Cheers To Business

Cheers To Business

Cadie Gaut, Karen Simmons
26 episodes

About

Cheers To Business is a casually serious business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job over a glass of wine. Karen and Cadie are a mother-daughter dynamite duo that can collaborate and clash with the best of them. Join them as they candidly share their work experience, work & life balance tips, best business practices, career ups and downs and why always having fun in the process is a must. Cheers to you and your dreams and businesses.
more

Language

English

Top CategoriesView all

13 March 2019

Ep.26 - Let's Do A Podcast With The Insurance Guys

Karen Simmons and Cadie Gaut

Cheers To Business | Insurance Guys Podcast | Ep26 | Podcasting

Are you thinking about starting that business or passion project podcast? Well, this is the perfect podcast motivational episode for you. Budding new podcasters Karen and Cady talk with fellow Deep Fried Studios and veteran podcasters Scott Howell and Bradley Flowers from the popular and ever-growing The Insurance Guys Podcast. The Cheers Ladies and The Insurance Guys discuss their love of podcasting, how they all got started, what's needed to make a good podcast, and what podcasting has done for each one of them professionally and personally. Plus, Scott gets overly emotional, Bradley tells a semi-dirty joke, and Karen & Cadie tell how they dreamed up and launched the Cheers To Business Podcast.


Listen to Scott and Bradley's The Insurance Guys Podcast 


Scott & Bradleys Top 6 Podcast Essentials:

1. Consistently good content that entertains and educates
2. Ability to find great guests
3. Strong relationships and chemistry
4. Sound good or get a good show producer and/or audio engineer
5. The courage to get started
6. The commitment to stick with it

 

Scott and Bradley's 3 Biggest "Unintended Consequences" of Podcasting

1. Overall personal branding - Scott and Bradley's awareness has increased throughout their industry and with established thought leaders.
2. Giving back - Scott and Bradley have enjoyed impacting others by helping other Insurance agents improve their business and productivity.
3. Personal growth - Not only is podcasting fun and exciting; it's also helped Scott and Bradley learn more about their personalities, talents, strengths, and weaknesses.


Join the Domke Market Wine & Cheese Club


Resources:

Bradley Flowers - Portal Insurance | Facebook

Scott Howell - iprotectins.com | Facebook

Insurance Guys Podcast | Facebook

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties


Quotables & Tweetables

When you do eight podcasts in a day, you want to go crawl up in a fetal position in your walk-in closet and go to sleep. - Scott Howell

I would say I put in more work outside of the podcast, but Scott puts in more work during the podcast. He's sort of the talent, and I sort of handle the business side of things. - Bradley Flowers

When we started The Insurance Guys Podcast, I wanted it to be very original. - Scott Howell

I'd always wanted to do a podcast, and so I viewed it as like 'Okay, this will just be something fun, we won't ever really do anything with this.' - Bradley Flowers

We did a bunch of research, and eventually concluded that we were going to record the podcast remotely, and Scott was going to record audio...we were going to be on Skype. It was a disaster. - Bradley Flowers

I realized pretty early on that we were going to have something that was pretty special. More so than anything else, it just the relationship that Bradley and I have, and our energy that we have and how we play off of each other on the podcast. - Scott Howell

Batch recording your podcast is the best way to do it if you want to be consistent. - Bradley Flowers

It's easier for me to block off two days to batch record our podcast every two months than it is to block off an hour every week. - Bradley Flowers

What podcasting has done for us is all the unintended consequences that we never thought of when we started that. The relationships with people that are the people in the insurance industry, and the thought leaders of the insurance industry, that we now know. - Scott Howell

With The Insurance Guys Podcast, we've impacted a lot of people's lives. - Scott Howell

Growing up, I knew I wanted to do something that could make a difference. I think that by podcasting, we're helping other people make their dreams a success. And I think that's the difference. We didn't get into podcasting for people to know us or to make money. - Cady Gaut

I tell people when they say what's the podcast about. I say, we're answering questions we get asked every day, happens to be we're drinking wine. - Karen Simmons

The inspiration for Cheers To Business was the great conversations about our lives as women, and in business, and growing and networking and all of that, and that's really what it was, is just these conversations Karen and I have. - Cady Gaut

Mike Stromsoe, a thought leader in the insurance business, he says something that I think is very applicable to both Cady and myself, whatever your past is, your future is spotless. - Scott Howell

So many people wonder what their legacy is going to be. But I think The Insurance Guys Podcast will undoubtedly be our legacy when we're not here on earth anymore. - Scott Howell

I know Bradley was talking about having nerves and being nervous about the podcast, I don't. It's just like breathing to me. I just get on and go. - Scott Howell

