Financially Simple Bizcast

Financially Simple Bizcast

Your one-stop resource as a small business owner to gain unique insights into growing, refining, and eventually selling your business. You will learn ways other business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more. Host Justin Goodbread is a serial entrepreneur, award-winning Certified Financial Planning professional™, Certified Exit Planning Advisor®, and Certified Value Growth Advisor™ with years of experience guiding business owners from start to exit in their business. PlayerFM Top 20 Financial Podcast, FeedSpot To 10 Business Podcast... Show More

Episodes

October 26, 2020 17 min

In episode 306 of Financially Simple, Justin gets mathematical defining the Value Gap.

There are many definitions to the word Value, and not all may apply to your Business; and then there’s what defines the Gap between where your business is and where you want it to be. In this episode, Justin starts off the process of determining a business’s Value Gap by defining the term, and explaining how the Value Gap relates to your business...

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October 22, 2020 20 min

In episode 305 of Financially Simple, Justin introduces the topic of the Value Gap by taking a look at the five stages of Value Maturity of a business.

As a Small Business owner, your business is like the goose that lays the golden egg - the golden egg being the eventual pay-off of all the hard work you put into the business - but as Justin says, you need to keep that goose fed. In this episode, Justin goes over the five stages of ...

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October 19, 2020 22 min

In episode 304 of Financially Simple, Justin and Dane McFarland discuss the issue of Identity Theft which has seen a rise during the COVID-19 pandemic.

Over the last few months this year, there has been an increase in attempts of Identity Theft as scammers take advantage of those going through this difficult time. In this episode, Justin and Dane go over the most common types of scams used, and how to avoid falling victim to the sc...

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In episode 303 of Financially Simple, Justin talks to Don Pippin of the Sunbelt Network about the Main Street Lending Program for Business Owners.

The Main Street Lending Program is a loan available to small and medium-sized Businesses during the COVID-19 pandemic. In this episode, Justin and Don discuss what the MSLP is, who it is for, how it works, and the best use for the loan by business owners.

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October 12, 2020 18 min

In episode 302 of Financially Simple, Justin recaps the Wealth Gap Formula.

Over the last eight episodes, we have looked at the Wealth Gap and the factors involved in determining and reducing it as Business Owners. In this episode, Justin gives an overview of the factors that need to be addressed, summarizing the Wealth Gap Formula.

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In episode 301 of Financially Simple, Justin looks at the expected ROI when calculating your Wealth Gap.

Few things are constant especially in the world of finance, and it is important to bear that in mind when considering your investment returns as the markets fluctuate up and down going through their various cycles. In this episode, Justin goes over the factors and types of cycles that can affect your investments, and how best to...

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In episode 300 of Financially Simple, Justin gives a brief introduction to calculating the Return on Investment for Real Estate properties.

One of the most popular types of investment is Property, buying a house or apartment and either occupying the home or renting it out. In this episode, Justin takes a look at how you should calculate the ROI of an investment property, and goes over the potential benefits of leveraging debt by ta...

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October 1, 2020 23 min

In episode 299 of Financially Simple, Justin goes over the Taxes involved when it comes to selling your business and how they can affect your Wealth Gap.

When it comes to selling your business, it’s a balancing act between the interests of the Buyer and those of the Seller, and negotiations are necessary to ensure a good outcome for both sides. In this episode, Justin looks at the Taxes involved at the time of sale of a business, a...

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September 28, 2020 18 min

In episode 298 of Financially Simple, Justin looks at the effect Taxes have on our Wealth Gap.

With the COVID-19 stimulus of $3.6 Trillion, a lot of money has been created to help keep the economy going, and that means a tax increase as government needs to recoup that money. In this episode, Justin looks at Taxes, with a bit of a history lesson, and explains why and how Taxes affect the Wealth Gap.

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September 24, 2020 26 min

In episode 297 of Financially Simple, Justin goes over the basics of calculating the Return on Investment of your Business.

As we continue to look at ways of narrowing the Wealth Gap, it’s important to consider the Return on Investment that our Business provides and how it impacts the value of the Business. In this episode, Justin looks at ROI, why it’s important to know, ways to calculate it, and the intangible aspects of a busine...

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In episode 296 of Financially Simple, Justin looks at Inflation and how it affects Retirement.

Inflation is a complex market force that differs for most commodities, and can swing like a pendulum depending on external factors impacting the world at large. In this episode, Justin explains what Inflation is, how COVID-19 and the CARES Act have influenced inflation over recent months, how it will affect your Retirement Plans and what ...

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September 17, 2020 16 min

In episode 295 of Financially Simple, Justin looks at Normalizing your Personal Income as a Small Business Owner.

Normalizing your personal income by adjusting it based on certain expenses will help you to plan for retirement by giving a reliable benchmark of what your actual income and expenses are. In this episode, Justin goes over the areas that may require attention as a Small Business Owner, and the types of expenses that qual...

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September 14, 2020 21 min

In episode 294 of Financially Simple, Justin explains the concept of the Wealth Gap.

All Small Business Owners plan to retire one day, sell their business, and enjoy their hard-earned wealth - but will you have enough to cover the expenses of the lifestyle you want for your retirement. In this episode, Justin defines the Wealth Gap, outlines the basics of its calculation, and how to reduce it.

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In episode 293 of Financially Simple, Justin kicks off Season 4 of the Financially Simple Podcast.

Being a Business Owner isn’t easy, aside from the day-today challenges of owning and operating a business there are the fears and anxieties and stresses that come along with it. In this introductory episode, Justin lays out the fears and concerns of all Business Owners, plain to see, and reminds us that we’re not alone in this as he s...

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August 31, 2020 18 min

In episode 292 of Financially Simple, Justin gives his thoughts on buying an expensive new toy to treat yourself as a Small Business Owner.

Perhaps you’ve had a phenomenal few months, with your business thriving through the pandemic, or perhaps it’s been tough and you want to let off some steam. Either way, Justin provides some perspective and some considerations you should have before making the purchase of that new yacht - how wi...

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August 27, 2020 24 min

In episode 291 of Financially Simple, Justin and family are on vacation but still take some time out to discuss the importance of taking a break.

Small Business Owners are some of the hardest working individuals in any given industry, working 70+ hours a week, which can be exhausting. Justin, Miss Emily, brother-in-law Brian and Lori get around the mic on a rainy day in Florida, to discuss the importance of taking vacations and...

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August 20, 2020 16 min

In episode 290 of Financially Simple, Justin and David Kent of Heritage Investors give a short pep talk to all the Business Owners out there.

The global Coronavirus pandemic is still a factor for many businesses trying to operate at the moment. Justin and David provide words of encouragement, not to give up during this hard time, to stay the course and adapt.

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In episode 289 of Financially Simple, Justin talks to Dan Rawls of Trustegrity about the importance and value of connecting to other professionals.

There’s more to networking than having a high number of contacts, it’s about how deep the connections that you have are. Justin and Dan discuss how to go about building a solid network of trusted professionals, something that is needed now more than ever.

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In episode 288 of Financially Simple, Justin talks to Ryan Stanley and Kaleb Buckner of Always Abounding video production services about using video social media to boost business growth.

The internet and social media platforms offer an opportunity to leverage affordable media marketing campaigns to grow businesses. Justin discusses the ins and outs of online video production with Ryan and Kaleb, from the How-To of production to th...

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In episode 287 of Financially Simple, Justin talks to Todd Sklar of GBS Insurance about the types of insurance Business Owners need.

As a small business owner, having the right insurance is key - what if something happens to you, or one of your key team players? Justin and Todd discuss the types of insurance, and why they are needed.

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