Profit Points Podcast

Megan Schwan

What nobody tells you when you start a business is that the financial stuff is actually learnable. You don't have to be good at numbers or have a BA in business. All it requires is someone willing to explain it like a human being instead of an accountant. That is what Profit Points is. I am Megan Schwan, founder of Sidekick Accounting, certified Profit First Professional, single mom, and the person my clients call when the numbers stop making sense. Every week on this show, I take one financial concept and make it completely accessible — profit margins, tax strategy, cash flow, pricing, the whole picture — with real numbers, real examples, and language that actually makes sense.  Every episode ends with one clear action step you can take immediately, because information without application is just noise. And to build a successful, sustainable business... you as the CEO need to take action!  If you have been running your business on gut feelings and bank balance checks, and you are ready to actually know what is happening financially, this show is for you. New episodes every week. Let's get into it.

  1. 4d ago

    Why Tax Season Feels Like a Crisis (And How to Make Sure It Never Does Again)

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how stressful tax season can feel when you're hit with a bill you weren't expecting. That's why each week on Profit Points, I break down one financial concept using practical examples and simple explanations to help you understand your numbers, improve profitability, and build a business that works for your life. In this episode, we're talking about why tax season feels like a crisis for so many business owners—and why it doesn't have to. The problem usually isn't the taxes themselves. It's the lack of planning throughout the year. When you aren't tracking your tax liability, setting money aside consistently, or making estimated tax payments, April arrives with an expensive surprise. I'll explain how tax awareness changes everything, why building one simple habit can eliminate tax-season panic, and how proactive planning creates financial peace of mind all year long. This episode answers questions like: Why does tax season feel so stressful for business owners?What's the real cause of surprise tax bills?What is tax awareness, and why does it matter?How much money should business owners set aside for taxes?Why should you have a separate tax savings account?What are quarterly estimated tax payments?What happens if you miss estimated tax payments?How does Profit First help with tax planning?Why is planning throughout the year better than scrambling in April?What simple habits can eliminate tax-season panic?This episode is for small business owners, entrepreneurs, freelancers, consultants, coaches, and self-employed professionals who want to stop feeling anxious every tax season. If you've ever been surprised by a tax bill, struggled to save enough money for taxes, or wondered whether you're handling estimated payments correctly, this episode will help you build a proactive system that reduces stress and protects your cash flow. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's tired of scrambling every April, share this episode with them. This Week's Action Step Build a simple tax-saving habit that future you will appreciate. Open a separate savings account dedicated exclusively to taxes if you don't already have one.Transfer 25–30% of your net profit into that account every month.Review whether you're making quarterly estimated tax payments and, if you're unsure, schedule a conversation with your accountant.Small, consistent actions throughout the year can turn tax season from a financial crisis into just another routine business task. Resources Mentioned Profit First MethodologySidekick Accounting Monthly Bookkeeping ServicesFree Business Strategy CallSidekick Accounting ResourcesTax Planning Support Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  2. 6d ago

