The Inside Story on Franchising

Latest Episodes:

Kirsha Campbell: The X, Y & Z of Tax Accounting in Today's Business World EP 17 Mar 10, 2021

Show notes

Kirsha Campbell, CPA, CMA is known as the Cash Flow Maven! She knows how to integrate all the moving parts in your business to set up the right foundation to be recession-proof, operate with reduced financial risk, and increase cash flow. She knows how business owners have made innocent mistakes that lead to long-term consequences.

She helps business owners overcome the stress and frustrations in running the back-end of their business. In our very informative discussion, we talked about:

· Understanding what cash flow really means.

· Categorize spending correctly at the beginning, or face severe consequences.

· Record transactions properly or incorrect transactions may lead to lifetime IRS consequences.

· Choosing your own accounting software (not the franchisor’s).

· Accounting add-on tools-cash flow forecasting, cash flow management, trends, analysis and KPIs.

· Profits-percentage expectations.

· Start tax planning early with a strategy.

Kirsha couldn’t stress enough how important it is to set up foundations correctly in the initial business set up to avoid long-term problems. I hope you’ll take her invaluable advice.

Please let me know your thoughts!

Connect with Kirsha Campbell:

Website:www.thecashlab.ca.

Facebook: https://www.facebook.com/kirsha.campbell

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

LinkedIn: https://www.linkedin.com/in/kirsha-campbell-cpa-cma-cashflow-maven-on-demand-cfo-7a315792/?originalSubdomain=ca

Connect with Ricardo Matos

Website: https://srsfranchise.com/

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Jonathan Sparks: Get your Business Moving Forward-The Strategic Steps EP 016 Mar 03, 2021

Show notes

Jonathan Sparks, Founder of Sparks Law, is a business attorney and has worked with hundreds of franchisees, and even advised business owners on starting their own franchises.

Jonathan works in Business Law and helps small businesses with trademarks, business formation, copyright, and other various business related laws. Prior to founding Sparks Law, Jonathan worked at the United States Department of Justice.

Sparks Law has helped over 4,000 clients. In our conversation, we address some common concerns entrepreneurs need help with, along with changes required because of our challenging environment. We discussed:

· How a lawyer can help your business.

· Working with vendors and payment plans.

· Negotiating leases, especially during the pandemic.

· The importance of portfolio diversification.

Coming from a family business, Jonathan is really passionate about helping entrepreneurs. I hope you benefit from our discussion.

Connect with Jonathan Sparks:

Website: https://sparkslawpractice.com/

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

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

Twitter: https://twitter.com/mysparkslaw

LinkedIn: https://www.linkedin.com/company/sparkslaw

YouTube: https://www.youtube.com/channel/UCLkyirji7hkBq4u4szb5DOQ

Connect with Ricardo Matos

Website: https://srsfranchise.com/

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Barry Moltz: Taking Small Business to the Next Level of Profitability EP 015 Feb 24, 2021

Show notes

As a small business expert, Barry Moltz gets owners growing again by unlocking their long forgotten potential. With decades of entrepreneurial experience in his own business ventures and consulting countless other entrepreneurs, Barry has discovered the formula to get stuck business owners unstuck and marching forward. As a small business expert, Barry applies simple, strategic steps to facilitate change.

Barry’s strategies and formulas set the groundwork for success. In our conversation we covered a variety of topics, especially understanding how businesses have had to make pivots because of challenging times. We discussed:

· Understanding the difference between revenue, net profit, and cash flow.

· Concentrating on time and productivity.

· For a business to grow, it needs set processes.

· The importance of consistency in marketing.

· Controlling your return on investment.

I hope you learn from Barry’s first-hand experiences and expertise. Please let me know your thoughts!

Connect with Barry:

Website:https://barrymoltz.com/

Twitter: @barrymoltz

Book on Amazon: Small Business Hacks: 100 Shortcuts to Your Success, with Rieva Lesonsky

Connect with Ricardo Matos

Website:https://srsfranchise.com/

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Dan Nicholson: Creating a Roadmap for Financial Certainty EP 014 Feb 17, 2021

Show notes

Every business owner, large or small, wants to pay less tax. Dan Nicholson, owner of Nth Degree CPAs, takes his experience of working with a top global CPA firm and completing a fellowship with Government Accounting Standards to do just that. For the fourth time, Dan was named a global winner of accountants 40 under 40. And Nth degree won an award for being one the best run midsize firms in the U.S.

In our conversation, Dan shares how he helps clients attain financial certainty. In other words, how to create a roadmap which is a business plan for reaching financial goals.

Dan also shared:

· The premise of what financial certainty means.

· Tax strategies including use of the real estate professional status.

· The research that led to the development of the Certainty app.

· How the app measures cash-flow and assets to financial goals and targets.

I hope you enjoy our conversation. Please let me know your thoughts!

Connect with Dan Nicholson, Owner, Nth Degree CPAs

Certaintyapp.com

Rigging the Game Podcast

Book on Amazon:

Rigging the Game, the Four Commandments of Financial Certainty, Dan Nicholson

Connect with Ricardo Matos

Website: https://srsfranchise.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Charles Read: Accounting Strategies During The Pandemic EP 013 Feb 10, 2021

Show notes

Charles Read is Certified Public Accountant, United States Tax Court Practitioner, GetPayroll Inc. founder, and member of the Internal Revenue Service Advisory Council. With 50 years of experience, Charles knows first-hand how to avoid the heavy hand of the IRS.

In our conversation, Charles shares valuable and timely information that all small size businesses need to know, including:

· Why you must follow the rules to register employees and independent contractors.

· Know that your State will audit you.

· Understanding the PPP loan forgiveness program.

· Disaster recovery loans.

· The need for an employee handbook.

Charles has a new book, The Payroll Book: A Guide for Small Businesses and Startups. It’s filled with 30 years of wisdom that’s easy to read and filled with case studies.

If you have a small business, take a listen. Please let me know your thoughts!

Connect with Charles Read:

Website: http://www.getpayroll.com/

Linkedin.com/in/ charles-j-read-cpa facebook.com/GetPayroll

Twitter.com/getpayroll bit.ly/2PIZR4j

Instagram.com/getpayroll

Connect with Ricardo Matos:

Website: https://srsfranchise.com/

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Michael Einbinder: The Ins and Outs of Franchise Legality Insights EP 012 Feb 03, 2021

Show notes

There’s good reason that Michael Einbinder is among the top franchise lawyers listed in the Franchise Times since 2004. Michael is a founding member of Einbinder & Dunn. He represents start-ups, emerging and established franchisors, single-unit and multi-unit franchisees, and private equity investors in franchise transactions.

In our conversation Michael gives advice for both franchisee and franchisors in all areas of their business, including:

· Assisting with the development of the franchise system.

· Creating and updating the FDD and related agreements in response to legal and business trends.

closing single-unit, multi-unit and master franchise sales.

· Providing franchise sales compliance training.

· Advising franchisors on regulatory issues.

· Corporate structuring, governing documents, trademark registrations and mergers & acquisitions of independent and/or franchised systems.

Our conversation was in-depth, addressing an entire range of topics, including helping businesses during the pandemic. I know you’ll listen to this episode again and again.

Please let me know your thoughts and feel free to contact Michael directly.

Connect with Michael Einbinder

Website: ed-lawfirm.com

Email: me@ed-lawfirm.com

Connect with Ricardo Matos

Website: https://srsfranchise.com/

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Elizabeth Berrocal: How to Achieve a Work-Life Balance When Owning a Business or a Franchise EP 010 Jan 20, 2021

Show notes

The state of the world is presenting challenges to all of us right now, no matter what type of business we’re in. Those challenges are not only in the workplace, but they carry over into our personal and home life. My guest, Elizabeth Berrocal, is a mental health expert and the owner of the Center for Women and Family in San Antonio, Texas.

She is an EMDR therapist and specializes in working with people who need to desensitize stuck traumas.

In our conversation we discuss:

· How finding purpose and a meaning to pain leads to personal growth.

· The path to mental wellness incorporates an integrative and holistic approach.

· What is self-care and its importance in mental health.

· The importance of small, consistent steps to stay in the path to good mental health.

· Breath work and meditation.

I know you will benefit from our conversation, especially since the way we work and live continues to change.

And be sure to listen to Elizabeth’s new podcast called the Power of Pain. It’s about using pain to our advantage, plus a variety of mental health topics for both men and women.

Connect with Elizabeth Berrocal

Website: www.centerforwomenandfamily.com

Podcast: Power of Pain

Connect with Ricardo Matos

Website: https://srsfranchise.com/

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Andrew Cox: A Non-Surgical Medical Weight loss Franchise Is Changing The Industry For Better Results EP 009 Jan 13, 2021

Show notes

Physician-supervised franchise Medi-Weightloss has helped over 300,000 plus patients lose over seven-million pounds! This company has a solid record of supporting its members with medical knowledge and software technology. The business is exploding, especially helping people who have struggled with weight-gain during the COVID pandemic.

My guest today is Andrew Cox, Partner and Senior Vice President of Business Development at Medi-Weightloss. He is also the Senior Vice President of Physician’s Health Management, LLC in Tampa, Florida.

Andrew gave a very thorough background into the company’s success and how it supports franchise owners, including:

· Offering each franchisee, a dedicate support specialist.

· A state-of-the-art EMR electronic medical record system – a $12-million investment.

· The mandates and variables in each state for medical support teams.

· A natural approach to weight loss and patient support.

· The medical support and testing for onboarding a patient.

· Telehealth demand and support.

· Onboarding and franchisee application process.

With only being open 30 to 40 hours a week, an average location is producing close to $900,000 in annual revenue.

I’m excited for the growth and success of this company. I hope you enjoy our conversation!

Connect with Andrew Cox

Websites:

www.mediweightloss.com

www.mediweightlossfranchising.com

Social Links

https://www.facebook.com/1.877.MED.LOSS

https://twitter.com/mediweightloss

https://www.instagram.com/theonethatworks/

https://www.youtube.com/user/mediweightloss

Connect with Ricardo Matos

Website: https://srsfranchise.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Swartz: The Right Exit Plan Strategy That Protects Your Capital Gains Tax Deferral EP 008 Jan 06, 2021

Show notes

Brett Swartzis the Founder of Capital Gains Tax Solutions and host of the Capital Gains Tax Solutions podcast. Each year, he equips hundreds of business professionals with the Deferred Sales Trust tool to help their high net worth clients solve capital gains tax deferral limitations.

He is passionate about educating people in Capital Gains Tax Deferral with a Deferred Sales Trust, how to divest from a business or real estate, and gain freedom from feeling hostage to a 1031 exchange, then invest back in to a new business venture or investment real estate at any time, called optimal timing.

His experience includes numerous Deferred Sales Trusts, Delaware Statutory Trusts, 1031 exchanges and $88,000,000 in closed commercial real estate brokerage transactions. He’s an active commercial real estate broker and investor with brokerage experience and ownership in many types of real estate. He is a licensed California Real Estate Broker.

Here are some details in what we discussed in the episode:

How Brett got to know what real estate clients need early in his career
How he applied this strategy and started coaching others on how to use a Deferred Sales Trust
Why a Deferred Sales Trust is the “new way to do things” and how it can help you finance whatever it is you need
How to save on your tax bill at the end of the year

I hope you will find this podcast as fascinating as I have. Brett has made waves in financing and teaching about the Deferred Sales Trust.

Please let me know your thoughts!

Connect with Brett Swartz

Capital Gains Tax Solutions Website

Capital Gains Tax Solutions Facebook Page

Brett Swarts Linkedin

Linkedin Business page: https://www.linkedin.com/company/19201493/

Capital Gains Tax Solutions BiggerPockets Page

Capital Gains Tax Solutions Youtube Page

Twitter: https://twitter.com/1031option

Facebook: https://www.facebook.com/brett.swarts

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

Instagram business page: https://www.instagram.com/deferredsalestrust/

https://www.facebook.com/capitalgainstaxsolutions/

https://www.youtube.com/channel/UCAykQNmIWZ0KARBeVWcQxUA

https://www.biggerpockets.com/users/BrettSwarts

https://www.instagram.com/deferredsalestrust/

https://www.linkedin.com/in/brett-swarts/

https://twitter.com/1031option

www.capitalgainstaxsolutions.com

Connect with Ricardo Matos

Website: https://srsfranchise.com/

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Candice Kingston: How Leadership Coaching Will Change Our Mindset To Grow Any Business Franchise EP 007 Dec 30, 2020

Show notes

Candice Kingston works with small business owners and high-level professionals to help them grow personally and professionally. She uses Energetic Leadership Coaching techniques to help uncover roadblocks that may be holding them back from reaching their true potential and creating a life and business they love.

She spent 12 years in corporate working in health insurance. Through the help of coaching, she discovered a place where she finally felt like she could make an impact and help others. She works with those suffering from a lack of confidence and self-awareness.

Here are some details in what we discussed in the episode:

The energy of a business owner – how do they feel about what they bring to their job?
How important it is for a leader to be in touch with how they communicate with their staff
Why delegating is a key factor to keeping yourself sane and therefore running an effective business
How to keep your eyes on your goals, even when something big throw them off, such as the COVID-19 pandemic

I hope you will find this podcast as fascinating as I have. Candice has valuable experience working with business owners and keeping them focused on being effective leaders.

Please let me know your thoughts!

Connect with Candice Kingston:

Website: www.kingstoncoaching.com

Free Mission Statement Maker: bit.ly/MakeYourMission

LinkedIN: https://www.linkedin.com/in/kingstoncandice/

Connect with Ricardo Matos

Website: https://srsfranchise.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices