Build to Enough
226 episodes - English - Latest episode: 5 days ago - ★★★★★ - 39 ratingsLittle Fish Accounting presents Build To Enough. The pursuit of endless growth and scaling can leave entrepreneurs feeling burned out and unfulfilled. This podcast explores how to build sustainable, purpose-driven businesses that align with your lifestyle and values, rather than defined by rapid expansion alone. On this show, we’ll reframe definitions of success, provide strategies for structuring companies around desired lifestyles, and share stories of entrepreneurs finding deeper fulfillment by focusing on “enough.” Join us as we discuss moving off the hamster wheel and building businesses with balance and meaning.
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Episodes
How to Prepare for Taxes and Reframing the Way You Think About Them
October 12, 2022 04:00 - 8 minutes - 7.38 MBIn today’s episode, we’re discussing taxes. More specifically, we’re reframing your beliefs around taxes by helping you understand why taxes are funds that never belonged to you. If you listened to last week’s episode all about having cash on hand, this episode will help you understand why taxes are different from your business cash and how you can better prepare your business to handle them when tax season approaches. From how to have better insight on your taxes to why you sho...
3 Benefits of Having Your Accounting and Tax Functions in One Place
October 05, 2022 04:00 - 7 minutes - 7.22 MBA lot of business owners tend to make a clear distinction between their bookkeeper, their accountant, and their tax person. However, it is extremely valuable to have all your accounting and tax functions in one place instead of spreading it across experts. This is why in today’s episode, I’m talking all about why small businesses can benefit from a more cohesive accounting and tax support. I share 3 benefits of having all your accounting and tax functions under one roof, from avoi...
How to Get Paid on a Timely Basis
September 28, 2022 04:00 - 8 minutes - 7.66 MBEverybody wants to get paid. No one starts a business just so they could avoid receiving money, or worse… chase up on payments constantly. In today’s episode, I’m talking you through everything you need to know in ordered to get paid on a timely basis. The tips I share in this episode are easy to follow and incredibly actionable. I share ways in which you can make receiving money very easy just by switching to electronic and online payments. Then, I discuss how you can prepare for...
Having Business Cash On Hand and Establishing Emergency Funds
September 21, 2022 04:00 - 8 minutes - 7.69 MBIn the previous episode of Fish Food, we discussed how important it is for your business to manage and account for cash flow. There will always be peaks and valleys in the seasons of running your small business, which is why in today’s episode, I want to share how you can establish a financial safety net through having business cash on hand and emergency funds. I share ways in which you can build a reserve of money available for your business so you can handle current operating ne...
Common Cash Flow Challenges and 5 Things to Focus On
September 14, 2022 04:00 - 8 minutes - 7.87 MBMaking enough income in just one side of the equation. Making enough income at the right moment so that you have the cash on hand to pay your team and vendors is another. However, the latter is key to keeping your company afloat. That is why in today’s episode, we’re talking about the most common cash flow challenges and what you can do about that. Most of the time, what you have isn’t a bill paying issue. Instead, not being able to categorize and do your bookkeeping is the culprit...
Optimizing Revenue with Competitive Pricing
September 07, 2022 04:00 - 7 minutes - 7.01 MBRaising prices for your services can feel scary, but it's often necessary as your business grows and evolves. But how do you if it's time to raise your prices? As your business grows and your costs increase, you may find that you need to raise your prices. This can be a scary proposition, but it's often necessary in order to keep your business afloat. By doing some research and understanding your options, you can make sure that you raise your prices in a way that won't hurt your bu...
Year-Round Support and Building Impactful Relationships with your Accountant
August 31, 2022 04:00 - 5 minutes - 4.83 MBBuilding a consistent and trusting relationship with your financial manager or accountant is a game-changer. In today’s short and sweet episode, I’m reframing how you think about your relationship with your bookkeeper, financial manager, or accountant. I discuss what we learned about our clients when we first started Little Fish Accounting and how we discovered that long-term, consistent education alleviates a lot of our client’s fears and uncertainties regarding their finances. T...
How to Review Your Financial Statements and Make Empowered Decisions
August 24, 2022 04:00 - 10 minutes - 9.88 MBKnowing how to review your financial statements is a crucial skill as a business owner. Not only will knowing how to read these numbers help you make empowered decisions, but it’ll help you plan for growth, check-in with your business, and maintain your financials as expected. In this episode, we’re discussing how to review your balance sheet and what you should be looking for from your average expenses each month and your accounts receivable line. Then we discuss reviewing your P ...
How to Level Up Your Financial Decisions Through Compliance and Advisory
August 17, 2022 04:00 - 13 minutes - 12.2 MBIf you’ve seen Little Fish Accounting out in the world or on the internet, you know how seriously we take compliance and advisory. Our entire firm is built and based around the idea that compliance and advisory make up the most important pieces of your financial strategy. But what does it mean? In today’s episode, I explain exactly what compliance and advisory mean individually while helping you understand why your business needs it. I share examples and instances of how compliance...
What is a Chart of Accounts?
August 10, 2022 04:00 - 11 minutes - 10.6 MBUnderstanding the different categories that make up your chart of accounts will help you make better and more informed financial decisions in your business. That is why in today’s episode, I’m defining what a chart of accounts is. More specifically, I’m breaking down the different categories you can expect to see on your chart of accounts. From the three main categories of your balance sheet and what each of them means to how to read and categorize your profit and loss statement. T...
Outsourcing Finance Functions
August 03, 2022 04:00 - 7 minutes - 7.03 MBHello, hello! Welcome back to Fish Food, the podcast for entrepreneurs that are building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less! Delegation is a skill any entrepreneur needs to have. While your business may be small, it can be overly ambitious to take on every task. Knowing who to delegate to and when to delegate is a critical element to ensure your business is firing on all cylinders and reaching its full pote...
Why Bookkeeping Isn’t Enough
July 27, 2022 04:00 - 8 minutes - 7.39 MBNavigating the world of finances is overwhelming, especially as an entrepreneur or freelancer. In today’s episode, I’m giving you some quick tips on what you need to know about bookkeeping, reviewing financial reports, and tax repair so that you can take better charge of your finances. Good bookkeeping is so much more than logging your income and expenses. At its core, it is the foundation of all your reports from which the financial strategy and goals for your business are built. ...
Do's & Don'ts of Cutting Costs
July 20, 2022 04:00 - 7 minutes - 7.22 MBWelcome back to another episode of Fish Food, the podcast for entrepreneurs building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less! Managing your expenses is a major part of life as an entrepreneur. Since you are the boss, the bottom line falls on you. Every financial decision you make plays a huge part in staying afloat. Understanding how to handle your revenue and expenses can make or break your business. Part of this involve...
Do's & Don'ts of Cutting Cost
July 20, 2022 04:00 - 7 minutes - 7.22 MBWelcome back to another episode of Fish Food, the podcast for entrepreneurs building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less! Managing your expenses is a major part of life as an entrepreneur. Since you are the boss, the bottom line falls on you. Every financial decision you make plays a huge part in staying afloat. Understanding how to handle your revenue and expenses can make or break your business. Part of thi...
Separating Business and Personal Expenses
July 13, 2022 04:00 - 8 minutes - 8.12 MBWelcome back to another episode of Fish Food, the podcast for entrepreneurs that are building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less! As a small business owner, it can be natural to use personal funds for business (and vice versa). Even though you are a small business, creating separate accounts for business and personal matters is critical to protecting yourself, your business, and any assets you have. Today,...
Charging For Time vs Experience
July 06, 2022 04:05 - 7 minutes - 10.7 MBAs an entrepreneur, your pricing strategy is a primary factor in determining the success of your business. Your time, level of expertise, and infrastructure make you more efficient at what you do and your prices should reflect that. On this episode, we discuss how charging for the experience is a way to optimize your earnings while also allowing you to serve your clients better. We love hearing from our listeners! How’d you like this episode? Visit us on Instagram and let us know v...
Planning for an Uncertain Future
June 29, 2022 14:41 - 7 minutes - 10.1 MBBeing an entrepreneur can be terrifying when the world is more uncertain than usual. There are so many rumors (and recent truths) about a new direction for our country and the citizens living in it, and it can be hard to believe in the future of our businesses and dreams when we are facing so much fear. But there are ways that we can better prepare ourselves for potential pivots or downturns so that we're not completely caught off guard. In today's episode, we're talking about how...
Little Fish Beginnings
June 22, 2022 12:34 - 20 minutes - 27.8 MBWe all have a "how it started / how it's going story", and Little Fish is no different. Beginning as a solopreneur, to a team of a couple of contractors, and now today, a team of FT and PT employees, we've had ups, downs, and in-betweens as we created then grew a different kind of CPA firm. In this episode, we talk about: How I thought I would get out of accounting as a career Stumbles when first hiring team members How our founding mission guides us today. If you've ever wonder...
You Can’t Avoid Hiring
June 14, 2022 22:00 - 7 minutes - 9.63 MBAs an entrepreneur, outsourcing is an important step that allows you to focus on growing and achieving your business goals. Think about how much time you could get back if you could offload some tasks off your plate. On this episode we discuss how not hiring could be holding you back and best practices to keep in mind as you look to expand your team. We love hearing from our listeners! How’d you like this episode? Visit us on Instagram and let us know via DM or send us an email at ...
The Money You're Waiting on Isn't Coming
June 01, 2022 11:00 - 6 minutes - 6.21 MBYou're low on funds but not worried because you’re expecting some outstanding invoices to come in soon. Once they pay, you’ll back in the black to cover your bills and make payroll. The problem is the client has already paid, so that money isn’t coming…. In this episode we walk through how to avoid this situation with proper bookkeeping, and why managing your accounts receivable accurately ensures for proper cash flow planning. Find us on the web www.littlefishaccounting.com In...
Why Bookkeeping is Important
May 12, 2022 04:00 - 6 minutes - 8.84 MBIs bookkeeping something that can be done by anyone or should it be left to the accounting professionals? Good bookkeeping helps business owners accurately track their company’s performance to make good, strategic decisions for their business. This means it’s important to get a good idea of your income and expenses to decide what’s next. For those who want to know the difference, check out our podcast titled What's The Difference Between an Accountant and a Bookkeeper? where we discuss ke...
Why is Bookkeeping Important
May 12, 2022 04:00 - 6 minutes - 5.9 MBIs bookkeeping something that can be done by anyone or should it be left to the accounting professionals? Good bookkeeping helps business owners accurately track their company’s performance to make good, strategic decisions for their business. This means it’s important to get a good idea of your income and expenses to decide what’s next. For those who want to know the difference, check out our podcast titled What's The Difference Between an Accountant and a Bookkeeper? where we d...
What's in Your Cloud?
April 22, 2022 16:22 - 6 minutes - 5.76 MB*Updated version! As your business grows, it is important to ensure that all transactions are being properly tracked. In fact, businesses that use cloud accounting systems have five times more customers than businesses that don’t. Cloud accounting is the best way to go when it comes to managing your business because it allows you to track financial activity occurring within your business accounts without the headache of doing it manually. If you want to start managing your money w...
S-Corp Election 201: What the Heck is an S Corp, Part II
April 14, 2022 20:05 - 5 minutes - 5.21 MBYou may have heard that filing as an S Corp is a great way to structure your business, or that you need to set up an S Corp because you want favorable tax treatment. Find out in this episode if that’s true for your business. For those who want to know when to start thinking about an S Corp and where to begin, check out our podcast titled 𝐖𝐡𝐚𝐭 𝐭𝐡𝐞 𝐡𝐞𝐜𝐤 𝐢𝐬 𝐚𝐧 𝐒 - 𝐂𝐨𝐫𝐩? where we discuss what to do if you’re interested and how it will affect your taxes at the end of the year. Find ou...
Myth Busting: Deductible Expenses
April 08, 2022 14:05 - 10 minutes - 9.21 MBLet’s talk about tax deductions. There is a lot of misinformation on the Internet that could have serious implications. Don’t worry, we’ve got you covered and will be discussing what qualifies as an approved expense to avoid conflict with the IRS. Need to know where to start? Our team has put together a free resource library to save you valuable time and energy in your business! Connect With Us Online - www.littlefishaccounting.com Instagram - @littlefishaccounting Facebook - ...
To Pay or Not to Pay: Managing Quarterly Tax Estimates
March 31, 2022 12:43 - 6 minutes - 5.65 MBAs an entrepreneur, it’s important to have a plan for your taxes year-round so you’re not surprised with a big bill at tax time. The key to avoiding surprises is to keep up with your bookkeeping and manage your quarterly tax payments. We love hearing from our listeners! How’d you like this episode? Visit us on Instagram and let us know via DM or send us an email at [email protected].
GROW: Going Beyond The Numbers
March 17, 2022 01:44 - 7 minutes - 6.41 MBIf you’re doing our job, who’s doing your job? This week we discuss what’s in store for your businesses once you reach a phase of growth. This may be the point that you decide to enlist professional help. Some questions you should be considering: * What does an S-Corp tax status look like for my business? * How am I tracking against my budget? * How do I make sure my business is growing efficiently? If you’re ready to offload your accounting and taxes, our Virtual CFO ser...
Moving Beyond DIY Accounting
March 04, 2022 03:31 - 8 minutes - 8.11 MBOnce your business becomes more established, you’re going to want to start transitioning from DIY for some accounting tasks to free up time for yourself. It can be challenging to identify what those tasks should be and when is the best time to make that change. In this episode Keila breaks down the attributes of businesses that fall into the ‘Build’ phase of the entrepreneur journey and what they should be paying attention to. We highly recommend transitioning to a cloud accounting software...
BUILD: Moving Beyond DIY Accounting
March 04, 2022 03:31 - 8 minutes - 8.12 MBOnce your business becomes more established, you’re going to want to start transitioning from DIY for some accounting tasks to free up time for yourself. It can be challenging to identify what those tasks should be and when is the best time to make that change. In this episode Keila breaks down the attributes of businesses that fall into the ‘Build’ phase of the entrepreneur journey and what they should be paying attention to. We highly recommend transitioning to a cloud accounting...
Getting Started - Establishing a Solid Foundation
February 24, 2022 03:30 - 6 minutes - 6.11 MBBeing a new entrepreneur can be scary and overwhelming, especially when it comes to tracking your business finances. But there are a few simple steps you can take to establish a solid accounting foundation which will make preparing for your tax filing a breeze. If you’re looking for guidance to ensure you are setting things up properly from the start, this episode is for you. Need more? Our team has put together a free resource library to save you valuable time and energy in your busines...
START: Establishing a Solid Foundation
February 24, 2022 03:30 - 6 minutes - 6.11 MBBeing a new entrepreneur can be scary and overwhelming, especially when it comes to tracking your business finances. But there are a few simple steps you can take to establish a solid accounting foundation which will make preparing for your tax filing a breeze. If you’re looking for guidance to ensure you are setting things up properly from the start, this episode is for you. Need more? Our team has put together a free resource library to save you valuable time and energy in you...
Start, Build, Grow
February 16, 2022 05:00 - 7 minutes - 6.89 MBIn this episode Keila breaks down changes we’ve made to the Little Fish Accounting business model to better serve entrepreneurs, including those who aren’t quite ready to sign up for service. Whether you’re just getting started, are working on actively building your business or are focusing on long-term growth, we’ve got something for everyone. Connect With Us Online - www.littlefishaccounting.com Instagram - @littlefishaccounting Facebook - @littlefishacctg
Little Fish Tax Prep Suite Service
October 20, 2021 14:31 - 2 minutes - 2.7 MBWe are working on new podcast content that will be releasing soon! In the meantime we prepared this bonus episode as an invitation for you to sign up for our Tax Prep Suite service. If you're struggling with keeping up with quarterly taxes and tax time causes you anxiety, this service is for you. We take care of all your tax needs throughout the year. We are accepting new clients through the end of the year but early bird pricing is only good through the end of October 2020 (a savin...
Legal Best Practices to Protect Your Business
March 19, 2021 03:20 - 46 minutes - 42.8 MBShe breaks down business entity types and what it takes to run each one in DC, and what benefits each one carries. As a pro bono service provider, Christine and her organization hold education at a high level. They want the people they serve to feel equipped to make informed decisions for their businesses. “Do everything right from the beginning, understand what you’re doing, and plan for when things go wrong” so that you’re setting yourself up for success from the beginning. Best...
When Art + Writing Collide: Staying Resume Ready with Tiffany Williams
January 29, 2021 03:00 - 27 minutes - 25.4 MBToday we sit down with friend of the show, and HR Heroine, Tiffany Williams, to talk about how she managed to marry her love for art and graphic design with her passion for writing. Tiffany is the Career Cultivation Enthusiast behind Pitch, a resume, ghost writing, and notary service provider based in Atlanta, GA. She’s a master wordsmith with a passion for preparing working professionals to present themselves in the best light possible. Tiffany aims to equip her clients with eve...
Finding Community in Entrepreneurship with Kat Araujo
January 15, 2021 05:00 - 34 minutes - 31.3 MBAre you in a space where you know your business is evolving, but you’re getting leads that no longer align with that trajectory? Then this conversation is for you! Kat and the crew want to help you uncover your brand’s true purpose and attract a new caliber of clientele. “I want Afternoon Culture to be that place that people come to once they’ve had their ‘Aha’ moment and are ready to pivot.” - Kat Araujo What did you think about this episode? We’d love to hear your feedback. Le...
48 | Running as An Act of Resistance with Takia McClendon
January 08, 2021 05:00 - 27 minutes - 24.9 MBTakia McClendon is a running coach, personal trainer, and activist on a mission to debunk diet and fitness myths. As co-founder of City Fit Girls, a Philadelphia-based fitness and running community that aims to empower people to get moving on their own, Takia is constantly seeking ways to use running as an act of resistance for people who don’t have access to boutique studios and other pricey fitness resources. Traditionally, the face of running in this country is white and skinny. City Fi...
Running as An Act of Resistance with Takia McClendon
January 08, 2021 05:00 - 27 minutes - 24.9 MBTakia McClendon is a running coach, personal trainer, and activist on a mission to debunk diet and fitness myths. As co-founder of City Fit Girls, a Philadelphia-based fitness and running community that aims to empower people to get moving on their own, Takia is constantly seeking ways to use running as an act of resistance for people who don’t have access to boutique studios and other pricey fitness resources. Traditionally, the face of running in this country is white and skinny...
47 | Classification Matters : Contractors v. Employees
December 10, 2020 14:34 - 9 minutes - 8.8 MBSo, you’ve reached the point in your entrepreneurial journey where you need help to function effectively. You find the perfect candidates, offer them the job, onboard them and they’re ready to get to work...and get paid. This week we discuss the two classifications of people who do work for you - independent contractors and employees. It is in the best interest of the employer to keep as many contractors on their team as they can. Employees tend to be more expensive, as they’re eligible fo...
Classification Matters : Contractors v. Employees
December 10, 2020 14:34 - 9 minutes - 8.81 MBSo, you’ve reached the point in your entrepreneurial journey where you need help to function effectively. You find the perfect candidates, offer them the job, onboard them and they’re ready to get to work...and get paid. This week we discuss the two classifications of people who do work for you - independent contractors and employees. It is in the best interest of the employer to keep as many contractors on their team as they can. Employees tend to be more expensive, as they’re el...
Allies & Advocates: They Are Not The Same And We Need Both with Amber Cabral
November 16, 2020 21:19 - 47 minutes - 43.1 MBIn our current social climate, the conversation around advocacy and allyship are on-trend across professional and personal spaces alike. At some point, most of us have probably had to carry the burden of serving as the BIPOC spokesperson to people in our network who say, “I want to support, but don’t know what I can do”. Well, diversity and inclusion strategist, Amber Cabral, has literally written the book on what to do. Allies and Advocates: Creating an Inclusive and Equitable Cu...
46 | Allies & Advocates: They Are Not The Same And We Need Both with Amber Cabral
November 16, 2020 21:19 - 47 minutes - 43.1 MBIn our current social climate, the conversation around advocacy and allyship are on-trend across professional and personal spaces alike. At some point, most of us have probably had to carry the burden of serving as the BIPOC spokesperson to people in our network who say, “I want to support, but don’t know what I can do”. Well, diversity and inclusion strategist, Amber Cabral, has literally written the book on what to do. Allies and Advocates: Creating an Inclusive and Equitable Culture pro...
45 | Cash App is Not Payroll
November 03, 2020 05:05 - 12 minutes - 11.4 MBIn the age of COVID-19, many people are taking advantage of a slower-paced world by finding opportunities to grow their businesses. As a result, some have transitioned to a place where they may need to hire help and are seeking guidance on how to appropriately pay the people doing work for them. If you’re one of those people, do you know what payroll really means? If you’ve asked questions such as, ‘What is payroll? How and who can I pay? When do I pay myself? What about state and federal w...
Cash App is Not Payroll
November 03, 2020 05:05 - 12 minutes - 11.4 MBIn the age of COVID-19, many people are taking advantage of a slower-paced world by finding opportunities to grow their businesses. As a result, some have transitioned to a place where they may need to hire help and are seeking guidance on how to appropriately pay the people doing work for them. If you’re one of those people, do you know what payroll really means? If you’ve asked questions such as, ‘What is payroll? How and who can I pay? When do I pay myself? What about state and ...
44 | What's The Difference Between an Accountant and a Bookkeeper?
October 28, 2020 04:00 - 8 minutes - 7.89 MB“So Keila, what’s the difference between an accountant and a bookkeeper, and which one do I actually need?” This is a question that I’m asked almost every day both on and offline and since both accounting and bookkeeping play important roles in maintaining pristine financial records, we’ll be breaking it all down in this week’s episode and learning: The job functions and differences of both accountants and bookkeepers. What questions to ask your bookkeeper and/or accountant to fully unders...
What's The Difference Between an Accountant and a Bookkeeper?
October 28, 2020 04:00 - 8 minutes - 7.89 MB“So Keila, what’s the difference between an accountant and a bookkeeper, and which one do I actually need?” This is a question that I’m asked almost every day both on and offline and since both accounting and bookkeeping play important roles in maintaining pristine financial records, we’ll be breaking it all down in this week’s episode and learning: The job functions and differences of both accountants and bookkeepers. What questions to ask your bookkeeper and/or accountant to ful...
43 | Discovering Your Passion
October 14, 2020 04:05 - 18 minutes - 16.8 MBContrary to popular opinion, Millennials aren't the only ones doing side work and following their dreams, Baby Boomers are emerging as entrepreneurial spirits as well! This week, we get to hear from Generation X firsthand through a reluctant representative -- my mom. As a Program Analyst for the CDC she has a deep passion for African American genealogy research and shares: • Her experience discovering her passion • How to create opportunities to monetize it • The sometimes harsh reali...
Discovering Your Passion
October 14, 2020 04:05 - 18 minutes - 16.8 MBContrary to popular opinion, Millennials aren't the only ones doing side work and following their dreams, Baby Boomers are emerging as entrepreneurial spirits as well! This week, we get to hear from Generation X firsthand through a reluctant representative -- my mom. As a Program Analyst for the CDC she has a deep passion for African American genealogy research and shares: • Her experience discovering her passion • How to create opportunities to monetize it • The sometimes ha...
Accrual vs. Cash Accounting: Why Does It Matter?
September 16, 2020 04:05 - 6 minutes - 5.57 MBTo make the best strategic decision for your accounting needs, you need to understand the differences between accrual and cash accounting and how your choice may affect how you file your taxes. While the biggest difference may be easy to understand — deciding when to recognize income and expenses — there are other nuances that need a bit more explaining. So, in this episode, we discuss: • The difference between cash accounting and accrual accounting. • How each type of accoun...
42 | Accrual vs. Cash Accounting: Why Does It Matter?
September 16, 2020 04:05 - 6 minutes - 5.56 MBTo make the best strategic decision for your accounting needs, you need to understand the differences between accrual and cash accounting and how your choice may affect how you file your taxes. While the biggest difference may be easy to understand — deciding when to recognize income and expenses — there are other nuances that need a bit more explaining. So, in this episode, we discuss: • The difference between cash accounting and accrual accounting. • How each type of accounting reco...