37 min
Incite Tax with Founder and CEO John Briggs Franchise Euphoria
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- Entrepreneurship
Founder of Incite Tax and the author of Profit First For Microgyms, John Briggs has a theme: "The IRS Sucks". Business owners should keep more of their money to build long-term wealth. John joins the podcast today to share how he has built an amazing team of nontraditional accountants to help combat IRS bullying. John is a man on a mission to give entrepreneurs an actual work-life balance so they don’t get burned out. He helps them increase their cash immediately so they can have confidence in their choices and become financially resilient.
Key Takeaways: [2:19] - John shares his background and why he founded Incite Tax.
[3:40] - He is passionate about helping entrepreneurs stay in business.
[4:41] - Not enough capital and mismanaging capital are the number one pain points for franchisees.
[5:33] - The demand for something expands to match its supply.
[7:23] - John shares a way to manage money through multiple types of accounts.
[8:53] - The first step of the Profit First method is to do a cash flow analysis.
[12:03] - It is never too late to start thinking about a cash flow system. Start now.
[14:06] - John explains why gyms and fitness businesses are a niche for Incite Tax.
[17:23] - Because they are so experienced with the business model, Incite Tax can see the challenges before they do.
[20:18] - You can negotiate lease agreements.
[22:45] - John explains the systems he has built that help people avoid burnout.
[26:37] - When is it time to think about adding another location to a business?
[30:16] - Think about how to maximize the space you are in.
[35:02] - It’s not always the best idea to open a second location.
Mentioned in This Episode: Profit First For Microgyms by John Briggs
Incite Tax Home Page
Incite Tax on Facebook
Incite Tax on Instagram
Founder of Incite Tax and the author of Profit First For Microgyms, John Briggs has a theme: "The IRS Sucks". Business owners should keep more of their money to build long-term wealth. John joins the podcast today to share how he has built an amazing team of nontraditional accountants to help combat IRS bullying. John is a man on a mission to give entrepreneurs an actual work-life balance so they don’t get burned out. He helps them increase their cash immediately so they can have confidence in their choices and become financially resilient.
Key Takeaways: [2:19] - John shares his background and why he founded Incite Tax.
[3:40] - He is passionate about helping entrepreneurs stay in business.
[4:41] - Not enough capital and mismanaging capital are the number one pain points for franchisees.
[5:33] - The demand for something expands to match its supply.
[7:23] - John shares a way to manage money through multiple types of accounts.
[8:53] - The first step of the Profit First method is to do a cash flow analysis.
[12:03] - It is never too late to start thinking about a cash flow system. Start now.
[14:06] - John explains why gyms and fitness businesses are a niche for Incite Tax.
[17:23] - Because they are so experienced with the business model, Incite Tax can see the challenges before they do.
[20:18] - You can negotiate lease agreements.
[22:45] - John explains the systems he has built that help people avoid burnout.
[26:37] - When is it time to think about adding another location to a business?
[30:16] - Think about how to maximize the space you are in.
[35:02] - It’s not always the best idea to open a second location.
Mentioned in This Episode: Profit First For Microgyms by John Briggs
Incite Tax Home Page
Incite Tax on Facebook
Incite Tax on Instagram
37 min