Your Business on Purpose Dawnette Palmore

Tired of mixing personal and business finances, feeling the stress of not having a clear separation? Have you been told to just use your personal account for business transactions, only to end up in a mess of confusion and potential trouble with the IRS? The frustration of not knowing how to handle your business income and expenses can be overwhelming. If this sounds familiar, it's time for a game-changer. Let's explore the importance of a business checking account, and how it can bring peace of mind and financial clarity to your entrepreneurial journey.

In this episode, you will be able to:


Understand the benefits of choosing the right business entity type.


Discover the crucial importance of a dedicated business checking account.


Learn how to navigate tax issues with the IRS and avoid potential pitfalls.


Master the art of setting up business payroll correctly for smooth operations.


Gain insight into the clear separation of personal and business finances for enhanced financial management.



The struggle or challenge that we have as business owners, small business owners, is that we don't tend to have our checking accounts set up correctly. The solution is to get it set up correctly.

Understand tax advantages and liabilityTax advantages and liability are crucial considerations when setting up a business checking account. By separating personal and business finances, entrepreneurs can clearly track deductible expenses and minimize tax liabilities. Understanding the tax implications of different business entities can help optimize financial strategies and protect assets.

The resources mentioned in this episode are:


Consult a tax professional to determine the best entity type for your business, such as sole proprietorship, LLC, S corp, or C corp.


Open a business checking account and ensure all business income and expenses run through this account.


Obtain an EIN number from the IRS for free and start depositing all business income into the business checking account.


Separate personal and business finances by running only personal expenses through the personal account and paying yourself a proper amount.


Connect with Dawnette at www.yourmoneyonpurpose.com or via email at yourmoneyonpurposemail.com for assistance in managing your business and personal finances.








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Discover the unexpected secret behind this entrepreneur's success. It's not just hard work and determination, but a surprising approach that has propelled her business forward. Find out how she overcomes financial obstacles, builds a strong support system, and stays emotionally resilient. The answer lies in an unexpected source that has shaped her journey. Stay tuned to unveil the surprising truth behind her resilience and success.

My special guest is Jessica Novack

Jessica Novack brings a wealth of experience as an entrepreneur in the Neurofeedback industry, where she has demonstrated an unwavering commitment to excellence and client care. Her journey is a testament to the power of perseverance and the importance of maintaining a healthy work-life balance. Jessica's passion for helping others and her dedication to providing top-quality services have earned her a reputation as a trusted leader in her field. Her insights into building a strong support system at home and navigating the challenges of entrepreneurship offer valuable wisdom for those seeking to achieve emotional well-being and success in their ventures. With her down-to-earth approach and genuine desire to empower fellow entrepreneurs, Jessica's story is both relatable and inspiring.

If you take care of others, God will take care of you. I really lean into that faith. And even some of my most religious friends are baffled by how faithful I am to that. - Jessica Novack

In this episode, you will be able to:


Mastering the Art of Overcoming Struggles in the Neurofeedback Business


Unveiling the Impact of Quality Service on Business Growth


Embracing the Role of Faith in Entrepreneurship


Nurturing Supportive Business Relationships


Unlocking the Benefits of Neurofeedback for Entrepreneurs



Unveiling the Impact of Quality ServiceJessica's commitment to providing sliding scale services and maintaining high-quality results underscores the importance of prioritizing clients' well-being in business. By putting clients first and offering valuable services, entrepreneurs can build trust, loyalty, and long-term success in their ventures.

The resources mentioned in this episode are:


Visit Braincareclinic.com to learn more about neurofeedback services and at-home rental systems for improving brain health and function.


Consider interviewing and researching neurofeedback providers in your area, ensuring they have taken didactic courses, work with advanced technology, and have personal experience with neurofeedback.


Explore the benefits of neurofeedback for improving brain function, emotional regulation, and overall well-being, and consider it as a potential solution for personal or family needs.


Embrace the journey of intentional business and purposeful living by prioritizing the well-being of your employees and clients, and consider implementing neurofeedback as a tool for enhancing productivity and mental wellness in the workplace.


Reflect on the importance of mutual respect, emotional intelligence, and effective communication in personal and professional relationships, and consider seeking support and guidance from professionals like Jessica Novack to cultivate a strong foundation for success.








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Want to experience improved financial stability and reduced stress? I've got the solution to help you achieve that. Let's dive into setting up a tax savings account and take the first step towards a smoother financial journey.

In this episode, you will be able to:


Maximize Your Savings: Discover practical tips for saving money specifically for taxes to keep more of your hard-earned profits.


Streamline Your Operations: Uncover the benefits of hiring a payroll company to simplify your financial processes and ensure compliance.


Minimize Your Tax Burden: Learn effective strategies for managing tax liability as an entrepreneur to optimize your financial outcomes.


Secure Your Future: Explore the importance of setting up a tax savings account to safeguard your business's financial stability.


Stress Less, Thrive More: Master stress management techniques during tax season to maintain peace of mind and focus on growing your business.



We have to realize that part of that money is not ours. We have to pay taxes, and we can have a whole podcast on lowering your tax liability. - Dawnette Palmore

Simplify PayrollImplementing a separate tax account and setting aside a portion of income for taxes can simplify payroll management for small business owners. By directly transferring a percentage of income into the tax account, business owners can streamline their financial processes and ensure that tax obligations are met without any last-minute stress or financial strain. Simplified payroll systems help in maintaining accurate financial records and reduce the risk of errors during tax filings.

The resources mentioned in this episode are:


Visit Your Money On Purpose website at yourmoneyonpurpose.com for coaching and resources on managing taxes and finances.


Email Dawnette Palmore at yourmoneyonpurposemail.com for personalized assistance with setting up your finances and tax planning.


Connect with Dawnette on social media platforms such as Instagram, TikTok, Facebook, and LinkedIn under the handle Your Money On Purpose Coaching for regular tips and guidance on intentional business and purposeful living.


Consider reaching out to a tax professional for in-depth tax strategies and planning.


Embrace the journey of intentional business and purposeful living by tuning in for the next episode and continuing to seek guidance on managing finances and taxes.








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Hey there, entrepreneurs and business professionals! Have you ever found yourself struggling to ask for help, feeling like you need to do everything on your own? You're not alone. Many have been told that asking for help is a sign of weakness, leaving them feeling overwhelmed and isolated. But what if I told you that seeking help is actually the key to unlocking greater success and growth in your business? Let's dive into why getting help is crucial for your journey to success.

My special guest is Kelly Michelle

Entrepreneur and fashion maven, Kelly Michelle, is a dynamic force in the business world. Her transition from spearheading a successful shoe company to founding her own minimalistic fashion brand amidst the challenges of the pandemic showcases her resilience and visionary thinking. With a background in law and a sharp understanding of market dynamics, Kelly brings a fresh perspective on the importance of seeking and accepting help in business. Her commitment to creating affordable, diverse, and stylish fashion resonates with a wide audience. Kelly's journey exemplifies the transformative power of embracing change and building a supportive community. Her insights offer valuable lessons for entrepreneurs and business professionals seeking to navigate the ever-evolving landscape of business.

Success is not on the metrics of what you make monetized. It's how you feel on the inside. - Kelly Michelle

In this episode, you will be able to:


Mastering the art of launching a clothing brand with minimal overhead.


Successfully transitioning from shoe retail to the clothing business.


Overcoming early-stage business challenges and thriving.


Embracing the significance of diversity in the fashion industry.


Learning the power of seeking help and building a robust business ecosystem.



Make the Leap SuccessfullyMaking the leap into entrepreneurship requires courage, planning, and a willingness to take risks. Success in business often involves stepping outside of one's comfort zone and embracing new opportunities. By taking calculated risks and seeking support from others, entrepreneurs can navigate challenges and achieve their goals with confidence.

The resources mentioned in this episode are:


Visit minimalbeverlyhills.com to shop for clothing from the e-commerce brand mentioned in the conversation. Use the code Dawnette at checkout for a 35% discount.


Follow minimal Beverly Hills on Instagram for updates, new releases, and behind-the-scenes content.


