The Cash Flow Contractor Khalil Benalioulhaj & Martin Holland

Could you be facing $500 daily penalties and not even know it? Find out how you can safeguard your business against these potential fines in this episode with Mark Robertson. You don’t want to miss this!

Time Stamps
00:35 - Episode & Guest Intro01:44 - Understanding Beneficial Ownership Information Report08:02 - Understanding Exemptions and Requirements11:41 - Penalties for Non-Compliance14:25 - Navigating the Filing Process25:59 - Practical Advice and Closing Thoughts27:52 - More About Mark Robertson30:07 - How to Reach Mark Robertson
Quotable Moments From the Show
"FinCEN has spent the last three years putting together regulations on how companies should report who the beneficial owners are and who the control people are for companies here in the United States. Those regulations kicked in effective January 1st of this year." -Mark Robertson"You have until the end of the year if you were formed before the beginning of this year. Now, if you were formed in January of this year, you have 90 days to do your filing. If next year you file a new company, then new companies filed after January 1, 2025, have 30 days to do their filing."  -Mark Robertson
Resources
Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast
More from Mark Robertson
BOI E-filing SystemWebsite
More from Martin Holland
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

Struggling with cash management? Ever feel like you're guessing your way through your business finances? This episode might just be the lifeline your business needs! Learn why a weekly cash flow report isn't just good practice — it's essential. 

Time Stamps
00:36 - Episode Intro03:06 - Understanding the Cash Flow Report10:42 - Profitability vs. Cash Flow13:27 - Avoiding the Pitfalls of Poor Cash Management18:26 - Strategies for Improving Cash Position20:57 - Maximizing Returns on Inventory Management22:06 - Innovative Inventory Management Strategies24:28 - Improving Cash Flow Through Receivables Management28:27 - Strategic Accounts Payable Management37:16 - Episode OutroQuotable Moments from the Episode
"Everyone has done this already. It's probably been in their head." -Khalil"Profitability and cash are completely different animals." -Martin"Look at the cash flow report, because that's going to give you the honest answer." -Khalil"One of the first things you do is prompt billing." -Martin"Don't self deselect and say, It can't be done." -Martin
Resources
Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast
More from Martin Holland
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

Considering bringing on a partner in your business? Find out why having a solid operating agreement is crucial for a successful partnership. Patrick Lane shares key insights you can't afford to overlook!

Time Stamps
00:05 - Episode & Guest Intro02:57 - The Importance of Operating Agreements05:13 - When Do You Need an Operating Agreement?08:33 - Key Provisions in Operating Agreements11:05 - Navigating Partnership Dynamics and Legal Advice13:02 - The Real Costs of Legal Disputes in Partnerships14:38 - Management and Financial Considerations in Operating Agreements22:33 - Addressing Distributions, Divorces, and Disputes25:58 - Navigating Tax Provisions in Operating Agreements26:45 - The Importance of CPA Involvement in Business Startups27:37 - Exit Strategies and Expulsion Provisions29:00 - The Essentials of Buy-Sell Agreements31:45 - Funding and Valuation in Buy-Sell Agreements36:47 - Ownership and Voting Rights in Business Partnerships40:47 - Employee Ownership: Pros and Cons43:08 - Non-Compete and Non-Solicitation Agreements47:24 - Building a Strong Advisory Team for Your Business52:46 - Final Thoughts and Advice on Operating Agreements
Resources
The Advisor Mentor ChecklistNeed Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast
More from Patrick Lane
WebsiteLinkedIn
More from Martin Holland
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

Struggling with letting go of underperforming employees? Dive into the emotional and financial complexities of letting go and learn about the importance of hiring slowly and firing quickly. Tune in!

Time Stamps
00:23 - Episode Intro01:21 - The Human Side of Firing04:01 - The Impact of Personal Relationships on Decision-Making06:02 - Objective Metrics vs. Subjective Feelings in Firing Decisions08:23 - The Importance of Core Behaviors and Objective Evaluation15:33 - The Business Impact of Removing Underperforming Employees20:02 - Making the Uncomfortable Decision for Business Health22:12 - Building a Winning Team Culture23:46 - Hiring Slowly, Firing Quickly25:43 - Episode Outro
Quotable Moments from the Episode
"When you're firing somebody, you're telling them they're no good. They don't measure up. And people don't want to do that to people.” - Martin Holland“Your profit or loss is pretty much tied up in how well your labor does. Everything else matters, but labor is the one where you get it right and it goes well, get it wrong and it blows everything up.” - Martin Holland“It's okay to let go of a great person if it means a healthy business, in my opinion. - Khalil BenalioulhajResources
CFC Episode 070 - When You Know They Need to GoWhen You Know They Need to Go: Firing an Employee Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast
More from Martin
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

Thinking HR is only for the 'big players'? Think again! This episode with HR expert Sara Anwar breaks down why HR is crucial for small businesses and growing contractors. Tune in!

Time Stamps
01:41 - Intro to Sara Anwar03:19 - Sarah's Journey into HR06:31 - HR Essentials for Small Businesses10:54 - Understanding Handbooks and Job Descriptions13:53 - The Importance of Onboarding and Training16:2 - Adjusting Job Descriptions20:19 - Handling HR for Growing Businesses26:09 - Navigating HR for Subcontractors28:05  - Consequences of Misclassification30:39 - The Essential Components of an HR Handbook37:30 - Choosing the Right HR Software for Small Businesses40:23 - Understanding HR Consulting and Software Costs46:07 - Navigating Employment Contracts and Compensation Models49:24 - How to Get in Touch with Sara Anwar
Quotable Moments from Sara Anwar
"Sometimes things can go sour when you are running a business. Things change the relationship at times. So I would still harp on having a set of guidelines.""When you get to about 20 to 30 employees, you probably should think about having a full time HR.""We want to treat them well, but we need to be very careful about every little thing. This really needs to be airtight to make sure they don't have cause later to say, "I should be an employee as opposed to a contractor.""Internet and email and social media use. That's a hot topic these days!""It [HR] may cost just a little upfront, but it's certainly better than paying the fines, and the lawsuit money, and settlements that can come out of not having it."
Need Help Producing High-Quality Podcast Content Without The Headache? SCHEDULE YOUR DISCOVERY CALL WITH DEMANDCAST!

More from Sara Anwar
WebsiteEmailContact Number: 918 629 3820
More from Martin
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor
Resources
Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast

Partner up or go solo? Discover the key factors to consider when deciding if a business partnership is right for you. Hit play!

Time Stamps
00:52 - The Essence of Partnership in Business01:47 - Why People Choose to Partner Up04:16 - The Complexities and Risks of Business Partnerships12:35 - Evaluating Potential Partnerships16:01 - Navigating the Challenges of Partnerships24:47 - Final Thoughts on Partnerships
Quotable Moments from the Episode
"Partnerships carry a great deal of risk. They can be beneficial, but they carry a great deal of risk." - Martin Holland"It takes a very sophisticated relationship and the ability to navigate it requires humility. It requires a deep understanding of the long term, and a deep care for the business between all parties." - Khalil Benalioulhaj"Every decision we make affects them and every decision they make affects us." -Martin Holland
Resources
“How to Make a Beautiful Business Partnership” by Michael GirdleyCFC Episode 065 - Partner or Not to Partner“To Partner or Not to Partner: How to Decide” by Martin HollandNeed Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast
More from Martin
theprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagram
More from Khalil
benali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram
More from The Cashflow Contractor
Subscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor