Cash Flow with Pam Prior

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S5E4: Hazy Nosh IPA | What’s up with the stock market? | Setting up your financial books for success Aug 13, 2024

Show notes

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week Pam and Francis team up to break down the essentials—setting up bank accounts, handling taxes, and picking the right payment processors. Pam grabs a Hazy Nosh IPA and breaks down updates with the financial markets, stressing the value of long-term investing.
So grab a cold one, tune in, and learn how to kickstart without stumbling over money matters. This is your playbook to staying ahead in the financial game.
5 Key Lessons:
1. When starting a business partnership, set up separate checking and savings accounts to manage finances effectively.
2. Plan for taxes by setting aside 12-18% of revenue in a dedicated savings account.
3. Choose a payment processor like Stripe for ease of use and integration with accounting software like QuickBooks.
4. Keep detailed records of expenses and receipts for tax purposes, especially for expenses over $75.
5. Focus on long-term investing and avoid panic during short-term market fluctuations.
📰 On this week's What's News:
https://www.coindesk.com/markets/2024/08/05/first-mover-americas-bitcoin-crashes-to-50k-as-perfect-storm-hits-crypto-market/amp/
Today's Brew🍺: Uinta Brewing Co. Hazy Nosh IPA
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Founded in 1993 in Salt Lake City, Uinta Brewing Company has earned a reputation for crafting award-winning, approachable beers across a variety of styles. Named after the only east-west oriented mountain range in the continental U.S., Uinta has always followed its own path. As Utah’s first brewery powered by renewable energy in 2001, Uinta remains dedicated to brewing innovation and environmental responsibility.
🍻 Learn more about Uinta Brewing Company: https://www.uintabrewing.com/

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Learn more about Pam at: https://www.PamPrior.com
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Produced by Francis Plata & Forward Press Media: www.forwardpressmedia.com

S5E3: Aristaeus Brewing Big Oak Bend | Avoiding Payroll Tax Fraud | Hiring for Success Aug 06, 2024

Show notes

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
Join Pam Prior and Francis Plata as we dive into team building and hiring. We'll share tips on finding top talent, focusing on work ethic, dedication, and culture fit. Learn how to nurture growth, foster collaboration, and build a high-performance team. Plus, we'll cover Fiverr updates and break down payroll tax fraud, showing you how to stay out of trouble.
Don't miss out! Like, share, comment, and subscribe to our channel for more on entrepreneurship and leadership.
5 Key Lessons:
1. When hiring, prioritize work ethic, dedication, and culture fit over just entrepreneurial mindset or experience.
2. Use situational questions during interviews and trust your gut feeling when making hiring decisions.
3. Provide opportunities for growth and development to retain high-performing team members.
4. Address performance issues promptly and hold team members accountable to maintain high standards.
5. Invest in nurturing your team members, even if it means they may eventually seek new opportunities outside your company.
📰 On this week's What's News:
https://smallbiztrends.com/fiverr-transforms-into-hiring-platform-with-2024-summer-product-release/
https://smallbiztrends.com/former-tech-ceo-pleads-guilty-to-14m-payroll-tax-fraud/
Today's Brew🍺: Aristaeus Brewing Co. Big Oak Bend Rye Saison
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Aristaeus Craft Brewing Co. is an open-concept nano-brewery in Langhorne, PA. Their taproom features indoor and outdoor seating with 12 taps that serve a variety of true-to-style beers and hand-crafted nitro cold brew coffees, as well as wine, hard seltzers, and specialty cocktails.
🍻 Learn more about Aristaeus Brewing Company: https://www.aristaeusbrewing.com/

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S5E2: Know Your Map with Michael Roderick - From Broadway to Business Jul 30, 2024

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This week, Pam and special guest Michael Roderick discuss the importance of transparency, asking for help, and engaging others' creativity to unlock new opportunities and overcome challenges. Michael shares his journey from Broadway producer to consultant and the development of his unique approach to networking, which focuses on making people feel useful rather than used.
✅ 5 Key Lessons:
1. Don't be afraid to ask for help and broaden the question to engage others' creativity.
2. Focus on making people feel useful rather than used when networking.
3. Build a web of connections where everyone benefits, rather than climbing a ladder.
4. Be transparent about your challenges to receive the support you need.
5. Avoid becoming "connection rich and cash poor" by being strategic in your networking efforts.
✨ Check out Michael's Referability Rater:
http://www.myreferabilityrater.com/
🎩 Connect with Michael:
Facebook: https://www.facebook.com/mike.roderick.940
LinkedIn: https://www.linkedin.com/in/michael-roderick-1161571/

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S5E1: Sierra Nevada Dank Little Thing | Smart Financial Planning | Business Banking 101 Jul 23, 2024

Show notes

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week, Pam and guest Francis Plata discuss "upside down budgeting." Pam explains reverse-engineering business revenue to meet personal financial needs, using wedding savings as an example, and emphasizes keeping personal and business finances separate. She also advises Francis on calculating marginal tax rates and saving for taxes.

