In this engaging podcast episode, the hosts welcome Susanne Mariga, a distinguished CPA and fractional CFO, specializing in high net worth strategies tailored for seven and eight-figure entrepreneurs through the profit-first system. Susanne sheds light on innovative tax strategies and the importance of shifting one's mindset in the face of economic challenges.
You’ll gain a fresh perspective on handling economic challenges, the significance of a positive mindset, and the benefits of innovative tax strategies.This episode provides valuable insights for entrepreneurs to maximize profits and navigate complex financial landscapes.
Key Points:
Everyone's desire is to save money on taxes
Learning the importance of profitability and paying taxes.
The impact of having a large tax bill and the shift towards paying projected taxes.
Highlighting the tendency to overspend when business is doing well and the importance of financial preparation.
Experiences from working harder when the bank account is low and becoming complacent when there's money in the bank.
Th challenges of a slow economy, expensive costs, high inflation, and soaring interest rates.
They emphasize the need to combat negative mindset and self-talk.
Encouraging businesses to engage in self-examination and identify areas for growth and cost reduction.
The hosts acknowledge the tendency to focus on losses more than gradual growth.
Opportunity Zones conversation that excites the hosts, prompting them to research further.
The value of selecting the right accountant or CPA to maximize profits is highlighted.
The importance of benchmarking for businesses growth.
Quotable Moments:
"We tend to focus on losses more than we focus on that gradual growth that we've had for the last decade.” - Andrew Brockenbush
"It's always a good time to start. If you want to see improvements next year, then you have to start making improvements this year.”- Susanne Maria
Links Mentioned:
https://profitmap.co/
https://susannemariga.com/
https://www.instagram.com/susanne.mariga/
https://www.linkedin.com/in/susannemariga/
https://www.youtube.com/@profitfirstwithsusannemariga
https://www.trustyourwingman.com
https://beefymarketing.com/
https://beefymarketing.com/blog/
https://beefymarketing.com/small-business-nation/