The podcast content has to be absolutely fire. Try to pick the best and biggest guest as possible and make sure the audio sounds good. - Bradley Flowers

You have entertainment, and you have educational, and if we don't have either one of those at least sound good. - Bradley Flowers

That's one of our biggest goals, is that balance of exciting and entertaining, but always educational. - Cady Gaut

I think that our ability, to take a topic that is as boring as watching paint dry on a wall dry, and be able to get at the energy level I have that at, and to be able to tell amazingly funny stories all the time, or say something that people just fall on the floor. - Scott Howell

You can get somebody to a podcast because of the sound quality, and the this and that and the great guests, but you also have to be able to get 'em back. - Scott Howell

There is a talent component to podcasting, no different than why somebody makes it big in the music industry, or on a pilot on television, and then that fourth component is playing off each other. - Scott Howell

I had never listened to a podcast before Cady said, 'Let's do a podcast.' - Karen Simmons

I was having trouble finding a podcast that I really connected with, because it just didn't have that balance of entertainment and education, and I was like, let's do it, that's us. - Cady Gaut

I get between 10 to 15 Facebook friend requests a day from insurance agents all over the country. What they're doing is they're going to our, somehow, someway, getting to our podcast, listening to it, and then friend requesting me. Of course, we've got some other thought leaders that mention us as well when they talk in big groups. It's been a blessing in our life, and I would encourage anybody to give it a shot. - Scott Howell

06 March 2019

Ep.25 - Waffle Brains and Maximizing Time

Karen Simmons and Cadie Gaut

Cheers To Business | Ep.25 | Maximize Time

In today's world, everyone is so go, go, go. You look up and the day has gone. In this episode, Karen and Cady talk about things that they do, tips and tricks that they've learned to maximize their time to be more productive and profitable.


Cady & Karen's Time Maximizers

1. Increase productivity and focus by blocking off time and batch similar tasks.
2. Plan your time with a calendar. Try Google Calendars.
3. Schedule a meeting time with yourself and keep the meeting.
4. Set a task timer, especially tasks you don't like to perform and the time suck of Facebook and social media. Cadie suggests an app called SLOTH.
5. Use time apps and time trackers to analyze for "screen time" where you frequently waste time. Apple iPhones offer this on their iOS.
6. Increase focus and minimize distractions.
7. Determine where you are wasting time and make a plan to make behavioral and work changes based on your analysis.
8. Create specific and measurable time and results in productions goals for yourself and your staff.
9. Create preparation time for yourself and team before office and work hours to create a more positive mindset.
10. Limit meetings and unnecessary internal communications.
11. Prioritize emails, client contact, and small tasks and do them quickly to get them off your daily to-do list.
12. Use downtime and waiting times to get small tasks, emails, texts, and return calls out of the way.
13. Know what you do well. Stay in your lane and contract out those tasks you don't do well, don't like to do, or takes away from the actions that make you money (i.e., taxes and payrolls...wink wink.)

 

Join the Domke Market Wine & Cheese Club


Resources:

Sloth App - Recommended by Cadie

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties



Quotables and Tweetables

My calendar is everything. If it's not on my calendar, I'm not going to do it. - Cady Gaut

You should schedule a meeting with yourself and keep that meeting. - Cady Gaut

I say set a timer. - Cady Gaut

Apple is really great about letting you know your screen time. I have a goal to reduce my screen time by two hours. - Cady Gaut

So here by eight and then it's 8:01, people's computers aren't up, but clients are calling, our customers are calling. So at least getting their 30 minutes prior, it really gets people in the right mindset so that when boom, the office opens at nine, they're ready to work. - Cady Gaut

I will go out to my vehicle, and I will look at my emails and anything immediate, I will answer them. But the big difference is understanding which emails that can be answered in that 10 seconds or the ones that need to wait. - Karen Simmons

Meetings. They're time-consuming; they take longer than they need to. Some things don't need meetings. - Cady Gaut

 

 

25 February 2019

Ep.24 - Uncle Henry: Advertising, Flea Markets and Protecting Parts

Karen Simmons and Cadie Gaut

Cheers To Business | ep.24 | Uncle Henry | advertising

In this sober episode, Karen and Cadie talk to the Mobile, Alabama radio legend Uncle Henry of iHeart Media and Newsradio710AM WNTM. Uncle Henry shares his secrets and insights on maintaining a career and brand for 30 plus years and gives some pro tips on getting the most out of your advertising budget, especially on radio. Plus, Uncle Henry reveals what makes him the crankiest, why he avoids politics when possible, and why he is fascinated with the Mobile Flea Market.