They offer tips for starting and managing a business, including opening a separate business account and comparing banking options. Pam also covers news topics like the Summer Olympics, IRS regulations, and cybersecurity.

5 Key Lessons:
1. Pam explains how personal financial goals, such as saving for a wedding, can dictate business income targets.
2. Open a separate business account to distinguish between personal and business expenses, simplifying tax filing and enhancing clarity.
3. Calculate your marginal tax rate and save accordingly to avoid year-end tax surprises, even if you're running a side gig.
4. Consider the benefits of having a local bank relationship versus the convenience and interest rates of online banks like Relay, Sofi, Ally, and Betterment.
5. Create a business budget driven by your financial goals, meticulously track expenses, and plan for future sustainability.
📰 On this week's What's News:
1. Summer Olympics Gambling
2. IRS Updates
3. https://ezcyber.solutions/free-training
Check out EZIT For Your Cyber Security Needs: https://ezit.solutions/
Today's Brew🍺: Sierra Nevada Brewing Co. Dank Little Thing I.P.A
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Ken Grossman, founder of Sierra Nevada, began his journey with backyard tinkering and covert science projects, leading to his discovery of homebrewing. He opened The Home Brew Shop in Chico and experimented with hop-forward flavors, scavenging salvage yards to hand-build Sierra Nevada’s original brewhouse.
🍻 Learn more about the Brewery: https://sierranevada.com/

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S4E20: Armed Forces Brewing Co. Double IPA | Job’s Evolving due to A.I | Entrepreneurial Patience Jul 16, 2024

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Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
Today we're diving into some juicy topics that'll keep you on your toes. First, we taste a brew from Armed Forces Brewing Company. Next, we're getting into the nitty-gritty of AI's impact on finance jobs, breaking down a study on how AI is shaking things up in the finance world. Finally, we talk about why being patient is key to growing or selling your business.
5 Key Lessons:
1. Support & Appreciation: Armed Forces Brewing Company’s commitment to military veterans through their nationwide distributed IPA aligns with values that support our service members.
2. Understanding AI's Role: AI will significantly impact finance jobs by automating routine tasks, thereby allowing finance professionals to focus on more strategic activities.
3. Human Element in AI: While AI can handle data input & research, human oversight is essential for quality control, preventing AI-generated errors or 'hallucinations.'
4. Value through Financial Systems: Accurate, reliable, & timely financial reporting substantially increases the value of a business, which is paramount for potential buyer confidence.
5. Strategic Patience: Entrepreneurs must be patient & thorough in developing financial systems, ensuring they can back up their business valuations with solid data and processes.
This week's What's News: https://www.msn.com/en-us/money/other/finance-jobs-will-be-changed-the-most-by-ai-report-says/ar-BB1oFbxt?ocid=BingNewsVerp
Today's Brew🍺: Armed Forced Brewing Company, Grunt Double I.P.A
🍻 The P.B.K.P.I (Pam's Beer KPI) Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
This week's tasting word:
Isohumulane - chemical compounds that contribute to the bitter taste of beer and are in the class of compounds known as iso-alpha acids.
About the Brewery:
Armed Forces Brewing Company is a craft brewery dedicated to honoring the American Military, both active duty and veterans. Their team includes an award-winning brewmaster, restaurant and hospitality veterans, and one of the most famous U.S. Navy SEALs. Their beers are available in select states and online in 36 states, with plans for national and global distribution. They aim to mass scale and have approvals for distribution in Military Exchange stores, H-E-B, Winn-Dixie, Walmart, and Sam’s Club by 2023.
🍻 Learn more about Armed Forces Brewing Company: https://armedforcesbrewingco.com/

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S4E19: Bitchin’ Kitten, German Rex | Coinbase & Stripe Teaming Up | Why Banks Won’t Lend You Money Jul 09, 2024

