The boring sh!t in business Podcast with Amy Bajada

EPISODE 95 : Our relationship with taxes and why tax is a good thing

What is it that "they" say … “A positive attitude gives you power over your circumstances instead of your circumstances having power over you” ..
Tax time … a friendly reminder that the tax man, who didn’t spend one hour contributing to our business for the last 12 months, needs to get paid! Normally when we dish out payments for services, we receive something in return. As business owners, tax time is the time of year we need to find cash from our hard earned businesses to line the tax mans pockets, with feelings of nothing to show for it.
Regardless of what business structure you are under, there is a tax to be paid on income earned. Now whilst I hate paying taxes just as much as the next guy ... here is the thing … you only pay tax on profits if you’re a company and on income levels if you’re a sole trader.
So I ask you … if you are paying tax, doesn’t that mean you made money? And if so, isn’t that a good thing? Let’s chat about this …. A x
 
Key discussion points throughout the episode ...
How we can reframe the conversation [3:36]
Strategies that can assist with the mindset shift and management of payments [5:53]
Working examples of how you can get started with these strategies today [7:54]
 

EPISODE 94 : Superannuation and small business

Superannuation ... the portion of our earnings that is placed in a fund and typically held there for use after we retire. Employers are legally bound to pay this sum on behalf and as a term of employment of their employees ... but what if you're a business owner?  This onus falls on you ... ​​If I had a dollar for every time a business owner told me that they hadn’t yet gotten around to paying themselves a wage, let alone any allocation for superannuation, I’d have a better retirement plan than I’d even planned for.​​In this episode we explore the real impact of not considering superannuation as a cost in your business and how to change that so that you can start to plan for your future lifestyle.  After all, you work hard as a business owner ... so should your money for your future.  Take a listen. A x​🔗 ​Links as mentioned in the episode ...​​Small Business Cashflow Course www.amybajada.com.au/sbcc​​Course started Monday the 5th September, sign up now to avoid missing out.

EPISODE 93 : Why my Small Business Cashflow Course had to happen!

Alan Miltz said “Revenue is vanity, Profit is sanity and cash is king” … if you haven’t heard this version of the quote, no doubt if you’re a business owner the whole “cash is king” portion has come up once or twice. Why? Because in the game of chess, the King piece is the most important piece of which each player needs to checkmate (or strategically place) in order to win the game. And they only have once piece to do so.
Just like in business, we need to strategically use pieces we have available to us to ultimately arrange, strategically place or checkmate the final piece (or our cash) to reinvest back into our business and do it all again. Growth, profitability, pay ourselves a wage. How we use our cash, how we organise it … makes the world of difference. So that’s why I created my Small Business Cashflow Course .. A transformative skill set that will work, guaranteed, for your business and even if transferred right … can work in the personal management of your money also. Take a listen. A x
Find out more about the course and sign up here ... www.amybajada.com.au/sbcc
 

EPISODE 92 : Do you know your obligations when it comes to bartering or trading goods and services?

Bartering is not a new concept, it goes way back ... so it should come as no surprise that transactions that fall under this system are required to be reported to the ATO. 
But as bartering is part of the small business community ... there is no reason to fear the obligations and requirements that comes with such transactions ... or most importantly, ignore them.
Now stay with me ... this episode walks you through the details you need to know when it comes to ensuring that you capture this information correctly, effectively and most importantly accurately for your business.  So be sure to check it out. A x
Key discussion points throughout the episode;
[2:12] What is bartering or trade exchange?
[3:29] Ensuring the arrangement is fair and equitable.
[4:21] Having a formal arrangement in place.
[5:04] Obligations that arise in such arrangements.
[5:38] How avoidance isn't worth it.
[6:11] Impact on income tax and GST.
[9:01] What is meant by a book entry.
[9:19] GST registration and threshold impact.
[10:21] Benefits of reporting these transactions correctly.
[12:02] Housekeeping requirements.
 
Want to discuss this matter more?
Book a free discovery call with me www.amybajada.com.au/discoverycall
Email me on amy@amybajada.com
Call me on +61 404 083 222
 
 
 

EPISODE 91 : Tenille Lawrence - Founder of Little Birdie Hair co

As business owners we lead in many ways, and often those that make the most impression do so out of pure determination and passion for what they do. Tenille Lawrence, founder of Little Birdie Hair Co, definitely emulates pure determination and passion for her business and life and takes some time out of her extremely busy day to sit down and take a moment with me to share her business journey.
Tenille talks candidly about everything from turning her step out of high school into an international career, to declaring bankruptcy and starting all over again. She also shares how she manages to continue to live the life of her dreams and why being a sustainably, low tox salon owner is of utmost importance to her and her team.
The recipient of not one but two "Australia's best eco salon" awards, a mother of 4, and manager of over 28 staff members, Tenille is exactly where she wants to be ... come take a listen to her story. A x
Highlights throughout the episode;
[2:59] How Tenille got started in business ... from mobile hairdressing to international educator.
[5:56] Raising capital and getting help from mum to keep spending on track.
[9:51] Little Birdie Hair co is born, with a great story on how it came to be named.
[12:04] How learning she had chemical poisoning led to Tenille created the foundations for sustainability practices and low tox colouring to be rolled out in her salons.
[17:08] Recycling hair as a sustainable measure, and why it's great for soil.
[17:39] Tenille draws upon her own experiences and discusses getting White Ribbon Accredited.
[19:54] Managing teams and how having a solid and trusting management team supports self care.
[22:49] Leaning in to support and how Tenille juggles business and a very busy household.
[25:57] The 2 pieces of advice Tenille has for business owners.
[28:10] What the future holds for Tenille and Little Birdie Hair co.
How you can learn more about Little Birdie Hair co and get in contact;
🖥 Website www.littlebirdiehairco.com
🖱 Instagram @littlebirdiehairco

EPISODE 90 : The latest mistake I’ve made in my business

I've always been a perfectionist. But that clearly had to change when I started out in business.  Wasn't an easy transition I can tell you, and even now I still get stuck in my own head about certain things that hold me back. I had to change my mindset to know that the very fear of making a mistake can be turned into action. And action creates steps forward ... 
And Lord knows I've made plenty of mistakes on this business journey ... of which, all, upon reflection, have created new opportunities. But the latest mistake I've made has left me stumped for a lot longer than I wanted it to.  I'll admit, that perfectionist in me has crept in a little here, but only because I just knew that correcting this mistake would mean a real game changer for the students of my Small Business Online Course.  And that's been the motivating factor.  But I think I'm on the right track and am (as we speak) making all the necessary changes needed to get it right.
The thing about this mistake is that it's been a real turning point for my business in general, and that's what has me excited the most.  And I'm looking forward to seeing it all come to life.  Come take a listen as to how I'm going to get this one right. A x
 
Links to courses mentioned throughout the episode;
Small Business Cashflow Course (waitlist) : www.amybajada.com.au/waitlist
Know your numbers online course (waitlist) : www.amybajada.com.au/kynwaitlist
 
Join my email community .. www.amybajada.com.au/signup
 

EPISODE 89 : Catfishing and Business

"There are things known and there are things unknown, and in between are the doors of perception." - Aldous Huxley
Catfishing, the term given to luring someone into a relationship based on a fictional persona. Whilst the term is relatively new in the scheme of things, the art of catfishing in business has been around for many decades. But with the rise of consumer choice through channels such as Social Media platforms, we are being bombarded with lures of all kinds, promises if you will, of outcomes that may or may not be entirely accurate.  But how to tell the truth, or do we not want to know if the lure is desirable enough?
For some time now I've been convinced that my experience was enough in this game of being in business.  But I'm learning very quickly that if you fall short of being a marketing expert or hiring a marketing expert, you will find a real battle on your hands for space.  The real shortfall though, is there are so many "experts" that are making claims that can't be substantiated by real world experience, and the reputations of industries are getting hit hard as a result.
Do you or are you being catfished in business? And more importantly, how can you tell?
In this episode, I explore this notion whilst examining whether it's impact by perception.  Whilst I speak to my knowledge in the coaching space, catfishing and business isn't reserved for just the coaching space and there are so many examples of this in every industry.
Join me as I explore this notion and discuss this concept in business and whether it's just part of being in business, or whether there is something we can do about it as a consumer. Take a listen. A x
 
Other episodes as mentioned throughout;
CASHFLOW          EP63 : When there is more to cashflow than sales
PRICING          EP58 : The perfect price point
COLLECTING MONEY          EP39 : Recovering cash on your own terms
GOOD HABITS & DEBT          EP30 : Handling debt & good habits to get into
FUNDING OPTIONS          EP69 : Funding options for small business
FINANCIAL REPORTING          EP84 : Financial Forecasting Confidently
My social links to learn more about me;
LinkedIn : https://www.linkedin.com/in/amybajada/
Facebook : https://www.facebook.com/AmyBajadaFinancialCoach
Instagram : https://www.instagram.com/amybajada_coaching/
Website : www.amybajada.com.au
 
 

EPISODE 88 : Erin Morris from Erin Morris Co.

