expect in today's episode:  How Cathi got started in this unique business 2:00 The importance of knowing who you are as an entrepreneur 8:24  What motivated Cathi to have more than one stream of income 13:21 Changing your mindset to be open to having multiple streams of income 16:58 Why it’s so important to have more than one revenue stream 19:41   Prefer to read this? Check out the blog here   Connect with Cathi:  Visit her website | Visit The Photo Managers FREE DOWNLOAD Connect with Danielle: Follow on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY  

Cathi Nelson is the CEO of The Photo Managers and has a passion for photos and storytelling. She helps small business owners become professional photo managers and also educates consumers on the importance of saving and organizing their photos and videos.   Today, Cathi joins me to talk about her journey as an accidental entrepreneur and how she got her start with her unique business. She’s also chatting about how she’s been able to evolve her money mindset as she’s shifted her business model and increased her revenue streams.  Join Cathi and me in this information-packed episode to learn why it’s so important to have multiple streams of revenue as a female entrepreneur and how you can start diversifying your income today.  Other key takeaways you can expect in today's episode:  How Cathi got started in this unique business 2:00 The importance of knowing who you are as an entrepreneur 8:24  What motivated Cathi to have more than one stream of income 13:21 Changing your mindset to be open to having multiple streams of income 16:58 Why it’s so important to have more than one revenue stream 19:41   Prefer to read this? Check out the blog here   Connect with Cathi:  Visit her website | Visit The Photo Managers FREE DOWNLOAD Connect with Danielle: Follow on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY  

Debt can be a controversial subject for many including business owners.    Today,  I’m deep diving into the topic of debt and explaining why living debt-free can be beneficial. I’m also explaining some of the major costs associated with being debt-free and how it can affect you as an entrepreneur.    Join me in this episode, to hear both sides of debt including how you can use debt to benefit your small business.    In this episode, I also discuss:    Dave Ramsey, who he is and what he advocates for 3:49 The costs associated with being debt free 6:20 Taking a clear stance on debt 10:23 Some of the best options for business loans 12:25   Prefer to read this? Check out the blog: https://kickstartaccountinginc.com/debunking-the-myth-of-debt-free-success-why-borrowing-can-be-beneficial-for-small-businesses   Connect with Danielle:   Instagram | @DanielleHayden__OH Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Get Started Today:  https://kickstartaccountinginc.com/get-started/

Today, Financial Coach Audrey Faust joins me to talk about how entrepreneurs can take control of their finances, diversify their income and take their businesses to new heights.  Audrey Faust is a financial coach who specializes in empowering female entrepreneurs to become financially literate and understand their finances so they have all of the financial tools they need to succeed. Join Audrey and I in this episode as we discuss how you can make a bigger impact on your income, grow your business and understand your finances as an entrepreneur.     In this episode Audrey and I also discuss:    Audrey’s mission 1:31 The 7% rule 4:50 How business and personal finances are connected 6:14 Why your net monthly cash impact is important 13:24 Why diversifying your income is so important 18:36   Prefer to read this? Check out the blog:  kickstartaccountinginc.com/how-to-manage-debt-and-build-wealth-a-holistic-approach-for-personal-and-business-finances/   Connect with Audrey:   Website | https://www.audreyfaustconsulting.com/ LinkedIn | https://www.linkedin.com/in/audreyfaust/ Instagram | https://www.instagram.com/greatwithmoney/   Connect with Danielle:   Instagram | @DanielleHayden__OH Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Get Started:  https://kickstartaccountinginc.com/get-started/

Have you been wondering if you’re deducting enough on your taxes each year?   Today, our Lead Account Manager, Kelsey, joins me to talk about some of the most common business deductions you can take on your taxes as an entrepreneur.    Join Kelsey and I for this informative episode to learn what you can deduct as a business expense so you can get the most out of your tax return.    In this episode Kelsey and I also discuss:    Advertising materials and what can be included for your tax deductions 4:27 Home office expenses for tax purposes 12:13 Payroll and deductions 15:56 What’s not deductible 24:47   Mentioned in this Episode:    50+ Tax Write Offs | https://kickstartaccountinginc.com/Taxwriteoffs   Get Started Ad:  https://kickstartaccountinginc.com/get-started/   Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Christa Gurka is a fitness and wellness business coach and an Orthopedic Physical Therapist specializing in Pilates-based rehabilitation. Christa owns, operates, and teaches at Pilates in the Grove, located in South Florida.   In this episode, Christa joins me to share the details on how she grew her business to seven figures and expanded her team while keeping the freedom and flexibility of a healthy work-life balance.    Join us in this episode to learn more about the importance of forming your businesses core values and why improving your mindset can make a big difference in the expansion of your business.    In this episode Christa and I also discuss:    Christa’s mission and how she got started as an entrepreneur 3:11 The turning point in her business 10:35 How to keep your core values front and center in your business 19:06 Finding your non-negotiables 35:01 Joining a mastermind program and why it can be a game changer 42:24   Connect with Christa:    Podcast | https://www.christagurka.com/podcast Website | https://www.christagurka.com/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Get Started:  https://kickstartaccountinginc.com/get-started/   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

Today, Victoria joins me to talk about why it’s so important to set clear boundaries as an entrepreneur and why you should get better at saying “no.” We’re also explaining the five types of boundaries that someone can have in their business.    Join us in this episode to learn more about how you can set your own boundaries within your business, team and finances.    In this episode Victoria and I also discuss:    Finding your non-negotiables 8:06 Setting boundaries for your team 9:06 How to be clear when it comes to setting boundaries 13:56 Questions to ask yourself with clients and boundaries 16:33 Financial boundaries and emotional spending 20:31   Mentioned in this Episode:    EP 85 – Recognizing the 5 Categories of Emotional Spending     EP 79 – Forget Goals! Create Intentions and Measure Your Success in these Definitive Ways throughout the Year Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Are you a parent and an entrepreneur who’s wondering how you can set your children up for success when it comes to money and entrepreneurship?    Today, Rob Phelan joins me to share how you can help your kids get a healthy money mindset and how you can lead by example as an entrepreneur.  Rob Phelan is a high school personal finance teacher, certified financial education instructor, a small business owner and the author of 2 money books for kids.     Listen to this episode to gain some insight on how you can encourage your kids to embrace entrepreneurship and prepare them for adulthood by giving them a healthy relationship with finances from the start.    In this episode Rob and I also discuss:    Rob’s mission and how he got started in personal finance education 1:55 How can we help our teens and kids have a healthy money mindset 8:12 Encouraging your kids to embrace entrepreneurship 13:02 Having honest conversations with your kids about money 24:58   Connect with Rob:    Webinar | https://bit.ly/taxesforteens Website | https://www.choosefi.com/ LinkedIn | https://www.linkedin.com/in/robphelan/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

This week, David Chudyk, a financial advisor and the host of the Weekly Wealth Podcast joins me again to talk about how you can overcome the fear of talking to your children about money and set your kids up for financial success.    In this episode, David shares with us the action steps you can take today to get started so your children have the foundation for being financially successful in their future.  In this episode David and I also discuss:    How to get over the fear of talking to your kids about money 8:59 Teaching your kids work ethic when they need money 22:08 Teaching your kids the value of a dollar 26:01 The action steps you can take to get your kids set for financial success 27:46   Connect with David:    Podcast | https://www.weeklywealthpodcast.com/ Website | https://www.allofmyassets.com/ Mentioned in today’s episode:   EP 69- Creating a Sellable Business with David Chudyk   Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

As entrepreneurs, we want to make sure our children have the resources they need to have a strong financial mindset. But how do we inspire that next generation of entrepreneurs and give them the education they need when it comes to money?    In this episode,  I’m sharing with you how to talk to your kids about money, model a healthy money mindset and motivate your children to take action when it comes to earning and saving money.  In this episode I also discuss:    Why you should understand your numbers both in your personal life & business 7:11 Showing your kids that it’s ok to ask for help 9:20 Why you shouldn't shelter your kids from risk 11:42 Creating an environment where kids can celebrate wins or express concern 15:20 Learning how to earn, spend and save money 16:50 Mentioned in today’s episode:   Under Pressure: Confronting the Epidemic of Stress and Anxiety in Girls by Lisa Damour    EP 85- Recognizing the Five Categories of Emotional Spending    Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