    The CEO Confidence Loop: How Better Decisions Create Better Financial Results

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to get caught working in your business instead of leading it. That's why each week on Profit Points, I break down one financial or operational concept using practical examples and simple strategies to help you improve profitability, make confident decisions, and build a business that truly works for your life. In this episode, we're bringing together everything we've been talking about—mindset, money, and leadership—into one powerful framework: the CEO Confidence Loop. Real confidence doesn't come from motivation or positive thinking. It comes from making intentional decisions, reviewing the data those decisions create, and building the discipline to keep improving over time. I'll walk you through how successful business owners transition from reacting like operators to thinking like CEOs, and why your financial data is one of the most valuable leadership tools you have. This episode answers questions like: What is the CEO Confidence Loop?How do decisions, data, and discipline work together?What's the difference between operating your business and leading it?Why should business owners treat financial reports like a dashboard instead of a report card?How can reviewing your numbers improve decision-making?Why is confidence built through action instead of feelings?What financial metrics should every CEO monitor regularly?How do intentional decisions improve profitability over time?Why is consistency more valuable than motivation in business?How can business owners develop stronger financial leadership?This episode is for small business owners, entrepreneurs, consultants, freelancers, coaches, agency owners, and leaders who want to move beyond simply staying busy and start leading their business with greater confidence and clarity. If you've ever found yourself reacting to problems instead of planning ahead, avoiding your financial reports, or wondering how experienced CEOs make confident decisions, this episode will give you a practical framework you can begin applying immediately. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's ready to stop operating on instinct and start leading with confidence, share this episode with them. This Week's Action Step Choose one place to enter the CEO Confidence Loop this week. Make one intentional decision. Whether it's raising your prices, strengthening a client boundary, paying yourself consistently, or implementing a new financial system, commit to one leadership decision.Review your data. Pull up your last three months of financial reports and identify one trend that deserves your attention. Ask yourself what decision created that result—and what decision could improve it.Build one discipline. Schedule a recurring monthly money date, automate a tax savings transfer, or create a consistent owner-pay process that becomes part of your routine.You don't need to do all three. Simply choose one place to begin. The confidence loop grows every time you make intentional decisions backed by data. Resources Mentioned Profit First Implementation & CoachingSidekick Accounting Facebook CommunityFree Business ConsultationCEO Financial Leadership SupportSidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  3. Jul 30

    Imposter Syndrome Is Costing You Money: The Financial Patterns Behind Self-Doubt

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to think imposter syndrome is just a mindset issue. But often, self-doubt doesn't just affect how you feel—it affects the financial decisions you make every day. That's why each week on Profit Points, I break down one financial or operational concept using practical examples and simple strategies to help you improve profitability, make confident decisions, and build a business that truly works for your life. In this episode, we're exploring a different perspective on imposter syndrome. Instead of viewing it only as a confidence challenge, we're looking at how it quietly shows up in your pricing, profitability, owner pay, and cash flow. When self-doubt influences your business decisions, it often leads to underpricing, over-delivering, weak boundaries, and inconsistent profits. I'll walk you through the financial patterns that reveal imposter syndrome, why data is one of the most powerful confidence builders, and how knowing your numbers helps replace fear with intentional leadership. This episode answers questions like: How does imposter syndrome affect business finances?Why do business owners underprice their services?What's the connection between self-doubt and profitability?How does over-delivering quietly reduce profit margins?Why is inconsistent owner pay a warning sign?What financial patterns reveal hidden self-doubt?How can data help build confidence in business decisions?Why should pricing be based on sustainability instead of fear?How do healthy margins support long-term business growth?What practical steps can business owners take to replace self-doubt with financial clarity?This episode is for small business owners, entrepreneurs, consultants, coaches, freelancers, agency owners, and service providers who have ever questioned their pricing, struggled to pay themselves consistently, or felt like they had to prove their value before charging what they're worth. If you've ever discounted before being asked, worked extra hours without billing for them, or accepted clients who weren't the right fit simply because you feared saying no, this episode will help you understand the true financial cost of self-doubt—and how to break the cycle. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's battling imposter syndrome while trying to grow a profitable business, share this episode with them. This Week's Action Step Choose one of your core services and evaluate it honestly by answering three questions. Is this service priced to fully support your time, overhead, owner pay, taxes, and a healthy profit margin?Does the margin reflect the actual effort and time required to deliver it?The last time you sold this service, were you operating from confidence or from fear?Use your answers to identify one improvement you can make this week—whether that's adjusting your pricing, strengthening your boundaries, or reviewing your margins. Confidence grows when your decisions are backed by data, not doubt. Resources Mentioned Profit First Implementation & CoachingSidekick Accounting Facebook CommunityFree Business ConsultationPricing & Profitability Strategy SupportSidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  4. Jul 28

    Why Selling Feels So Hard: The Hidden Numbers Problem Behind Low Conversions

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how frustrating it can be when you're having plenty of sales conversations but very few of them turn into paying clients. That's why each week on Profit Points, I break down one financial or operational concept using practical examples and simple strategies to help you improve profitability, make better business decisions, and build a business that truly works for your life. In this episode, we're talking about why selling sometimes feels heavier than it should. Many business owners assume they have a confidence problem when sales slow down, but often the real issue is a lack of clarity behind the numbers. When you don't fully understand your pricing, margins, costs, or delivery capacity, uncertainty creeps into every sales conversation. I'll walk you through how financial clarity strengthens confidence, why standardizing your services protects profitability, and how operational systems can dramatically improve your sales process. This episode answers questions like: Why do sales conversations sometimes feel difficult even when you're confident?How do unclear numbers affect your ability to sell?Why is knowing your margins essential for pricing confidently?How does custom work quietly reduce profitability?What is scope creep and how does it impact business growth?How can standardized services improve sales and operations?Why do operational systems increase confidence during sales conversations?How do delivery capacity and pricing work together?What questions should every business owner ask about their services?How can stronger business systems improve conversion rates?This episode is for small business owners, entrepreneurs, consultants, freelancers, coaches, agency owners, and service providers who feel like they're having plenty of conversations but not enough clients are saying yes. If you've ever questioned your pricing, customized every proposal, or struggled to confidently communicate your value, this episode will help you identify the operational gaps that may be holding your sales back. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's struggling with pricing confidence or inconsistent sales, share this episode with them. This Week's Action Step Choose one service you currently offer and evaluate it through the lens of profitability and operational clarity. Calculate what it actually costs you to deliver that service, including labor and overhead.Determine the profit margin you need for that service to support your business goals.Identify where you frequently customize, discount, or stretch beyond your standard offering.Then look for patterns. Consider what can become part of a standardized process and what should remain an optional upgrade. Greater clarity behind your services creates greater confidence in every sales conversation. Resources Mentioned Profit First Implementation & CoachingSidekick Accounting Facebook CommunityFree Business ConsultationProfitability & Pricing Strategy SupportSidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  5. Jul 23

    Stop Avoiding Your Numbers: The Leadership Habit That Builds Financial Confidence

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to avoid looking at your financial reports when the numbers feel overwhelming or emotionally charged. That's why each week on Profit Points, I break down one financial concept using practical examples and simple explanations to help you understand your numbers, improve profitability, and build a business that works for your life. In this episode, we're talking about one of the most important leadership habits every successful CEO develops: intentional awareness. Many business owners think avoiding their numbers protects them from stress, but in reality, avoidance only delays clarity and makes financial decisions more difficult. I'll show you how to remove emotion from your financial reports, use your numbers as neutral information instead of personal judgment, and develop a simple weekly habit that leads to calmer, more confident decision-making. This episode answers questions like: Why do so many business owners avoid looking at their financial numbers?What's the difference between financial awareness and financial judgment?How does avoiding your numbers affect business growth?Why is confidence built through awareness instead of avoidance?How can business owners make better financial decisions without feeling overwhelmed?What financial reports should you review regularly?How often should you check your business numbers?What questions should CEOs ask during a financial review?How can a simple weekly money check-in improve profitability?Why is awareness the first step toward confident leadership?This episode is for small business owners, entrepreneurs, consultants, freelancers, coaches, and leaders who know they should be reviewing their financial reports but often put it off. If you've ever avoided opening your profit and loss statement, relied only on your bank balance, or felt anxious every time you looked at your numbers, this episode will help you replace fear with clarity and build healthier financial habits. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's been avoiding their numbers because they feel overwhelming, share this episode with them. This Week's Action Step Schedule a recurring 10-minute financial check-in with yourself this week and commit to observing your numbers without judgment. During your check-in: Compare your cash balance to the previous few months.Review your income versus expenses.Track one profitability metric that's important to your business.Ask yourself: What do I notice? What's improving? What needs attention?Don't focus on solving every problem immediately. Your goal is simply to build awareness, because awareness always comes before action. Resources Mentioned Intentional Awareness Financial Check-InSidekick Accounting Facebook CommunityFree Business ConsultationProfit First MethodologySidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  6. Jul 21