Check out minimal Beverly Hills on TikTok for engaging and entertaining content related to the brand and its products.


Stay tuned for future projects and updates from minimal Beverly Hills by following their social media accounts and visiting their website.


Embrace intentional business and purposeful living by staying connected with the brand and exploring their offerings.








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Support this podcast: https://podcasters.spotify.com/pod/show/dawnettepalmore/support

Discover the unexpected secret to mastering work-life balance as a small business owner and stay-at-home parent. Unveil the surprising strategy of planning family meals efficiently and scheduling business around family time. Join us as we unravel the importance of setting personal boundaries and defining your own work-life balance. Stay tuned to find out how this unique approach can transform your daily routine and lead to intentional time allocation.

In this episode, you will be able to:


Discover effective strategies for achieving work-life balance and reclaiming personal time.


Learn how to efficiently plan and prepare family meals to save time and reduce stress.


Master the art of scheduling your business activities around your family's precious moments.


Establish the importance of setting personal boundaries for a healthier work-life balance.


Define your own personal work-life balance and take steps to achieve it.



Life can change. We have seasons, right? So our seasons are going to look different. And we can't expect one season to always be the same. We have to leave room and grace for our lives and our businesses and things as they change. - Dawnette Palmore




Email Dawnette Palmore at yourmoneyonpurpose@gmail.com to share what work-life balance means to you and engage in a conversation about it.








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Support this podcast: https://podcasters.spotify.com/pod/show/dawnettepalmore/support

Do you want to achieve fearless pursuit in your entrepreneurial journey? Ever wondered how to overcome challenges and seize opportunities like a pro? Well, I've got the solution for you. Join me as I share the inspiring story of Joyce Bryant's entrepreneurial evolution from a radio show host to a published children's book author. Get ready to learn how implementing her strategies can lead to your own fearless pursuit. Stay tuned!

My special guest is Joyce Bryant

Meet Joyce Bryant, a trailblazing entrepreneur and influential figure in the digital media landscape. Joyce's remarkable journey, from launching a radio show in Chicago to evolving it into a flourishing digital platform, is a testament to her tenacity and vision. Her commitment to women's empowerment and community engagement has been a driving force behind her accomplishments, including the recent publication of her inspiring children's book. With a wealth of experience in navigating the transition from traditional radio to the dynamic world of digital media, Joyce offers invaluable insights for aspiring entrepreneurs. Her story is a testament to the boundless possibilities that unfold when one fearlessly pursues their dreams and embraces change.

Everything is attainable in this one lifetime. We get nothing is impossible to me. - Joyce Bryant

In this episode, you will be able to:


Gain insights into starting a successful radio show journey from scratch.


Discover entrepreneurial bartering strategies to grow your business without huge financial investments.


Uncover the power of women empowerment through digital media and how it can impact your entrepreneurial journey.


Learn the art of transitioning from radio to a digital platform for broader audience reach and engagement.


Explore the journey of publishing a captivating children's book story and the lessons learned along the way.



Entrepreneurial bartering strategies1. Leveraging skills and creativity to barter for opportunities can lead to exponential growth and success in entrepreneurship. 2. Joyce Bryant's experience of negotiating a marketing deal in exchange for hosting a radio show demonstrates the value of creative bartering to kickstart a career. 3. Building a team of over 30 interns without paying them a dime at Ju Chicago showcases the importance of leveraging resources effectively in entrepreneurial endeavors.

The resources mentioned in this episode are:


Connect with Joyce Bryant on Instagram at @joyceejay_ for inquiries about branding, public relations, or her children's book.


Direct message Joyce Bryant through The Juice Chicago Instagram page for business inquiries or collaborations.


Email Joyce Bryant at joycebryant516@mail.com for professional inquiries, including branding, public relations, or media opportunities.


Purchase Joyce Bryant's children's book, I Want to Be the Best I Can Be, available on Amazon, for an inspiring story encouraging children to strive for their best.


Follow The Juice Chicago on social media for news, media, and global updates, and to stay connected with Joyce Bryant's digital media platform.








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Support this podcast: https://podcasters.spotify.com/pod/show/dawnettepalmore/support