Uncle Henry’s Advertising Tips:
1. Consult with a professional advertising account executive that asks you the right questions about your business.
2. Determine the right audience, demographic, and customers.
3. Consider your message, strategy, and positioning (your place in the market).
4. Determine the right platform, medium, and station.
5. Be consistent for an extended period.
6. Be authentic.
7. Consider your lead to conversion time.
8. Measure your results.

 

Uncle Henry’s Advertising Pro Tips:

1. Consult with a professional advertising account executive that asks you the right questions about your business.
2. Determine the right audience, demographic, and customers.
3. Consider your message, strategy, and positioning (your place in the market).
4. Determine the right platform, medium, and station.
5. Be consistent for an extended period.
6. Be authentic.
7. Consider your lead to conversion time.
8. Measure your results.

 

Resources:

 

 

Quotable and Tweetables


I got into radio in 1984 and started giving my opinion. And people seemed to enjoy the way that I gave my opinion. They didn't necessarily agree with the opinion, but they liked the way I gave it. It gradually got to the point where that's all I did, was go on the air and give my opinion the way that I do. - Uncle Henry

I've got an attitude where I enjoy change. - Uncle Henry

One of the things I love about in my profession and in my job is that every day, not just every week or every month, but every day there's something different that you did not anticipate. - Uncle Henry

If you've got the right attitude, it shouldn't be that big of a problem in terms of technology. - Uncle Henry

In the world of advertising, I was originally who you would pick if you really wanted to stand out and be different. - Uncle Henry

If you're new, up and coming, or challenging a big brand, I was the type of person you would go to. - Uncle Henry

Advertising campaigns depend on where you already are. Are you brand new? Are you established? All of the-- it's unique for every client. - Uncle Henry

It's very challenging to try to come up with a 30 second or 60-second ad presentation that can transmit everything you need to transmit. You have to let people know exactly what you do. - Uncle Henry

The only way to make radio really work is to be super consistent for a long period of time. - Uncle Henry

Finding the right demographic, the right station, to reach those right customers. - Uncle Henry

We can get instant results with retail when you match the right pitch to the right customer. - Uncle Henry

Talk to an experienced salesperson, account executive. You have to make sure that they're asking you the right questions. - Uncle Henry

They should be asking you who you want to have walk in the door, what type of customer are you looking for, who is your typical customer. They need to be asking you, "how many customers do I need to bring you every month to justify this expense?" - Uncle Henry

So you might even match up with the right radio station and not reach the right zip code if that makes sense. - Uncle Henry

The most effective advertising is authentic. It's authenticity. It’s telling a true story. - Uncle Henry

I don't want to go on the air and represent a business that I don't trust, that I think is fly by night, or that I think might not be on the up and up. - Uncle Henry

We turn down business all the time for that purpose. Plus, if I represent a lousy business, that affects my brand. That affects my ability to earn money, maybe for the rest of my career. - Uncle Henry

A lot of people still haven't figured out how they should spend if they use social media to do advertising. - Uncle Henry

Social Media hasn't hurt us, what it has done is help us in promoting our radio stations. I'm able to do my show every day on Facebook live. - Uncle Henry

The business epicenter of Mobile? I truly believe it's the Mobile flea market. - Uncle Henry

I don't know that I've done much legendary other than hold a job since 1984. - Uncle Henry

All I've had to do is stay employed, and the longer I stay employed, the more I get credit for it. - Uncle Henry

I love the fact that all I've gotta do is hang on, and I become more legendary, just by hanging on to the job. - Uncle Henry

I've gotten to that age where I'm starting to realize that younger generations, no offense to the millennials, don't seem to know as much history and don't understand that we get close to repeating it all the time and making the same mistakes. - Uncle Henry

Most government makes me cranky. - Uncle Henry

My wish, for local government and national government, would be solution oriented. Where let's identify a problem, and then everybody gets together and figure out what would be the best ways to deal with it and forget what tribe we're a member of. Let's just solve a problem.- Uncle Henry

I like to talk about platforms, but not politics. - Karen Simmons

I don't want to belittle anybody for what they believe. - Uncle Henry

Just because I disagree with you, doesn't mean that I don't respect your opinion. - Uncle Henry

 

20 February 2019

Ep.23 - Coffee, Connecting, and Being Real with Jeff Roberts

Karen Simmons and Cadie Gaut

Cheers To Business | Ep23 | Jeff Roberts | Being Real

In this episode, Karen and Cadie have Mr. Yellowhammer Coffee, Jeff Roberts in the Deep Fried Studio. Jeff shares his highly caffeinated journey from one coffee truck (and trailer) to a new brick and mortar location, his three biggest business lessons, and his brilliant tips on social media content creation and brand building. While there is no wine drinking in this morning addition of the Cheers To Business podcast, there is a lot of coffee consumption and wine talk. Plus, Jeff reveals his obsession with local restauranteur Will Fusaiotti of Foosackleys and what Yellowhammer's future growth looks like (hint: it looks like shipping containers.)


Jeff Robert's three biggest business lessons:

1. Everything you think, know you're going to be wrong, and everything you thought would fail usually works.
2. Don't be scared to celebrate people.
3. Take people on your journey. Be real and document everything, don't just create.

 

Join the Domke Market Wine & Cheese Club


Resources:

@yelhamcoffee - Twitter

Yellowhammer Coffee - Facebook



Big Questions

  • What is Jeff Robert's favorite coffee? Favorite wine?
  • What does "document, don't create" mean?
  • What is Jeff's secret ingredient for his popular and often shared social media and video content?
  • Why and what did it take for Yellowhammer Coffee to expand from a mobile coffee truck and trailer to a physical location?
  • What food franchise does Jeff Roberts use as a model and inspiration?
  • What's the best way to connect your brand with your customers and audience?
  • What was the inspiration for the name "Yellowhammer Coffee"?
  • How has Jeff and his family handled the sacrifice and stress of starting a new business from scratch?
  • What's Jeff's leadership and teambuilding approach when dealing with retail and millennial employees?
  • What's next for Jeff Roberts and the Yellowhammer Coffee brand?


Quotables and Tweetables

Document, don't create. - Jeff Roberts

With content marketing, people connect with like reality. - Jeff Roberts

Show your mistakes, people relate to imperfections. - Cadie Gaut

In our social media, I love the realness, and I love the behind the scenes. I love the struggle. - Jeff Roberts

I'm going to start a coffee trailer, and if we fail, I'm going to fail right in front of your eyeballs, and we're going to keep it documenting. - Jeff Roberts

You have to make time for Family. We try to make as much time as we can, but like our kids know we're building something that's a sacrifice, we're all in it together. - Jeff Roberts

Before I had the Payroll Vault team, it was just me at the desk doing payrolls just all day long. That's all I did. And then you grow the team, and there's a great team, and I'm able to go then promote the business, and it's fantastic. - Cadie Caut

You need a network of entrepreneurs. You need people in your life that you can call and say, "Hey, this is what I'm thinking about it." - Jeff Roberts

When you're on the edge that's the moment when you're so terrified, but then when you jump. - Karen Simmons

I tell new business owners, three years before you can plan on a paycheck. - Karen Simmons

Foosackly's has grown in a very organic and healthy way, and I want to model that. - Jeff Roberts

I've gone to Starbucks a hundred times; they put the lid right where the crease is. - Karen Simmons

Little things matter because they add up to big things and it's all about the experience. - Cadie Gaut

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

13 February 2019

Ep.22 - Partnerships, LLCs, S-Corps, and Forming A Company

Karen Simmons and Cadie Gaut

Cheers To Business | Karen and Cadie | Ep22 | Paula Question

In this episode, Karen and Cadie answer a listener's question concerning forming a new company and partnership. They will explain all the steps needed in filing the legal papers and will break down all the pros and cons between choosing to open an LLC or an S-Corp. Plus, producer Johnny Gwin gives some insight into Shopify, Etsy and the ups and downs his journey forming his E-Commerce company, Deep Fried Threads. Bottom line: while you can do most of the legal paperwork and the filing on your own (and online), hiring an affordable lawyer and CPA is highly recommended to start your company on the right legal and tax footing. Plus, document your journey, your income, expenses, the whole process, and ask a professional (you trust) when in doubt.


Paula (from South Carolina's) Question:

I'm in the early stages of product development but wanted to start selling some clothing items online now. It's just my best friend and me. Do you know what steps we should take regarding filing legalities before starting an online shop? And would those same steps apply to selling on a platform like Etsy or Shopify? Also, if we were starting from scratch, would you recommend filing as an LLC? Any advice or information you have would be greatly appreciated. Thanks, y'all.