Show notes

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
This week, we cover best practices for borrowing money as an entrepreneur. Learn how historical financial statements, solid forecasts, and a strong credit score can enhance your borrowing strategy. We also review Bitchin Kitten Brewery’s German Rex and discuss how Coinbase’s partnership with Stripe is changing Bitcoin and Ethereum transactions. Don’t forget to like, share, and subscribe for more business finance tips, and join our Cash Flow Podcast club for more awesome content!
📰 This week's What's News: https://www.msn.com/en-us/money/companies/coinbase-and-stripe-team-up-to-bring-the-world-on-chain/ar-BB1p5pVF?ocid=BingNewsVerp
Today's Brew🍺: Bitchin' Kitten Brewery, German Rex
🍻 The P.B.K.P.I (Pam's Beer KPI)Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
The idea for Bitchin’ Kitten has been fermenting in the minds of Michael and Brigitte Crosson for decades. Michael, a beer lover, and Brigitte, a cat advocate, found inspiration in Brigitte’s cat, Shadow, who earned the “bitchin’ kitten” nickname after an amusing encounter with a White Russian cocktail. This incident inspired the name for Michael’s homebrews. In 2019, Michael’s Bitchin’ Kitten beer won second place in a Craft Brewers competition, prompting the couple to pursue their dream. With refined recipes and perfect timing, they brought Bitchin’ Kitten Brewery to life, crafting delicious beers with a touch of feline inspiration.
🍻 Learn more about Bitchin' Kitten Brewing Company: https://bitchinkitten.com/

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S4E18: Geary Brewing Co. Riverside IPA | Professional Development with AI | Importance of EQ in Finance Jul 02, 2024

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Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.
In this episode, we explore how emotional intelligence (EQ) can transform client relationships and boost your business. Learn key client insights, effective questioning, and listening techniques. I also share a four-step approach to becoming a thought leader using AI tools like Chat GPT for professional development. And lastly don’t miss our review of Geary Brewing Company's Riverside American IPA.
📰 On this week's What's News: https://almosttimely.substack.com/p/almost-timely-news-how-to-use-generative
👉 Interested in our guide on how to use A.I for Professional Development? 💬 Comment "Grow with A.I"!!
Today's Brew🍺: Geary Brewing Co. Riverside I.P.A
🍻 The P.B.K.P.I (Pam's Beer KPI)Scale ⚖️:
1. Pam's Not Touching It
2. It's Sippable
3. I'd Drink it Again if You Gave it to me
4. I'll Order it if it's on the Menu
5. I'll Seek it out
About the Brewery:
Geary Brewing Company, established in 1983 in Portland, is New England's first craft brewery of the post-prohibition era, holding federal craft brewing license #13. Pioneering the craft beer movement with its flagship Geary's Pale Ale in 1986, the brewery offers a diverse range of heritage and contemporary beers, brewed in both open and closed fermentations.
Guests can enjoy hazy IPAs, porters, stouts, sours, and even gluten-removed options in the renovated tasting room or beer garden, with chances to catch a local food truck or live band event. The brewery also features 1820 Brewing Company’s non-alcoholic brews and a house-made root beer.
🍻 Learn more about Geary Brewing Company: https://www.gearybrewing.com/

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S4E17: Cape May White Ale | Grants for Women in Business | Branding for Finance Professionals Jun 25, 2024

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Hey there, fellow hustlers and go-getters! Get ready to dive deep with Pam as she sips on a crisp Belgian white from Cape May Brewing Company. This episode is all about leveling up your game in business finance communication. But wait, there's more! Pam spills the beans on the latest SBA grants for women entrepreneurs – a must-know if you're in the biz.
Pam’s got the magic formula for standing out in finance: blend your personal values and personality with client relations. Whether you’re aiming to polish your financial skills or inject some serious mojo into your brand, this episode is packed with gems you don’t want to miss.
So, grab your favorite brew, settle in, and join Pam for top-notch advice and spirited chats. This is a goldmine for entrepreneurs, finance pros, and beer lovers alike. Don’t miss out – tune in and transform your approach today!
✅ 5 Key Lessons:

Adapt Your Communication Style: Tailor your communication to meet the needs and styles of your clients to ensure effective and enjoyable interactions. Understand their triggers and adapt accordingly.
Finance is Fun: Engage with financial aspects of your business positively. Transforming financial management into a fun and engaging activity can foster better relationships and outcomes.
Understand Momentum: Sync with your client's momentum and pacing. Don’t impose your speed or methods; instead, adapt to match their workflow for smoother cooperation.
Define Your Brand Uniquely: Identify your values and triggers. Craft a brand that aligns with your strengths and resonates with your ideal clients.
Respect Mutual Expertise: Maintain respect for your own financial expertise as well as the entrepreneurial drive of your clients. This ensures a balanced, productive working relationship.

📰 On this week's What's News: https://finance.yahoo.com/news/sba-announces-30-million-grant-123000510.html?guccounter=1
Today's Brew🍺: Cape May Brewing Company, Cape May White
About the Brewery:
Back in 2011, Cape May Brewing Co. shook up the scene, putting New Jersey on the craft beer map. Today, they're a big name in the craft brewing world, known for top-notch brews.

They started small, delivering their first keg to a local beach bar. Now, their beers are served in hundreds of spots across New Jersey, Delaware, and Pennsylvania. Their journey has made them a beloved name with consistently great brews.

Visit their spacious Tasting Room or the dog-friendly outdoor Beer Garden, open year-round. Enjoy a self-guided tour to learn more while you savor a pint or a flight.

🍻 Learn more about Cape May Brewing Company: https://capemaybrewery.com/

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S4E16: Designing a Life You Love | Know Your Map with Dave Lubelczyk Jun 18, 2024

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Alright, listen up! This week, we’re hanging out with the amazing Dave L, the guy who ditched the corporate grind to become a "corporate escape artist." Dave’s got this knack for coaching folks to carve out their daily plans and really think about what they want.

In this episode, he spills the beans on his own wild journey and drops some serious wisdom on living life on your terms. Dave and Pam chat about why it’s so important to be true to yourself and how to build a life that matches your goals. They talk self-awareness, taking small but mighty steps, and how seeing things from different angles can be a game-changer.

Whether you’re running your own show, climbing the corporate ladder, or just looking for more joy in life, this episode’s packed with tips to help you design a life and workspace that scream freedom and success. Don’t miss it!

✨5 Key Takeaways:

Authenticity in Branding: Dave shares the story behind his distinctive top hat and personal brand, emphasizing the power of authenticity in creating a memorable and true-to-self identity.
Question Societal Norms: Both Dave and Pam critique societal expectations and structures that often lead people to question their life's direction, advocating for self-designed life paths instead.
Incremental Progress: The importance of small, consistent actions towards goals is highlighted, using examples like learning to play the guitar to illustrate entrepreneurial growth.
Diverse Support Systems: Dave underlines the benefits of being part of a diverse mastermind group, which offers multiple layers of support and various perspectives, enhancing personal and business growth.
Balanced Success: The conversation challenges the notion that income is the sole measure of success, stressing the need for balance, self-awareness, and freedom to prevent businesses from becoming burdensome.

✨ Work with Dave:

💻 Dave's Website: TheDreamCatapult.com

☎️ HALF PRICE Liberation Launchpad Call Usually ($500): LiveOutYourDreams.com

📕 Dave's Free Guide: DreamlifeHandbook.com

🎩 Connect with Dave:

Facebook: https://www.facebook.com/TheDreamCatapult

Instagram: https://www.instagram.com/thedreamcatapult/

Threads: https://www.threads.net/@thedreamcatapult

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S4E15: Victory Brewing Co. Summer Love | Bark Air: First Class for Your Dog? | Business Triage Jun 11, 2024

Show notes

Disclaimer: The information in this video does not constitute Financial Advice. Consult with a Financial Advisor before making any decisions regarding your finances.

Pam dives deep into three intriguing topics: a refreshing summer beer from Victory Brewing Company, a revolutionary airline for dogs called Bark Air, & essential strategies for entrepreneurs to keep their businesses running smoothly while pursuing long-term goals. From enjoying a perfect summer ale to discovering how Bark Air aims to make pet travel comfortable, to practical advice on "fixing the plane while flying it," this episode is packed with valuable insights for business owners.

✅ 5 Key Lessons:

Choosing the Right Beer: Victory Brewing Company’s Summer Love Golden Ale is a light, crisp Pilsner that’s perfect for summer. Pam gives an honest review and rates it on her PBKPI scale.
Pet-Friendly Travel: Bark Air is revolutionizing air travel for dogs, ensuring they experience comfort and safety. Their marketing and business model offer great insights.
Long-Term Business Planning: Entrepreneurs must often juggle daily operations while keeping an eye on long-term goals.
Project Management for Business Owners: Practical tips for keeping track of major project milestones without getting bogged down in minutiae.
Adapting to Market Conditions: Strategies to manage the squeeze between rising operational costs and customer price sensitivity.

📰 This week's What's News: https://www.morningbrew.com/brew-markets/issues/bark-air-takes-off

Today's Brew🍺: Summer Love, Victory Brewing Company

About the Brewery: Victory Brewing Company was founded by childhood friends Bill Covaleski & Ron Barchet in 1996 in Downingtown, PA. Starting with their love for quality beer, they built Victory on a foundation of traditional brewing techniques and a community-focused ethos. Today, Victory is known for its diverse and award-winning beers like Golden Monkey & Prima Pils, & its commitment to community through the Brotherly Love Community Fund.

🍻 Learn more about Victory Brewing Company: https://victorybeer.com/

Order My Best Selling Book, "Founder to Exit: A CFO's Blueprint for Small Business Owners" on Amazon: https://www.amazon.com/Founder-Exit-Blueprint-Business-Owners-ebook/dp/B0D2BTYXYL/ref=cm_cr_arp_d_bdcrb_top?ie=UTF8

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