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:
- Everyones 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://www.instagram.com/susanne.mariga/
https://www.linkedin.com/in/susannemariga/
https://www.youtube.com/@profitfirstwithsusannemariga
https://www.trustyourwingman.com
