5 episodes

The Financially Simple Business podcast is an all-in-one resource for small business owners. You will gain valuable insights into navigating through today’s business climate. Each episode focuses on the topics that benefit you the most. Learn effective methods of managing your team, tax mitigation, increasing bottom-line revenues without overloading your current infrastructure, and much, much more.
Being a business owner can be a lonely profession, but that doesn’t mean you have to go it alone. Subscribe to the Financially Simple podcast and join the thousands of business owners who have grown and improved their businesses by putting these lessons into action.
PlayerFM Top 20 Financial Podcast, FeedSpot Top 10 Business Podcast
Financially Simple, LLC, a division of Heritage Investors, LLC - a registered investment advisor. Heritage Investors, LLC only conducts business in states where it is properly registered or is excluded or exempted from registration requirements.

Financially Simple - Business Growth to Sale Justin Goodbread

    • Business
    • 4.4 • 20 Ratings

The Financially Simple Business podcast is an all-in-one resource for small business owners. You will gain valuable insights into navigating through today’s business climate. Each episode focuses on the topics that benefit you the most. Learn effective methods of managing your team, tax mitigation, increasing bottom-line revenues without overloading your current infrastructure, and much, much more.
Being a business owner can be a lonely profession, but that doesn’t mean you have to go it alone. Subscribe to the Financially Simple podcast and join the thousands of business owners who have grown and improved their businesses by putting these lessons into action.
PlayerFM Top 20 Financial Podcast, FeedSpot Top 10 Business Podcast
Financially Simple, LLC, a division of Heritage Investors, LLC - a registered investment advisor. Heritage Investors, LLC only conducts business in states where it is properly registered or is excluded or exempted from registration requirements.

    Key Financial Ratios for Monitoring Your Business

    Key Financial Ratios for Monitoring Your Business

    In episode 395 of Financially Simple, Justin explains how you can analyze your business’s performance year-on-year using five simple Key Ratios.
    A Key Ratio uses your business’s financial data and compares the information to another data set to help determine the state of the company’s finances and more. In this episode, Justin explains the five Key Ratios that you should be using to measure your business growth path from one year to the next, so that you can make changes in the sectors that are required to improve the overall value of your business.
    Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
    _________________
     
    TIME INDEX:
    00:20 - Key Financial Ratios for Your Business
    01:27 - What is a Key Ratio?
    03:27 - Gross Profit Margin Percentage
    06:36 - Net Operating Margin Percentage
    09:02 - Debt to Equity Ratio
    10:12 - The Quick and Current Ratios
    12:28 - Your Return on Equity
    16:30 - Summary
     
    USEFUL LINKS:
    Work with Our Team
    Financially Simple on YouTube
    Advance Child Tax Credit Payments in 2021
    Subscribe to the Financially Simple Newsletter
     
    NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
    _________________
     
    BIO:
    Justin A. Goodbread, CFP®, CEPA®, CVGA®, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year.
    DISCLOSURES:
    This podcast is distributed for informational purposes only.  Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy.  Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances.  All investing involves risk of loss, including the possible loss of principal.  Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit.  All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly.  Investment advisory services offered by WealthSource Partners, LLC.  Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice.  The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC.  Statements made in this podcast are subject to change without notice.  Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. 


    We want to help you make informed financial decisions for your small business with confidence. In doing so, we might recommend products and services that offer us compensation when you use them. This compensation is used to help offset the cost of creating the content we give to you for free. We will, however, never suggest products/services solely for the compensation received. As stated before, our goal is to make understanding money for you the business owner, your family, and anyone learning from our work.

    • 19 min
    How to Use Business Revenue to Prepare for the Next Crisis

    How to Use Business Revenue to Prepare for the Next Crisis

    In episode 394 of Financially Simple, Justin takes a moment to go over what you as a business owner can do to try to prepare for the next financial crisis.
    National and global catastrophes that happen unexpectedly, such as the current COVID-19 pandemic or even the 2008 financial crisis can make or break a business. In this episode, Justin goes over nine ways to help you protect your business and yourself during troubling times and to even potentially come out better.
    Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
    _________________
     
    TIME INDEX:
    00:42 - How to Use Your Business's Revenue to Prepare to Maximize the Next Crisis
    04:01 - Positioning
    05:46 - Handling Company Cashflow
    08:12 - Cover Expenses
    09:35 - Home Emergency Fund
    11:27 - Operational Expenses
    14:48 - Line of Credit
    16:33 - Receive Retirement Plan Match
    17:26 - Fully Fund HSA
    18:17 - Max Out Your ROTH IRA
    19:04 - Tax Planning
    20:50 - Non-Qualified Assets
    23:12 - Summary
    26:30 - Wrap Up
     
