Are you overwhelmed by the pressures of running a business? Feeling like the weight of taxes, finances, and daily responsibilities is too much? In this episode, we dive deep into the realities entrepreneurs rarely talk about --- the hard parts. But don't worry, there's a proven method to turn things around, and it's all about resilience.

On this episode of Become Sensible, Fiona shares her personal journey of applying the principles of the 75-Day Hard Challenge to both her business and life. She breaks down how setting daily habits like reading, networking, and financial discipline can completely transform your business performance. Learn how small changes can lead to massive growth and how you can close the year with momentum by starting your own 75-day challenge today.

"Running a business is hard, but you have everything you need to overcome the challenge."

Links:

• Atomic Habits by James Clear
• 75 Hard Challenge Rules

Connect

• Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

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Timestamps

0:00 - Introduction and business struggles

2:30 - Introduction to the 75-Day Hard Challenge

5:00 - Rules of the 75-Day Hard Challenge

7:00 - Personal experience and impact of the challenge

8:30 - Productivity and deep work

10:30 - Applying the 75-Day Hard principles to business

15:00 - Content creation and productivity systems

16:30 - Benefits of the 75-Day Hard Challenge

19:00 - Tips for preparing and succeeding with the challenge

22:30 - Personal goal of completing a triathlon

24:00 - Encouragement and concluding thoughts

28:00 - Closing remarks

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Are you a business owner, freelancer, or have income from multiple sources? I know firsthand how overwhelming estimated taxes can feel, but trust me---it's crucial to your financial health. Want to know how to avoid penalties and make the process smoother?

On this episode of Become Sensible, I'm breaking down the basics of estimated taxes. I'll explain why it's necessary to pay throughout the year, the deadlines you can't miss, and what strategies you can use to avoid a hefty tax bill at the end of the year. Whether you're earning from a business, investments, or a side hustle, I've got practical advice to help you manage your taxes effectively.

"Financial decisions are personal, and your tax strategy should be tailored to fit your unique situation."

Links

• IRS: Estimated Taxes Overview
• Tax Planning Tips: Tax Foundation

Connect

Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.

Are you paying more taxes than you should? I get it—taxes are a huge part of your expenses, and most business owners don't realize how much they could actually save with the right strategies. If you want to keep more of your hard-earned money, you're in the right place. In this episode, I'm going to show you exactly how to do that!

On this episode of Become Sensible, I will walk you through some of the most powerful tax-saving strategies out there. From understanding tax brackets to selecting the best business structure, maximizing deductions, and even contributing to your retirement---there are so many ways to make small changes that can lead to massive savings. Whether you're new to business or you've been at it for years, these tips could save you tens of thousands of dollars every year!

"A good accountant isn't just a cost; they're an investment in your future wealth."

Links:

• IRS Tax Brackets

Connect:

Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.

Are you a small business owner wondering whether a fractional CFO could be the secret to unlocking sustainable growth? The answer might surprise you. Discover the hidden power of having a financial expert on your side, without the full-time price tag.

On this episode of Become Sensible, we dive deep into the world of fractional CFOs. Whether you're navigating a growth phase, facing financial challenges, or preparing to raise capital, this episode breaks down how a fractional CFO can be the strategic partner your business needs. From understanding when to hire one, to the different types of fractional CFOs available, we explore all the key considerations that can transform your financial outlook and help you achieve your business goals.

"A fractional CFO is more than just a numbers person; they're a trusted advisor who helps align financial strategy with your business goals."

Connect:

Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.

Do you feel like financial forecasting is a mystery? Are you unsure how to predict the future of your business finances with confidence? In today's episode, I'm unveiling the secrets of financial forecasting---a crucial tool that can make or break your business. Ready to dive in?

On this episode of Become Sensible, I guide you through the essential elements of financial forecasting. From predicting sales and expenses to understanding the importance of cash flow and income projections, this episode is packed with insights that will empower you to make informed financial decisions. I also share practical tips for implementing financial forecasting, even if you're just starting out, and discuss why it's vital in today's unpredictable economy.

"Forecasting is not about having a crystal ball; it's about preparing for whatever the future may hold."

Links:

• QuickBooks Online - A recommended tool for financial reports and forecasting.
• Financial Forecasting Software - Explore various tools for small businesses.

Connect:

• Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.

What if I told you that selecting the right accounting software could be the key to saving time, reducing errors, and gaining the financial insight your business needs to thrive? This decision is more than just about convenience---it's about setting your business up for long-term success in an ever-changing market.

On this episode of Become Sensible, we’re going to dive deep into the world of accounting software, breaking down the key features you need to consider to make an informed choice. From user-friendliness and automation to the importance of scalability, this episode covers it all—I’ll share my expertise, honed from years of experience with top software systems like QuickBooks, Xero, and FreshBooks, to guide you toward a solution that fits your unique business needs.

“Choosing the right tools is a powerful step toward success.”

Links:

• Forbes on Labor Cost Reduction
• Accountancy Age on Cloud Accounting Software

Connect:

• Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Navigating through financial reports can be daunting and leave you questioning the health of your business. Imagine a simple tool that cuts through the confusion, providing a clear picture of your company's performance. That's the magic of financial KPIs, and today, I’m unlocking their secrets to help you make smarter business decisions!

On this episode of Become Sensible, we explore the significance of financial KPIs in business management. We'll break down what KPIs are, why they are crucial for monitoring the health of your business, and how you can select and implement the right KPIs to drive your company's success. We'll also share insights on the practical application of KPIs and how they can simplify complex financial reports.

"KPIs are like a quick health check for your business, giving you the clarity and confidence to make informed decisions."

Connect:

• Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Hosted on Acast. See acast.com/privacy for more information.