The Secret Weapon for Entrepreneurs: Its NOT Revenue! | Shannon Weinstein DSH #530

Published: July 2, 2024, noon

Unlock the secret weapon for entrepreneurs that\u2019s NOT revenue! \U0001f680 Join us on the Digital Social Hour with Sean Kelly as we dive deep with Shannon Weinstein, founder of Keep What You Earn. In this riveting episode, Shannon spills the beans on why revenue is a vanity metric and what truly drives your business forward. \U0001f4b0\n \n Packed with valuable insights, Shannon shares why discipline and strategic spending can transform your entrepreneurial journey. Listen in as she debunks the myth that you need an accountant from day one and offers game-changing advice on focusing on profit and EBITDA over revenue. \U0001f4c8\n \n Don't miss out on this eye-opening conversation! Watch now and subscribe for more insider secrets. \U0001f4fa Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! \U0001f680\n \n Join the conversation, get inspired, and learn how to truly keep what you earn. \U0001f4bc Tune in now! #DigitalSocialHour #SeanKelly #Podcast #Entrepreneurship #ShannonWeinstein #BusinessGrowth #ProfitOverRevenue\n \n #EntrepreneurSuccess #ScalingBusiness #FinancialStrategiesForEntrepreneurs #EntrepreneurAdvice #TaxStrategies\n \n CHAPTERS:\n 00:00 - Intro\n 00:35 - Do you need an accountant\n 01:36 - Revenue is a terrible metric\n 03:18 - Lifetime revenue metric\n 06:29 - Do you want your businesses to be profitable year 1\n 07:37 - What are the winning companies doing that the losing companies aren\u2019t\n 08:53 - What Were You Doing Before You Started Your Business\n 09:58 - Moving to Costa Rica\n 12:52 - Are You Launching a Community\n 14:02 - Biggest Tax Mistakes People Make\n 17:04 - AI is getting good\n 18:37 - Scaling vs. growing\n 19:47 - EBITDA explained\n 20:40 - Tax returns vs. books\n 23:15 - Tax strategies are time intensive\n 24:58 - Audits\n 27:30 - IRS access to bank accounts\n 28:25 - How do you find out you're being audited\n 30:04 - How do they pick who they audit\n 31:29 - What Counts as a Write-Off\n 32:42 - What Receipts to Keep\n 33:45 - 100% Write-Offs\n 34:20 - Where to Find Shannon\n \n APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application\n BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com\n \n GUEST: Shannon Weinstein\n https://www.instagram.com/shannonkweinstein\n https://www.keepwhatyouearn.com\n \n SPONSORS:\n Deposyt Payment Processing: https://www.deposyt.com/seankelly\n \n LISTEN ON:\n Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015\n Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759\n Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/\n Learn more about your ad choices. Visit megaphone.fm/adchoices\nLearn more about your ad choices. Visit podcastchoices.com/adchoices