As business owners our brand and voice is such an important part of the competitive landscape we find ourselves navigating.  Doing it is one thing, but getting it done right is a whole other thing for which my guest Erin Morris is an expert in. 
Erin Morris from Erin Morris Co, takes some time from her digital nomadic lifestyle to join me to discuss everything from brand stories, copywriting and why it's so important for businesses.  We also explore email sequences, messaging and how the knowledge of Richard Branson getting Virgin (airline) off the ground (pardon the pun) in 3 months has made an impact on the way she values what she can achieve in 3 months.
It's a great in depth, conversation that certainly has forced me to rethink how I see my messaging and in particular how the term "hero" when it comes to website space takes on a whole other meaning.  Join Erin and I as we explore how extremely hard she works to get this right for her clients, and how much love she has doing it ... take a listen. A x
 
Key discussion points throughout the episode;
Business Brand Stories and how they play a part in getting your messaging right for your business [8:07]
Donald Miller's "Building a story brand" discussion [8:51]
Being the guide for your clients journey [9:36]
What it takes to understand a brand and the steps Erin takes when working with clients [12:16]
How, "if you speak to everyone, you speak to no one" [14:52]
What a website needs for conversion [18:29]
The importance of the Hero section of your website and how you long it takes someone to make a purchasing decision [19:20]
SEO [25:24]
Email sequences and the importance of frequency during a launch [31:51]
 
Erin has an amazing download for you to access here 👇🏼
https://erinmorris.co/copy-conversions
 
You can get in contact with Erin in the following places ;
Instagram : https://www.instagram.com/erinmorris.co/
Facebook : https://www.facebook.com/erinmorris.co
Website : https://erinmorris.co/
 
If you'd like to find out more about my Small Business Cashflow Course as mentioned in the episode, simply visit www.amybajada.com.au/waitlist
 
Or join my email community ... www.amybajada.com.au/signup
 

EPISODE 87 : How I use Canva for my business

“Absorb what is useful, reject what is useless, add what is specifically your own.” - Bruce Lee
It's almost like Bruce Lee was talking specifically about the amazing graphic design tool that is Canva. Used daily in my business, it provides me with a business strategy all unto itself. Let's face it ... I'm an accountant. Creativity isn't in my DNA ... so when something as simple and easy to use as Canva comes along to fill that gap for my business .. what's not to like.
When I started my business, over 11 years now, there was no Canva.  You either used Photoshop or a Graphic Designer.  I had no idea about Photoshop, so a Graphic Designer assumed the magic for me.  But the limitation that presented as a small business owner just starting out, was that it prevented me from having the flexibility to create content as and when I needed it done.  I needed to work to another persons schedule.  And whilst that was the only option available to me at the time, it was tough to be consistent with getting my content out there.
Then came Canva ... what a shift.  Whilst Graphic Designers still play a part in my business journey, Canva provides more flexibility for me to create content on my terms and in my time.  But that's not all.  Canva have such many benefits and ways in which I use it for my business .. take a listen. A x
 
Featured Content ...
Why I signed up to the paid version of Canva [1:58]
The branding features of Canva and why I love them so much [2:08]
The background removal feature and what I've used it for [3:30]
Free stock images [5:19]
My love of project folders [5:58]
The wonderful world of Templates in Canva [6:38]
Template categories I use [6:49]
What I love most about Templates [7:19]
Transparent background feature for images [9:57]
Resizing images [10:07]
How I have created Slide deck templates [11:11]
How Canva has assisted in helping me build Business report templates and PDF downloads [11:19]
The cost of Canva's Pro Version [12:28]
Resources I have created in Canva that you can check out...
Free Guide to Business Forecasting (PDF Download) www.amybajada.com.au/freeforecastingguide
Free Elements of a Successful Pricing Strategy (PDF Download) www.amybajada.com.au/pricing
Free 3 Things you can do daily to improve your cashflow (PDF Download) www.amybajada.com.au/cashflowpdf
My website www.amybajada.com.au
Canva Code : https://partner.canva.com/c/3522262/647168/10068

EPISODE 86 : There are no shortcuts!

"Every shortcut has a price usually greater than the reward"
It becomes increasingly concerning with every facebook post, on every business forum when I see business owners completely consumed with sales, with social media, with funnels.  Where are those business owners who are consumed by business success? Where are they asking for assistance to help them to create solid financial foundations in their business?
I know where they are... they are the ones too scared to look at their bank balances, are kept awake at night working out ways to make this game of being in business work.  With not one consideration that the answer is under their noses ... know your numbers!
Instead, they choose very obviously to bypass this part of the framework needed to set up a successful business ... they take the short cut straight to selling. Straight to spending money on advertising, on setting up their instaworthy offices ... only to find themselves struggling right from day one to make money and make the money in their business count.
Stop taking shortcuts!!!  What's the rush? The reality ... your business will be around longer if you take the time now.  There is no need to rush. This episode is a timely reminder as we move into a new financial year, that it's never too late to get it right.  But you need to trash this idea that you can simply bypass this part of the process, and embrace the new norm of taking the time to do things right.  There are no shortcuts! 
But, it comes with a warning.  Only those serious about making real progress in their businesses need listen. Look around, because those you admire, those successful business owners ... they already know this stuff.  Take a listen. A x
Some resources that may assist you with getting more acquainted with your numbers;
Free PDF download : A guide to business forecasting
Free PDF download : 3 things you can do daily to improve your cashflow
Mini Course : Getting started with Xero
Mini Course : Getting started with Quickbooks
Join my community for tips and support : www.amybajada.com.au