    Tax Write-Offs vs. Tax Strategy: Why Smart Business Owners Need More Than Deductions

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to focus on finding more tax deductions instead of building a real tax strategy. That's why each week on Profit Points, I break down one financial concept using practical examples and simple explanations to help you understand your numbers, improve profitability, and build a business that works for your life. In this episode, we're talking about one of the biggest misconceptions in small business finance: the belief that tax write-offs are the same as tax strategy. Many entrepreneurs spend money simply to lower their taxes, without realizing they're sacrificing cash flow and long-term profitability. I'll explain why deductions are only one tool in a much larger strategy, how proactive tax planning creates financial stability, and the key decisions every business owner should make before tax season arrives. This episode answers questions like: What's the difference between a tax write-off and a tax strategy?Why isn't spending money just to save taxes a smart financial decision?How do tax write-offs affect taxable income?Why is proactive tax planning better than reacting at year-end?How does your business structure impact the taxes you pay?When should business owners think about tax planning?Why do timing and planning matter for reducing tax stress?How can Profit First support a proactive tax strategy?What questions should every entrepreneur ask before making tax decisions?How can tax planning improve long-term profitability and cash flow?This episode is for small business owners, entrepreneurs, freelancers, consultants, coaches, and self-employed professionals who want to stop guessing when it comes to taxes. If you've ever wondered whether you should buy something just for the write-off, questioned whether your business structure is still the right fit, or found yourself scrambling at year-end, this episode will help you shift from reactive tax decisions to proactive financial leadership. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who's always asking, "Can I write this off?" share this episode with them. This Week's Action Step Replace reactive tax thinking with strategic planning by asking yourself a few important questions. Does your current tax strategy support your long-term business goals?Are you operating under the business structure that's best for your current stage of growth?Do you know when income and expenses should be recognized to support your financial goals?Are your purchases driven by strategy—or simply by the desire for another write-off?Then choose one action this week to improve your tax planning, whether that's reviewing your entity structure, creating a tax savings plan, or scheduling time to develop a proactive strategy before year-end. Resources Mentioned Profit First MethodologySidekick Accounting Facebook CommunityFree Business ConsultationTax Strategy & Planning SupportSidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  7. Jul 16

    Scarcity Mindset Is Costing You Profit: How Fear Impacts Pricing and Business Growth

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to let fear quietly influence the decisions we make—especially when it comes to pricing, clients, and sales. That's why each week on Profit Points, I break down one financial or operational concept using practical examples and simple strategies to help you improve profitability, make confident decisions, and build a business that truly works for your life. In this episode, we're talking about one of the biggest hidden threats to profitability: scarcity mindset. Scarcity doesn't always look like panic or financial struggle. More often, it shows up through unnecessary discounts, over-delivering, weak boundaries, and saying yes to the wrong opportunities. These small decisions slowly erode your margins and leave you working harder without earning more. I'll show you how fear affects your pricing decisions, why confidence creates healthier businesses, and how to shift from scarcity to sustainable profitability. This episode answers questions like: What is a scarcity mindset in business?How does fear affect pricing decisions?Why do business owners discount their services too quickly?What is the connection between scarcity thinking and scope creep?How does over-delivering reduce profitability?Why do some clients appreciate your value while others demand more?How can pricing from confidence improve sales conversations?What does it mean to sell from alignment instead of fear?Why can healthy boundaries strengthen both profit and client relationships?How can business owners protect their margins without feeling guilty?This episode is for small business owners, entrepreneurs, consultants, freelancers, coaches, and service providers who struggle with pricing, over-delivering, or constantly feeling like they have to prove their value. If you've ever discounted your services out of fear, taken on more work than you quoted, or found yourself attracting difficult clients, this episode will help you identify where scarcity may be affecting your business—and how to change it. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who struggles with pricing confidently or setting healthy client boundaries, share this episode with them. This Week's Action Step Review your recent sales conversations or client engagements and honestly evaluate where fear may have influenced your decisions. Ask yourself whether you discounted because it was strategic—or because you were afraid of losing the sale.Identify any work you delivered that wasn't included in your pricing.Reflect on whether you agreed to requests before considering whether they aligned with your business.Then choose one area where you'll strengthen your boundaries this week—whether that's maintaining your pricing, limiting scope creep, or becoming more confident in communicating your value. Resources Mentioned Sidekick Accounting Facebook CommunityFree Business ConsultationPricing and Profitability Strategy SupportProfit First MethodologySidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