  Nicole Salceda is an interior designer, decorator and the owner of Eye for Pretty, a California design firm that focuses on creating cohesive and inspiring spaces for clients. Nicole is also a client of Kickstart Accounting.    Nicole spent 12 years as a teacher before making the leap to business owner and following her passion for interior design.    In this episode, Nicole talks about making the transition from teacher to design entrepreneur, managing a large team and how she’s been able to improve her cash management and money mindset within her thriving design business.  In this episode Nicole and I also discuss:    Nicole’s mission 3:06 How Nicole made the transition from teacher to entrepreneur 4:25 Money mindset shifts Nicole made when transitioning to business owner 6:02 The importance of flexibility when managing a team 11:38 Cash management for a service based and inventory business 15:46 The importance of creating a team culture 17:34 Connect with Nicole:   Instagram | https://www.instagram.com/eyeforpretty/?hl=en Website | https://www.eyeforpretty.com/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

Payroll costs are one major issue I’ve seen with my clients that can affect service-based entrepreneurs when they are growing their business and trying to expand their profits.    In today's episode, I’m talking about payroll costs, how to tell if your payroll costs are too high and what you can do when your payroll starts to eat into your profits.     Join me in this episode as I share six specific action steps you can take to reduce your payroll costs, so you can focus on expanding your profits and improving your team.  In this episode I also discuss:    Finding the balance between serving your team and serving your clients 2:39 Finding the payroll cost in your business 7:04 What it really means to know your numbers 13:21 SOP’s and why they’re so important 13:42 Improving your team culture 20:12   Episodes mentioned:   Episode 67 | https://kickstartaccountinginc.com/ep-67-preparing-for-tax-season-with-1099-contractors/   Episode 46 | https://kickstartaccountinginc.com/ep-46-s-corp-webinar-with-sarah-fox/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

AJ Schneider is a Financial Freedom Coach and the founder of Beyond the Green Coaching. AJ helps her clients improve their relationship with money, build wealth, get out of debt and become financially free so they can take control of their future.     AJ was inspired to start Beyond the Green after pulling herself out of debt and transforming her own money mindset.    In this episode, AJ joins me to talk about how you can heal your relationship with money, shift your money mindset and create your dream life without worrying about debt.  In this episode AJ and I also discuss:    AJ’s mission in the world 2:02 AJ’s story and how she started Beyond the Green 3:38 Why people struggle with emotional spending 10:15 Identifying your beliefs around money 14:52 The first step to healing your relationship with money 20:36 Being prepared for unexpected changes in life 22:27 Connect with AJ:   Instagram | https://www.instagram.com/beyondthegreencoaching/?hl=en Website | https://www.beyondthegreencoaching.com/ Podcast | https://www.beyondthegreencoaching.com/podcast Debt & Savings Bundle | https://www.beyondthegreencoaching.com/debt-and-savings-bundle Use Code KICKSTART34 for 34% off plus one 34 minute 1:1 session   Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

This week our Operations Coordinator, Victoria, joins me again as I talk about dashboards in your business including why you need one and how you as an entrepreneur can use your dashboard to feel empowered.     Join us for this informative episode to learn the details about dashboards and how having one can help you reframe your business and stop being scared of your finances.  In this episode Victoria and I also discuss:    Why you need a dashboard and what it can do for you | 2:03 How a dashboard can help you standout | 7:14 How you can validate your time and energy with a dashboard | 9:18 Asking “why?” when looking at your dashboard | 18:29 The power of the compounding effect | 39:42   Mentioned in this Episode:    EP 85 – Recognizing the 5 Categories of Emotional Spending   Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today!   The Finance Framework | https://kickstartaccountinginc.com/framework   Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid

Michael Zipursky is the co-founder and CEO of Consulting Success® where they specialize in helping entrepreneurial consultants grow profitable, scalable and strategic consulting businesses. He is also the author of the Amazon Best Sellers ACT NOW: How successful consultants thrive during chaos and uncertainty, The Elite Consulting Mind and Consulting Success® the book.   Today, Michael joins me to share some useful resources and tips for consultants as they grow their business, the importance of having a supportive team and how you can keep your money mindset sharp. In this episode Michael and I also discuss:    The importance of having a team to guard your calendar | 11:28 How to always have a pipeline of leads coming in | 22:57 Embracing the mindset that you are unstoppable | 27:49 How Michael keeps his money mindset strong | 35:52 The power of the compounding effect | 39:42   Connect with Michael:    LinkedIn | https://www.linkedin.com/in/zipursky/ Website | https://www.consultingsuccess.com/ Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today!   The Finance Framework | https://kickstartaccountinginc.com/framework   Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

Today, Victoria joins me again in tackling a personal subject. We talk about emotional spending, what it means, and how it presents itself in your personal life, as well as in your business.   There are ways to recognize when you may be emotionally spending through looking at your numbers, and learning to recognize when you’re doing it is the first step in scaling down on it.   In this episode Victoria and I also discuss:  Defining emotional spending and what qualifies as emotional spending | 2:30  The five categories of emotional spending | 5:10  How the 48-hour rule can help prevent emotional spending | 15:41  How budgets reduce impulse spending and aid financial decisions | 17:03  How emotional spending includes underspending and how to recognize it | 18:39  Emotional spending in your personal life and its effect | 20:09  Analyzing and tracking your numbers to understand when you’re emotionally spending | 25:19    Things mentioned in the episode:  Episode 82 – How to Prepare for a Recession or Downturn in Your Business by Taking These Financial Steps | https://kickstartaccountinginc.com/ep-82-how-to-prepare-for-a-recession-or-downturn-in-your-business-by-taking-these-financial-steps/   EXPENSE REPORT WORKSHEET  PDF 5 CATEGORIES OF EMOTIONAL SPENDING    Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today!   The Finance Framework | https://www.kickstartaccountinginc.com/framework     Connect with Danielle:   Website | https://www.kickstartaccountinginc.net/   Facebook | https://www.facebook.com/kickstartaccountinginc/   Instagram | https://www.instagram.com/kickstartaccounting    Twitter | https://twitter.com/KickstartAcct      Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/   Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO – https://www.kickstartaccountinginc.com/getpaid 

Today, Kelsey joins me to chat about metrics, specifically the three key numbers every business owner should know and track.   There are tons of KPIs (key performance indicators) to gauge your business’s performance, but sometimes it’s best to keep it simple. The three KPIs you absolutely need to know are gross profit, net profit, and average monthly cash output. Listen as we break down these basic metrics and explain why it’s important to understand them.  In this episode, Kelsey and I also discuss:  How to keep your metrics simple and why keeping it simple can be helpful | 1:45  The three numbers you need to know for your business | 4:14  What is gross profit, how to calculate and track it, and what it tells you | 4:43  What is net profit, how to track it, and why it’s important | 12:10  What is the average monthly cash output, how to calculate it, and what it can tell you | 16:34  How often you should look at your metrics and analyze the numbers | 21:10  Common mistakes business owners make when looking at their numbers | 23:47  Things mentioned in the episode:  Downloadable Worksheet | https://kickstartaccountinginc.com/3numbers   Episode 68 – Why You Need a Budget | https://kickstartaccountinginc.com/ep-68-why-you-need-a-budget/   Episode 79 – Forget Goals! Create Intentions and Measure Your Success in these Definitive Ways throughout the Year | https://kickstartaccountinginc.com/ep-79-how-to-get-motivated-this-new-year-without-setting-goals/     Need help understanding your numbers to track metrics? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today!   The Finance Framework | https://www.kickstartaccountinginc.com/framework     Connect with Danielle:   Website | https://www.kickstartaccountinginc.net/   Facebook | https://www.facebook.com/kickstartaccountinginc/   Instagram | https://www.instagram.com/kickstartaccounting    Twitter | https://twitter.com/KickstartAcct      Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/   Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO – https://www.kickstartaccountinginc.com/getpaid