Join the Domke Market Wine & Cheese Club


Resources:

Deep Fried Threads - Johnny's apparel company



Quotables and Tweetables

Get a tax advisor. Find somebody that's in your area that you can sit down with and look in the eye, and find out what you need to do. - Karen Simmons

If you are expecting getting investors, and LLC's going to be better. If for taxes, and it's just going to be you, then an S corp's going to be better. - Karen Simmons

What you need to do first as soon as you form those papers is check with your state, because I know in Alabama you only have 45 days to file a privilege tax return, or they're going to pop you with a penalty. - Karen Simmons

Start with contacting the Secretary of State, because you've got to reserve the company name. They will switch you to other departments, like the state Department of Revenue. - Karen Simmons

Secure your company name because whoever does your paperwork, you don't want to pay them to do it and then find out you can't even use the name in your state. - Karen Simmons

Soon as you get all the name, the EIN, the business license, formation paperwork, that's what you've got to take to the bank to open up a business bank account. - Karen Simmons

If you were going into business with somebody else, spend the money upfront and get an operating agreement: What happens if somebody wants out? What happens if somebody dies? You don't want to be in business with their spouse if you built something profitable, and God forbid, somebody drops dead or gets hits by a bus. - Karen Simmons

Get an attorney to do the operating agreement paperwork. You need to have it down on paper. Read it out loud to each other, make sure that there are no misunderstandings because when you go into business, you're married to them. It's a business marriage, and you don't want a business divorce because of just trying to do business. - Karen Simmons

You have to have a business license in your city, in your county, in your state. State and county are usually really, really cheap, so don't worry about those as far as the price of them. But the city's is based on your revenues. - Karen Simmons

Research your platforms of where you're going to put your stuff out (i.e., Shopify and Etsy.) Which E-commerce platforms are going to do the most for you at the least amount of cost, of course? But are they going to handle the revenue collection for the sales tax? And they're going to pay it in, and you don't have to do it. - Karen Simmons

If you have a good CPA, they're going to do all the paperwork filings for you. The lawyer will draw up the paperwork. Then you take the paperwork to the CPA. They can get your federal ID number. - Karen Simmons

Every person has a social. Well, every business should have a federal ID number. And that's called an EIN - Employer identification number. - Karen Simmons

You as a business owner need to be worried about getting your distribution, getting your inventory, getting it priced right, getting the right platform. You need to be worrying about that kind of stuff, and so find somebody that can handle all this other legal and compliance stuff. - Karen Simmons

Besides from all the legal stuff, there's all that extra stuff as well. Do you have your logo, your specific font that you use for your branding, so your Facebook matches your website? Is your website built? - Cadie Gaut

When you check the state to see if your company name can be registered on the legal side, make sure you can get a URL domain with the same name. - Karen Simmons

Are you a self-proprietor, you're just going out there doing business. You can get the paperwork and be an LLC. LLCs are great with partnerships, and especially if you're going to have investors later on. You can split the profits different than ownership at an LLC. On an S corporation, you still become an Inc, but still, you have to file the forms to be an S corporation with the IRS. LLC is going to be taxed just like a self-proprietor. That means you're going to get hit with self-employment tax, FICA tax, social security, and Medicare. Whereas an S corp, the profit flows through with no FICA tax, no self-employment, no social security, and Medicare. Now the government knows that, so they're going to want you to be on a reasonable W-2. - Karen Simmons

See if it can be profitable before you spend all the money setting up your corporate and company formation and tax compliance. - Karen Simmons

I would say get your EIN number because that's an easier thing to do. Get compliant with your state and local, the bare minimum. - Johnny Gwin

If you're an employee, you get a W2. If you're a subcontractor, you get a 1099. If you're part owner in a business, you're going to get a K1. - Karen Simmons

Make sure your business legal and tax answers are coming from professionals. - Karen Simmons

Document your journey, just your growth. I think people who identify or love your brand or love your products. People who love your clothing, they want to identify with you and watch your journey as you grow and become more successful. - Karen Simmons

Somebody inspired you to start doing this, so inspire somebody else. I think to give back just makes you more successful in the long run. - Karen Simmons

Start as you go, federal, you've got to deal with. The state, you've got to deal with, and deal with your city. The other stuff, you can figure out as you're going. And get the store up and start selling. - Johnny Gwin

Find somebody that you can sit down and look in the eye and have a conversation; they don't make you feel stupid. - Karen Simmons

Don't sell, build relationships. - Karen Simmons

You've got to find that person you're comfortable with because then they care about you. And they're going to tell you the things you need to know - but it won't be in that first and one meeting. - Karen Simmons

I think the G in guts stands for God, and I do believe that. - Karen Simmons

I'm a huge advocate for QuickBooks for bookkeeping purposes. - Cadie Gaut

Google QuickBooks Pro Advisors in your area, and even if it's a CPA firm that you don't work with, they usually offer QuickBooks training. - Cadie Gaut

When you're marketing, document what you're doing because that's good for you and how you grow the company and your journey. The other thing is to document the federal ID number and the state thing and document everything because at least you've got a record of you acting in good faith. - Johnny Gwin

Run all your money through the business bank account. I know there's no money in it. You got startup money from somewhere. Put it in the business checking account, then spend it, because you get a year down the road and life's been a whirlwind, you're going to forget about that $158 down at probate that you spend to form this damn thing. - Karen Simmons

You can start selling today. You can deal with the money later, but you can start selling today. - Johnny Gwin

Be willing to sit back and listen to your gut and see which way you're supposed to go with this thing. It's a great journey. - Karen Simmons

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

 

 

06 February 2019

Ep.21 - Share The Knowledge

Karen Simmons and Cadie Gaut

Cheers To Business | Karen Simmons and Cadie Gaut | Ep.21 | Knowledge Share

In this episode, Karen is going to teach Cadie and the audience about David Gurteen's business philosophy of Knowledge Share. Knowledge Share is always revealing and teaching everything you know to your team and the people around you. By creating a culture of knowledge sharing, you will not only increase the overall skill set of your team, but you show them and your customer the "why" of what you do and how things are supposed to be done. When you can get you, your team, and your customers on the same page and all moving in the same direction then your business can really start humming, and the sky is the limit.


Join the Domke Market Wine & Cheese Club


Resources:

Creating a Knowledge Sharing Culture - by David Gurteen

 

Quotables and Tweetables

If somebody asks me a tax question that I know the team needs to know, will blind copy them the information that I think they need to know that is not going to come up in our daily conversation. - Karen Simmons

Knowledge Share is not just for your team. It also applies to your clients and your customers. - Karen Simmons

When people keep asking the same question, transfer this knowledge to them so that they can use it on their own. People will find new things that they need to know. So, it's continuing to grow continuously, but you cannot contain your knowledge inside yourself. - Karen Simmons

I'm talking about serious conversations of helping someone learn how to do something just because you know how to do it. I think it could be beneficial, and it's a win-win situation. - Karen Simmons

You don't know what people don't know. - Karen Simmons

I respect people more when they admit they don't know how to do something than if they pretend they do. - Karen Simmons

It's beneficial because if everybody on your team and your clientele and your customers are knowledgeable about what we're all doing, it just brings more success to the table, and everybody ends up making more money in the long run because we're sharing the knowledge. - Karen Simmons

Knowledge Share is great for referral partnerships. The more that we understand our client's business and they understand ours, the more beneficial that relationship can be. - Cadie Gaut

Knowledge share, it's more about teaching someone to fish rather than just handing them a fish. - Cadie Gaut

I'm showing you, and I'm teaching you what I do and explaining the why of why I do what I do, I'm not just providing a service to you. I'm teaching you because you know the why of why I'm doing what I'm doing and how we can work better together. - Karen Simmons

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

 

30 January 2019

Ep.20 - Talkin' Family Business and Surviving It

Karen Simmons and Cadie Gaut

Cheers To Business | Karen Simmons and Cadie Gaut | Ep20 | Family Business

On this episode, Karen and Cadie talk about something they know a lot about; starting, working, and thriving in a family business. Karen and Cadie share their personal family business ups, downs, tidbits, wisdom nuggets, warnings, and all the pros and cons. Plus, they give us their secrets for making it work not only in the business but also not to take that office tension home with your spouse, kids, or siblings.


The Lessons:

  • Navigating a smooth family business model needs the same things that any good relationship needs: mutual respect, accountability, kindness, trust, and open communication.
  • Don't bring office experiences and tensions into the personal aspects and important moments of life with members of your family business.
  • Cultivate a"team leader mentality" not a "boss mentality."
  • You are in a business marriage with anyone you go into business with, family member or not.
  • If you don't learn to work as a team in a family business you are more likely to end up in a business divorce.
  • Do not micromanage based on the hierarchy of a family structure. Run a family business by understanding the skill sets of each member and let them do what they do best.


Join the Domke Market Wine & Cheese Club



Quotables and Tweetables


When you leave the office, you have to leave it at the office. I think that's the hardest thing I've seen for people that are working together as a family, whether it's husband and wife or mother daughter or whatever. - Karen Simmons

When a family business doesn't work out, you can be business divorced. - Karen Simmons

It's not a secret, that you and I have a much better business relationship than we have a personal relationship. - Cadie Gaut

I don't think that if we have a conflict in the business, I don't think that that carries over into our personal lives. - Cadie Gaut

You want to be able to leave an office on Friday, disagreeing as equally as possible, but yet have family Christmas on the next day or to a birthday party, and it will not affect the situation. - Karen Simmons

I am making such a conscious effort to notice not only how I speak to everyone around me, but even my staff, asking them to do something rather than just telling them. - Cadie Gaut

I am separating myself from that boss mentality to a team leader mentality, and not just with my business partner, but with staff, friends, family, my husband, my children. - Cadie Gaut

A family business mentality is like when the coach's son is on the football team or baseball team. - Cadie Gaut

When you only see somebody in their personal life, you don't know how they are in their business life and vice versa. - Karen Simmons

Everybody out there thinking about bartering services back and forth - don't do it. - Karen Simmons & Cadie Gaut

If you support someone, family or friend then you should be willing to pay for their services if you're going to support them. - Karen Simmons

Don't take a discount from a client. You pay what anybody else would pay, it's all fair, nobody has any hard feelings, and it just works better that way. Do not trade out. - Karen Simmons

I think that's the basics of a good family relationship, is leaving that person alone to do what they know how to do, but having respect for that, but it has to be mutual. - Karen Simmons

I don't care if it's your husband, your wife, your sibling, your niece, your uncle, your grandpa, if each one or one of them thinks they have to be a part of every little thing and they don't trust the other people to do their job or the other person can't do the job, it's a bad business relationship. - Karen Simmons

My experiences with people that are married and in business and the ones that are successful leave each other alone to do their part that they know the best. - Karen Simmons

In a family business, it's imperative that you tell each other what's going on, stay in your lane, and you make decisions affecting the whole company together, but staying on the target of your talent. - Karen Simmons

Whether you're in business by yourself, or with a team, or especially with family you're going to have to have a date night at some point. You cannot live and breathe and eat "the work" 24/7. It will strangle you. - Karen Simmons

Success can tear people apart, and I've seen that happen. - Karen Simmons

You can be so different in personalities, both of them (business owners) want to be visionaries, but nobody wants to be the executioner. - Karen Simmons

You know going into business with the people that you trust the most is not take them for granted. - Karen Simmons

It sounds like everything that you're saying as far as what you need to have with your business partner, trust, respect, listening skills; it almost seems like skills that you need for a healthy marriage. - Cadie Gaut


Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

23 January 2019

Ep.19 - Common Business Taxes, W-2 and 1099 Questions

Karen Simmons and Cadie Gaut

Cheers To Business | Karen and Cadie | Ep.19 | johnny Gwin

In this episode, show producer Johnny Gwin gets some small business and 2018 tax advice from Karen. Johnny asks some common questions business owners have every year trying to get all those financial reports finished, and in compliance with city, county, state and federal laws.

 
Big Questions

> How should a business owner deal with quarterly and end of the year dividend payments?

> W-2's and 1099's: who should get them and what is the best way to have these forms appropriately executed?

> How to record checks written in one tax year but cashed in another?

> Why can syncing your business software with your bank be problematic for your taxes?

> What are some of the biggest misconceptions and truths on what business owners pay for their business taxes?

> Why is knowing your basic business numbers, especially margins, essential in understanding the health of the company?

> Is it good or bad to have an out of state business license?

> What is the easiest way to register or transfer your business license to the state of Alabama?

> When beginning to work with a CPA what documents, reports, and forms do you need to provide?

> What are some common tax form errors that can trigger an audit from IRS.

 

Quotables and Tweetables

If you wrote that check and you sent it in 2018, you need to take that deduction in 2018. - Karen Simmons

 

It is such a misconception that the amount of money in your bank account is what you're going to pay taxes on. Total mistake. It doesn't matter where it's sitting. - Karen Simmons

 

Taking a distribution, dividend, whatever is not a taxable event. Period. - Karen Simmons

 

You file all of your 1099s with the form 1096 with the federal government and then a form 96 with the state. - Karen Simmons

 

You're going to live and breath by margins because if it costs you too much to do a job, you're either not charging enough or it costs you too much to do that job. It's coming out of your pocket. - Karen Simmons

 

You don't want to file something so different then what's been filed in the past, you're scared it's going to trigger an audit. - Karen Simmons

 

Go get a professional accountant to help you out because it will save you a lot of time and questions can be answered. Look, I'm not saying washing my hands with what I do. - Johnny Gwin

 

Go where you can make money. Go do what you know how to do and let everybody else who knows how to do what they do, do it. - Johnny Gwin

 

Resources:

Johnny Gwin - Website

Deep Fried Studios - Website

@thejohnnygwin

Karen C. Simmons, P.C.

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

16 January 2019

Ep.18 - Scott Tindle: Pivot, Grit and Gravy

Karen Simmons and Cadie Gaut

Cheers To Business | 18 | Scott Tindle

On this episode, Karen, flying solo again without the super busy Cadie, interviews one of Mobile's most known and infamous entrepreneurs, Scott Tindle. Scott went from having a multi-million dollar business on July 18th, 2018 to waking up the next day and having it snatched away like a flash of lightning in the Missouri sky. Scott shares his starting and dismantling his Gulf Coast Ducks Tours company, his unique ABC network's Sharktank experience, starting a restaurant, and what his newest Senior Bowl Leadership Summit is all about.

