Episode 61 Soul Sisters in Accounting: Megan Schwan on Profit, Boundaries & Building a Business That Works for You

In this episode of Your Financial Maven®, I sit down with Megan Schwan, founder and CEO of Sidekick Accounting Services, a national virtual firm on a mission to change the statistic that eight out of ten small businesses fail. Megan shares her path from teen mom and high school accounting student to running her own firm for twelve years, and together we dig into what actually helps overwhelmed entrepreneurs find clarity: starting with a separate business bank account, understanding that "knowing your numbers" has nothing to do with being good at math, and using the Profit First method to flip the formula so profitability comes first. We also talk about why revenue doesn't equal profit, how to run a regular expense analysis (and tame subscription creep), the real role of AI in accounting, and why giving yourself grace, protecting time to think, and setting boundaries matter just as much as the numbers — especially for women in business. It's a warm, practical conversation between two soul sisters in the profession who genuinely want to see small businesses thrive. You can find Megan here: https://www.sidekick-accounting.com/Send us Fan MailSupport the showFeel free to reach out to Your Financial Maven® at www.yourfinancialmavenpodcast.com⁠. I would love to hear from you about your money story or insights!Do you want to me a be a guest on Your Financial Maven®? Click here to fill out the Guest Inquiry form.Become a Supporter by the furthering of Financial Education Empowerment and get a shout out in an upcoming episode: YFM+ Supporter_______________________________________________________The purpose of this podcast is to provide general information on the subjects discussed. It is for educational, informational, and entertainment purposes only. It is not meant to resolve your specific financial needs or situations. Please consult with your CPA, tax, or financial professionals.Your Financial Maven® is produced and hosted by Samantha M. Besnoff, CPA. Editing by Kris Zarnoch of ⁠KMZen Creative. Music written, composed, and performed by Daniel Shore