  8. Jul 14

    Revenue Goals vs. Profit Goals: Which One Actually Builds a Better Business?

    Got a Question? Send us a Text! Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to get caught up chasing bigger numbers, higher sales targets, and ambitious growth goals. That's why each week on Profit Points, I break down one financial concept using practical examples and simple explanations to help you understand your numbers, improve profitability, and build a business that works for your life. In this episode, we're talking about one of the biggest mistakes business owners make when setting goals: focusing on revenue without considering profit. While revenue goals often sound exciting, they don't necessarily create a healthier, more sustainable business. In fact, chasing revenue alone can lead to burnout, poor margins, overloaded schedules, and unnecessary stress. I'll walk you through the difference between revenue-focused thinking and profit-focused leadership, and show you how to set goals that support both your business and your life. This episode answers questions like: Why can revenue goals create more pressure instead of more freedom?What's the difference between revenue growth and profit growth?How do revenue-only goals contribute to burnout?Why do business owners discount services or accept the wrong clients?What role do margins play in business success?How does delivery capacity affect profitability?Why should profit be the starting point for goal setting?What does sustainable business growth actually look like?How can business owners align financial goals with personal priorities?What metrics should entrepreneurs focus on besides revenue?This episode is for small business owners, entrepreneurs, consultants, freelancers, coaches, and service providers who want to grow their business without sacrificing profitability, capacity, or quality of life. If you've set ambitious revenue targets but still feel overwhelmed, stressed, or financially frustrated, this episode will help you rethink what success really looks like. If you enjoy this episode, be sure to subscribe to Profit Points so you never miss an episode. And if you know another business owner who is chasing revenue while feeling stretched too thin, share this episode with them. This Week's Action Step Take a look at your current business goals and ask yourself whether they're focused solely on revenue or on overall business health.Review your revenue goals and identify the profit you actually want to keep.Consider your delivery capacity and whether your goals align with it.Evaluate your margins to determine whether your current pricing supports profitability.Ask yourself what "enough" looks like and what you're willing to say no to in order to protect profit and sustainability.Then rewrite one goal this week to focus on profit, capacity, or margin instead of revenue alone. Resources Mentioned Profit First MethodologySidekick Accounting Facebook CommunityFree Business ConsultationProfitability and Goal-Setting SupportSidekick Accounting Resources Connect with Megan LinkedIn: Megan Schwan Website & Community: youraccountingsidekick.com Book a Free Consultation: chatwithmeg.com Connect with me for practical financial education, resources, and support designed to help you build a profitable, sustainable business that works for your life.

About

What nobody tells you when you start a business is that the financial stuff is actually learnable. You don't have to be good at numbers or have a BA in business. All it requires is someone willing to explain it like a human being instead of an accountant. That is what Profit Points is. I am Megan Schwan, founder of Sidekick Accounting, certified Profit First Professional, single mom, and the person my clients call when the numbers stop making sense. Every week on this show, I take one financial concept and make it completely accessible — profit margins, tax strategy, cash flow, pricing, the whole picture — with real numbers, real examples, and language that actually makes sense.  Every episode ends with one clear action step you can take immediately, because information without application is just noise. And to build a successful, sustainable business... you as the CEO need to take action!  If you have been running your business on gut feelings and bank balance checks, and you are ready to actually know what is happening financially, this show is for you. New episodes every week. Let's get into it.