Incite Tax with Founder and CEO John Briggs

Описание: Founder of Incite Tax and the author of Profit First For Microgyms (https://www.amazon.com/Profit-First-M...) , 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 (https://www.amazon.com/Profit-First-M...) by John Briggs


Incite Tax Home Page (https://incitetax.com/)


Incite Tax on Facebook (  / incitetax  )


Incite Tax on Instagram (  / incitetax  )