20% OFF Senior Bowl Leadership Summit Ticket
Cheers To Business listeners can get 20% OFF their Senior Bowl Leadership Summit Ticket.

Use the code: Container20 at the checkout >>> here 

 

Big Questions:
> What inspires and drives Scott Tindle?
> What was Scott's most significant lesson from his time on the Sharktank TV show?
> What is relentless optimism, and why is it so crucial for Scott's business success?
> What is the best advice and mindset for pivoting a company?
> What is Scott's most significant career accomplishment so far?
> What is the Senior Bowl Leadership Summit and why is it such a considerable opportunity for the Mobile Business Community?
> What is Scott's secret sauce for teambuilding and influence?

Quotables & Tweetables

I don't believe in regrets. I mean there are things I would do differently probably, but I wouldn't undo any of the things that we did. - Scott Tindle

One of the great takeaways from Sharktank is ever since then I've tried to focus on businesses and things that I'm actually passionate about. - Scott Tindle

I think that God, life, whatever gives these different signs in our lives showing us which way to go and sometimes we have to hit bottom. - Karen Simmons

I used to be super emotionally invested in college football, and then I realized I can not control the outcome of the game so let me spend time worrying about things I can control the outcome of. - Scott Tindle

I think for me being able to wind this thing down and protect my employees and our team, and either pivot them into other jobs within our companies or find them other places where they can provide for their families is the proudest thing that I have been able to do. - Scott Tindle

Everything that we do is relational and not transactional. - Scott Tindle

We build our business models on this kind of hybrid of grit, kindness, and what we say is relentless optimism. So, for us, it's not optimism. - Scott Tindle

Optimism is a fleeting feeling, but if you have relentless optimism, you do not give up that optimism. - Scott Tindle

I mean my team makes me look so good. They do a lot of the heavy lifting, the hard work. They let me do fun things like come and do podcasts and go out and speak to chambers of commerce, and things like that. They are really the ones doing the heavy lifting. - Scott Tindle

On January 25th we're hosting something in Mobile called the Senior Bowl Leadership Summit and the whole idea of this summit is that we can bring world-class team builders to the gulf coast. And so, we are not trying to build a sports event; this is a team building and leadership event. - Scott Tindle

Our (Senior Bowl Leadership Summit) slogan is building teams on the field, in the classroom, in the office, and just really trying to find ways that we can leverage the giant brain power of the folks on the panel so that we can get practical takeaways for what we're doing in our daily lives. - Scott Tindle

 

Resources:

Gulf Coast Ducks

Sylvia's Biscuits + Poyboys

Senior Bowl Leadership Summit

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you! 

10 January 2019

Ep.17 - Starting A Non-Profit 501(c)(3)

Karen Simmons and Cadie Gaut

Cheers To Business | ep17 | Non-Profit | 501(c)(3)

In this episode, Karen flies solo without Cadie and speaks with Jenni and Delaney Zimlich about how they formed and started their 501(c)(3) non-profit business, the Krewe of Kindness. Jenni and Delaney share their courageous path and steps she took to get started, choosing a board of directors, dealing with the IRS, the real costs, and what surprised her most along the way. Karen lays out all the crucial details of the Determination Letter, the needed paperwork, forms, regulations and the best business practices it takes to start your 501(c)(3) business on the right foot. Plus, Jenni talks about the upcoming Krewe of Kindness Mardi Gras Ball featuring the lovely Queen Delaney at The Pillars in Mobile, Alabama.

Karen and Cadie would love to know what you come up with for your 2019 3 personal mindset words. Please email the show here or message our Cheers To Business facebook and let us know. We might pick yours to spotlight on the first four shows of 2019.


Join the Domke Market Wine & Cheese Club

 

Resources:

Krewe Of Kindness - Facebook

 

Sponsor:

Domke Market

Domke Market - Facebook Page



Learn more about Karen Simmons & Cadie Gaut

Karen C. Simmons, P.C.

Payroll Vault - Mobile & Baldwin Counties

 

About Cheers To Business
Cheers To Business is a seriously casual business and entrepreneur podcast that discusses starting, running, refining and growing your company, or excelling at your current job with two or your soon-to-be friends - over a glass of wine. Please subscribe, review and rate Cheers To Business on iTunes, YouTube, SoundCloud & Overcast. You can contact and stay connected with us by LIKING our Cheers To Business Facebook page. Thanks for listening and as always, CHEERS to you!