    USEFUL LINKS:
    Work with Our Team
    Financially Simple on YouTube
    Advance Child Tax Credit Payments in 2021
    Subscribe to the Financially Simple Newsletter
    NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
    _________________
     
    BIO:
    Justin A. Goodbread, CFP®, CEPA®, CVGA®, owner of FinanciallySimple.com, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year. Please visit HeritageInvestor.com to learn the criteria used in earning these credentials and awards.
    DISCLOSURES:
    This podcast is distributed for informational purposes only.  Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy.  Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances.  All investing involves risk of loss, including the possible loss of principal.  Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit.  All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly.  Investment advisory services offered by WealthSource Partners, LLC.  Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice.  The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC.  Statements made in this podcast are subject to change without notice.  Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. 
    We want to help you make informed financial decisions for your small business with confidence. In doing so, we might recommend products and services that offer us compensation when you use them. This compensation is used to help offset the cost of creating the content we give to you for free. We will, however, never suggest products/services solely for the compensation received. As stated before, our goal is to make understanding money for you the business owner, your family, and anyone learning from our work.

    • 27 min
    Predictable Success with Les McKeown

    Predictable Success with Les McKeown

    In episode 393 of Financially Simple, Justin talks to author Les McKeown about Predictable Success. Can the success of a business be predicted with any certainty, and if so what are the indicators or paths that can be followed to measure the progress of the business? In this episode, Justin and Les discuss Les’s book Predictable Success, and cover the broad strokes of the path and indicators that Les has discovered in his many years of business. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
    _________________  
    TIME INDEX:
    00:42 - Predictable Success with Les McKeown
    01:19 - Backstory
    07:41 - The Umbrella Path
    16:07 - Should We Strive for Predictable Success?
    26:13 - Investigation, Interpretation, Implementation
    32:50 - Scale
    40:57 - Recommended Reading
    43:25 - A Piece of Wisdom
    44:44 - Wrap Up  
    USEFUL LINKS:
    Work with Our Team
    Les McKeown, LinkedIn
    PredictableSuccess.com/Justin
    Predictable Success, by Les McKeown
    Synergist, by Les McKeown
    Do Lead, by Les McKeown
    Do Scale, by Les McKeown
    Advance Child Tax Credit Payments in 2021
    NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
    _________________  
    BIO:
    Justin A. Goodbread, CFP®, CEPA®, CVGA®, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year. Please visit HeritageInvestor.com/awards to learn the criteria used in earning these credentials and awards.
    DISCLOSURES:
    This podcast is distributed for informational purposes only.  Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy.  Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances.  All investing involves risk of loss, including the possible loss of principal.  Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit.  All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly.  Investment advisory services offered by WealthSource Partners, LLC.  Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice.  The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC.  Statements made in this podcast are subject to change without notice.  Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. 
    We want to help you make informed financial decisions for your small business with confidence. In doing so, we might recommend products and services that offer us compensation when you use them. This compensation is used to help offset the cost of creating the content we give to you for free. We will, however, never suggest products/services solely for the compensation received. As stated before, our goal is to make understanding money for you the business owner, your family, and anyone learning from our work.

    • 46 min
    The Five Stages of Leadership

    The Five Stages of Leadership

    In episode 392 of Financially Simple, Justin looks at the five levels of leadership according to authors Jim Collins and John C. Maxwell.
    Do you lead your team from the front or behind? Are you highly capable or an executive? Do you need to level up your leadership to get more from your employees and improve your business? In this episode, Justin analyzes the two books on Leadership by Jim Collins and John C. Maxwell and asks the question, where do you fit as a leader in your own business?
    Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
    _________________
     
    TIME INDEX:
    00:42 - The Five Stages of Leadership
    02:06 - Top Down vs. Bottom Up
    05:01 - The Five Levels of John C. Maxwell
    05:23 - Position
    05:46 - Permission
    06:57 - Production
    07:49 - People Development
    08:54 - The Pinnacle
    10:37 - The Five Levels of Jim Collins
    11:18 - The Highly Capable
    12:01 - The Contributor
    12:43 - The Competent Manager
    13:16 - The Effective Leader
    14:06 - The Executive
    14:28 - What Level are You?
    16:38 - Summary
     
    USEFUL LINKS:
    Work with Our Team
    5 Levels of Leadership, John C. Maxwell
    Good to Great by Jim Collins
    Advance Child Tax Credit Payments in 2021
    Subscribe to the Financially Simple Newsletter
    NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
    _________________
    BIO:
    Justin A. Goodbread, CFP®, CEPA®, CVGA®, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year. Please visit HeritageInvestor.com/awards to learn the criteria used in earning these credentials and awards.
    DISCLOSURES:
    This podcast is distributed for informational purposes only.  Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy.  Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances.  All investing involves risk of loss, including the possible loss of principal.  Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit.  All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly.  Investment advisory services offered by WealthSource Partners, LLC.  Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice.  The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC.  Statements made in this podcast are subject to change without notice.  Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. 
    We want to help you make informed financial decisions for your small business with confidence. In doing so, we might recommend products and services that offer us compensation when you use them. This compensation is used to help offset the cost of creating the content we give to you for free. We will, however, never suggest products/services solely for the compensation received. As stated before, our goal is to make understanding money for you the business owner, your family, and anyone learning from our work.

    • 18 min
    The Reality of Change, with Paul Metler

    The Reality of Change, with Paul Metler

    In episode 391 of Financially Simple, Justin talks to Paul Metler of Initiative One about facing the changes that come with running a business.
    Change is one of the few things you can bet on being consistent, and as a business owner being able to handle the changes that we face both internally and externally with our businesses is key to making it day-to-day. In this episode, Justin and Paul looks at the common metrics of change, and how we can guard our businesses from this constant flux.
    Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
    _________________
     
    TIME INDEX:
    00:42 - The Reality of Change, with Paul Metler
    03:27 - Predictable Change Metrics
    04:25 - A Common Catalyst
    05:54 - Blowback
    09:29 - Lessening the Pushback
    11:37 - Where Business Owners Miss the Mark
    12:43 - Accountability
    13:46 - One Piece of Advice
    15:19 - Focus
    17:10 - Recommended Reading
    18:32 - Summary
    20:02 - Wrap Up
     
    USEFUL LINKS:
    Work with Our Team
    Paul Metler, LinkedIn
    Initiative One
    The Reality of Change, Paul Metler and Fred Johnson
    Frankenstein, Mary Shelly
    Think Again: The Power of Knowing What You Don’t Know, Adam Grant
    Financially Simple on YouTube
    Advance Child Tax Credit Payments in 2021
    Subscribe to the Financially Simple Newsletter
     
    NEW Book: Your Baby’s Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later
    _________________
    BIO:
    Justin A. Goodbread, CFP®, CEPA®, CVGA®, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year winner of the Investopedia Top 100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year. Please visit HeritageInvestor.com/awards to learn the criteria used in earning these credentials and awards.
    DISCLOSURES:
    This podcast is distributed for informational purposes only.  Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy.  Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances.  All investing involves risk of loss, including the possible loss of principal.  Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit.  All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly.  Investment advisory services offered by WealthSource Partners, LLC.  Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice.  The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC.  Statements made in this podcast are subject to change without notice.  Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. 
    We want to help you make informed financial decisions for your small business with confidence. In doing so, we might recommend products and services that offer us compensation when you use them. This compensation is used to help offset the cost of creating the content we give to you for free. We will, however, never suggest products/services solely for the compensation received. As stated before, our goal is to make understanding money for you the business owner, your f

    • 20 min

Customer Reviews

4.4 out of 5
20 Ratings

20 Ratings

Lala@! ,

Innovative and Insightful

Justin goes above and beyond to break down complicated issues in growing, managing, and selling small businesses in a way that feels as if you are talking over coffee with a friend. This podcast deviates away from overused, textbook strategies and proves that there is so much more to making your business successful. I would reccommend this podcast to any small business owners or anyone who manages a team.

vitalej17 ,

SERIOUSLY digging this podcast!!

This podcast is like having a business 101 handbook in your back pocket! Great resource for many things related to small business, especially financial advice and expertise.

JoshCrist ,

Must-listen for business owners!

Wow! This show is incredible and I wish I had found Justin when I was owning and operating my small business. So many nuggets of gold in these episodes and the way he breaks down issues like preparing to sell, growth, investing (specific to business owners) and tax considerations with his own real-world experiences is really refreshing. Highly recommend subscribing if you are, or plan to become, a business owner!

Top Podcasts In Business

Ramsey Network
BiggerPockets
Andy Frisella #100to0
NPR
NPR
Jocko DEFCOR Network

You Might Also Like

Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP
Michael Kitces
The Unstuck Network
John Warrillow
The Investor's Podcast Network
Dr. Jim Dahle of the White Coat Investor